Pep Boys says Icahn could further sweeten offer
(Reuters) – Pep Boys – Manny Moe & Jack said investor Carl Icahn was willing to pay as much as $1 billion for the U.S. auto parts retailer to keep rival bidder Japanese tire maker Bridgestone Corp at bay.
U.S. new home sales rise in November; momentum slows
WASHINGTON (Reuters) – New U.S. single-family home sales in November rose less than expected and the prior month’s increase was revised down, suggesting some loss of momentum in the housing market.
Apple allows long-term shareholders to nominate board members
(Reuters) – Apple Inc on Tuesday became the latest U.S. company to amend its bylaws to allow long-term shareholders to nominate members to its board.
Sage of Manchester? Buffett-inspired investor tops UK stock-picking league
LONDON (Reuters) – Forget the financial fortress of London, anyone looking for Britain’s best stock-picker this year should have hopped on a train north to Manchester.
Candidate Sanders says U.S. Fed ‘hijacked’ by bankers
WASHINGTON (Reuters) – Democratic presidential candidate Bernie Sanders lambasted the Federal Reserve on Wednesday as an institution that has been “hijacked by the very bankers it regulates” and called for banning bank executives from regional Fed gove…
U.S. core capital goods orders fall in November
WASHINGTON (Reuters) – A gauge of U.S. business investment plans fell in November and the prior month’s increase was revised sharply lower as the drag on manufacturing from a strong dollar and spending cuts in the energy sector showed little sign of ab…
U.S. personal income rises in boost to consumer spending
WASHINGTON (Reuters) – U.S. personal income in November rose for an eighth straight month on solid wage gains, which should support consumer spending and bolster economic growth next year.
OPEC’s market share to shrink by 2020 as rivals keep pumping despite oil’s collapse
LONDON (Reuters) – Global demand for OPEC’s crude will be lower in 2020 than next year as supply from rivals proves more resilient than expected, potentially fuelling a debate on the merits of its strategy to let prices fall to hurt other producers.
Record highs predicted for bitcoin in 2016 as new supply halves
LONDON (Reuters) – 2016 could prove to be the year that the price of bitcoin surges again. Not because of any dark-web drug-dealing or Russian ponzi scheme, but for an altogether less sensational reason – slower growth in the money supply.
HK pips New York as world’s biggest IPO capital, 2016 outlook strong
HONG KONG (Reuters) – Hong Kong replaced New York this year as the world’s biggest IPO market by the amount of funds raised, buoyed by Chinese banks and other financial firms, with the deal pipeline pointing to a stronger year ahead.
