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    • A vacant home for sale is pictured in Yonkers
      Mortgage applications tumble as rates rise further: MBA

      NEW YORK (Reuters) - Interest rates on home mortgages rose last week to hit their highest level in over a year, sapping demand from potential homeowners, data from an industry group showed on Wednesday. … More »Mortgage applications tumble as rates rise further: MBA

      A vacant home for sale is pictured in Yonkers

      NEW YORK (Reuters) - Interest rates on home mortgages rose last week to hit their highest level in over a year, sapping demand from potential homeowners, data from an industry group showed on Wednesday. Rates climbed 2 basis points to average 4.17 in the week ended June 14, according to the Mortgage Bankers Association. …

    • Fourth F-35 Lightning II arrives at Nellis Air Force Base
      Pentagon, contractors take aim at F-35 operating costs

      By Andrea Shalal-Esa PARIS (Reuters) - With development and technology challenges on the Lockheed Martin Corp F-35 fighter increasingly under control, the company and the U.S. military are taking aim at … More »Pentagon, contractors take aim at F-35 operating costs

      Fourth F-35 Lightning II arrives at Nellis Air Force Base

      By Andrea Shalal-Esa PARIS (Reuters) - With development and technology challenges on the Lockheed Martin Corp F-35 fighter increasingly under control, the company and the U.S. military are taking aim at a more vexing problem: the cost of flying and maintaining the new warplane. U.S. officials worry the current $1.1 trillion …

    • An aerial view of the 50th Paris Air Show, at the Le Bourget airport near Paris
      Boeing's new Dreamliner steps up big jet battle

      By Alwyn Scott and Tim Hepher PARIS (Reuters) - Boeing launched a larger version of its flagship Dreamliner aircraft at the Paris Airshow on Tuesday, intensifying the battle with rival Airbus in the booming … More »Boeing's new Dreamliner steps up big jet battle

      An aerial view of the 50th Paris Air Show, at the Le Bourget airport near Paris

      By Alwyn Scott and Tim Hepher PARIS (Reuters) - Boeing launched a larger version of its flagship Dreamliner aircraft at the Paris Airshow on Tuesday, intensifying the battle with rival Airbus in the booming market for fuel-efficient, long-haul jets. The hotly anticipated announcement of the 787-10 Dreamliner, with 102 firm …

    • Narayen, president and chief executive officer of Adobe Systems Inc., speaks in New York
      Adobe profit beats as Creative Cloud subscriptions soar

      By Sruthi Ramakrishnan (Reuters) - Adobe Systems Inc, which makes the Photoshop and Acrobat software, reported a higher-than-expected adjusted quarterly profit as demand rose for Creative Cloud, the subscription-based … More »Adobe profit beats as Creative Cloud subscriptions soar

      Narayen, president and chief executive officer of Adobe Systems Inc., speaks in New York

      By Sruthi Ramakrishnan (Reuters) - Adobe Systems Inc, which makes the Photoshop and Acrobat software, reported a higher-than-expected adjusted quarterly profit as demand rose for Creative Cloud, the subscription-based version of its flagship software package. Shares of the company rose 4.4 percent in after-market trading. …

    • Traders work on the floor at the New York Stock Exchange
      Wall St. to open little changed as Fed statement looms

      By Rodrigo Campos NEW YORK (Reuters) - Stocks were set to open little changed on Wednesday, holding on to gains over the last two days, ahead of a highly anticipated Federal Reserve statement and news … More »Wall St. to open little changed as Fed statement looms

      Traders work on the floor at the New York Stock Exchange

      By Rodrigo Campos NEW YORK (Reuters) - Stocks were set to open little changed on Wednesday, holding on to gains over the last two days, ahead of a highly anticipated Federal Reserve statement and news conference. The Fed will release a policy statement at 2:00 p.m. EDT, which will be followed soon after by a news briefing …

    • Workers build a booth for Dish, a satellite TV provider, as they prepare for the International CES show at the Las Vegas Convention Center in Las Vegas
      Softbank closer to acquiring Sprint after Dish abandons bid for now

