Wall St. edges up in low volume, boosted by tech shares
NEW YORK (Reuters) – U.S. stocks rose slightly on Tuesday, supported by upbeat consumer and housing data, with gains in technology shares lifting the Nasdaq Composite to a record close.
U.S. regulators open investigation on 2007-2009 Ford Fusion
DETROIT (Reuters) – U.S. safety regulators are investigating Ford Motor Co’s Fusion and Mercury Milan sedans from the 2007 to 2009 model years for brakes that may fail in certain conditions, the National Highway Traffic Safety Administration said on T…
Amazon calls 2016 holiday season its best ever; shares rise
(Reuters) – Amazon.com Inc said it shipped more than 1 billion items worldwide this holiday season, which the top online retailer called its best ever, and its shares rose 1.6 percent in afternoon trade.
Venezuela says to cut 95,000 bpd crude output in OPEC deal
CARACAS (Reuters) – Venezuela said on Tuesday it will cut 95,000 barrels per day of oil production in the New Year in fulfillment of a producers’ deal to reduce global output and strengthen prices.
Mexico gasoline prices to rise as much as 20.1 percent in January: government
MEXICO CITY (Reuters) – Mexican gasoline prices will rise by as much as 20.1 percent next month compared to the highest recorded prices in December, the government said on Tuesday, as part of a program to end years of government-set prices at the pump….
L’Oreal steps up investments in digital start-ups
PARIS (Reuters) – French cosmetics giant L’Oreal said on Tuesday it was investing in an early stage fund managed by private equity firm Partech Ventures, making its second investment in digital and technology start-ups in less than a year.
Panasonic to invest over $256 million in Tesla’s U.S. plant for solar cells
TOKYO (Reuters) – Panasonic Corp will invest more than 30 billion yen ($256 million) in a New York production facility of Elon Musk’s Tesla Motors to make photovoltaic (PV) cells and modules, deepening a partnership of the two companies.
Italy $20.9 billion fund sufficient for all banks under observation: Treasury source
ROME (Reuters) – Twenty billion euros earmarked by the Italian government would be enough to cover funding requirements at all the ailing banks currently under observation by the Treasury and the Bank of Italy, a Treasury source said on Tuesday.
U.S. consumers ebullient; home prices gain
(Reuters) – U.S. consumer confidence shot to its highest in more than 15 years in December as Americans saw more strength ahead in business conditions, stock prices and the job market following the election of Donald Trump as president in November.
U.S. mutual fund trustees feel the heat of investor lawsuits
BOSTON (Reuters) – Before New York’s famed 21 Club steakhouse drew attention in November for hosting Donald Trump, the wealthy U.S. president-elect, it quietly fed other public representatives: trustees of Paris-based AXA SA investment funds.
