U.S. pending home sales jump to highest level since early 2006
WASHINGTON (Reuters) – Contracts to buy previously owned U.S. homes surged far more than expected in April to the highest level in more than a decade, another sign the economy has gained steam during the second quarter.
Fed’s Bullard says markets have better reading now on chances of rate hike
SINGAPORE (Reuters) – Financial markets have a more appropriate reading now on the chances of a U.S. interest rate rise in June than before, St. Louis Federal Reserve President James Bullard said on Thursday.
McDonald’s French HQ searched in tax probe: source
PARIS (Reuters) – French investigators searched McDonald’s French headquarters on May 18, a source with knowledge of the matter told Reuters on Thursday.
Madoff victims may soon recoup another $247 million
(Reuters) – Nearly 7-1/2 years after Bernard Madoff’s Ponzi scheme was unmasked, the court-appointed trustee recouping money for the swindler’s victims on Thursday sought court approval to free up another $247 million to help cover their losses.
SEC probes Alibaba accounting methods, shares dive
(Reuters) – U.S. regulators are investigating Alibaba Group Holding Ltd’s accounting practices to determine whether they violated federal laws, the Chinese e-commerce giant said, sending its shares tumbling nearly 7 percent on Wednesday.
Takata in rescue talks with KKR, other investors: sources
TOKYO (Reuters) – Takata Corp is in bailout talks with a number of potential investors including private equity firm KKR & Co , people familiar with the matter said on Thursday, driving up shares in the embattled auto parts maker.
Cartel or talking shop? OPEC awaits Saudi ruling
DUBAI/LONDON (Reuters) – For those seeking guidance on Saudi Arabia’s thinking regarding the future of OPEC, the last few weeks’ agenda of the new Saudi energy minister, Khalid al-Falih, might offer a few clues.
U.S. jobless claims fall more than expected last week
WASHINGTON (Reuters) – The number of Americans filing for unemployment benefits fell more than expected last week, moving back to near cycle lows as the labor markets
French Senate decides not to pursue SocGen CEO over 2012 tax testimony
PARIS (Reuters) – France’s Senate Committee decided on Thursday not to pursue Societe Generale Chief Executive Frederic Oudea over allegations the bank chief misled France’s upper house of parliament in 2012 regarding the French bank’s activities in P…
Valeant appoints Tyco’s Sam Eldessouky corporate controller
(Reuters) – Embattled drugmaker Valeant Pharmaceuticals International Inc appointed Sam Eldessouky senior vice president and corporate controller, effective May 31.