      By Sophie Knight and Sinead Carew TOKYO/NEW YORK (Reuters) - Japan's SoftBank Corp cleared a major hurdle in its attempt to buy U.S. wireless provider Sprint Nextel Corp, as rival bidder Dish Network Corp … More »Softbank closer to acquiring Sprint after Dish abandons bid for now

      Workers build a booth for Dish, a satellite TV provider, as they prepare for the International CES show at the Las Vegas Convention Center in Las Vegas

      By Sophie Knight and Sinead Carew TOKYO/NEW YORK (Reuters) - Japan's SoftBank Corp cleared a major hurdle in its attempt to buy U.S. wireless provider Sprint Nextel Corp, as rival bidder Dish Network Corp declined to make a new offer after SoftBank sweetened its own bid last week. SoftBank Chief Executive Masayoshi Son …

    • Prices are seen on goods in a shop window in New York City
      Inflation data points to firming economy

      By Jason Lange WASHINGTON (Reuters) - Inflation showed signs of stabilizing in May after a long decline, a potential comfort to Federal Reserve policymakers who want to avoid any chance of a debilitating … More »Inflation data points to firming economy

      Prices are seen on goods in a shop window in New York City

      By Jason Lange WASHINGTON (Reuters) - Inflation showed signs of stabilizing in May after a long decline, a potential comfort to Federal Reserve policymakers who want to avoid any chance of a debilitating bout of deflation. The Labor Department said on Tuesday the consumer price index edged 0.1 percent higher last month …

    • Handlers scan and affix a courier route label onto packages moving down the belt at the Marina Del Rey, California FedEx station
      FedEx shares dip on growth concerns

      (Reuters) - FedEx Corp said on Wednesday it was cutting its capacity between the United States and Asia, sending its shares lower on concerns about future growth, even as the world's biggest air-freight … More »FedEx shares dip on growth concerns

      Handlers scan and affix a courier route label onto packages moving down the belt at the Marina Del Rey, California FedEx station

      (Reuters) - FedEx Corp said on Wednesday it was cutting its capacity between the United States and Asia, sending its shares lower on concerns about future growth, even as the world's biggest air-freight company posted a stronger-than-expected profit. The company, considered an economic bellwether because of the massive …

    • The Google logo is seen on the top of its China headquarters building in Beijing
      Google challenges surveillance court on First Amendment grounds

      SEATTLE (Reuters) - Google Inc asked the U.S. Foreign Intelligence Surveillance Court on Tuesday to allow it to publish aggregate numbers of national security requests it receives separately from criminal … More »Google challenges surveillance court on First Amendment grounds

      The Google logo is seen on the top of its China headquarters building in Beijing

      SEATTLE (Reuters) - Google Inc asked the U.S. Foreign Intelligence Surveillance Court on Tuesday to allow it to publish aggregate numbers of national security requests it receives separately from criminal requests, on First Amendment grounds. In its filing, Google requested the court to allow it to publish the aggregate …

    • World Bank President Jim Yong Kim speaks at a Thomson Reuters Newsmaker event, at Canary Wharf in east London
      World Bank watching Fed, ready to respond

      By Paul Ingrassia and Mike Peacock LONDON (Reuters) - The World Bank is concerned about the spillover effects on developing countries of a slowing of U.S. money creation and will move to provide affordable … More »World Bank watching Fed, ready to respond

      World Bank President Jim Yong Kim speaks at a Thomson Reuters Newsmaker event, at Canary Wharf in east London

      By Paul Ingrassia and Mike Peacock LONDON (Reuters) - The World Bank is concerned about the spillover effects on developing countries of a slowing of U.S. money creation and will move to provide affordable capital when borrowing costs rise, its president said on Wednesday. The U.S. Federal Reserve has sparked a bout of …

    • Airbus' President and CEO Bregier, Air France-KLM incoming Chief Executive de Juniac and Rolls-Royce's President of Civil Large Engines Schulz, shake hands after a signing ceremony at the 50th Paris Air Show near Paris
      Airbus wins A350 order from Air France-KLM

