Japan needs to raise sales tax next year: Finance Minister
TOKYO (Reuters) – Japan must raise its sales tax rate next year as scheduled to show it is serious about fixing up its tattered finances, the finance minister said on Tuesday as the government upgraded its view of the economy and said deflation was eas…
Consumers more confident, less worried about jobs: global survey
LONDON (Reuters) – Global consumer confidence rose in the second quarter with more optimistic perceptions about jobs, personal finances and spending intentions in the United States, China and Japan, a survey shows.
PacWest Bancorp to buy CapitalSource for $2.29 billion
(Reuters) – Bank holding company PacWest Bancorp said it will buy commercial bank CapitalSource Inc for about $2.29 billion in cash and stock to expand its presence in southern California.
Home sales take a breather, but prices hit five-year high
WASHINGTON (Reuters) – U.S. home resales unexpectedly fell in June after two straight months of hefty increases, but a surge in prices to a five-year high suggested the housing market recovery remained on course.
Home sales take a breather, but prices hit five-year high
WASHINGTON (Reuters) – U.S. home resales unexpectedly fell in June after two straight months of hefty increases, but a surge in prices to a five-year high suggested the housing market recovery remained on course.
McDonald’s signals weak 2013 as U.S. rivals, Europe economy bite
(Reuters) – McDonald’s Corp on Monday dashed investor hopes that its business would strengthen in the second half of the year, blaming tougher competition in the U.S. and weaker sales in Europe.
Wall St. edges higher despite McDonald’s disappointment
NEW YORK (Reuters) – The S&P 500 notched a third consecutive record closing high on Monday and major indexes rose, though disappointing McDonald’s earnings kept the Dow from making significant gains.
Strong showing for Hasbro games business lifts shares
(Reuters) – Sales of Hasbro Inc games, including “Monopoly” and “Magic: The Gathering,” jumped 19 percent in the second quarter, suggesting the No. 2 toymaker may be shoring up a weak area that could help offset a steady decline in demand for action fi…
Legal wrangling shadows Detroit bankruptcy filing
LANSING, Michigan (Reuters) – The tug of war over whether Detroit legally could file for municipal bankruptcy continues this week as the city seeks an initial hearing in U.S. federal court to put on hold challenges to the filing in Michigan court.
Apple developer site shuttered four days after attack
BOSTON (Reuters) – A website that Apple Inc uses to communicate with its community of some 6 million software developers remained shuttered on Monday, four days after a cyber attack that prompted a harried upgrade to prevent future breaches.
