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Home construction slips in January
U.S. homebuilders slowed the pace of construction in January, breaking ground on fewer single-family houses ahead of the spring buying season.
Stock Futures Little Changed Before Open
U.S. stock-index futures were little changed, with the Standard & Poor’s 500 Index at a record, as investors awaited minutes from the last...
Greece to present creditors with proposal on loan extension
Greece was preparing Wednesday to present its creditors with an official proposal aimed to save bailout talks from collapse, as time is running out for a deal that would keep the country solvent and within the euro currency bloc.Government spokesman Gavriil Sakellaridis said the Greek plan would involve extending the 240 billion euro international loan agreement that has kept the country afloat since it nearly went bankrupt in 2010 — but, apparently, without the austerity...
Sony outlines 3-year recovery plan, targets $4.2B earnings
Money-losing Sony will spin off its video-and-sound business into a separate company and shrink its headquarters as part of a three-year turnaround plan to speed up decision-making and become profitable again.The company is targeting an operating profit of 500 billion yen ($4.2 billion) and a 10 percent return on equity for the fiscal year through March 2018, but it won't target sales, highlighting its new approach...
What the strong U.S. dollar really means for stock prices
The strong U.S. dollar has been one of the most widely cited reasons for why this latest earnings season has been a disappointment.
World stocks rise as Greek jitters ease in quiet trading
World stocks advanced Wednesday on investor optimism ahead of a European Central Bank meeting on bailout conditions for Greece, though trading was subdued as many Asian markets were shut for the Lunar New Year.KEEPING SCORE: European markets were higher in early trading. Britain's FTSE 100 rose 0.3 percent to 6,916.56 and France's CAC 40 gained 0.6 percent to 4,782.76. Germany's DAX climbed 0.4 percent to 10,943.13. U.S. stocks were poised to open higher, with Dow futures edging up 0.1 percent to 18,017.00. Broader S&P 500 futures crept up less than...
Investors Get Taste of Interest-Rate Impact as Yield Stocks Fall
(Bloomberg) -- For investors worried about how stocks will react to rising interest rates, last week’s trading may provide some guidance. Following...
Oil Rally Seen Reversing as Rising U.S. Supply Deepens Glut
The rebound in oil will reverse because rising U.S. production is deepening...
Swiss prosecutor searches HSBC premises, opens criminal inquiry
Geneva's public prosecutor searched the premises of HSBC Holdings PLC (HSBA.L) in Geneva on Wednesday and said it had opened a criminal inquiry into allegations of aggravated money laundering.
Stock markets keep calm and carry on
War, financial crises and deflation again haunt the markets in the new year, but stocks somehow keep calm and carry on.
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