Business

U.S. profits could bounce in 2014 if economy gains steam

U.S. profits could bounce in 2014 if economy gains steam

By using Caroline Valetkevitch NEW YORK (Reuters) – A much better U.S. financial system might raise 2014 income and raise company spending, giving some relief to buyers concerned about bloated stock costs. Sooner economic growth must translate into better sales growth for the Standard & Terrible's 500 index, and that […]

 
 

GM counts on redesigned Canyon to pull sales from rivals

GM counts on redesigned Canyon to pull sales from rivals

By way of Ben Klayman DETROIT (Reuters) – General Motors Co will not thoughts if its new GMC Canyon steps on the toes of its greater cousin the Chevrolet Silverado, so long as the redesigned mid-sized pickup truck stomps on vehicle sales by means of other automakers. Executives at the […]

 
 

JPMorgan to pay over $2 billion to settle Madoff case

JPMorgan to pay over $2 billion to settle Madoff case

By using David Henry and Emily Flitter NEW YORK (Reuters) – JPMorgan Chase & Co will pay greater than $2 billion of penalties to settle expenses by U.S. federal authorities that it did not report suspicious task involving Bernard Madoff's Ponzi scheme. As a part of the deal, JPMorgan is […]

 
 

Wall St. gains in 2014′s first rally; healthcare leads

Wall St. gains in 2014′s first rally; healthcare leads

"We're getting a nice little snapback following a beautiful soggy first couple of days, which created some anxiety as a result of some people assume that units the tone for the 12 months," stated Nicholas Colas, chief market strategist of the ConvergEx Team in New York. "Quantity and information remain […]

 
 

Weak imports drive U.S. trade deficit to four-year lows

Weak imports drive U.S. trade deficit to four-year lows

With the aid of Lucia Mutikani WASHINGTON (Reuters) – The U.S. trade deficit fell to its lowest degree in four years in November as exports hit a document high and weak oil costs held down the import invoice, the most recent proof of strengthening economic fundamentals. "The record must dispel […]

 
 

Wall Street kicks off New Year on lower note

Wall Street kicks off New Year on lower note

By means of Chuck Mikolajczak NEW YORK (Reuters) – U.S. shares declined on Thursday as investors opened the 12 months on a cautious observe after the S&P 500 wrapped up its highest year on account that 1997, despite financial data pointing to continued growth in the economic system. The Institute […]

 
 

U.S. factory, jobs data show underlying strength in economy

U.S. factory, jobs data show underlying strength in economy

By way of Lucia Mutikani WASHINGTON (Reuters) – A gauge of U.S. manufacturing facility activity held near a 2-half-12 months excessive in December and the choice of American citizens submitting new claims for jobless advantages fell for a second week ultimate week, pointing to resilience in the financial system. Different […]

 
 

U.S. construction spending highest in nearly five years

U.S. construction spending highest in nearly five years

U.S. construction spending rose to its absolute best level in nearly five years in November as a surge in personal development tasks offset a drop in public outlays. Construction spending elevated 1 percent to an annual fee of $934.4 billion, the best possible stage due to the fact March 2009, […]

 
 

U.S. consumer mood brightens, but home price gains slow

U.S. consumer mood brightens, but home price gains slow

Via Steven C. Johnson NEW YORK (Reuters) – U.S. consumers’ temper more suitable as 2013 drew to a close, with many optimistic about their future job possibilities, whereas home costs rose again in October, although the % of positive aspects slowed. The info releases provided extra evidence of energy in […]

 
 

Wall St. rises; S&P 500 set for best year since 1997

Wall St. rises; S&P 500 set for best year since 1997

By way of Curtis Skinner NEW YORK (Reuters) – U.S. shares advanced modestly on Tuesday, boosted by a fantastic shopper self assurance reading, maintaining the S&P 500 on track for its very best yr considering that 1997 and the Dow on % to record its absolute best efficiency in view […]

 
 

Chinese recycling tycoon says he wants to buy New York Times

Chinese recycling tycoon says he wants to buy New York Times

Via Megha Rajagopalan BEIJING (Reuters) – An eccentric Chinese language recycling magnate stated on Tuesday he was making ready to open negotiations to buy the New York Times Co. Chen Guangbiao, a well-known philanthropist, is something of a celebrity in China. He said he anticipated to talk about the subject […]

 
 

Futures little changed; home sales data on tap

Futures little changed; home sales data on tap

By way of Chuck Mikolajczak NEW YORK (Reuters) – U.S. stock index futures had been little modified on Monday, within the wake of the perfect two-week strengthen for the S&P 500 in five months, and in advance of data on the housing market. The benchmark S&P 500 has risen 3.7 […]

 
 

SEC pushes US insurers for details on ‘captives’: WSJ

SEC pushes US insurers for details on ‘captives’: WSJ

(Reuters) – The U.S. securities regulator has asked life insurers to disclose the potential value of forcibly winding down in-home insurance coverage gadgets known as 'captives,' whose business version has come underneath regulatory radar, the Wall Side road Journal said. State insurance regulators, which approve these captive units, have prior […]

 
 

Crocs to receive $200 million from Blackstone, CEO to retire

Crocs to receive $200 million from Blackstone, CEO to retire

Crocs Inc stated Blackstone Workforce LP is making a $200 million investment so that it will supply the personal fairness firm a thirteen percent stake in the shoe firm. In exchange for the $200 million, Blackstone will receive most popular stock that can convert to well-liked stock in three years […]

 
 

Big year ends with Wall Street hopeful for 2014

Big year ends with Wall Street hopeful for 2014

The Dow Jones industrial moderate is up 26 percent while the Nasdaq is up nearly 38 percent. The weakest team, telecoms , rose 6.5 % whereas client discretionary led the yr with a gain of forty p.c.