Samsung Electronics seeks China comeback with first metallic smartphones

Samsung Electronics Co Ltd unveiled two mid-tier handsets with a premium design as it prepared to deliver a riposte to its low-priced Chinese rivals and reclaim its title as the top brand in the world's biggest smartphone market.

Citigroup sets aside $600 million more to cover legal costs

Citigroup Inc (C.N) said it was setting aside an extra $600 million to cover legal expenses in the third quarter due to "rapidly evolving regulatory inquiries," while also disclosing that it was subject to foreign exchange market probes.

Europe

RBS takes $640 million forex charge and warns of more to come

State-backed Royal Bank of Scotland (RBS.L) has set aside 400 million pounds ($640 million) to cover potential fines for manipulating currency markets and warned further charges for past misconduct would continue to hit its profits.

Fifty-one countries sign OECD pact to tackle tax cheats

Finance ministers and tax chiefs from 51 countries signed an agreement on Wednesday to automatically swap tax information, which Germany's finance minister said heralded the end of tax evasion via secret bank accounts.

China's October official PMI edges down to 50.8

China's factory sector grew in October but at a pace that was slightly slower than expected, underlining the challenges facing the sector as manufacturers fight rising costs and softening demand in a cooling economy.

Dow, S&P 500 end at record highs; BoJ move adds fuel to rally

The Dow and S&P 500 ended at record highs on Friday and other indexes posted strong gains for a second week after the Bank of Japan's surprise move to ramp up its stimulus program.

Exxon, Chevron results boosted by refining as oil prices slip

A surge in refining profits boosted quarterly results at Exxon Mobil Corp (XOM.N) and Chevron Corp (CVX.N), helping to offset declining oil and gas production and falling crude oil prices.

U.S. consumer sentiment at highest since July 2007

U.S. consumer sentiment rose in October to its highest level since in more than seven years on growing optimism about the economy and more favorable personal financial expectations, a survey released on Friday showed.

Daimler, VW dampen speculation about imminent CEO succession

Succession is not an imminent topic at Daimler or Volkswagen, the chief executives of both carmakers said on Thursday, adding that any potential candidates would most likely come from within their respective companies.

America Movil, Telefonica, Oi to bid for Brazil's TIM: report

Mexico's America Movil SAB, Spain's Telefonica SA and Brazil's Grupo Oi SA agreed to place a bid for and to break up TIM Participações SA (TIMP3.SA), Brazil's second-largest wireless carrier, Folha de S. Paulo reported on Friday without saying how it obtained the information.

Futures rally after BOJ ramps up stimulus

U.S. stock index futures rallied on Friday alongside most markets globally after the Bank of Japan significantly ramped up its stimulus program just days after the U.S. Federal Reserve wound down its own package of economic incentives.

Big money crops up in small elections in the United States

Political groups that took advantage of loosened campaign-finance rules spent hundreds of millions of dollars in the 2012 U.S. presidential election. This year, they're cropping up in state and local races as well.

Sony reports narrower second-quarter loss than estimated on strong PlayStation 4 sales

Japan's Sony Corp reported a second-quarter operating loss on Friday that was narrower than analysts had estimated, as blockbuster sales of its PlayStation 4 games console reduced the impact of a sluggish smartphone division.

Japanese life insurers see further, slower shift to foreign bonds

Japanese life insurers are looking to buy more foreign bonds in the six months to March as yields on domestic bonds have fallen to uneconomical levels due to the Bank of Japan's massive purchases as part of its monetary easing program.

Lack of mechanics threatens U.S. Air Force target date for F-35

The U.S. Air Force may miss its target of August 2016 to start using the Lockheed Martin Corp F-35 fighter jet in combat if Congress blocks the service's plan to retire its A-10 tank-killer aircraft, a top U.S. general said Thursday.

Apple's Cook: 'I'm proud to be gay'

Apple Inc (AAPL.O) CEO Tim Cook on Thursday became the most prominent American corporate leader to come out as gay, saying he was trading his closely guarded privacy for the chance to help move civil rights forward.

Asia shares edge up on brightening U.S. prospects, BOJ awaited

Asian shares ticked higher on Friday on Wall Street's cheer after upbeat U.S. growth data, while the dollar traded around four-week highs against the yen as investors awaited the outcome of the Bank of Japan's monetary policy meeting.

Twitter product chief sidelined as user engagement slides

Twitter Inc has sidelined the product chief it recently poached from rival Google Inc, in the latest executive reshuffle at the online messaging service, according to a source familiar with the situation.

Android co-founder Andy Rubin to leave Google

Google Inc said on Thursday that Andy Rubin, co-founder of its Android mobile business and head of its nascent robotics effort is leaving the company.

GE plans stake sale in two South Korean finance JVs

General Electric Co is planning to divest stakes in its joint venture auto-financing and credit card businesses in South Korea, people familiar with the matter told Reuters, as the U.S. conglomerate continues to trim its exposure to the financial services sector.

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