U.S. pending home sales rise to a 10-month high
WASHINGTON (Reuters) – Contracts to buy previously owned U.S. homes increased more than expected in March to reach their highest level in nearly a year, suggesting sustained momentum in the housing market.
Amid talk of ‘peak iPhone’, Apple’s prospects hinge on next model
(Reuters) – Ask Siri if iPhone 7 will be the answer to Apple Inc’s problems, and you’re told that a visit to Apple’s website should answer that question “and more”.
Oreo maker Mondelez’s revenue falls less than expected
(Reuters) – Oreo cookies and Cadbury chocolate maker Mondelez International Inc’s first-quarter net revenue fell slightly less than expected, as a mix of higher volumes and prices in certain markets helped offset the impact of a strong dollar.
Apple upbeat on iPhone SE demand but some Asian retailers, suppliers less cheery
HONG KONG (Reuters) – After announcing its first-ever drop in iPhone sales on Tuesday, Apple Inc sought to reassure investors by saying its latest and cheapest model was in strong demand after being launched in late March. Some retailers and suppliers …
Northrop Grumman beats profit estimates, raises forecast
(Reuters) – Northrop Grumman Corp , the maker of Global Hawk surveillance planes, reported a better-than-expected quarterly profit, helped by increased demand for its fighter jets.
Carlyle first-quarter earnings beat forecasts
NEW YORK (Reuters) – Private equity firm Carlyle Group LP posted better-than-expected first-quarter earnings on Wednesday as gains in its buyout and real estate investments offset losses in other areas including the energy market.
Boeing short sales rise 1.4 percent to 27.4 million shares
NEW YORK (Reuters) – Short sellers added to bets against Boeing Co , pushing short interest up 1.4 percent to 27.4 million shares in the two weeks ended on April 15, the highest level in at least a decade, according to data that Thomson Reuters release…
Sour Apple results hit tech shares, dollar dips before Fed
LONDON (Reuters) – European shares followed Asia’s lower on Wednesday, as technology stocks fell after worse-than expected results from Apple and Twitter, while a weaker dollar before a U.S. monetary policy decision kept oil close to 2016 highs.
Hilton’s profit more than doubles on tax boost, higher rates
(Reuters) – Hilton Worldwide Holdings Inc , the owner of the Waldorf Astoria hotel chain, reported a quarterly profit that was more than double that of a year earlier, helped by tax benefits and higher room rates.
German government confirms plan to invest 1 billion euro to promote e-cars
BERLIN (Reuters) – Germany announced plans on Wednesday to invest a total of around 1 billion euros ($1.13 billion) to promote electric cars, whose number on the roads it wants to bring to 1 million by 2020 from only 50,000 now.
