Business

Toyota close to $1 billion deal to settle U.S. probe: WSJ

Toyota close to $1 billion deal to settle U.S. probe: WSJ

(Reuters) – Toyota Motor Corp is on the subject of a deal to pay $1 billion to settle a U.S. legal investigation into how it disclosed buyers’ complaints about unintended acceleration years in the past, the Wall Side road Journal said on Friday, citing nameless sources. Toyota may reach a […]

 
 

Will U.S. stock buyers beat back the bear?

Will U.S. stock buyers beat back the bear?

Through Angela Moon NEW YORK (Reuters) – After the S&P 500's first weekly gain in a month, investors will see subsequent week whether or not the U.S. stock market's rally of the final two days is the form of higher things to come – or if this 12 months's weak […]

 
 

Moody’s cuts Puerto Rico to junk

Moody’s cuts Puerto Rico to junk

Moody's on Friday reduce Puerto Rico's credit rating to junk standing, citing concerns concerning the fiscally challenged U.S. territory's vulnerable growth and talent to get admission to capital markets. Moody's, which positioned Puerto Rico's rating on notice for a downgrade late final year, said it now charges the commonwealth's common […]

 
 

Disney earnings rise on ESPN growth, film hit ‘Frozen’

Disney earnings rise on ESPN growth, film hit ‘Frozen’

Media company Walt Disney Co pronounced larger revenue for the quarter that led to December, boosted by way of boom at sports activities network ESPN and the strong performance of its animated hit film “Frozen.” The corporate posted diluted revenue per share of $1.03, according to a statement launched on […]

 
 

Twitter reports lackluster user growth, $243 million revenue

Twitter reports lackluster user growth, $243 million revenue

Twitter Inc pronounced anemic user boom all through the final three months of 2013, sending shares sinking after its first quarterly document as a public company. It averaged 241 million month-to-month users, up just 3.eight % from the previous quarter – the lowest fee for the reason that Twitter started […]

 
 

Stocks end down; data fails to lift mood

Stocks end down; data fails to lift mood

NEW YORK (Reuters) – U.S. shares closed lower on Wednesday after the most recent batch of blended data didn’t make stronger sentiment following Monday's weak file on the manufacturing sector, which drove the S&P 500 to its worst drop making an allowance for June. Consistent with the most contemporary available […]

 
 

GM, Ford sales stall

GM, Ford sales stall

Through Ben Klayman and Bernie Woodall DETROIT (Reuters) – The top three U.S. retailers blamed extreme climate for poorer-than-expected auto gross sales in January, as analysts envisioned a rebound in February and March. U.S. automakers Ford Motor Co and General Motors Co and Japan’s Toyota Motor gross Sales USA noticed […]

 
 

Factory, construction spending data hint at slowing economy

Factory, construction spending data hint at slowing economy

By Lucia Mutikani NEW YORK (Reuters) – U.S. manufacturing task slowed sharply in January on the back of the biggest drop in new orders in 33 years whereas development spending barely rose in December, pointing to a few loss of steam within the economy. The Institute for Supply Management (ISM) […]

 
 

Wall Street tumbles as data points to slower growth

Wall Street tumbles as data points to slower growth

It seems like a common slowdown, although you don't know how much of this is climate related," said Paul Zemsky, head of asset allocation at ING Investment Management in New York. "Mix that with the fact rising market currencies continue to dump, and things don't seem to be too just […]

 
 

Wall Street falls; Dow, S&P end worst month since May 2012

Wall Street falls; Dow, S&P end worst month since May 2012

By using Caroline Valetkevitch NEW YORK (Reuters) – A selloff in rising markets sent a cold chill down Wall Street, triggering a slide on Friday and making January its worst month due to the fact May 2012 after one in all its perfect years in additional than a decade. For […]

 
 

For companies, a rocky road ahead in emerging markets

For companies, a rocky road ahead in emerging markets

And lots of warn that if China suffers a credit challenge as some worry, then things may get a complete lot worse. The sudden onslaught of market volatility in Turkey, Argentina, South Africa and Brazil, together with concerns about an abrupt slowdown in China, means corporations at the moment are […]

 
 

Amazon holiday sales in line, stock drops

Amazon holiday sales in line, stock drops

SEATTLE (Reuters) – Amazon.com Inc suggested close-to-anticipated gross sales for the the most important vacation quarter, with less boom than some had hoped for outside North The united states, pushing its shares down more than 9 % after hours. The arena's greatest Internet retailer, which has ceaselessly chipped away at […]

 
 

Google fourth-quarter consolidated revenue tops Wall Street target

Google fourth-quarter consolidated revenue tops Wall Street target

With the aid of Alexei Oreskovic SAN FRANCISCO (Reuters) – Google Inc's consolidated income beat Wall Street's goal within the fourth quarter whilst pricing for its on-line advertisements weakened right through the vacation season. Shares of Google, the sector's No.1 Web search engine, were essentially flat at $1136.94 in after […]

 
 

Wall Street rallies on Facebook, GDP data

Wall Street rallies on Facebook, GDP data

NEW YORK (Reuters) – Stocks soared on Thursday, helped by using positive aspects in Facebook and other tech corporations, in addition to information displaying the U.S. financial system was once on solid footing within the fourth quarter. The Dow Jones industrial reasonable shot up 109.eighty two points, or zero.70 percent, […]

 
 

China approves Thermo Fisher, Life Tech deal with conditions

China approves Thermo Fisher, Life Tech deal with conditions

BEIJING (Reuters) – China’s Commerce Ministry mentioned it had authorized U.S.-listed laboratory equipment maker Thermo Fisher Scientific Inc’s $thirteen.6 billion takeover of Life Applied sciences Corp , subject to sure stipulations. The prerequisites are that Thermo Fisher lower the prices of two types of its merchandise sold in China, sell […]