Jobs report may test market’s complacency
NEW YORK (Reuters) – The U.S. stock market has been quiet this week – too quiet.
Exclusive: Chicago nears fiscal free fall with latest downgrade
CHICAGO (Reuters) – Chicago drew closer to a fiscal free fall on Friday with a rating downgrade from Moody’s Investors Service that could trigger the immediate termination of four interest-rate swap agreements, costing the city about $58 million and ra…
Lockheed, Sikorsky venture awarded $2.0 billion helicopter support deal
WASHINGTON (Reuters) – The U.S. Navy has awarded a joint venture of Lockheed Martin Corp and Sikorsky Helicopter a contract worth $2 billion to service the Navy’s H-60 helicopters through Jan. 31, 2020, the Pentagon announced on Friday.
Dudley, top U.S. economists urge later Fed rate hike
NEW YORK (Reuters) – Raising interest rates too late is safer than acting too early, an influential Federal Reserve official said on Friday, endorsing a high-profile research paper that argues the U.S. economy, given time, can rebound to the strong gro…
Former AIG head Benmosche dies; led insurer after bailout
NEW YORK (Reuters) – Robert Benmosche, who took the helm of insurer American International Group after a massive government bailout at the height of the financial crisis, died on Friday at 70 after a battle with lung cancer.
Wall Street ends down after data; posts strong gains for month
NEW YORK (Reuters) – The S&P 500 posted its best monthly gain since October 2011 on Friday, but U.S. stocks ended lower for the day as U.S. economic growth slowed more sharply than initially thought in the fourth quarter.
U.S. economy slowed in fourth quarter, but growth outlook still favorable
WASHINGTON (Reuters) – U.S. economic growth braked more sharply than initially thought in the fourth quarter amid a moderate increase in business inventories and a wider trade deficit, but strong domestic demand brightened the outlook.
Dudley, top U.S. economists urge later Fed rate hike
NEW YORK (Reuters) – Raising interest rates too late is safer than acting too early, an influential Federal Reserve official said on Friday, endorsing a high-profile research paper that argues that the U.S. economy, given time, can rebound to normal gr…
Southwest Airlines nears end of inspections that grounded 128 planes
(Reuters) – Southwest Airlines Co said on Friday it has finished inspecting 115 of 128 planes that it briefly pulled out of service on Tuesday when it discovered maintenance checks were overdue, and it expects to complete the rest this weekend.
Icahn’s investment fund posts first loss since 2008 on oil plunge
NEW YORK (Reuters) – Billionaire activist investor Carl Icahn’s publicly traded investment fund posted its first annual loss since 2008 last year, undone by plummeting oil prices, the company said in a regulatory filing on Friday.
