Investors look to earnings for market direction
NEW YORK (Reuters) – Investors attempting to determine whether U.S. equities will rebound from Friday’s selloff or continue to sink will look to a deluge of earnings next week for a clearer picture of the economy.
G20 more upbeat on growth, but officials fret over Greece
WASHINGTON (Reuters) – The Group of 20 leading economies struck a hopeful tone on the outlook for global growth on Friday, even as officials fretted that Athens’ inability to strike a deal with its lenders could upset Europe’s tentative recovery.
Exclusive: Greece scrapes bottom of barrel in hunt for cash to stay afloat
ATHENS (Reuters) – Greece will need to tap all the remaining cash reserves across its public sector — a total of 2 billion euros ($2.16 billion) — to pay civil service wages and pensions at the end of the month, according to finance ministry official…
Investors look to earnings for market direction
NEW YORK (Reuters) – Investors attempting to determine whether U.S. equities will rebound from Friday’s selloff or continue to sink will look to a deluge of earnings next week for a clearer picture of the economy.
G20 more upbeat on growth, but officials fret over Greece
WASHINGTON (Reuters) – The Group of 20 leading economies struck a hopeful tone on the outlook for global growth on Friday, even as officials fretted that Athens’ inability to strike a deal with its lenders could upset Europe’s tentative recovery.
Ford to spend $2.5 billion on plants in Mexico, angering UAW
MEXICO CITY (Reuters) – Ford Motor Co said on Friday it will spend $2.5 billion to build a new generation of fuel-efficient engines and transmissions in Mexico, creating 3,800 jobs.
Wal-Mart shuffles U.S. store management to improve sales
(Reuters) – Wal-Mart Stores Inc said on Friday it would eliminate the position of zone manager in its U.S. stores while adding up to 8,000 new department heads as part of an overhaul of its store operations.
Wal-Mart cutting layer of management in stores: Bloomberg
(Reuters) – Wal-Mart Stores Inc, the world’s largest retailer, is cutting the role of zone manager from its stores as part of efforts to simplify its operations, Bloomberg reported, citing people familiar with the matter.
Justice Dept. staff may oppose Comcast-Time Warner Cable deal: Bloomberg
(Reuters) – Staff attorneys at the Justice Department’s antitrust division are nearing a recommendation to block the proposed $45 billion merger of Comcast Corp and Time Warner Cable Inc, Bloomberg reported on Friday, citing people familiar with the ma…
Wall Street falls steeply with China, Greece fears paramount
(Reuters) – The S&P 500 posted its biggest percentage loss since March 25 on Friday as investors shunned risk amid new trading regulations in China, renewed worries about Greece running out of money, and tepid U.S. corporate earnings.
