Exclusive: Blackstone challenges Honeywell with JDA financing plan – sources
(Reuters) – Blackstone Group LP has offered a financing plan to help debt-laden U.S. supply chain management company JDA Software Group Inc, giving it an alternative option to selling itself to Honeywell International Inc , people familiar with the ma…
U.S. companies’ stock buyback plans hit four-year low: TrimTabs
NEW YORK (Reuters) – The value of stock buyback announcements from U.S. companies slowed to its lowest level in four years, TrimTabs Investment Research said on Tuesday, potentially undercutting one of the main drivers of the current bull market.
Home Depot lifts profit forecast as housing market strengthens
(Reuters) – Home Depot Inc reported a 9.3 percent rise in quarterly profit and boosted its full-year earnings forecast as it kept a tight lid on costs, while benefiting from a strong U.S. housing market.
Tesla cooperating with French authorities investigating car fire
FRANKFURT (Reuters) – Tesla Motors is cooperating with French local authorities investigating a fire involving one of its Model S cars during a test drive in Biarritz, it said on Tuesday.
Investors cut cash, load up on EM and U.S. stocks: BAML
LONDON (Reuters) – Global investors have cut their cash holdings sharply and added to emerging market and U.S. stocks in August as global growth expectations have rebounded, a Bank of America Merrill Lynch (BAML) survey indicated on Tuesday.
Fed rate hike ‘possible’ as soon as September, Dudley says: FBN
(Reuters) – The Federal Reserve could possibly raise U.S. interest rates as soon as September, an influential Fed policymaker said on Tuesday in comments that boosted the dollar ahead of next week’s signature meeting of world central bankers.
Gas suppliers Praxair, Linde hold merger talks
NEW YORK/MUNICH (Reuters) – U.S. industrial gas supplier Praxair Inc and German peer Linde AG are in early-stage talks about a merger to create a market leader with a value of more than $60 billion, Linde said on Tuesday, sending shares in both compa…
U.S. industrial output rises 0.7 percent in July
WASHINGTON (Reuters) – U.S. industrial production rose more than expected in July, according to Federal Reserve data released on Tuesday.
U.S. housing starts rise to five-month high in July
WASHINGTON (Reuters) – U.S. housing starts unexpectedly rose in July as building activity increased across the board, supporting the view that investment in residential construction will rebound after slumping in the second quarter.
World stocks edge away from one-year peak, dollar on defensive
LONDON (Reuters) – World stocks markets edged away from one-year peaks on Tuesday as a stellar rally stalled, while the dollar hit a one-month low against the yen as recent weak U.S. economic data was seen limiting the scope for a near-term rate hike.
