U.S. business inventories, sales rise in July
WASHINGTON (Reuters) – U.S. business inventories rose in July, but probably not enough to change views that stock accumulation could be a minor drag on economic growth in the third quarter.
U.S. consumer sentiment at 14-month high in September
NEW YORK (Reuters) – U.S. consumer sentiment rose in September to its highest in more than a year on more upbeat views on the domestic economy in the coming year, a survey released on Friday showed.
GM reins in sale of Chevrolet Corvettes due to issues
DETROIT (Reuters) – Auto dealers were told to stop selling the 2015 Chevrolet Corvette and shipments were delayed from the General Motors plant that makes the hot-selling sports car while the company addresses two issues, GM said Friday.
U.S. import prices post largest decline in nine months
WASHINGTON (Reuters) – U.S. import prices recorded their biggest drop in nine months in August as a sharp decline in the cost of petroleum products eclipsed rising food prices, keeping imported inflation pressures subdued.
Darden posts loss as Olive Garden same-restaurant sales fall again
(Reuters) – Darden Restaurants Inc reported a quarterly loss after same-restaurant sales fell again at its Olive Garden chain, which contributes about two-thirds to profit.
As Big Tobacco takes up e-cigarettes, investors look ahead
LONDON/NEW YORK (Reuters) – As electronic cigarettes flew off shelves on both sides of the Atlantic in recent years, investors flocked to a business some hope will be the future for tobacco.
China’s iPhone delay gives smugglers reason to cheer
HONG KONG (Reuters) – The likely delayed launch of Apple Inc’s new iPhone 6 in China, the world’s biggest smartphone market, sparked a race to pre-order the phone in Hong Kong on Friday.
Amid Alibaba fever, reasons for caution in IPO market
NEW YORK (Reuters) – The highly anticipated debut of Alibaba Group Holding Ltd , the Chinese e-commerce group, will come amid the busiest year for initial public offerings since the technology bubble burst in 2000.
Dollar heads for best run in 17 years
LONDON (Reuters) – The U.S. dollar headed for its ninth straight week of gains on Friday, some measure of how the economic fortunes of the United States and its major economic peers are diverging after six years of financial turmoil.
Europe’s big banks in tentative return to growth mode
LONDON (Reuters) – Europe’s big banks returned to growth mode in the first half of this year, expanding their books by 530 million euros ($685 million), in a sign they are starting to get back on their feet after the financial crisis.
