Dow, S&P end at records, stocks mark fourth week of gainsBy Leah Schnurr NEW YORK (Reuters) - Stocks continued their climb into uncharted territory on Friday, racking up the fourth week of gains in a row as encouraging economic data prompted investors to pick … More »Dow, S&P end at records, stocks mark fourth week of gains
By Leah Schnurr NEW YORK (Reuters) - Stocks continued their climb into uncharted territory on Friday, racking up the fourth week of gains in a row as encouraging economic data prompted investors to pick up shares of growth companies. The Dow and the S&P 500 finished at fresh record highs, driven by gains in energy and industrial …
Wall Street Week Ahead: Correction talk gets old as rally sails alongBy Angela Moon NEW YORK (Reuters) - With the broad S&P 500 Index gliding once again into uncharted territory and posting four straight weeks of gains, the talk of Wall Street's rally inevitably hitting … More »Wall Street Week Ahead: Correction talk gets old as rally sails along
By Angela Moon NEW YORK (Reuters) - With the broad S&P 500 Index gliding once again into uncharted territory and posting four straight weeks of gains, the talk of Wall Street's rally inevitably hitting a ceiling is starting to get old. Concerns about a technical correction have been a hot topic for weeks, especially as …
Obama budget would cut deficit by $1.1 trillion over decade: CBOWASHINGTON (Reuters) - Near-term U.S. deficits under President Barack Obama's 2014 budget plan would be higher than those forecast by the Congressional Budget Office this week but would be $1.1 trillion … More »Obama budget would cut deficit by $1.1 trillion over decade: CBO
WASHINGTON (Reuters) - Near-term U.S. deficits under President Barack Obama's 2014 budget plan would be higher than those forecast by the Congressional Budget Office this week but would be $1.1 trillion lower over the coming decade, CBO said on Friday. The non-partisan congressional budget referee agency said that due to …
Two states say 2014 Obamacare insurance costs on low sideBy Sharon Begley and Caroline Humer (Reuters) - In a boost for President Barack Obama's healthcare reform law, two states in the Northwest said on Friday that insurance companies submitted applications … More »Two states say 2014 Obamacare insurance costs on low side
By Sharon Begley and Caroline Humer (Reuters) - In a boost for President Barack Obama's healthcare reform law, two states in the Northwest said on Friday that insurance companies submitted applications to sell policies on the states' health insurance exchanges at rates well below what some insurance executives had predicted. …
Oil price probe widens, senator wants Justice Department helpBy Simon Falush and Timothy Gardner LONDON/WASHINGTON (Reuters) - A European probe into possible oil price manipulation expanded with the investigation of a small niche trading house in the Netherlands, … More »Oil price probe widens, senator wants Justice Department help
By Simon Falush and Timothy Gardner LONDON/WASHINGTON (Reuters) - A European probe into possible oil price manipulation expanded with the investigation of a small niche trading house in the Netherlands, while a key U.S. senator on Friday called for the Justice Department to join the investigation. Dutch trading house Argos …
Exclusive: EU cites Chinese telecoms Huawei and ZTE for trade violationsBy Daniel Bases NEW YORK (Reuters) - Europe's top trade official for the first time late on Friday officially cited Chinese mobile telecommunications equipment makers Huawei and ZTE Corp for violating … More »Exclusive: EU cites Chinese telecoms Huawei and ZTE for trade violations
By Daniel Bases NEW YORK (Reuters) - Europe's top trade official for the first time late on Friday officially cited Chinese mobile telecommunications equipment makers Huawei and ZTE Corp for violating anti-dumping and anti-subsidy guidelines. European Union Trade Commissioner Karel De Gucht said he was prepared to launch …
SAC Capital won't fully cooperate with government: letterBy Emily Flitter and Katya Wachtel NEW YORK (Reuters) - Steven A. Cohen's hedge fund SAC Capital Advisors told investors on Friday it would no longer cooperate "unconditionally" with the U.S. government's … More »SAC Capital won't fully cooperate with government: letter
By Emily Flitter and Katya Wachtel NEW YORK (Reuters) - Steven A. Cohen's hedge fund SAC Capital Advisors told investors on Friday it would no longer cooperate "unconditionally" with the U.S. government's insider trading investigation. In a brief letter to investors, the $15 billion hedge fund did not elaborate but said …
May consumer sentiment highest in nearly six yearsBy Leah Schnurr NEW YORK (Reuters) - Americans felt better about their economic and financial prospects in early May as consumer sentiment rose to the highest level in nearly six years, an encouraging … More »May consumer sentiment highest in nearly six years
