Best Buy posts surprise sales rise; shares jump
(Reuters) – Best Buy Co Inc , the biggest U.S. electronics chain, reported an unexpected increase in quarterly sales and said it expected consumer spending to remain strong this quarter, sending its shares up nearly 15 percent.
Services sector growth slows in August: Markit
NEW YORK, (Reuters) – The U.S. services sector expanded at a slower pace in August than July as new business growth softened, an industry report showed on Tuesday.
Home price growth edges up in June: S&P/Case-Shiller
NEW YORK (Reuters) – U.S. single-family home prices rose a tad faster from a year ago in June, suggesting resilience in the housing sector as the Federal Reserve has stuck to a near-zero interest rate policy, a closely watched survey said on Tuesday.
Safety agency probes Jeep Grand Cherokees after roll-away incidents
DETROIT (Reuters) – U.S. safety regulators have opened an investigation into reports from consumers that Fiat Chrysler Automobiles NV’s popular Jeep Grand Cherokee SUVs rolled away after being placed in the “park” position.
Three big US consumer companies have highest CEO pay gaps: study
BOSTON (Reuters) – Popular consumer brands Discovery Communications, Chipotle Mexican Grill and CVS Health Corp pay their chief executive officers more than a thousand times what they pay their typical worker, giving them the biggest internal pay gaps among S&P 500 companies, according to a study released on Tuesday.
Global stocks, oil, dollar extend gains after China cuts rates
LONDON (Reuters) – Stocks, oil prices and safe-haven bond yields rose on Tuesday as a tentative market rebound picked up pace after China cut interest rates and banks’ reserve requirements to kick-start its wavering economy.
China stocks plummet again as Beijing sits on sidelines
SHANGHAI (Reuters) – Chinese stocks tumbled again on Tuesday, despite a rebound in markets elsewhere in Asia, as investors despaired at the lack of policy action from Beijing in response to recent data suggesting the downturn in the world’s second-larg…
GE will seek compensation for FX loan conversion in Poland
WARSAW (Reuters) – U.S. General Electric (GE) will seek compensation for any losses incurred by its Polish arm Bank BPH because of the planned conversion of Swiss-franc denominated mortgages into zlotys, which is being decided by the Polish parliament….
Boeing raises China 20-year aircraft demand, says outlook rosy
BEIJING (Reuters) – Boeing Co on Tuesday raised its forecast for China’s aircraft demand over the next 20 years, saying it was optimistic about the long-term outlook for the world’s second largest aviation market despite a slowing economy and weak stoc…
Toyota says testing potential alternatives to Takata air-bag inflators
TOKYO (Reuters) – Toyota Motor Corp said on Tuesday it is testing air-bag inflators made by Autoliv and Nippon Kayaku Co as possible alternatives to potentially lethal parts supplied by Takata Corp.
