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Ford Motor Co's third-quarter earnings fell 34 percent but beat Wall Street expectations on a strong showing in North America even as revenue fell due to the cost of introducing the F-150 pickup truck.Ford's launch of its aluminum-bodied F-150 is on track, the company said on Friday. A 3 percent drop in third-quarter revenue to $34.9 billion is largely linked to the planned shutdown of the F-150 plant ...
U.S. drugmaker Pfizer is to continue buying back stock, with the board authorising a new $11 billion share repurchase plan, deflating expectations that it will make a new bid for AstraZeneca.Shares in AstraZeneca fell 1.2 percent by 0800 GMT on Friday following the news.The largest American pharmaceuticals company, whose shares gained more than 1 percent after the announcement late on Thursday, said ...
Gold inched up on Friday as European shares fell but was set to snap a two-week winning streak on a firm dollar and robust economic data that dented demand for the metal as an insurance against risk.Spot gold was up 0.1 percent at $1,232.10 an ounce by 0956 GMT, after slipping more than 1 percent in the previous two sessions. U.S. gold futures were up 0.3 percent at $1,232.50 an ounce.The metal was ...
Gold sales in India during the festivals of Diwali and Dhanteras celebrated this week rose by about a fifth, a senior official at the country's biggest gold trade group said on Friday.Premiums in India, the second biggest buyer of bullion, jumped to $17-$18 an ounce this week, compared with $12 last week, on surging demand.Dhanteras, associated with Lakshmi - the goddess of wealth, and Diwali, the ...
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