Herbalife estimates profit above forecasts, reassures investors
(Reuters) – Herbalife Ltd estimated fourth-quarter profit and sales above market forecasts, dealing a setback to investor William Ackman who has accused the nutrition and weight loss company of being a pyramid scheme and taken a big short position on t…
Ex-Chesapeake CEO’s American Energy doubles Utica acreage in Ohio
NEW YORK (Reuters) – Former Chesapeake Energy Corp CEO Aubrey McClendon’s American Energy Partners said on Monday that it had struck three deals in Ohio’s Utica shale region, doubling its holdings there.
VW’s Audi says January U.S. sales up 0.4 percent
FRANKFURT (Reuters) – Volkswagen’s Audi said on Monday January sales in the United States rose by 0.4 pct from last year to 10,101 vehicles, boosted by sales of its luxury SUVs.
Like the Fed, Bank of England could go ‘dotty’ with forward guidance
LONDON (Reuters) – When it begins overhauling its “forward guidance” policy this month, the Bank of England may be tempted to look across the Atlantic for inspiration, perhaps even cloning one of the tools that has served the U.S. Federal Reserve well….
Manufacturing growth slows in January as new orders plunge: ISM
NEW YORK (Reuters) – Manufacturing grew at a substantially slower pace in January as new order growth plunged by the most in 33 years, driving overall factory activity to an eight-month low, an industry report showed on Monday.
Southwest Airlines plans nonstop routes from Dallas to 15 cities
(Reuters) – Southwest Airlines said on Monday it will offer nonstop flights from its base at Dallas Love Field, Texas, to 15 cities including Chicago, New York and Los Angeles later this year, after the expiry of flight restrictions from that airport.
Yellen sworn in as first woman Fed chair
WASHINGTON (Reuters) – Janet Yellen was sworn in Monday to a term as chair of the U.S. central bank, the Federal Reserve said in a statement.
Bernanke to join U.S. policy think tank Brookings
NEW YORK (Reuters) – Former Federal Reserve Chairman Ben Bernanke will join the Brookings Institution, a politically centrist policy think tank based in Washington, beginning on Monday.
Treasury’s Lew warns that U.S. default could happen quickly
WASHINGTON (Reuters) – The Obama administration warned on Monday it could start defaulting on the government’s obligations “very soon” after hitting a limit on the national debt later this month.
U.S. manufacturing growth slows in January: Markit
NEW YORK (Reuters) – U.S. manufacturing grew less briskly in January after hitting an 11-month high the prior month as output and overseas demand slowed, an industry report showed on Thursday.
