U.S. new home sales race to nearly 10-year high in September
WASHINGTON (Reuters) – Sales of new U.S. single-family homes unexpectedly rose in September, hitting their highest level in nearly 10 years, offering hope that the housing market was regaining speed after appearing to stall recent months.
Japanese carmakers warm to EVs, but still see role for hydrogen
TOKYO (Reuters) – Japanese automakers are finally embracing electric cars, showcasing concepts ranging from compact sportscars to all-wheel-drive mini SUVs at this week’s Tokyo Motor show, although they haven’t given up on alternative technologies.
Wall St. pauses on downbeat earnings
(Reuters) – Wall Street was slightly lower on Wednesday after a barrage of lackluster earnings reports from companies, including AT&T, and Dow component Boeing weighed after revealing a surprise charge in the latest quarter.
U.S. House speaker says tax plan unlikely to swell deficit: Reuters interview
WASHINGTON (Reuters) – The U.S. Republican tax cut plan that President Donald Trump wants passed by the end of the year is unlikely to trigger a big deficit expansion because it will spur more investment and job growth, House of Representatives Speaker…
Coke’s North American sales rise fuels market share gains over Pepsi
(Reuters) – Coca-Cola Co topped profit and revenue estimates for the third quarter on a 3 percent rise in North American sales, gaining market share over arch rival PepsiCo Inc as it sold more Sprite, teas and coffees.
Tepid earnings to pressure Wall Street at open
(Reuters) – Wall Street looked set to open slightly lower on Wednesday as the U.S. corporate earnings season hit its peak, with a handful of companies including Chipotle Mexican Grill and AMD reporting lackluster results overnight.
Citigroup plans hiring drive as it re-enters Saudi Arabia
RIYADH (Reuters) – Citigroup wants to hire up to 20 bankers in Saudi Arabia, where it plans to formally begin operations in the first quarter after obtaining an investment banking license in the kingdom, a senior executive said.Saudi Arabia’s economic…
Boeing ups forecasts, takes further air tanker charge
(Reuters) – Boeing Co racked up a further $329 million charge for its troubled KC-46 aerial refueling tanker program in quarterly results on Wednesday, paring gains in profit margins compared with a year ago and prodding its shares lower.
Coca-Cola beats on higher U.S. sales of Sprite, non-soda drinks
(Reuters) – Coca-Cola Co reported better-than-expected profit and revenue for the third quarter as North America sales rose 3 percent on higher demand for Sprite, tea and coffee.
Chipotle recovery seen dragging on, shares sink
(Reuters) – Chipotle Mexican Grill Inc’s shares were set to open at a near five-year low, a day after the burrito chain reported disappointing results, indicating that investors would have to wait much longer than expected for sales and profit to reco…
