Pending home sales almost flat in December
WASHINGTON (Reuters) – Contracts to buy previously owned U.S. homes barely rose in December, an indication that the housing market remains mixed going into the first quarter of 2016.
Rocky markets test the rise of amateur ‘algo’ traders
LONDON (Reuters) – University student Spencer Singleton is among a growing band of amateurs turning to computer-driven automated stock trading – until now the preserve of hedge funds and mega brokers – and says he’s beating the market.
BG shareholders give Shell’s $52 billion acquisition final nod
LONDON (Reuters) – BG Group shareholders overwhelmingly approved Royal Dutch Shell’s $52 billion takeover on Thursday, clearing the way for the two firms to create the world’s biggest trader of liquefied natural gas (LNG).
Within OPEC, Iran is a challenge to any deal on oil cuts: sources
LONDON/DUBAI (Reuters) – Iran, boosting oil exports after the lifting of sanctions, is talking of a need to recoup its market share, making the OPEC member a challenge to any deal among producers to fix a supply glut, OPEC sources said on Thursday.
Caterpillar fourth-quarter results take a hit, but outlook above estimates
CHICAGO (Reuters) – Caterpillar Inc on Thursday reported results that showed a continued slump across most of its businesses, and warned 2016 would be another grim year, but forecast earnings above estimates for 2016, sending its stock up nearly 5 perc…
Johnson Controls revenue misses as automotive unit sales tumble
(Reuters) – U.S. auto parts maker Johnson Controls Inc reported lower-than-expected first-quarter revenue, largely because of lower sales in its automotive seating and interiors business.
Deutsche Bank scraps board bonuses after record loss
FRANKFURT (Reuters) – Deutsche Bank scrapped board bonuses this year after posting a record loss for 2015 on Thursday, with Chief Executive John Cryan urging investors to be patient with his revamp of Germany’s largest lender.
Putin ally absent as Russia considers joint action with OPEC
LONDON/MOSCOW (Reuters) – When Russian officials this week discussed the merits of jointly cutting oil output with OPEC to push up prices, one man — President Vladimir Putin’s ally Igor Sechin — was conspicuous in his absence.
Iran says low oil prices will not last long
PARIS (Reuters) – Iranian President Hassan Rouhani said on Thursday that oil prices would not stay low for long as producers restore market balance.
Time Warner Cable’s revenue, profit beat estimates
(Reuters) – Time Warner Cable Inc, which is being bought by Charter Communications Inc, reported better-than-expected profit and revenue for the fourth quarter as it added more residential video customers.
