Stocks, housing push U.S. household wealth above $80 trillion
WASHINGTON (Reuters) – U.S. household net worth jumped to a new high at the end of last year, as the value of real estate and share holdings rose and bank accounts swelled.
Comcast buys advertising startup Freewheel for $360 million
(Reuters) – Comcast Corp, the entertainment and cable group, said on Thursday it bought Freewheel, a startup that personalizes and inserts online video ads for media clients, as it tries to boost its digital advertising business.
Bank of America suspends senior FX trader in London: source
LONDON (Reuters) – The worldwide investigation into allegations of manipulation in the global currency market took another twist on Thursday, as Bank of America suspended a senior trader in London, a source familiar with the matter said on Thursday.
Dudley says threshold high for changing taper plans
NEW YORK (Reuters) – The U.S. economic outlook would have to change substantially for the Federal Reserve to alter the pace at which it is winding down asset purchases, a top U.S. central banker said on Thursday.
Exclusive: Russia wants IMF to move ahead on reforms without U.S. – sources
WASHINGTON/MOSCOW (Reuters) – Russian officials are pushing for the International Monetary Fund to move ahead with planned reforms without the United States, which could mean the loss of the U.S. veto over major decisions at the global lender, sources …
U.S. retailers say business picked up later in February
(Reuters) – Sales for many U.S. retailers rose in February, as shoppers ventured out later in the month after a dismal start when ice, cold and snow kept many of them at home.
Staples to shut 225 stores in North America as sales fall
(Reuters) – Staples Inc said it would close up to 225 stores in the United States and Canada – 12 percent of its North America outlets – and forecast another quarter of sales decline as it loses customers to mass market chains and e-retailers.
Exclusive: Russia wants IMF to move ahead on reforms without U.S. – sources
WASHINGTON/MOSCOW (Reuters) – Russian officials are pushing for the International Monetary Fund to move ahead with planned reforms without the United States, which could mean the loss of the U.S. veto over major decisions at the global lender, sources …
ECB did not see enough change to warrant any moves: Draghi
FRANKFURT (Reuters) – The European Central Bank decided not to take any action at its meeting on Thursday because economic and monetary conditions had not changed enough to warrant it, ECB President Mario Draghi said.
U.S. factory orders, shipments fall in January
WASHINGTON (Reuters) – New orders for U.S. factory goods fell more than expected in January and shipments also slipped, adding to signs of a recent slowdown in manufacturing activity.
