Bloomberg General Electric Co.’s new chief executive officer tried to reassure investors but the effort failed as a deep rout worsened and Wall Street’s confidence in the beleaguered company’s future continued to collapse. The shares tumbled as much as 10 percent as Larry Culp expressed a “sense of urgency” in cutting debt and selling assets. Speaking publicly for the first ...

Bloomberg Vodafone Group Plc shares jumped 7.1 percent after the mobile phone company’s new chief executive unveiled stro-nger than expected results in a fiercely competitive market and kept the dividend stable while he tries to rein in debt. Investors were already bracing for CEO Nick Read to end Vodafone’s policy of constant dividend growth after the $22 billion takeover over ...

Bloomberg UK wage growth accelerated to a near 10-year high, backing the Bank of England’s view that there is now no spare capacity in the labour market. Average earnings excluding bonuses rose 3.2 percent in the three months through September from a year earlier, the most since December 2008, the Office for National Statistics said on Tuesday. Unemployment unexpectedly rose ...