China house prices show signs of stabilizing: surveys
BEIJING (Reuters) – Chinese property prices rose again in December, according to two private surveys, but are showing signs of stabilizing following government measures aimed at cooling the housing market and averting the threat of a bubble.
China’s factory growth slower but resilient at year end
BEIJING (Reuters) – Growth in China’s factories slowed slightly in December as export orders and output weakened, official data showed on Wednesday, adding to views that while the world’s second-largest economy remains resilient, it lost some steam in …
Wall St. ends best year since 1990s with moderate gains
NEW YORK (Reuters) – Stocks closed out their best year in more than 15 on Tuesday, with major indexes advancing throughout 2013 on the back of the Federal Reserve’s massive stimulus and expectations for accelerating growth going forward.
Bombardier gets business jet order worth $2.2 billion
(Reuters) – Bombardier Inc said on Tuesday it received a firm order from an undisclosed customer to buy 38 business aircraft in a deal valued at about $2.2 billion.
Target faces problems with gift cards sold over holidays
NEW YORK (Reuters) – Target Corp, which is dealing with one of the largest ever payment-data breaches in U.S. retail history, said on Tuesday that some of the gift cards it sold over the holiday season were not activated properly.
Apple says never worked with NSA on iPhone hacks
SAN FRANCISCO (Reuters) – Apple Inc has never worked with the U.S. National Security Agency and is unaware of efforts to target its smartphones, the company said in response to reports that the spy agency had developed a system to hack into and monitor…
Cohen’s SAC ends life as hedge fund with double-digit returns
BOSTON (Reuters) – Billionaire investor Steven A. Cohen’s SAC Capital Advisors is ending its life as a hedge fund with a 20.10 percent gain this year, marking one of the industry’s best returns even after SAC pleaded guilty to insider trading charges, …
Hewlett-Packard to cut 5,000 more jobs
(Reuters) – Hewlett-Packard Co said it would cut 5,000 more jobs, bringing the total number of layoffs to 34,000, or 11 percent of its workforce.
World indexes finish vintage year, more gains seen in 2014
NEW YORK (Reuters) – U.S. stocks were set to close 2013 at record levels, with world equity markets close to six-year peaks on Tuesday, while benchmark bond yields were poised for their first annual rise since 2009.
Self-driving cars to be 9 percent of global auto sales in 2035: study
DETROIT (Reuters) – Sales of vehicles able to drive themselves will account for about 9 percent of global auto sales in about two decades, according to a forecast published on Tuesday by auto industry consultant IHS Automotive.
