U.S. data gives conflicting signals on economy’s health
WASHINGTON (Reuters) – Contracts to buy previously owned U.S. homes fell for the third straight month in August but fewer Americans filed new claims for jobless benefits last week, giving conflicting signals on the health of the economy.
Exclusive: Petrobras, IBV wells show major new oil find in Brazil
RIO DE JANEIRO (Reuters) – A drilling campaign off Brazil’s northeastern coast shows that an area controlled by Petrobras and an Indian partner likely holds more than a billion barrels of oil, government and industry officials told Reuters, bolstering …
J.C. Penney sees no need to raise cash this year – CEO
(Reuters) – J.C. Penney Co Inc Chief Executive Myron Ullman, responding to concerns about the company’s liquidity, said he does not expect the retailer to need to raise cash this year.
CEO to retire as Air Products strikes deal with Ackman
(Reuters) – Air Products & Chemicals Inc Chief Executive John McGlade will retire next year and the industrial gas producer appointed three new independent directors, avoiding a fight over board membership with activist investor Bill Ackman.
Ford’s Russia venture to create R&D centre
MOSCOW (Reuters) – Ford Sollers, a joint venture between U.S. automaker Ford Motor Co and Russian carmaker Sollers , is creating a new research and development centre in Russia to adapt Ford vehicles for the local market, the company said on Thursday.
BATS exchange says experiencing networking issue; halt on BYX
NEW YORK (Reuters) – BATS exchange said on Thursday it is experiencing an internal networking issue and that trading was halted on its smaller marketplace, BYX, at 9:44 a.m. ET.
EBay to bolster PayPal business with Braintree acquisition
(Reuters) – EBay Inc said it would buy payment gateway Braintree for about $800 million in cash to strengthen PayPal’s presence on smartphones and tablets.
U.S. Treasury kicks off third stage of GM exit
DETROIT (Reuters) – The U.S. Treasury launched on Thursday the third phase of its plan to sell its stake in General Motors Co , the U.S. automaker that took a government bailout in 2009.
Uralkali CEO moved to house arrest in Belarus: lawyer
MINSK (Reuters) – The chief executive of Russian potash producer Uralkali has been moved from jail to house arrest in Belarus, signaling that a diplomatic spat over the collapse of a sales cartel could be nearing an end.
Asda and Tesco apologies for ‘mental patient’ costumes
LONDON (Reuters) – Britain’s two biggest retailers, Tesco and Asda, have each withdrawn a Halloween costume from sale and apologized to customers after being criticized for stereotyping those suffering from mental illness.
