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Ford Motor says will drop Pimco Total Return Fund from its 401k plan  

NEW YORK, Oct 21 (Reuters) - Ford Motor Co said on Tuesday the company will drop the Pimco Total Return Fund from its 401k plan as a result of the sudden departure of Bill Gross. Ford said in a statement to Reuters: "Ford Motor Company constantly monitors and assesses the performance of its investment lineup. Effective Nov. 14, 2014, the Pimco Total Return Fund is being removed from Ford's investment lineup." (Reporting By Jennifer Ablan; Editing by Chris Reese)...More
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UPDATE 1-More lawsuits filed against Honda, Takata over air bags  

(Adds U.S. House committee requests for information, paragraph 4) By Ben Klayman DETROIT, Oct 21 (Reuters) - The recall crisis is growing involving Takata-made air bags exploding with too much force and spraying vehicle occupants with metal shrapnel, with two more lawsuits filed over accidents in older Honda cars....More
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U.S. House panel seeks NHTSA briefing on Takata air bag defects  

WASHINGTON, Oct 21 (Reuters) - The U.S. House Energy and Commerce Committee has asked a federal regulator to provide a briefing on its investigation into automobile air bags manufactured by Takata Corp., a committee aide said on Tuesday. The aide also said that committee staffers plan to meet with auto manufacturers "to discuss supplier issues." Some of Takata air bags have deployed with too much force, spraying metal shrapnel onto drivers and resulting in severe injuries and some deaths....More
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UPDATE 1-Italian car parts maker Sogefi reports net loss, CEO steps down  

(Adds details) MILAN, Oct 21 (Reuters) - Italian car parts maker Sogefi reported on Tuesday a net loss for the first nine months of the year, hit by weakness in South America and costs for restructuring in Europe, and said Chief Executive Guglielmo Fiocchi would leave the company. Sogefi - one of the world's leading makers of engine systems and suspension components - said in a statement that the 51-year-old CEO and the company had "by common consent considered Fiocchi's management experience to have come to an end"....More
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US business borrowing for equipment rises in September - ELFA  

Oct 21 (Reuters) - U.S. companies' borrowing to spend on capital investment rose in September, the Equipment Leasing and Finance Association (ELFA) said. Companies signed up for $9.4 billion in new loans, leases and lines of credit last month, up 21 percent from a year earlier, according to data from ELFA. Borrowing rose 31 percent from August....More
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What to Watch in the Day Ahead - Wednesday, Oct. 22  

(The Day Ahead is an email and PDF publication that includes the day's major stories and events, analyses and other features. To receive The Day Ahead, Eikon users can register at . Thomson One users can register at RT/DAY/US. All times in ET/GMT) Wireless carrier AT&T Inc reports third-quarter earnings....More
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Sogefi reports net loss for 9-months, CEO steps down  

MILAN, Oct 21 (Reuters) - Italian car parts maker Sogefi on Tuesday reported a net loss for the first nine months of the year, hit by weakness in South America and restructuring costs, and said Chief Executive Guglielmo Fiocchi would leave the company. The group, one of the world's leading producers of engine systems and suspension components, reported a net loss for the first nine months of the year of 5.8 million euros ($7.4 million), down from a net profit of 23.8 million euros in the comparison period....More
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UPDATE 1-GT Advanced nears deal over Apple secrecy - lawyer  

(Adds details on hearing, background on company) By Nick Brown Oct 21 (Reuters) - A lawyer for GT Advanced Technologies Inc , a specialty glass supplier of Apple Inc, told a bankruptcy court on Tuesday the company was close to a settlement with the iPhone maker over access to information. Scant details have emerged since GT Advanced filed for bankruptcy on Oct. 6, wiping out most of its market value and triggering speculation as to what may have soured its relationship with Apple and torpedoed its prospects....More
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BRIEF-Valeo sales up 10% to 3.069 bln euros in Q3  

Oct 21 (Reuters) - Valeo : * Sales up 10 percent to 3.069 billion euros in Q3 * Confirms its objectives for 2014 Source text for Eikon: Further company coverage: (Gdynia Newsroom: +48 58 698 39 20)...More
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UPDATE 1-Parts maker Valeo's sales rise 10 pct, outpacing auto market  

(Adds CEO comment, background, details) PARIS, Oct 21 (Reuters) - French auto parts maker Valeo said third-quarter sales rose 10 percent as demand for its fuel-saving technologies outpaced vehicle production growth. Revenue rose to 3.069 billion euros ($3.9 billion) in July-September from 2.792 billion a year earlier, Valeo said in a statement on Tuesday, reaffirming full-year goals including an operating margin above 7 percent....More
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