U.S. new home sales surge in December
WASHINGTON (Reuters) – Sales of new U.S. single-family homes jumped in December, unwinding the prior month’s decline, but the overall trend remained consistent with a gradual housing market improvement.
Pfizer’s 2015 forecast disappoints, crimped by generics, dollar
(Reuters) – Pfizer Inc reported stronger-than-expected quarterly results as sales of vaccines and cancer drugs increased, but the company forecast 2015 earnings below Wall Street expectations, citing patent expirations and the stronger dollar.
Nelson Peltz slashes stake in Family Dollar
(Reuters) – Investor Nelson Peltz’s Trian Fund Management LP slashed its stake in Family Dollar Stores Inc by more than two-thirds to 2.07 percent, days after the company’s shareholders agreed to Dollar Tree Inc’s $8.5 billion buyout offer.
British growth slows, but 2014 still fastest in seven years
LONDON (Reuters) – Britain’s economic growth slowed more than expected in the final three months of last year, but with annual growth still at its fastest since 2007 the data gave ammunition to both sides of the political divide heading into May’s elec…
Exclusive: EU aims to complete capital markets union by 2019 – document
LONDON (Reuters) – The European Union will put in place its “capital markets union” by 2019, starting with quick wins like encouraging direct investment in businesses, an EU document seen by Reuters showed.
Exclusive: Apple supplier Foxconn to shrink workforce as sales growth stalls
SHENZHEN, China (Reuters) – Taiwan’s Foxconn Technology Group, the world’s largest contract electronics manufacturer, will cut its massive workforce, the company told Reuters, as the Apple Inc supplier faces declining revenue growth and rising wages in…
U.S. oil well shut-ins start as crude rout batters small producers
HOUSTON (Reuters) – Collapsing crude prices are confronting scores of smaller U.S. oil producers with the grim choice of either shutting older high-cost wells or burning through cash in the hope of riding out the downturn.
Microsoft profit falls on sluggish Windows, currency pressure
SEATTLE (Reuters) – Microsoft Corp on Monday reported a fall in its quarterly profit that was in line with Wall Street forecasts, as sluggish personal computer sales dampened demand for Windows software and the company struggled with the impact of the …
U.S. deficit to dip in 2015 as era of dramatic declines ends: CBO
WASHINGTON (Reuters) – The U.S. budget deficit will decline slightly to $468 billion this fiscal year, the lowest level since President Barack Obama took office, congressional forecasters said on Monday in a report heralding the end of a brief period o…
Mattel removes CEO, warns of fifth straight fall in quarterly sales
(Reuters) – Mattel Inc removed Chief Executive Brian Stockton after another disappointing holiday shopping season for the maker of the aging Barbie doll.
