Stocks edge up at open, Caterpillar lags
NEW YORK (Reuters) – Stocks rose at the open after comments from a Federal Reserve official suggested the central bank was not done taking action to stimulate the economy, but a pessimistic outlook from Caterpillar kept the advance in check.
Analysis: Dow transports raise warning flag for U.S. economy
NEW YORK (Reuters) – A slew of profit warnings from transportation companies like FedEx Corp and Norfolk Southern Corp is raising questions about whether the overall market will end this year on a high note.
Consumer confidence at seven-month high in September
NEW YORK (Reuters) – Consumer confidence jumped to its highest level in seven months in September as Americans were more optimistic about the job market and income prospects, a private sector report showed on Tuesday.
Europe must take "deep breath" and enact reforms: Merkel
BERLIN (Reuters) – Chancellor Angela Merkel said on Tuesday that Europe could only hope to come out of its crisis stronger and compete in a globalised world if its members pressed ahead with painful reforms and moved to more responsible budget policies…
Home prices rise less than expected in July: S&P
NEW YORK (Reuters) – U.S. single-family home prices rose for a sixth month in a row in July, though the improvement was not as strong as expected, a closely watched survey showed on Tuesday.
Mexican economy grows faster than expected in July
MEXICO CITY (Reuters) – Mexico’s economy expanded by a seasonally adjusted 0.7 percent in July from June, the national statistics agency said on Tuesday, compared with 0.2 percent growth forecast in a Reuters poll and 0.9 percent growth in June.
Chevron says Richmond repair time unknown
RICHMOND, California (Reuters) – Chevron Corp needs a few more weeks to assess damage at its plant in Richmond, California, and does not yet know how long it will need to repair its crude unit after an early August fire damaged the state’s second-bigg…
NY Times to sell interest in Indeed, record $100 million gain
(Reuters) – The New York Times Co will sell its remaining interest in online jobs search website Indeed.com, which is being acquired by Japan’s executive search firm Recruit Co Ltd for an undisclosed amount.
Caterpillar pares bullish 2015 view on "anemic" economy
LAS VEGAS (Reuters) – Caterpillar Inc cut its 2015 earnings forecast on Monday, becoming the latest heavyweight in Corporate America to sound alarms on the sluggish global economic recovery.
U.S. gives Shell OK to begin oil drilling prep in Beaufort Sea
WASHINGTON (Reuters) – With Royal Dutch Shell’s plans to tap Arctic oil this year on hold, the Obama administration on Thursday said it would allow the company to begin some preliminary drilling in Alaska’s Beaufort Sea.
