Wall Street earnings estimates may not foretell currency impact
(Reuters) – Wall Street analysts may be inadequately accounting for the dollar’s sharp first-quarter rally, setting up a scenario in which some multinational companies may miss already low earnings estimates and be punished with selloffs of their share…
Automakers profit from luxury models, North America, China -McKinsey
NEW YORK (Reuters) – The world’s biggest automakers increasingly are making money by producing luxury models and reaping profits in China and North America, management consulting firm McKinsey & Co said in a report issued on Wednesday.
U.S. construction spending falls for second straight month
U.S. construction spending unexpectedly fell in February and the prior month’s outlays were revised to show a steeper decline than previously estimated, which could see economists further mark down their first-quarter growth forecasts.
Goldman economist says Fed hike likely late 2015 or early 2016
STONE MOUNTAIN, Ga. (Reuters) – Goldman Sachs Economist Jan Hatzius said on Wednesday he believed the Federal Reserve will likely raise interest rates late this year or early next year, given the amount of slack still present in the labor market.
U.S. factory activity at five-month high in March: Markit
Growth in the U.S. manufacturing sector rose to a five-month high in March as output and employment gained, according to an industry report released on Wednesday.
Sears to set up REIT to raise $2.5 billion from shareholders
(Reuters) – Sears Holdings Corp plans to raise more than $2.5 billion from shareholders by offering rights to buy shares in a real estate investment trust that will hold some of its stores.
Fed’s Lockhart sticks with June to September liftoff, despite growth downgrade
STONE MOUNTAIN, Ga (Reuters) – Atlanta Federal Reserve bank president Dennis Lockhart said on Wednesday that the United States remains on track for a likely interest rate hike in the June to September period, with a weak first quarter likely to give wa…
Being a big global bank is not worth the hassle -investor poll
LONDON (Reuters) – Being one of the world’s top 30 banks is not worth the hassle of extra regulatory scrutiny and capital requirements, according to a poll of financial industry investors last week.
Fiat Chrysler U.S. auto sales in March meet expectations
DETROIT (Reuters) – Fiat Chrysler Automobiles on Wednesday said U.S. vehicle sales rose 2 percent in March, meeting analysts’ expectations.
Bentley designer raps Ford’s Lincoln Continental – Automotive News
BERLIN (Reuters) – Bentley Motors’ top designer has criticized Ford’s new Lincoln Continental, fretting on social media about the car’s similarities with one of its own models, Automotive News reported late on Tuesday.
