U.S. housing, jobs data bolster economic outlook
WASHINGTON (Reuters) – U.S. home resales rose to a 10-month high in July and the number of Americans filing new claims for unemployment benefits fell last week, signaling strength in the economy early in the third quarter.
Ford tells U.S. dealers to stop selling some C-Max, Focus models
DETROIT (Reuters) – Ford Motor Co has told its U.S. dealers to stop test-driving and selling C-Max and Focus models produced during a week this month because of potential problems with the steering gear assembly, a notice sent to dealers on Wednesday s…
Honda to modify Fit to boost test score, calls back 12,000 cars
DETROIT (Reuters) – The first 12,000 U.S. customers who bought the 2015 Honda Fit subcompact cars will be asked to have the vehicles retrofitted to attain top marks from the Insurance Institute for Highway Safety, Honda Motor Co and the IIHS said Thurs…
U.S. existing home sales rise at fastest pace in 10 months
WASHINGTON (Reuters) – Americans resold their homes in July at the fastest pace in almost a year, a sign the housing market was gaining steam again after a year-long slump.
U.S. factory activity expands at fastest pace in over four years in Aug: Markit
NEW YORK, Aug 21 (Reuters) – – The U.S. manufacturing sector expanded in August, with the rate of growth exceeding expectations and moving at the fastest pace in more than four years, an industry report showed on Thursday.
Pfizer back for AstraZeneca? Year-end move seen most likely
LONDON (Reuters) – Shares in drugmaker AstraZeneca have climbed more than 7 percent this week, fueled by speculation of renewed takeover interest from Pfizer, following an abortive $118 billion (71 billion pounds) takeover attempt in May.
U.S. jobless claims fall, bolster labor market outlook
WASHINGTON (Reuters) – The number of Americans filing new claims for unemployment benefits fell slightly more than expected last week, pointing to a sustained improvement in labor market conditions.
Family Dollar rejects Dollar General offer on antitrust worries
(Reuters) – Family Dollar Stores Inc rejected Dollar General Corp’s $8.95 billion acquisition offer, citing antitrust concerns, and reaffirmed its support for a buyout offer from Dollar Tree Inc .
After Russia targets McDonald’s, businesses wonder who’s next
MOSCOW Russia (Reuters) – Russia said on Thursday it was investigating dozens of McDonald’s restaurants, in what many businessmen said was retaliation for Western sanctions over Ukraine they fear could spread to other symbols of Western capitalism.
Fed’s George says U.S. economy is ready for a rate hike: CNBC
(Reuters) – The time has come for the Federal Reserve to raise interest rates, a top U.S. central banker said on Thursday, citing improvements in the labor market.
