Lennar to Houston: We have a problem
(Reuters) – Lennar Corp , the second-largest U.S. homebuilder by the number of homes sold, said it expects 2015 margins to be squeezed as falling oil prices hurt demand in Houston, a city heavily dependent on the energy sector.
Obama prepared to roll out budget proposal Feb. 2
WASHINGTON (Reuters) – U.S. President Barack Obama is prepared to unveil his proposed budget for the federal government on Feb. 2, White House spokesman Josh Earnest said on Thursday.
Citi profit plunges on legal settlements and fall in bond revenue
(Reuters) – Citigroup Inc said its quarterly profit dropped 86 percent, hurt by legal settlements and falling bond trading revenue, sending the bank’s shares down more than 4 percent.
Wall St. starts fourth-quarter earnings season under cloud of worry
(Reuters) – Investors opened this earning season weighted down by worries, as weak December retail sales, plummeting copper prices and some high-profile misses raised the specter of a disappointing reporting period.
Dollar General seen losing Family Dollar bid
(Reuters) – Dollar General Corp stuck to its estimate of divesting 1,500 stores to win approval for its bid to buy Family Dollar Corp, a move that analysts said could end up handing the company to Dollar Tree Inc.
Cheaper oil tames U.S. producer inflation; jobless claims up
WASHINGTON (Reuters) – U.S. producer prices in December recorded their biggest fall in more than three years on tumbling energy costs while underlying inflation pressures were tame, a cautionary note for the Federal Reserve as it ponders its next step …
Global economic outlook is glum despite cheaper oil: IMF
WASHINGTON (Reuters) – A sharp drop in oil prices and a stronger U.S. economy will probably not be enough to brighten the outlook for global economic growth this year, the head of the International Monetary Fund said on Thursday.
BlackRock earnings beat estimates as 2014 inflows set record
(Reuters) – BlackRock Inc, the world’s largest money manager, reported a higher-than-expected quarterly profit as assets under management increased.
Caesars’ operating unit files for bankruptcy, but venue unclear
(Reuters) – The operating unit of Caesars Entertainment Corp, the largest U.S. casino company, filed for Chapter 11 bankruptcy on Thursday to implement its plan to cut $10 billion of debt, but faced an immediate challenge over where the case should pro…
Pilots say further Lufthansa strikes likely in coming weeks
FRANKFURT (Reuters) – German pilots’ union Vereinigung Cockpit (VC) said more strikes at Lufthansa were likely as its row with the airline’s management over early retirement benefits continued.
