Fed bond-buying could be more aggressive than new timeline: Dudley
NEW YORK (Reuters) – The Federal Reserve’s asset purchases would be more aggressive than the timeline Chairman Ben Bernanke outlined last week if U.S. economic growth and the labor market turn out weaker than expected, the influential head of the New Y…
Pending home sales highest in more than six years
WASHINGTON (Reuters) – Contracts to purchase previously owned U.S. homes rose in May to the highest level in more than six years as buyers rushed to the market to lock in deals before interest rates climb higher.
De Beers CEO seeks slimmer, more flexible company
TEL AVIV (Reuters) – Diamond producer De Beers plans to cut costs and use machines more in place of labor as it strives to become leaner and more flexible in response to a tougher world economic environment, the company’s chief executive said.
Consumer spending rebounds, income jumps
WASHINGTON (Reuters) – Consumer spending rebounded and incomes recorded their largest increase in three months in May, adding to data that have suggested the economy has shifted to firmer ground.
Mitsubishi recalls over 3,000 SUVs in U.S. market for roof problem
DETROIT (Reuters) – Mitsubishi Motors Corp is recalling 3,181 Outlander Sport SUVs in the United States and Puerto Rico because the panoramic glass roof could detach.
DirecTV says Latin America unit over-reported subscriber numbers
(Reuters) – DirecTV said an internal investigation found that its Latin America unit had over-reported subscriber numbers at the end of March by about 200,000 due to improper practices by some employees.
Nestle to help 20,000 young people find jobs in Europe
VEVEY, Switzerland (Reuters) – Nestle, the world’s biggest food company and a major employer in Europe, plans to recruit 20,000 young people as the continent grapples with a youth unemployment crisis that is sapping consumer confidence.
ANA says Dreamliner jet had problem with AC power supply
TOKYO (Reuters) – One of All Nippon Airways’ 787 Dreamliner jets, made by Boeing Co, had a cockpit message saying that the aircraft might not be able to supply power for its air-conditioning system, the Japanese airline said on Thursday.
South Africa’s Aspen in $1 billion deal with Merck
JOHANNESBURG (Reuters) – Aspen Pharmacare said on Thursday that it would acquire drugs and a plant from U.S. firm Merck in a $1 billion deal that bolsters its presence in Europe, Latin America and Asia.
Malaysia’s SapuraKencana wins $2.7 billion contract from Petrobras
KUALA LUMPUR (Reuters) – Malaysian oil and gas services company SapuraKencana Petroleum Bhd said on Thursday it had won a $2.7 billion offshore-support-vessel contract from Brazil’s state run oil company, Petroleo Brasileiro Petrobas SA.
