Housing sector turning the corner; jobs market firming
WASHINGTON (Reuters) – U.S. home resales rose in April and the supply of properties on the market hit its highest level in nearly two years, hopeful signs for the stalled housing market recovery.
U.S. companies see smaller lift from stock buybacks
NEW YORK (Reuters) – IBM, one of the most reliable companies when it comes to buying back shares, is scaling back its repurchases just as the market seems to have grown weary of this strategy.
Barclays sounding out buyers for Spanish retail bank: sources
MADRID (Reuters) – Britain’s Barclays is sounding out potential buyers for its Spanish retail bank, people familiar with the matter said, adding that local peers and private equity firms could be interested in parts of the business.
J&J sees device growth through new products, emerging markets
(Reuters) – Johnson & Johnson said on Thursday it planned to file for approvals of more than 30 major products by the end of 2016 as the diversified healthcare company looks to restore growth to a medical device and diagnostics division that has been overshadowed by its drugs business in recent years.
U.S. factory data upbeat, euro zone business stays strong
NEW YORK/LONDON (Reuters) – U.S. manufacturing growth picked up to a three-month high in May, while private business activity in the euro zone grew at just under its fastest pace in three years, surveys showed on Thursday.
Toyota recalls 466,000 vehicles globally for spare tire, braking issues
DETROIT (Reuters) – Toyota Motor Corp said on Thursday it is recalling 466,000 minivans and cars globally, mostly in the United States, for possible faulty brakes and loss of a spare tire.
Deutsche Bank chief tells shareholders ‘transformation is working’
FRANKFURT (Reuters) – Deutsche Bank AG defended plans to raise 8 billion euros ($11 billion) in equity capital on Thursday, as its top executives faced angry investors at the annual shareholders’ meeting, less than a week after announcing the surprise …
Exclusive: Implats CEO says South Africa platinum strike could last much longer
LONDON (Reuters) – The crippling four-month miners strike in South Africa could last much longer, the chief executive of Impala Platinum said, adding that feedback from initial court-mediated talks with the world’s biggest producers and main mining uni…
Putin tries to woo investors to Russia but many stay away
ST PETERSBURG (Reuters) – President Vladimir Putin tried on Thursday to warm up relations with foreign investors chilled by the crisis in Ukraine, but many senior executives snubbed him by boycotting a conference billed as Russia’s answer to Davos.
SEC chair: Risk panel needs more capital markets expertise
WASHINGTON (Reuters) – The U.S. regulatory risk council should make sure it has enough securities market expertise before deciding whether to designate large financial firms as systemic, Securities and Exchange Commission Chair Mary Jo White said on Th…
