Amazon third-quarter sales bode well for holidays
(Reuters) – Amazon.com Inc posted a narrower quarterly loss and grew sales by a better-than-expected 24 percent on Thursday as it expanded aggressively at home and made inroads overseas, sending its shares up 8 percent.
Bowing to Wall Street, DuPont to spin off titanium dioxide unit
(Reuters) – DuPont said on Thursday it will spin off its titanium dioxide unit into a separately traded public company within 18 months, yielding to intense pressure from Wall Street to divest the volatile business.
Bank of America to eliminate up to 4,200 mortgage jobs
(Reuters) – Bank of America Corp said on Thursday that it was cutting up to 4,200 mortgage jobs as fewer borrowers refinance, and fewer home loans go bad.
Raytheon posts higher-than-expected profit, boosts forecast
WASHINGTON (Reuters) – Raytheon Co on Thursday joined other U.S. arms makers in reporting higher-than-expected quarterly earnings and raising full-year forecasts, saying it expected to maintain strong margins and cash flow in 2014 despite an expected d…
Wall St. gains on Fed hopes; Amazon.com up after the bell
NEW YORK (Reuters) – Stocks resumed their upward move on Thursday as economic data underscored views U.S. monetary stimulus will be in place for the foreseeable future and as earnings offered some upbeat news.
Exclusive: India eyes $15 billion rollover of subsidy costs into next budget
NEW DELHI (Reuters) – India’s finance minister is finding it harder and harder to meet the government’s budget promises and may sweep as much as $15 billion in subsidy costs into next year’s accounts to ensure he hits fiscal targets ahead of national e…
Analysis: Low rate pledge seen recharging Canada’s housing boom
TORONTO (Reuters) – The Bank of Canada’s surprising signal on Wednesday that it will not raise interest rates any time soon will lift the housing market and give indebted households breathing room, but it leaves many apprehensive there will be a hard r…
No U.S. mortgage limit changes before spring: FHFA
WASHINGTON (Reuters) – U.S. lenders will get at least six months’ notice before the government reduces the limit on the size of loans that taxpayer-owned Fannie Mae and Freddie Mac can back, the firms’ regulator said on Thursday.
China and Europe make up after averting trade war
BRUSSELS (Reuters) – China and the European Union sought to mend ties on Thursday after narrowly avoiding a trade war this year, but the EU’s trade chief told Beijing to stop handing out state subsidies that Brussels says are illegal.
Boston Scientific stents lag, CFO resigns, shares fall
(Reuters) – Boston Scientific Corp , which is in the midst of an attempted turnaround, reported weak sales of its heart stents and provided a disappointing fourth-quarter company sales forecast, sending its shares almost 7 percent lower on Thursday.
