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Cevian's Gardell: new cost cuts show Volvo on track to double digit margin  

STOCKHOLM, Oct 24 (Reuters) - Activist fund Cevian Capital, Volvo's second largest owner by votes, said third quarter results and plans for more cost cuts showed the Swedish truck maker was on track to reach a double digit profit margin. Christer Gardell, co-founder and managing partner of Cevian which owns Volvo stock totalling 13.3 percent of votes, told Reuters that Swedish group's new measures vouched for sharply higher profitability ahead....More
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US STOCKS-Wall St to open slightly lower on Amazon results, Ebola worry  

* Amazon tumbles, Microsoft climbs after earnings * New home sales data due (Adds quote, updates prices) By Chuck Mikolajczak NEW YORK, Oct 24 (Reuters) - U.S. stocks were set for a slightly lower open on Friday, putting the S&P 500 on track to cut its weekly advance, following disappointing earnings from Amazon and as the first diagnosed case of Ebola in New York City raised concerns about the spread of the virus....More
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Fitch Revises GKN's Outlook to Positive; Affirms at 'BBB-'  

(The following statement was released by the rating agency) WARSAW/LONDON, October 24 (Fitch) Fitch Ratings has revised UK-based auto and aerospace group GKN Holdings plc's (GKN) Outlook to Positive from Stable. Its Long-term Issuer Default Rating (IDR) and senior unsecured ratings have been affirmed at 'BBB-' while the Short-term IDR has been affirmed at 'F3'....More
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BRIEF-Ningbo Huaxiang Electronic's Q3 net profit up 88.9 pct  

Oct 24 (Reuters) - Ningbo Huaxiang Electronic Co Ltd * Says Q3 net profit up 88.9 percent y/y at 138.8 million yuan(22.69 million US dollar) Source text in Chinese: http://bit.ly/1uPkVSz Further company coverage: (1 US dollar = 6.1168 Chinese yuan) (Reporting by Hong Kong and Singapore newsrooms)...More
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BRIEF-Weifu High-Tech's Q3 net profit up 47.6 pct  

Oct 24 (Reuters) - Weifu High-Technology Group Co Ltd * Says Q3 net profit up 47.6 percent y/y at 398.9 million yuan(65.21 million US dollar) Source text in Chinese: http://bit.ly/1rsK2IV Further company coverage: (1 US dollar = 6.1168 Chinese yuan) (Reporting by Hong Kong and Singapore newsrooms)...More
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Asia, North America Bolster Delphi's Q3 Profit  

The supplier's third-quarter revenue grew 6% in North America, where U.S. auto sales posted their highest sales for the period in 10 years....More
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US STOCKS-Futures decline on weak Amazon results, Ebola concern  

* Amazon tumbles, Microsoft climbs after earnings * New home sales data due * Futures off: Dow 44 pts, S&P 7.25 pts, Nasdaq 16.5 pts (Updates prices, adds premarket actives) By Chuck Mikolajczak NEW YORK, Oct 24 (Reuters) - U.S. stock index futures fell on Friday, putting the S&P 500 on track to trim its weekly advance, following disappointing earnings from Amazon and as the first diagnosed case of Ebola in New York City raised concerns about the spread of the virus....More
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UPDATE 1-Higher demand from Europe, N. America boosts Lear's profit  

(Adds forecast, CEO quote, background, details) Oct 24 (Reuters) - Lear Corp, a maker of auto seats and electrical power systems, reported a better-than-expected rise in quarterly profit and raised its 2014 earnings forecast, reflecting robust vehicle production in North America and Europe. Lear shares were up 2 percent at $87.55 before the bell....More
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UPDATE 1-Ford's lower profit beats estimates; sales down on F-150 launch  

(Adds CFO comment, details, stock movement) By Bernie Woodall and Ben Klayman DETROIT, Oct 24 (Reuters) - Ford Motor Co's third-quarter earnings fell 34 percent but beat Wall Street expectations on a strong showing in North America even as revenue fell due to the cost of introducing the F-150 pickup truck....More
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BRIEF-Ford Motor Q3 earnings per share $0.21  

Oct 24 (Reuters) - Ford Motor : * Q3 earnings per share excluding items $0.24; Q3 earnings per share $0.21; Q3 net income $835 million versus $1.27 billion * Says Q3 included special charges of $160 million, largely for European restructuring * Q3 revenue $34.9 billion versus $35.8 billion last year * Says full year outlook for pretax profit unchanged at about $6 billion, excluding one-time items * Says all product launches, including new F-150 pickup truck, remain on track...More
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