Luxury sportscar maker Ferrari files for New York listing
MILAN (Reuters) – Italian sportscar maker Ferrari has taken a step closer to a stock market listing in New York, as its parent Fiat Chrysler Automobiles (FCA) seeks to boost its own coffers to fund an ambitious 48 billion euro ($53 billion)investment p…
U.S. jobless claims lowest since 1973; leading index rises
WASHINGTON (Reuters) – The number of Americans filing new applications for unemployment benefits last week dropped to its lowest level in more than 41-1/2 years, suggesting the labor market maintained a sturdy pace of job growth in July.
Dow Chemical warns of softness in China, shares fall
(Reuters) – Dow Chemical Co warned of soft demand in China, raising concerns that the largest U.S. chemical maker by revenue would not be able to maintain its growth rate in the key market.
Exclusive: Japan eyes British help to sink German bid for Australian submarine
TOKYO/SYDNEY (Reuters) – A Japanese government team is in talks with at least two top British firms to help a Japanese consortium land one of the world’s most lucrative defense contracts, sources in Tokyo said, a $50 billion project to build submarines…
United Airlines plans $3 billion buyback, but expects unit revenue drop
(Reuters) – United Continental Holdings Inc on Thursday forecast a drop in unit revenue and trimmed plans for capacity growth as the U.S. dollar weighs on demand abroad, but it announced new share buybacks because its profit continues to rise.
EU clears Berkshire Hathaway’s purchase of Duracell
BRUSSELS (Reuters) – The European Commission said on Thursday it had approved Berkshire Hathaway’s purchase of Procter & Gamble’s Duracell battery unit.
U.S. leading economic indicator increases solidly
WASHINGTON (Reuters) – A gauge of future U.S. economic activity increased more than expected in June, boosted by a strengthening housing market, suggesting growth will continue to gain momentum for the remainder of the year .
Axel Springer says will not buy Financial Times Group
FRANKFURT (Reuters) – German publisher Axel Springer said on Thursday that it will not buy the Financial Times Group from Pearson , following media speculation about such a deal.
Caterpillar profit falls on weak sales in key markets, shares drop
(Reuters) – Caterpillar Inc reported a lower quarterly net profit and sales on Thursday due to weakness in mining, slower construction in Brazil and China, and declining orders for oil-related applications, sending its shares lower in premarket trading…
McDonald’s expects same-restaurant sales growth this quarter
(Reuters) – McDonald’s Corp said it expects global comparable sales to rise in the current quarter, after four straight quarters of decline, as its new chief executive’s initiatives to boost sales start paying off along with a recovery in China.
