eBay, Facebook and General Motors attract hedge fund buyers
(Reuters) – Top U.S. hedge fund managers in the fourth quarter focused on the consumer sector, with investment plays ranging from high-end auction house Sotheby’s to eBay Inc, the multinational Internet consumer-to-consumer corporation.
Cold weather slams U.S. factory output, spurs growth fears
WASHINGTON (Reuters) – U.S. manufacturing output unexpectedly fell in January, recording its biggest drop in more than 4-1/2 years, as cold weather disrupted production in the latest indication the economy got off to a weak start this year.
Fed’s Fisher: What’s best for U.S. is best for world
(Reuters) – Dallas Federal Reserve Bank President Richard Fisher on Friday downplayed the turmoil in some emerging markets that greeted the U.S. central bank’s move to reduce its massive stimulus program, saying the Fed’s focus should stay on the Unite…
U.S. decision watched in dispute over solar imports from China, Taiwan
LOS ANGELES/WASHINGTON (Reuters) – American trade officials on Friday will take a first step on potentially extending import duties on Chinese solar energy products to also cover panels made with parts from Taiwan, in a case that could have a major imp…
Toyota recalls about 295,000 vehicles globally for electrical fault
DETROIT (Reuters) – Toyota Motor Corp is recalling about 295,000 Lexus and Toyota brand vehicles globally, mostly in the United States, because various safety systems including stability control and anti-lock brakes could become inoperative.
Stock funds worldwide attract $11.5 billion after record outflow: BofA
NEW YORK (Reuters) – Fund investors worldwide committed $11.5 billion to stock funds in the week ended Wednesday on reassurance from Federal Reserve chair Janet Yellen that the U.S. economy was on a better track, data from a Bank of America Merrill Lyn…
Consumer sentiment holds steady in February
NEW YORK (Reuters) – U.S. consumer sentiment was unchanged in early February as Americans’ optimism about their future prospects was tempered by concern over their current finances, a survey on Friday showed.
U.S. export prices rise for third straight month
WASHINGTON (Reuters) – U.S. export prices rose in January for the third straight month, potentially positive signs for global economic demand and the outlook for American manufacturers.
German grocers push upmarket in cut-throat retail race
BERLIN (Reuters) – The German grocery market, long dominated by discounters such as Aldi and Lidl, is undergoing a makeover as shoppers demand more upmarket products like organic meat and exotic cheeses and retailers take tentative steps onto the web.
Exclusive: U.S. Murphy Oil eyes up to $3 billion Asia assets sale – sources
HONG KONG (Reuters) – Murphy Oil Corp is considering selling some of its Asian oil and gas assets in a deal that could fetch up to $3 billion, sources said, as it looks to scale down in the region like some other U.S. energy companies.
