As YouTube marks tenth year, Facebook emerges as video threat
(Reuters) – It’s 10 years to the day since the first clip (“Me at the Zoo”) was uploaded on YouTube, and the service – now owned by Google Inc – has dominated online video-sharing ever since.
U.S. new home sales tumble after months of strong gains
WASHINGTON, April 23 (Reuters) – – New U.S. single-family home sales in March recorded their biggest drop in more than 1-1/2 years, snapping three straight months of hefty gains, in a temporary setback for the housing market.
U.S. factory activity growth slows in April: Markit
NEW YORK, April 23 (Reuters) – – Growth in the U.S. manufacturing sector dipped more than expected in April, with factory activity showing the slowest momentum since January, according to an industry report released Thursday.
Online store merger prods luxury goods makers toward Internet
PARIS (Reuters) – The merger of the world’s two biggest online fashion stores, Net-a-Porter (NAP) and Yoox, sends a warning to luxury brands to embrace the Internet with more vim after years of resistance.
Procter & Gamble’s sales fall for fifth straight quarter
(Reuters) – Procter & Gamble Co sales fell for the fifth straight quarter as a stronger dollar took its toll, with currency fluctuations likely to hurt 2015 sales by 6-7 percent.
U.S. jobless claims edge up; trend signals firmer labor market
WASHINGTON (Reuters) – The number of Americans filing new claims for jobless benefits rose last week for a third straight week, but the underlying trend continued to point to a solidly improving labor market.
Caterpillar profit jumps, outlook for rest of year less rosy
CHICAGO (Reuters) – Caterpillar Inc on Thursday reported a better-than-expected quarterly profit despite lower sales and gave a somber outlook for the rest of 2015 based on the strong U.S. dollar, weak oil prices and geopolitical tensions.
Delayed flash crash arrest may herald future spoofing detection woes
WASHINGTON/SAN FRANCISCO (Reuters) – The five years it took regulators to bring high-profile charges against a UK trader underscore how hard it is to spot wrongdoing in fast-developing markets, and may herald problems in detecting future mishaps.
Nasdaq sets aside $31 million for ongoing Facebook IPO claims
NEW YORK (Reuters) – Nasdaq OMX Group said on Thursday it set aside $31 million for ongoing litigation arising from the bungled $16 billion initial public offering of Facebook Inc on its U.S. stock exchange in May 2012.
Shares, euro sag after euro zone PMIs disappoint
LONDON (Reuters) – World shares weathered soft readings on Chinese and Japanese manufacturing on Thursday which served to recharge expectations of more policy stimulus there, though lackluster euro zone data was less well received.
