Strong dollar hurts HP’s earnings forecast, shares plummet
(Reuters) – Hewlett-Packard Co reported flat or lower quarterly revenue in all its operating units on Tuesday, and forecast full-year earnings well below analysts’ expectations due to the strong U.S. dollar.
Fed’s Yellen flags rate hikes on ‘meeting-by-meeting’ basis
WASHINGTON (Reuters) – The Federal Reserve is preparing to consider interest rate hikes “on a meeting-by-meeting basis,” Fed Chair Janet Yellen told a congressional committee on Tuesday, a subtle shift of emphasis that helps lay the groundwork for the …
Oil turns lower on expectations of crude oil inventory rise
NEW YORK (Reuters) – Crude oil futures fell on Tuesday as expectations that this week’s reports will show U.S. crude inventories rose again countered supportive news of Libyan oilfields being shut.
Euro zone backs Greek aid extension, seeks clearer reforms
BRUSSELS/BERLIN (Reuters) – Greece secured a four-month extension of its financial rescue on Tuesday when its euro zone partners approved a reform plan, as Athens backed away from some proposed measures and promised that spending to alleviate social di…
Exclusive: BNY Mellon in forex settlement talks with U.S., N.Y. – sources
NEW YORK (Reuters) – Bank of New York Mellon Corp is in settlement talks with the U.S. Justice Department and New York attorney general over claims the bank defrauded clients in foreign exchange transactions, according to sources familiar with the matt…
Dow, S&P finish at records after Yellen comments
NEW YORK (Reuters) – U.S. stocks closed higher on Tuesday, with the Dow and S&P 500 hitting records, as investors attempted to interpret a subtle change in emphasis in testimony by Federal Reserve Chair Janet Yellen.
Lexus, Mazda get highest marks in Consumer Reports auto brand study
DETROIT (Reuters) – Toyota Motor Corp’s Lexus brand finished on top of the Consumer Reports annual “brand report card” for the third straight year, the influential U.S. magazine said on Tuesday.
West Coast port disruptions to hit Macy’s first quarter sales, margins
(Reuters) – Macy’s Inc said sales and margins in the current quarter would be hurt by disruptions at U.S. West Coast ports, and the retailer forecast full-year profit and revenue that fell short of analysts’ expectations.
U.S. home prices rise, service sector expands but consumer sentiment dips
NEW YORK (Reuters) – U.S. home prices rose again in December and activity in the services sector expanded in February at its fastest pace since October, but a gauge of consumer confidence fell, according to reports published on Tuesday.
U.S. consumer confidence pulls back from multi-year high
NEW YORK (Reuters) – U.S. consumer confidence fell more than expected in February, pulling back from a multi-year high according to a private sector report released on Tuesday.
