Stock Market Today -- VW Scandal Results in Slowing New Car Sales in Europe
New car sales slowed in Europe in October, following the emissions scandal at Volkswagen (VLKAY) .
New car registrations, a reflection of sales, in the European Union rose 2.9% in October to 1.1 million vehicles. This was the slowest rate of growth since May.
Greece reached a tentative deal with its creditors over measures to be implemented for the country to get the next tranche of money from its third bailout. The talks had been dragging on since an initial deadline of mid-October was exceeded.
Revenue from commodities-related activities fell by 17% at the top 10 investment banks in the first nine months of the year, underscoring the strain placed on various businesses by the slump in commodity prices.
Europe's second-largest low-cost airline, EasyJet (ESYJY) , said it would buy more planes after its profit jumped by 22% in its financial year, which ended in September. Management said it would increase the dividend by 22%.
The Kremlin confirmed that a bomb brought down a plane bound for St. Petersburg that crashed in Egypt last month, killing all 224 people on board. The head of the Russia's security service FSB said it was a "terrorist act."