Tesla third-quarter deliveries rise 49% year-on-year

Tesla Motors Inc. said Friday it delivered 11,580 vehicles in the third quarter, a 49% increase over the same quarter last year. Third-quarter deliveries included some Model X deliveries, the electric car maker said. Tesla said in July it delivered 11,507 Model S sedans in the second quarter, a 52% increase over the prior-year period and a company record. In August, however, the Silicon Valley company dialed back its full-year delivery expectations to 50,000 to 55,000 vehicles, from a previous forecast of 55,000 vehicles delivered in the year. Shares of Tesla reverted to losses after the deliveries number was released, and were recently down 0.3% in late trading Friday. Shares ended the regular trading day up 3.2%.

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Obama says he will no longer sign any short-term spending bills

WASHINGTON (MarketWatch) — President Barack Obama said Friday he will no longer sign any more short-term spending bills, after signing one into law to keep the federal government open this week. That bill funds the government through the early part of December. “It can’t flirt with another shutdown,” he said of Congress. Obama linked austerity created by the sequester to the slower-than-forecast 143,000 jobs created in September.

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U.S. stocks end week on high note, post weekly gains

U.S. stocks staged a strong rally on Friday, shrugging off a surprisingly weak jobs report which had led markets lower earlier in the session. Friday’s rally helped indexes end the volatile week with gains. The S&P 500 closed 27.53 points, or 1.4%, higher at 1,951.35 and recorded a 1% gain over the week. The Dow Jones Industrial Average jumped 200.36 points, or 1.2%, to 16,472.37 and was 1% higher for the week. The Nasdaq Composite advanced 80.69 points, or 1.7%, to 4,707.78 and ended with a 0.5% weekly gain.

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McDonald’s and Coca-Cola call for FIFA president to step down

McDonald’s Inc. , which is a FIFA World Cup Sponsor, called for FIFA President Joseph Blatter to step down Friday, saying public confidence in him has been falling in recent weeks. “We believe it would be in the best interest of the game for FIFA President Sepp Blatter to step down immediately so that the reform process can proceed with the credibility that is needed.” The call for him to step down comes after corruption scandals in the organization. Coca-Cola Inc. also called for Blatter to step down Friday, the Wall Street Journal reported. Coca-Cola is a marketing partner of FIFA.

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Scottrade says 4.6 million customer accounts breached

WASHINGTON (MarketWatch) — Retail brokerage Scottrade has informed clients that there was a breach of its systems that involved 4.6 million customers. In an email to clients cited by Krebs On Security, Scottrade said the focus of the unauthorized access, between late 2013 and early 2014, was contact information, though Social Security numbers, email addresses and other data was contained in the system that was accessed. Scottrade said it had no indication that suspect trading platforms or any client funds were compromised. The Scottrade email said federal law enforcement officials were investigating the theft of information at other financial services companies as well.

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Oil ends higher after rig-count data, but falls for the week

Oil futures settled higher on Friday on the back of a hefty weekly decline in the number of active U.S. rigs drilling for oil. Prices, however, finished the week with a loss of roughly 0.4% as traders fretted over the prospects for energy demand. November crude settled at $45.54 a barrel on the New York Mercantile Exchange, up 80 cents, or 1.8%, for the session after tapping lows under $44 in the wake of a disappointing U.S. jobs report.

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Gap Inc. hosting a seasonal hiring day on Oct. 17

Gap Inc. will host a seasonal hiring day for all of its brands – Gap, Banana Republic, Old Navy and Athleta – on Oct. 17 between 9 a.m. and 2p.m. local time. Additional information, including how many workers the company is looking for, will be provided in the coming days. In 2014, the company hired 63,000 seasonal workers.

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Fed’s Bullard still wants rate hike after jobs report

BOSTON (MarketWatch) — The weak September employment report did not persuade St. Louis Fed President James Bullard to change his call for a rate hike. In a speech in New York on Friday afternoon, Bullard said the prudent course of action for the U.S. central bank would be to start to increase interest rates. He said that a rate hike would extend the length of the current expansion. Bullard said the Fed has met its mandate of maximum employment and is closer to 2% annual inflation target than commonly thought based on the Dallas Fed’s trimmed mean inflation gauge which is running at a 1.7% annual rate. Bullard dismissed arguments that the Fed should pay attention to the weak global environment. He said policy should be based on domestic variables.

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Gold rallies for the session, but falls for the week

Gold futures settled sharply higher on Friday as a weaker-than-expected monthly U.S. jobs report raised the likelihood of a delay in an interest-rate hike by the Federal Reserve. December gold settled at $1,136.60 an ounce on Comex, up $22.90, or 2.1%, for the session. For the week, however, prices lost 0.8%.

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Fed’s Fischer: Housing market not overheated

BOSTON (MarketWatch) – The housing market is not overheated, but it would be useful if the U.S. central bank was given new tools to target housing finance if a bubble was building, said Federal Reserve Vice Chairman Stanley Fischer, on Friday. In a speech at a Boston Fed conference on financial stability, Fischer noted that the Bank of England has a number of tools unavailable to the Fed, including limits on loan-to-value and debt-to-income ratios for mortgage lending. Overall, Fischer said he did not see “acute risks to financial stability in the near term.” Because the U.S. toolkit to address financial stability is not large and not yet battle tested, there may be times when interest rate policy should be discussed as a means to curb risks to financial stability, he said.

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