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Wall Street falls on stalling economic rebound, stimulus impasse

U.S. stocks opened lower on Thursday as an unexpected rise in weekly jobless claims exacerbated fears of a stalling economic recovery, a day after Treasury Secretary Steven Mnuchin dashed hopes for more fiscal aid before the election.

Markets

Roche sees problems from warehouse glitch in Britain ‘cleared out’ by weekend

Roche said any lingering affects of a logistics glitch in Britain should be "cleared out" by the weekend, after the Swiss drugmaker delivered 80 tonnes of diagnostics equipment to the National Health Service (NHS) to help solve the problem.

Markets

Fisker closes deal for supplier Magna to build its SUV, take stake in startup

Fisker Inc, which is going public through a merger with a so-called blank check company, said on Thursday auto supplier Magna International Inc will supply the vehicle platform and build the electric carmaker's Ocean SUV.

Markets

US import prices increase in September as dollar weakens

U.S. import prices rose in September, with prices outside petroleum products posting strong gains, suggesting a weakening dollar was lifting imported inflation.

Markets

Nokia’s COVID detection system automatically scans for temperature, mask

Nokia has created an automated system that uses a thermal camera and real-time video analytics to determine if a person has COVID-19 symptoms and is wearing a mask, part of efforts to protect employees as they return to work.

Markets

Malaysia’s Firefly to start jet flights in Q1 next year

KUALA LUMPUR: Firefly Airlines will start flying jet planes in the first quarter of next year, its parent Malaysia Aviation Group (MAG) said on Thursday (Oct 15), in a sign MAG is shifting its focus as core brand Malaysia Airlines struggles to survive. MAG, which is trying to negotiate...

Markets

Morgan Stanley profit crushes estimates on trading strength

Morgan Stanley posted a 26per cent jump in third-quarter profit on Thursday, powered by another bumper quarter at its trading business as the COVID-19 pandemic drove up volatility in financial markets.

Markets

Walgreens promises return to profit growth as COVID-19 impact eases

Drugstore chain Walgreens Boots Alliance Inc said on Thursday its quarterly profit slumped 44.9per cent, as COVID-19 hampered sales at its retail stores in the United States and at its Boots UK unit.

Markets

US weekly jobless claims unexpectedly increase

The number of Americans filing new claims for jobless benefits unexpectedly rose last week, which could heighten fears the COVID-19 pandemic was inflicting lasting damage to the labor market.

Markets

Sanofi reports positive animal test results for potential COVID-19 vaccine

Clinical trials of an experimental vaccine against COVID-19 which is being developed by France's Sanofi and U.S. biotech firm Translate Bio are on track to begin before the end of the year after positive results in tests on animals.

Markets

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