      PARIS (Reuters) - Airbus sealed a long-awaited order for 25 A350-900 aircraft from Air France-KLM worth $7.2 billion at list prices after Rolls-Royce and the airline reached a deal over engine maintenance. … More »Airbus wins A350 order from Air France-KLM

      Airbus' President and CEO Bregier, Air France-KLM incoming Chief Executive de Juniac and Rolls-Royce's President of Civil Large Engines Schulz, shake hands after a signing ceremony at the 50th Paris Air Show near Paris

      PARIS (Reuters) - Airbus sealed a long-awaited order for 25 A350-900 aircraft from Air France-KLM worth $7.2 billion at list prices after Rolls-Royce and the airline reached a deal over engine maintenance. The airline also took a further 25 options on the planes, the companies said at the Paris Airshow on Wednesday. Industry …

    • U.S. Federal Reserve Chairman Bernanke speaks during a news conference in Washington
      Fed seen keeping options open on pace of bond buying

      By Alister Bull WASHINGTON (Reuters) - Federal Reserve policymakers will likely announce on Wednesday that they will keep buying bonds at a monthly pace of $85 billion, while keeping their options open … More »Fed seen keeping options open on pace of bond buying

      U.S. Federal Reserve Chairman Bernanke speaks during a news conference in Washington

      By Alister Bull WASHINGTON (Reuters) - Federal Reserve policymakers will likely announce on Wednesday that they will keep buying bonds at a monthly pace of $85 billion, while keeping their options open to scale back the program later this year if the U.S. labor market continues to improve. Economic data since the 19 officials …

    • File photo of U.S. President Obama meeting with Federal Reserve Chairman Bernanke at the White House in Washington
      Obama says Bernanke has 'stayed a lot longer' than he wanted at Fed

      By Steve Holland WASHINGTON (Reuters) - President Barack Obama hinted in an interview aired on Monday that he may be looking for a new chief of the U.S. Federal Reserve Bank, saying Ben Bernanke has stayed … More »Obama says Bernanke has 'stayed a lot longer' than he wanted at Fed

      File photo of U.S. President Obama meeting with Federal Reserve Chairman Bernanke at the White House in Washington

      By Steve Holland WASHINGTON (Reuters) - President Barack Obama hinted in an interview aired on Monday that he may be looking for a new chief of the U.S. Federal Reserve Bank, saying Ben Bernanke has stayed a lot longer than the current chairman had originally planned. Obama, speaking to Charlie Rose, host of a PBS interview …

    • An Eurofighter Typhoon jet is seen with weapons in a static display area, two days before the opening of the 50th Paris Air Show, at the Le Bourget airport
      New Eurofighter chief aims to make jet cheaper

      PARIS (Reuters) - The new chief of the Eurofighter Typhoon will lay out plans by the end of this year to make the fighter jet cheaper and decision-making quicker, as the aircraft gears up to vie for more … More »New Eurofighter chief aims to make jet cheaper

      An Eurofighter Typhoon jet is seen with weapons in a static display area, two days before the opening of the 50th Paris Air Show, at the Le Bourget airport

      PARIS (Reuters) - The new chief of the Eurofighter Typhoon will lay out plans by the end of this year to make the fighter jet cheaper and decision-making quicker, as the aircraft gears up to vie for more business in an increasingly crowded and competitive market. Alberto Gutierrez, the former head of operations at EADS …

    • A smartphone user shows the Facebook application on his phone in Zenica, in this photo illustration
      Exclusive: Facebook reaches 1 million active advertisers

      By Jennifer Saba (Reuters) - Facebook Inc said on Tuesday it now has 1 million active advertisers globally who used the platform in the last 28 days, a milestone for the company that is seeking to revive … More »Exclusive: Facebook reaches 1 million active advertisers

      A smartphone user shows the Facebook application on his phone in Zenica, in this photo illustration

      By Jennifer Saba (Reuters) - Facebook Inc said on Tuesday it now has 1 million active advertisers globally who used the platform in the last 28 days, a milestone for the company that is seeking to revive its revenue growth. A vast majority of those advertisers are small business owners who have flocked to the world's No. …

     

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