Consumer confidence slips; new home sales hit eight-month high
WASHINGTON (Reuters) – U.S. consumer confidence fell from a more than 16-year high in April, but a surge in new home sales to an eight-month high last month suggested underlying strength in the economy despite an apparent sharp slowdown in growth in th…
U.S. home prices rise faster than expected in February
NEW YORK (Reuters) – U.S. single-family home prices accelerated at a faster pace than expected in February, supported by a low inventory of housing stock, a survey showed on Tuesday.
April U.S. auto sales seen down nearly 2 percent: JD Power and LMC
DETROIT (Reuters) – U.S. auto sales in April likely fell almost 2 percent from a year earlier, with consumer discounts remaining at levels high enough to threaten the industry’s long-term health, industry consultants J.D. Power and LMC Automotive said …
Akzo Nobel backs its chairman, still studying PPG offer
AMSTERDAM (Reuters) – The chairman of Dutch paint-maker Akzo Nobel, Antony Burgmans, told shareholders at their annual meeting that the company is not yet ready to respond to a 26.9 billion takeover proposal by U.S. peer PPG Industries .
3M raises 2017 profit forecast; first-quarter results top estimates
(Reuters) – 3M Co , which makes Scotch tape and Post-it notes, raised its 2017 profit forecast and reported better-than-expected quarterly results, helped by growth across its major businesses.
Nasdaq tops 6,000 as earnings boost Wall St; U.S. tax code eyed
NEW YORK (Reuters) – The Nasdaq Composite hit a record high on Tuesday, while the Dow and S&P 500 brushed against recent peaks as strong earnings underscored the health of corporate America.
Coca-Cola to cut 1,200 jobs, boosts savings target
(Reuters) – Coca-Cola Co said on Tuesday it would cut about 1,200 jobs as the beverage maker expands its savings target amid falling demand for fizzy drinks globally.
Investors take another look at opinion polls after French vote
LONDON (Reuters) – Pollsters picked the two candidates to make it into next month’s French presidential election run-off, going some way to restoring their reputation in financial markets before other important votes across Europe.
Eli Lilly’s profit beats on demand for new drugs
(Reuters) – Eli Lilly and Co reported a bigger-than-expected quarterly adjusted profit as sales of its newest products, including a diabetes injection, more than doubled.
Valero Energy’s quarterly profit slumps 38.4 percent
(Reuters) – Valero Energy Corp , the largest U.S. oil refiner, reported a 38.4 percent fall in quarterly profit, hurt by weak margins in its core refining business.
