Global Glance: Paris climate pact set to enter force; Investment firms to combine

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Here are today’s top business headlines from across the nation and world:

Paris climate pact set to enter force after EU greenlight

BRUSSELS (AP) — The landmark Paris climate change pact is poised to enter into force around the world after European Union lawmakers endorsed the agreement. In the presence of U.N. Secretary-General Ban Ki-Moon, the lawmakers voted Tuesday by 610 to 38 with 31 abstentions for the 28 EU nations to simultaneously ratify the agreement to limit global warming. Read more

Investment firms Henderson and Janus to combine

NEW YORK (AP) — Henderson, a London-based investment firm, plans to combine with U.S. rival Janus Capital and create a new company that would manage more than $320 billion in assets. The combined company will be called Janus Henderson Global Investors and its stock will be traded on the New York Stock Exchange when the deal closes, which is expected to happen in the second quarter of next year. The new company will be headquartered in London and keep offices in Denver, where Janus is based. Read more

US factory activity picked up in September

WASHINGTON (AP) — U.S. manufacturing rebounded in September after contracting in August. New orders and production at factories increased, although employment fell – a sign that manufacturers have yet to fully stabilize after a difficult year. The Institute for Supply Management said Monday that its manufacturing index rose to 51.5 in September from 49.4 in August. Any reading above 50 signals expansion. Read more

Facebook launches new ‘marketplace’ for buying, selling

NEW YORK (AP) — Facebook says some 450 million people use its site – mainly the “Groups” feature – to buy and sell stuff locally, anything from cars to baby clothes to furniture. Now, the company is launching a separate “marketplace” section that seeks to make it easier to do this. The last time Facebook tried its hand at such a marketplace was nine years ago, and it didn’t really go anywhere. Like Facebook itself at the time, it was a desktop computer-only product. The latest effort, or course, works on mobile devices, so it’s easier to snap a photo of the item you are selling and upload it on the site. Read more

In VP debate, Pence gets tasked with cleaning up for Trump

WASHINGTON (AP) — In Tuesday’s vice presidential debate, Indiana Gov. Mike Pence will step into a role that has become all too familiar during his time as Donald Trump’s running mate: clean-up duty. Pence’s task has perhaps never been more critical than on the debate stage at Virginia’s Longwood University, where he’ll face off Tuesday evening against Sen. Tim Kaine, the Democratic nominee Hillary Clinton’s No. 2. Read more

Ericsson cuts 3,000 jobs in Sweden, reduces operations

STOCKHOLM (AP) — Ericsson said Tuesday it will cut 3,000 jobs in Sweden, or nearly 20 percent of its local workforce, and will downsize operations at several plants as part of its global plan to cut costs by 9 billion kronor ($1 billion) in 2017. The Swedish networks company employs 115,000 people globally, of which 16,000 are in Sweden, and said the layoffs are a necessary part of its transformation to meet “fast technology shifts and the digitalization of the telecom industry.” The cuts will be made in research and development, sales and administration. Read more


Hospital chain Tenet to pay $513 million to settle kickback claims

ATLANTA (AP) — Texas-based Tenet Healthcare Corp. and two of its Atlanta subsidiaries have agreed to pay more than $513 million to resolve criminal and civil claims accusing the chain of paying kickbacks to steer pregnant Medicaid patients to their hospitals. Under a settlement announced Monday, the Tenet subsidiaries that previously operated Atlanta Medical Center and North Fulton Medical Center agreed to plead guilty in federal court to conspiracy to defraud the government, according to a statement from the U.S. Department of Justice. Read more


India’s central bank cuts key lending rate to 6.25 percent

NEW DELHI (AP) — India’s central bank cut its key interest rate by a quarter of a percentage point Tuesday, taking rates to the lowest they have been since late 2010. The announcement by the Reserve Bank of India reduced its repo rate to 6.25 percent. This is the rate at which the central bank lends to commercial banks. Read more


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