Finance

Finance 2016-07-27T22:37:24+00:00
  • Home sales fall as tight supply boosts prices
    WASHINGTON (Reuters) - U.S. home resales fell from a more than 10-year high in April, weighed down by a chronic shortage of houses on the market that is keeping prices elevated and sidelining prospective buyers. ... read more
    Source: Reuters BusinessPublished on 2017-05-24
  • Wall St. edges higher as Fed minutes release draws near
    (Reuters) - U.S. stocks were modestly higher early on Wednesday afternoon, aiming for a fifth straight day of gains, ahead of the minutes of the Federal Reserve's latest meeting that could cement the chances of a widely expected interest rate hike next month. ... read more
    Source: Reuters BusinessPublished on 2017-05-24
  • Loeb sees $20 billion more value from Dow-DuPont merger
    (Reuters) - Activist investor Daniel Loeb's Third Point LLC said Dow Chemical and DuPont could unlock $20 billion in additional value by tweaking their plan to split into three companies following their merger. ... read more
    Source: Reuters BusinessPublished on 2017-05-24
  • OPEC nearing deal to extend oil output cut to March 2018
    VIENNA (Reuters) - OPEC and non-member oil producers moved closer on Wednesday to clinching a deal on extending output cuts by nine months to clear a global stocks overhang and prop up the price of crude. ... read more
    Source: Reuters BusinessPublished on 2017-05-24
  • ‘Fight for 15’ targets McDonald’s shareholder meeting
    OAK BROOK, Ill. (Reuters) - Hundreds of fast-food workers demanding wage increases marched on Wednesday outside of the McDonald's Corp headquarters in a Chicago suburb during the company's annual shareholder meeting. ... read more
    Source: Reuters BusinessPublished on 2017-05-24
  • Linde, Praxair reach agreement on details of merger
    FRANKFURT (Reuters) - German industrial gases group Linde and U.S. peer Praxair have reached a deal in principle on details of their proposed $70 billion merger, Linde said on Wednesday. ... read more
    Source: Reuters BusinessPublished on 2017-05-24
  • Moody’s downgrades China, warns of fading financial strength as debt mounts
    SHANGHAI/BEIJING (Reuters) - Moody's Investors Service downgraded China's credit ratings on Wednesday for the first time in nearly 30 years, saying it expects the financial strength of the economy will erode in coming years as growth slows and debt continues to rise. ... read more
    Source: Reuters BusinessPublished on 2017-05-24