Iberia to return to profit in 2014: IAG boss Walsh
LONDON (Reuters) – Recovering Spanish carrier Iberia will return to profit next year for the first time since 2010, the chief executive of its parent International Airlines Group said.
Harley-Davidson profit rises; shipment forecast unchanged
(Reuters) – Harley-Davidson Inc reported higher quarterly earnings on Tuesday, lifted by the normal summer surge in motorcycle sales in its key North American market, but it kept the full-year forecast for its global shipments unchanged.
U.S. construction spending approaches 4-1/2 year high
WASHINGTON (Reuters) – U.S. construction spending hit a near 4-1/2 year high in August, boosted by increases in both private and public outlays, a hopeful sign for third-quarter economic growth.
Fed won’t raise U.S. rates until well into 2015, traders bet
(Reuters) – Traders are betting the Federal Reserve will wait well into 2015 to raise interest rates after a U.S. government report showed the labor market lost steam even before this month’s government shutdown.
McGraw Hill profit beats estimates as S&P shines
(Reuters) – Standard & Poor’s owner, McGraw Hill Financial Inc , reported a higher-than-expected 56 percent jump in quarterly profit due to strong growth at the rating agency and S&P Dow Jones indices.
China central bank may tighten cash supply as home prices fuel inflation fears
BEIJING (Reuters) – China signaled concern on Tuesday that ample credit could fuel inflation as a report showed house prices jumped the most in nearly three years, with double-digit gains in major cities.
Goldman cuts stake in LEG Immobilien after share sale
FRANKFURT (Reuters) – Goldman Sachs and Perry Capital have cut their stakes in LEG Immobilien by selling shares worth 289 million euros, the first sale by the major shareholders since the German property group’s bourse debut this year.
Whirlpool raises full-year forecast as appliance sales rise
(Reuters) – Whirlpool Corp raised its full-year earnings forecast after strong sales of its home appliances in Europe and North America helped the company to more than double its quarterly profit.
Coach’s profit falls on continued weakness in North America
(Reuters) – Leather goods maker Coach Inc reported a lower first-quarter profit due to continued weakness in sales in North America, its biggest market.
Buffett’s Berkshire cuts Tesco stake by $485 million
LONDON (Reuters) – Billionaire Warren Buffett’s Berkshire Hathaway Inc has slashed its stake in Britain’s Tesco by 300 million pounds ($484.75 million), weeks after the world’s No.3 retailer posted disappointing half-year results.