By Leah Schnurr NEW YORK (Reuters) - Americans felt better about their economic and financial prospects in early May as consumer sentiment rose to the highest level in nearly six years, an encouraging sign after other recent data had suggested broader U.S. growth is cooling. A gauge of future economic activity released …
China April housing inflation quickens to two year highBy Xiaoyi Shao and Michael Martina BEIJING (Reuters) - China's housing inflation accelerated to its fastest pace in April in two years, driven by a jump in prices in Beijing and Shanghai, complicating … More »China April housing inflation quickens to two year high
By Xiaoyi Shao and Michael Martina BEIJING (Reuters) - China's housing inflation accelerated to its fastest pace in April in two years, driven by a jump in prices in Beijing and Shanghai, complicating the task of policymakers trying to cool the property sector while supporting economic expansion. Average new home prices …
- DirecTV interested in buying video website Hulu: source
By Liana B. Baker (Reuters) - The largest U.S. satellite video provider, DirecTV, is one of the companies considering a bid for online video website Hulu, according to a source familiar with the situation. … More »DirecTV interested in buying video website Hulu: source
By Liana B. Baker (Reuters) - The largest U.S. satellite video provider, DirecTV, is one of the companies considering a bid for online video website Hulu, according to a source familiar with the situation. The person acknowledged that other parties were involved, adding that DirecTV was "one of many" suitors. Media reports …
Canada's PM defends aide at heart of growing expenses scandalBy David Ljunggren OTTAWA (Reuters) - Canadian Prime Minister Stephen Harper defended on Friday a top aide who is at the center of an expenses scandal that is becoming one of the biggest crises to hit … More »Canada's PM defends aide at heart of growing expenses scandal
By David Ljunggren OTTAWA (Reuters) - Canadian Prime Minister Stephen Harper defended on Friday a top aide who is at the center of an expenses scandal that is becoming one of the biggest crises to hit the governing Conservatives since they took office in 2006. Opposition parties want an inquiry into why Nigel Wright, Harper's …
Unemployment rates drop in most states, Illinois climbsWASHINGTON (Reuters) - Unemployment rates dropped in 43 out of the 50 U.S. states and in the District of Columbia in April from a year before, according to Labor Department data released on Friday. A handful … More »Unemployment rates drop in most states, Illinois climbs
WASHINGTON (Reuters) - Unemployment rates dropped in 43 out of the 50 U.S. states and in the District of Columbia in April from a year before, according to Labor Department data released on Friday. A handful of states, including Illinois, Delaware, Indiana, Wisconsin, Mississippi and New Hampshire saw their jobless rates …
Treasury gears up to buy time under reimposed debt capBy Margaret Chadbourn WASHINGTON (Reuters) - The Obama administration on Friday notified Congress it was prepared to take a series of steps to free up about $260 billion so it can keep paying the nation's … More »Treasury gears up to buy time under reimposed debt cap
By Margaret Chadbourn WASHINGTON (Reuters) - The Obama administration on Friday notified Congress it was prepared to take a series of steps to free up about $260 billion so it can keep paying the nation's bills once a temporary suspension in the government's debt ceiling lapses this weekend. To preserve its borrowing capacity, …
Sacramento Kings owners reach deal to sell team to local investorsBy Eric M. Johnson (Reuters) - The owners of the Sacramento Kings basketball franchise have struck a tentative deal to sell the California team to local investors after the National Basketball Association … More »Sacramento Kings owners reach deal to sell team to local investors
By Eric M. Johnson (Reuters) - The owners of the Sacramento Kings basketball franchise have struck a tentative deal to sell the California team to local investors after the National Basketball Association denied a proposal to move the team to Seattle, Sacramento Mayor Kevin Johnson said on Friday. The deal by an investor …
Fed has not lowered interest rates enough: KocherlakotaBy Ann Saphir CHICAGO (Reuters) - The Federal Reserve has not done enough to lower U.S. borrowing costs to boost economic growth, a top Fed official said on Friday, citing his outlook for overly low inflation … More »Fed has not lowered interest rates enough: Kocherlakota
By Ann Saphir CHICAGO (Reuters) - The Federal Reserve has not done enough to lower U.S. borrowing costs to boost economic growth, a top Fed official said on Friday, citing his outlook for overly low inflation and overly high unemployment over the next two to three years. Since the Great Recession, workers and businesses …
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