Business

  • Wall Street flat at record highs, valuations seen reasonable Published in: 27 August 2014 Wall Street flat at record highs, valuations seen reasonable

    U.S. stocks were flat on Wednesday as investors found few reasons to extend a rally that has taken indexes to repeated records, even though market valuations were not seen as unduly stretched. The S&P 500 closed above 2,000 for the first time on Tuesday, while the Dow Jones industrial average also ended near a record […]

  • Deutsche Bahn sues airlines in U.S. over 1999-2006 price fixing Published in: 19 August 2014 Deutsche Bahn sues airlines in U.S. over 1999-2006 price fixing

    Deutsche Bahn [DBN.UL] is suing airlines in the United States for operating a price-fixing cartel affecting its freight business between 1999-2006, the German transport company told Reuters. The airlines’ price fixing was first exposed seven years ago and triggered fines of 800 million euros in the European Union in 2010 and a fine of $1.5 […]

  • Wall St. rises on Home Depot and Apple; data helps Published in: 19 August 2014 Wall St. rises on Home Depot and Apple; data helps

    U.S. stocks advanced on Tuesday after solid earnings from Home Depot helped lift retailers’ shares and Apple touched $100 for the first time since its stock split this summer. Data on housing and inflation gave the market more support. Home Depot Inc (HD.N) gained 6 percent to $88.66, marking the stock’s largest percentage gain since […]

  • Electrolux in talks to buy GE's appliances business Published in: 14 August 2014 Electrolux in talks to buy GE’s appliances business

    World number two home appliances maker Electrolux said on Thursday it was in talks to buy General Electric’s household appliances business. People familiar with the matter had said earlier in the day that GE was in talks with the Swedish group and other parties to sell the unit. “AB Electrolux today confirmed that it is […]

  • U.S. retail sales pause, seen rebounding in months ahead Published in: 13 August 2014 U.S. retail sales pause, seen rebounding in months ahead

    U.S. retail sales unexpectedly stalled in July, pointing to some loss of momentum in the economy early in the third quarter. But with job growth holding sturdy, sales activity was likely to rebound in the coming months, economists said. The Commerce Department said on Wednesday that retail sales, which had increased 0.2 percent in June, […]

  • Philip Morris prepared to sue UK over plain cigarette packaging Published in: 12 August 2014 Philip Morris prepared to sue UK over plain cigarette packaging

    Philip Morris International, the world’s largest tobacco company, is prepared to sue the British government should it implement a law requiring plain packaging of cigarettes, a document seen by Reuters on Tuesday showed. The UK government has conducted a consultation with its Department of Health on potential legislation which would force cigarette makers to sell […]

  • ValueAct takes $1 billion stake in 21st Century Fox Published in: 11 August 2014 ValueAct takes $1 billion stake in 21st Century Fox

    Hedge fund ValueAct Capital LLC said it had taken a $1 billion stake in Rupert Murdoch-controlled film and TV company Twenty-First Century Fox Inc. Fox withdrew its $80 billion bid to buy Time Warner last week after being rebuffed by the owner of CNN, HBO and Warner Bros studios. Murdoch said he has no plans […]

  • U.S. watchdog calls bitcoin 'Wild West' of finance Published in: 11 August 2014 U.S. watchdog calls bitcoin ‘Wild West’ of finance

    Virtual currencies such as bitcoin are the “Wild West” of financial products because of risks including huge swings in exchange rates, the U.S. Consumer Financial Protection Bureau said on Monday. “Virtual currencies are not backed by any government or central bank, and at this point consumers are stepping into the Wild West when they engage […]

  • T-Mobile CEO plans to unseat No 3 U.S. carrier Sprint this year Published in: 7 August 2014 T-Mobile CEO plans to unseat No 3 U.S. carrier Sprint this year

    T-Mobile US (TMUS.N) plans to overtake Sprint Corp (S.N) as the No. 3 wireless U.S. carrier in subscribers by the end of the year, Chief Executive Officer John Legere, tweeted on Thursday. The declaration came a day after T-Mobile announced it surpassed Sprint as the No. 1 wireless provider for prepaid customers, with 15.64 million […]

  • U.S. jobless claims fall; four-week average hits 8-1/2-year low Published in: 7 August 2014 U.S. jobless claims fall; four-week average hits 8-1/2-year low

    The number of Americans filing new claims for unemployment benefits unexpectedly fell last week, pointing to a further strengthening of labor market conditions. Initial claims for state unemployment benefits decreased by 14,000 to a seasonally adjusted 289,000 for the week ended Aug. 2, the Labor Department said on Thursday. The prior week’s claims were revised […]

  • Pages:
    1234