U.S. consumer confidence drops in July
NEW YORK (Reuters) – U.S. consumer confidence weakened in July, due in part to a less optimistic outlook on the labor market, according to a private sector report released on Tuesday.
KKR and Irish investment fund bid to revive house building
DUBLIN (Reuters) – U.S. private equity firm KKR & Co LP and Ireland’s new strategic investment fund will launch a 500 million euro ($552 million) joint venture to provide credit for builders amid a severe housing shortage.
Facebook’s ascent has investors betting on more gains
NEW YORK (Reuters) – The big selloffs in shares of social media companies last quarter following weak results seem to be brushed under the carpet this earnings season as investors focus instead on the success of Facebook Inc .
Banks fail to persuade regulators to dilute new buffer rules
LONDON (Reuters) – Rules will soon be finalised forcing the world’s top banks to hold enough liquid assets to cover between 16 and 20 percent of their liabilities, after industry lobbying failed to persuade regulators to relax the plan.
U.S. homeownership rate tumbles to record low in second-quarter
WASHINGTON (Reuters) – U.S. homeownership dropped to a record low in the second quarter as more Americans opted to rent, data showed on Tuesday.
Pfizer’s revenue, profit beat as vaccine sales rise
(Reuters) – Pfizer Inc on Tuesday reported better-than-expected second-quarter profit and revenue, helped by strong demand for its pneumonia vaccine and new breast cancer drug, sending its shares up 1 percent.
BP profits slump after huge oil spill charge
LONDON (Reuters) – BP’s second-quarter profit slumped by nearly two thirds from last year as it grappled with lower oil prices, a write off in Libya and a $10.8 billion charge for the 2010 crude spill in the Gulf of Mexico.
U.S. home price growth stalls in May: S&P/Case-Shiller
NEW YORK (Reuters) – U.S. single-family home prices in May rose from the previous year at the same pace as April but fell short of forecasts, as housing construction slowed and new home sales lagged existing home sales, a closely watched survey said on…
VW overtakes Toyota as world’s biggest carmaker
MUNICH/TOKYO (Reuters) – Volkswagen overtook Toyota as the world’s largest carmaker by sales in the first half year, achieving its long-held ambition three years ahead of target.
Sirius XM raises 2015 forecast on strong U.S. auto sales
(Reuters) – Sirius XM Holdings Inc raised its full-year forecast for revenue and subscriber additions for the second time in a row, citing strong U.S. auto sales.
