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GM profit races past expectations, sees strong full year

DETROIT (Reuters) – General Motors Co (GM.N) on Wednesday posted far stronger-than-expected quarterly profit and said its full-year earnings forecast would come in at the high end of its forecast due to strong demand in North America, driven by its new pick-up trucks. FILE PHOTO: The GM logo is seen …

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Airbus says tougher to meet jet delivery goal after snags

PARIS (Reuters) – European planemaker Airbus softened its key target for jet deliveries on Wednesday and warned reaching it would be a “greater stretch” after a sequence of industrial problems. Logo of Airbus is seen as an Airbus Beluga XL transport plane prepares to take off during its first flight …

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Wall Street drops on trade worries, S&P 500 nears correction

(Reuters) – U.S. stocks fell in a volatile session on Monday, with the benchmark S&P 500 index ending close to confirming its second correction of 2018, hurt by fresh worries about U.S.-China trade policy tensions and a sharp drop in the big technology and internet shares. Following a morning rally, …

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Mastercard shares slide as quality of revenue growth disappoints

(Reuters) – Mastercard’s (MA.N) shares reversed course to fall sharply in afternoon trading on Tuesday as investors worried the company’s third-quarter revenue growth was largely being driven by rebates and incentives and not by transaction volumes. A Mastercard logo is seen on a credit card in this picture illustration August …

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VW rides out impact of new pollution rules on car sales

FRANKFURT (Reuters) – Volkswagen (VOWG_p.DE) posted forecast-beating third quarter profit, weathering a storm of lower car sales, higher spending and new pollution rules which dented earnings at rivals Daimler (DAIGn.DE) and BMW (BMWG.DE). Carmakers across the globe are struggling to lift investment spending on electric and self-driving vehicles while shouldering …

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