Home sales vault to 18-month high as supply improves
WASHINGTON (Reuters) – U.S. home resales surged to their highest level in 18 months in March as more homes came on the market, a sign of strength in housing ahead of the spring selling season.
McDonald’s to develop new turnaround plan as sales fall again
(Reuters) – McDonald’s Corp’s new chief executive officer, who is charged with reinvigorating world’s biggest restaurant chain, on Wednesday said he would deliver his turnaround plan next month.
DuPont buying microbiome firm, seeks edge in emerging crop products
(Reuters) – DuPont is buying a California-based microbiome discovery company for development of biological crop products, a move that the chemical and crop company hopes will give it an edge in an emerging agricultural market.
Part-time ‘slack’ may be nearing its end as Fed debates hike
WASHINGTON (Reuters) – U.S. part-time employment is fast-approaching levels common since the 1970s in a sign that a key part of labor market slack may be almost gone, giving the Fed one less reason to delay hiking interest rates frozen near zero for mo…
L’Oreal shareholders back single voting rights
PARIS (Reuters) – L’Oreal shareholders will not implement double voting rights for long-term shareholders, as called for under a French law that has a stated aim of promoting stability at listed companies.
Investors question whether banks’ robust profit growth will hold
NEW YORK (Reuters) – Financial companies are among the standouts of the first-quarter earnings reporting season, but their dazzling profit growth has failed to impress investors, who are finding reasons for caution behind the headline numbers.
Lufthansa and pilots resume contact in labor dispute: union
FRANKFURT (Reuters) – Lufthansa and the union representing pilots that have staged a series of a walkouts in a labor dispute with the German airline have resumed contact nearly a month after negotiations were put on hold.
VW eyes budget car cooperation with Great Wall: Manager Magazin
BERLIN (Reuters) – German carmaker Volkswagen is considering cooperating with China’s Great Wall on a new budget model, Germany’s Manager Magazin reported on Wednesday, citing company sources.
Citigroup must face South Korean bank’s lawsuit over failed CDO
NEW YORK (Reuters) – A U.S. appeals court on Wednesday revived a lawsuit in which South Korea’s Woori Bank accused Citigroup Inc of defrauding it into buying risky mortgage securities that Citigroup was betting against, prior to the financial crisis.
Associated Estates to sell itself as investor piles pressure
(Reuters) – Associated Estates Realty Corp agreed to be bought by Canada’s Brookfield Asset Management Inc for about $1.66 billion, months after activist investor Jonathan Litt asked for a sale of the U.S. real estate investment trust.
