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GM posts higher-than-expected profit on strong North American demand
DETROIT (Reuters) - General Motors Co on Thursday posted a higher-than-expected profit for the third quarter on strong demand in its home North American market and in China. Net income rose to $1.38 billion, or 81 cents a share, from $698 million, or 45 cents a share, a year earlier. Excluding one-time items, GM earned 97 cents a share, 2 cents above what analysts polled by Thomson Reuters I/B/E/S had expected. The quarter included $300 million in special items for flood damage sustained at the company's technical center outside Detroit and the writedown of assets in Russia. ...

Stock futures inch up, indicating rebound; earnings awaited
By Ryan Vlastelica NEW YORK (Reuters) - U.S. stock index futures were higher on Thursday, implying a rebound from the previous session as investors used the drop to add to positions and looked ahead to the release of some key corporate reports for further incentives. * Major indexes traded higher for much of Wednesday's session but turned lower in afternoon trading, pressured in part by a shooting at the Canadian parliament. * AT&T Inc fell 1. ...

U.S. prosecutors probe Takata Corp over statements: WSJ
NEW YORK (Reuters) - U.S. federal prosecutors are trying to determine whether Japanese auto parts maker Takata Corp misled U.S. regulators about the number of defective air bags it sold to automakers, including Toyota Motor Corp and Honda Motor Co Ltd , The Wall Street Journal reported on Wednesday. Word of the investigation follows a notice on Tuesday from the U.S. auto regulator, the National Highway Traffic Safety Administration, which increased the number of cars potentially affected by defective air bags made by Takata to at least 7.8 million, up from the roughly 4. ...

Business activity improves in China, euro zone but little sign of turnaround
By Jonathan Cable and Koh Gui Qing LONDON/BEIJING (Reuters) - Euro zone businesses performed much better than forecasters expected this month and China's vast factory sector grew a shade faster but there were worrying signs that the upturn could be short-lived. ...

Honda executives to take pay cut after fifth Fit hybrid recall
By Chang-Ran Kim TOKYO (Reuters) - Honda Motor Co said on Thursday its president and 12 other executives would take an unprecedented, quality-related pay cut after the Japanese automaker announced the fifth recall in a year of its new Fit hybrid model. The recall, which covers 425,825 Fit hybrid vehicles and other models in Japan, comes as Honda is facing lawsuits due to accidents involving airbags supplied by Takata Corp . The airbags have been linked to four deaths - all on Hondas - and have triggered a multi-million vehicle recall by many automakers worldwide. ...

Tesco scraps profit outlook as accounting black hole deepens
By James Davey and Neil Maidment LONDON (Reuters) - Tesco reported a bigger than expected hole in its finances on Thursday after finding accounting mistakes had gone back further than initially thought, forcing Britain’s biggest grocer to scrap its full-year profit outlook. Tesco, once the unstoppable juggernaut of the British retail sector, has lost half of its market value this year after the accounting misstatement compounded earlier profit warnings to create a sense of panic at Britain's biggest private employer. Chief Executive Dave Lewis, drafted in on Sept. ...

Europes banks face moment of truth from ECB review
By Laura Noonan and Eva Taylor LONDON/FRANKFURT (Reuters) - At around noon on Thursday, the euro zone's 130 biggest banks will receive the European Central Bank's final verdict on their finances after a review aimed at drawing a line under persistent doubts about the health of the region's banking sector. Most banks already have a good idea of how they have fared in the region's most comprehensive ever bank tests, after getting "partial and preliminary" results from the ECB in recent weeks. But the final numbers were only agreed by senior regulators and supervisors late on Wednesday. ...

Nissan recalling 260,000 vehicles globally with Takata air bags
TOKYO (Reuters) - Nissan Motor Co said on Thursday it is recalling 260,000 vehicles globally due to a defect in driver-side air bags made by Takata Corp. The Japanese parts maker is at the center of a burgeoning number of recalls over air bags that could spray shrapnel at occupants. The recalls affect Nissan's March model, called Micra in Europe, and the Cube, a Nissan spokesman said. They are chiefly in Japan, with 104,905 cars, 30,000 in Europe and 11,000 in China, he said. The Japanese recall covers models from 2008 to 2012, he said. ...

Buffett copycats risk a pounding as Berkshire portfolio suffers
By Luciana Lopez NEW YORK (Reuters) - It's not been a good time for Warren Buffett wannabes. Sharp drops in many of the stocks owned by Buffett's Berkshire Hathaway in recent weeks hit the sprawling conglomerate's equity portfolio hard. The loss on seven of those holdings alone totals more than $5 billion provided Berkshire's stakes have remained the same since June 30, the last date for which they were disclosed. In particular, Berkshire's been stung by large holdings in IBM and long-time Buffett favorite Coca-Cola, both of which tumbled after disappointing third-quarter results. ...

Pilots propose talks with Lufthansa over pay, retirement benefits
FRANKFURT (Reuters) - German pilots' union Vereinigung Cockpit (VC) has proposed restarting talks with Lufthansa over pay and early retirement benefits but does not rule out further strikes during the negotiations. The dispute has resulted in eight strikes at Lufthansa this year, the latest one lasting for 30 hours earlier this week and affecting thousands of passengers. In a sign of movement in the row, the union has now proposed talks led by a mediator, it said in a letter seen by Reuters. In response, Lufthansa said it was pleased that VC had signaled it wished to enter talks. ...

Social Security benefits to go up by 1.7 percent
More than 56 million Social Security recipients will see their monthly payments go up by 1.7 percent next year.

3 Signs of You Becoming a Thought Leader
The phrase thought leader instantly sparks up names like Timothy Ferriss, Guy Kawasaki, and all the successful bloggers throughout the World. Im not keen on considering myself as a thought leader, but I do seem to have quite the community behind my name to support that claim, thats always nice!Thought leaders dont get manufactured overnight,...

5 Secrets to Building a Successful Mobile Application
The mobile industry will forever change how we consume information around the World, unsurprisingly - we will probably experience similar changes to local communities, neighborhoods. I just read an article that says that the mobile gaming industry will soon overtake console gaming market, I wonder what those investors are starting to feel...

Apple dumps SSL 3.0 for push notifications due to POODLE flaw
Apple will switch to the TLS encryption standard after disclosure of vulnerability that could expose encrypted data.>

Camera made from one tiny Lego brick actually works
A simple hack turns an itsy-bitsy Lego brick into a working pinhole camera that turns out photos minifigs can enjoy.>