U.S. existing home sales plunge; new rules seen as drag
WASHINGTON (Reuters) – U.S. home resales posted their sharpest drop in five years in November, a potential warning sign for the health of the U.S. economy although new regulations on paperwork for home purchases may have driven the decline.
Exclusive: Shire closer to deal to buy Baxalta – sources
NEW YORK/LONDON (Reuters) – Drug maker Shire Plc has made a new acquisition offer for peer Baxalta International Inc that is roughly in line with the latter’s valuation expectations, making a deal in the coming weeks likely, people familiar with the ma…
National Stock Exchange relaunches, aims to shake up U.S. industry
NEW YORK (Reuters) – The National Stock Exchange relaunched on Tuesday with a low-cost model its new management says will challenge current industry practices and could save U.S. investors billions if adopted market-wide.
Pension risks point to higher 2016 borrowing costs for some U.S. cities
NEW YORK (Reuters) – Some U.S. cities may have to pay higher interest rates to borrow money in 2016 as they contend with a host of new pressures on their underfunded public pensions, including new reporting rules and the impact of this year’s tepid inv…
Consumer, business spending support U.S. third-quarter growth
WASHINGTON (Reuters) – The U.S. economy grew at a fairly healthy clip in the third quarter as strong consumer and business spending offset efforts by businesses to reduce an inventory glut, underscoring its resilience despite a raft of headwinds.
Porsche plant workers agree to less pay to produce electric car
BERLIN (Reuters) – Porsche workers have agreed to concessions worth several hundred million euros to secure production of an all-electric sports car at the manufacturer’s biggest plant, a spokesman for the company said.
Top 2015 U.S. stock funds stay defensive heading into 2016
NEW YORK (Reuters) – Top stock-picking fund managers won 2015 by aiming for brand name companies and avoiding the sector bets that brought down biotech and energy investors.
Exclusive: Seven big investment banks in UK paid just $30 million tax in 2014
LONDON (Reuters) – Seven of the biggest investment banks operating in London paid little or no tax in Britain last year, despite reporting billions of dollars in profits, a Reuters analysis of corporate filings shows.
Black box hedge funds lead winners from oil collapse
LONDON/NEW YORK (Reuters) – To make money from the sharp fall in oil prices this year, it helped if you weren’t human.
Ford recalls 313,000 cars for lighting failures
WASHINGTON (Reuters) – Ford Motor Co said on Tuesday it will recall 313,000 older cars for headlight failures linked to 11 crashes, as well as 4,700 vans, pick-ups and mid-sized trucks for assorted issues.
