U.S. pending home sales hit one-year low; manufacturing weak
WASHINGTON (Reuters) – Contracts to buy previously owned U.S. homes fell to their lowest level in a year in January amid a persistent shortage of properties for sale, which could slow the housing market ahead of the spring selling season.
U.S. shale’s message for OPEC: above $40, we are coming back
NEW YORK (Reuters) – For leading U.S. shale oil producers, $40 is the new $70.
GE to ‘aggressively’ cut costs in 2016: Immelt
(Reuters) – General Electric Co will continue to “aggressively” cut costs this year, Chief Executive Jeff Immelt said, reiterating the company’s target for spending on restructuring in 2016.
Lumber Liquidators’ sales fall more than feared, shares drop
(Reuters) – Lumber Liquidators Holdings Inc reported a bigger-than-expected drop in sales for the third straight quarter as it struggled with falling demand due to fears that some of its hardwood flooring laminates could cause cancer.
IBM to purchase cyber security firm Resilient Systems
(Reuters) – IBM Security plans to acquire private cyber security firm Resilient Systems, the computing giant said Monday, as part of a move to expand its role in the incident response market.
Yahoo estimates $64-78 million restructuring charges, mostly in first quarter
(Reuters) – Yahoo Inc estimated that a plan to cut jobs and other restructuring moves would result in pretax charges of $64 million to $78 million, mostly in the first quarter of 2016.
EU asks U.S. firms to play ball on privacy for data pact to work
BRUSSELS (Reuters) – Europe sought to plug a gap in a new transatlantic data pact on Monday by urging U.S. firms to allow European Union privacy regulators to police compliance with the new rules.
Global shares fall on G20 disappointment, Fed hike prospect
LONDON (Reuters) – Global shares retreated on Monday after a weekend meeting of G20 finance chiefs ended with no new plan to spur global growth and as investors fretted the U.S. Federal Reserve could raise interest rates before year-end.
Global shares fall on G20 disappointment, Fed hike prospect
LONDON (Reuters) – Global shares retreated on Monday after a weekend meeting of G20 finance chiefs ended with no new plan to spur global growth and as investors fretted the U.S. Federal Reserve could raise interest rates before year-end.
China expects to lay off 1.8 million workers in coal, steel sectors
BEIJING (Reuters) – China said on Monday it expects to lay off 1.8 million workers in the coal and steel industries, or about 15 percent of the workforce, as part of efforts to reduce industrial overcapacity, but no timeframe was given.
