| | | |  | EVERYTHING YOU NEED TO KNOW, RIGHT NOW. #IBTPulse |
| | | Yet Another Argument For A Rate Hike | A report on the employment situation in the United States in October due Friday is expected to provide policymakers with yet another solid reason for a landmark rate hike in December, already made more plausible by recent comments from top Federal Reserve officials. |
| Warren Buffett-Led Berkshire Hathaway Set For Record Third-Quarter Profits | Berkshire Hathaway Co. is expected to record a $7 billion one-time accounting gain related to this year's merger of Kraft Heinz Co., in which the Warren Buffett-led company remains the biggest shareholder. However, these gains may be offset by weakness at some of its other holdings, including in the insurance sector. Record profits notwithstanding, investors will reportedly be more keen to hear about a succession plan from the 85-year-old investment icon. |
| Electrolux, GE To Take On Justice Department In Court | Come Monday, Sweden-based Electrolux and General Electric will take on the U.S. Department of Justice, which is seeking to scuttle a $3.3 billion merger between two of the world's top home appliance makers saying it violates U.S. antitrust laws. GE, which has decided to focus on industrial locomotives and jets, agreed to sell its home appliance division last September. The companies argue a combined entity will not enjoy a monopoly as they prepare to battle Asian giants LG and Samsung in the American market. |
| Toyota Plans $1 Billion Foray Into Autonomous Technology | As auto-industry outsiders Apple and Google seek to disrupt the sector with their self-driving cars, revered veteran Toyota has made clear its intention not to be left behind by announcing a $1 billion investment in artificial intelligence and robotics. However, the Japanese carmaker, which will create two innovation centers at Stanford University and the Massachusetts Institute of Technology, has said that its initial focus will be on car safety. |
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|  | | | HERE'S WHAT YOU MISSED LAST NIGHT. |
| | | Twitter Executive Apologizes, Calls For Workplace Diversity | Reacting to a former employee's (who is black) online post that complained about the challenges in introducing diversity to the workplace at the microblogging site operator, Twitter's head of engineering issued a personal apology and promised he'd work harder to make his team more inclusive, and called on his company and others to do the same. |
| The Fossil Fuel Industry-Lawmakers Nexus, With A Twist | An International Business Times investigation has revealed an innovative arrangement between oil industry executives and two lawmakers in Congress that involves a joint fundraising committee organized around specific public policy, appearing to link the influx of money from a powerful special interest to a particular set of legislative goals. |
| Obama Prepares To Sign Historic Trade Pact But Congress Remains Unconvinced | As reviews poured in about the pros and cons of what would be a historic trade pact with the potential to influence nearly half of the world's trade, U.S. President Barack Obama told Congress that he intends to sign the Trans-Pacific Partnership even as the latter prepared to conduct a "rigorous review" to examine if the agreement met its standards. |
| Brazil Mine Accident Claims Several Lives | A dam burst at an iron ore mine in southeastern Brazil, killing several people, damaging houses and triggering mudslides. Several more are injured and missing in the accident that may have bigger implications for a region known for its colonial-era towns and gold-rush history. The mine is operated by a company jointly owned by Brazil's Vale and Australia's BHP Billiton -- the world's largest mining company. The company's stock tumbled more than 5 percent after the incident. |
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