U.S. new home sales post largest drop in nearly 1-1/2 years
WASHINGTON, Jan 25 (Reuters) – Sales of new U.S. single-family homes fell more than expected in December, recording their biggest drop in nearly 1-1/2 years, likely as the boost from the replacement of flood-damaged houses in parts of the South affecte…
Wall Street gains on solid earnings, dollar drop
NEW YORK (Reuters) – U.S. stocks opened higher on Thursday, buoyed by solid earnings reports and a decline in the dollar after comments from European Central Bank President Mario Draghi.
Nestle, Atari settle lawsuit over Kit Kat campaign
(Reuters) – Nestle SA has settled a lawsuit in which Atari SA accused the Swiss food company of using the hit 1970s video game “Breakout” without permission to sell Kit Kat bars.
Caterpillar profit beats estimates on buoyant global demand
(Reuters) – Caterpillar Inc’s profit trounced forecasts for the seventh straight quarter on Thursday as buoyant global demand from construction, mining and energy industries drove a 35-percent surge in equipment sales.
Exclusive: J&J out of race for Pfizer’s $20 billion consumer unit as deadline looms
LONDON/NEW YORK/FRANKFURT (Reuters) – Johnson & Johnson has pulled out of the race to buy Pfizer’s consumer health business, leaving GlaxoSmithKline and Reckitt Benckiser among those preparing bids, according to sources familiar with the matter.
U.S. jobless claims rise from 45-year low; labor market tightening
WASHINGTON (Reuters) – The number of Americans filing for unemployment benefits rebounded from a 45-year low last week, though by less than expected, pointing to tightening labor market conditions.
American Airlines profit falls as labor, fuel costs surge
NEW YORK (Reuters) – American Airlines on Thursday reported an 11 percent drop in quarterly profit from a year earlier as labor and fuel costs bloated operating expenses, sending shares lower in premarket trading. American, the No. 1 U.S. carrier …
U.S. jobless claims increase less than expected
WASHINGTON (Reuters) – The number of Americans filing for unemployment benefits rose less than expected last week, pointing to tightening labor market conditions.
Home Depot to pay staff bonus after tax overhaul
(Reuters) – Home Depot Inc said it would give its U.S. employees a new one-time cash bonus of up to $1,000 for hourly associates in the fourth quarter as the home improvement store chain takes advantage of changes in the U.S. tax code.
Caterpillar profit beats again as sales surge 35 percent
(Reuters) – Caterpillar Inc trounced forecasts for profit for the seventh straight quarter on Thursday as buoyant global demand and the recovery of commodities markets drove a 35 percent surge in sales of its construction and mining equipment.
