Business

  • From virtual reality to stars, five highlights from Comic-Con Published in: 28 July 2014 Ford raises F-150 prices, dealers begin ordering 2015 models

    U.S. and Canadian dealers on Monday began ordering 2015 Ford Motor Co F-150 pickup trucks, which are lighter than earlier models, priced higher and include additional standard features, the company said. The launch of the new trucks with aluminum bodies is key for Ford as the F-150 pickups have been the best-selling vehicles in North […]

  • U.S. jobless claims lowest since early 2006; new home sales tumble Published in: 24 July 2014 U.S. jobless claims lowest since early 2006; new home sales tumble

    The number of Americans filing new claims for unemployment benefits fell to the lowest level in nearly 8-1/2 years last week, suggesting the labor market recovery was gaining traction. But other data on Thursday showed factory activity cooling this month and new homes sales tumbling in June. Given the volatility of new home sales data, […]

  • GM's profit falls on recall costs, victims' compensation fund Published in: 24 July 2014 GM’s profit falls on recall costs, victims’ compensation fund

    General Motors Co (GM.N) reported a much lower second-quarter profit on Thursday due to numerous recalls and the expected cost of at least $400 million for a compensation fund for those killed or injured by a defective ignition switch linked to at least 13 deaths. GM also reiterated that it expected a moderately improved operating […]

  • U.S. consumer inflation rises on high gasoline price Published in: 22 July 2014 U.S. consumer inflation rises on high gasoline prices

    U.S. consumer prices rose in June as the cost of gasoline surged, but the underlying trend remained consistent with a gradual build-up of inflationary pressures. The Labor Department said on Tuesday its Consumer Price Index increased 0.3 percent last month, with gasoline accounting for two-thirds of the gain, after May’s 0.4 percent rise. In the […]

  • Court deals blow to Obama health law by limiting subsidies Published in: 22 July 2014 Pace of U.S. home resales rises to eight-month high

    U.S. home resales rose in June to their fastest pace in eight months, a signal that the housing market was pulling out of a slump. The National Association of Realtors said on Tuesday existing home sales increased 2.6 percent to an annual rate of 5.04 million units. That was above analysts’ expectations and marked the […]

  • Exclusive: Vatican dispute sheds light on HP case in troubled Autonomy deal Published in: 18 July 2014 Exclusive: Vatican dispute sheds light on HP case in troubled Autonomy deal

    The Vatican has become enmeshed in a struggle between Hewlett-Packard Co and Michael Lynch, the former CEO of the UK software company Autonomy Corp bought by HP in 2011 in a deal that led to a big loss for the U.S. technology giant. An argument over the proposed use of Autonomy’s software to help digitize […]

  • U.S. consumer sentiment dips in preliminary July reading Published in: 18 July 2014 U.S. consumer sentiment dips in preliminary July reading

    U.S. consumer sentiment dipped in early July while an index of consumer expectations weakened for a third straight month, a survey released on Friday showed. The Thomson Reuters/University of Michigan’s preliminary July reading on the overall index on consumer sentiment came in at 81.3, below both the consensus analyst expectation of 83 and the final […]

  • Fed comments on valuation fall flat with U.S. fund managers Published in: 17 July 2014 Fed comments on valuation fall flat with U.S. fund managers

    Fed Chair Janet Yellen may have surprised the markets this week by noting that valuations in some parts of the U.S. stock market look stretched but mutual fund managers mostly greeted her comments with a shrug. Social media, small company and biotech stocks fell broadly Tuesday after the Federal Reserve noted that forward price to […]

  • Shire, AbbVie to announce $53 billion merger by Friday: sources Published in: 17 July 2014 Shire, AbbVie to announce $53 billion merger by Friday: sources

    Shire Plc (SHP.L) and U.S. drugmaker Abbvie Inc (ABBV.N) plan to announce a $53 billion merger as soon as Friday morning, two people said on Thursday. Dublin-based Shire, which sells drugs for rare diseases, said earlier this week it was ready to recommend a deal to shareholders after AbbVie increased its offer. AbbVie, which is […]

  • BlackRock's second-quarter profit rises 11 percent Published in: 16 July 2014 BlackRock’s second-quarter profit rises 11 percent

    BlackRock Inc (BLK.N), the world’s largest money manager, reported an 11 percent jump in second-quarter profit on Wednesday, boosted by strong markets that helped drive flows into its funds across asset classes and regions. The New York-based asset manager reported net income of $808 million, or $4.72 per share, up from $729 million, or $4.19 […]

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