Analysis: Spring thaw to briefly relieve hot U.S. beef prices
CHICAGO (Reuters) – Already pricey beef at grocery stores is expected to become even more expensive in February – wholesale beef and cattle prices are at all-time highs this winter in the United States, fueled by a tight supply of cattle.
Boeing shares dip on cautious outlook despite fourth-quarter profit rise
NEW YORK (Reuters) – Conservative profit and cash-flow forecasts spooked Boeing Co investors on Wednesday, sending the stock down 5 percent and overshadowing the company’s strong fourth-quarter profit.
Analysis: Oil trains to keep rumbling through North America’s cities
TORONTO (Reuters) – Mile-long trains carrying crude oil will likely keep chugging through North American cities even after a string of fiery disasters spurred safety officials to urge that railways send risky cargo along less populated routes.
Analysis: Obama’s fresh call for housing reform unlikely to spur much action
WASHINGTON (Reuters) – President Barack Obama’s renewed pitch for legislation to wind down mortgage-finance giants Fannie Mae and Freddie Mac is unlikely to break a political log-jam that threatens to put the goal out of reach – at least while he’s in …
Ex-AIG CEO loses appeal of bailout lawsuit vs. N.Y. Fed
NEW YORK (Reuters) – Former American International Group Inc Chief Executive Maurice “Hank” Greenberg lost his appeal Wednesday in a lawsuit accusing the Federal Reserve Bank of New York of unlawfully bailing out the insurer at the height of the 2008 f…
Biogen profit rises as new multiple sclerosis drug shines
(Reuters) – Biogen Idec Inc said on Wednesday its new, high-profile oral multiple sclerosis drug Tecfidera had sales of $398 million in the fourth quarter, easily exceeding estimates for a third successive quarter and keeping it on track to top $1 bill…
Deloitte leapfrogs PwC to become top accountant: global survey
LONDON (Reuters) – Deloitte has pipped rival PwC to become the world’s top accountant by revenue in the face of rising pressure on fees and new rules boosting competition, a global survey showed.
Pimco appoints four more deputy CIOs after El-Erian quits
NEW YORK (Reuters) – Pimco, the world’s largest bond fund manager, said on Wednesday the firm had appointed four additional deputy chief investment officers ahead of CEO Mohamed El-Erian’s departure.
Sotheby’s sets dividend, share buybacks, investors shrug
BOSTON (Reuters) – Sotheby’s said on Wednesday it will return $450 million to investors through a special dividend and a share buyback, but the moves got a lukewarm reception from investors including two activist hedge fund managers who have been press…
U.N. sounds alarm on worsening global income disparities
UNITED NATIONS (Reuters) – The U.N. Development Program warned in a report on Wednesday that income disparities in countries around the world have been worsening, posing new risks for global economic and political stability.
