| | |
| CA-BUSINESS Summary Tuesday, Apr 02, 2013 09:05 PM PDT Asian shares fall on caution before U.S. jobs data TOKYO (Reuters) - Asian shares fell on Wednesday as investors waited for news on the U.S. economy, while the dollar recovered against the yen as the Bank of Japan's two-day policy meeting got underway. The Standard & Poor's 500 Index neared its all-time high the previous session and helped support Asian stocks earlier, but gains were trimmed as investors shifted focus to factors specific to each country while waiting for key events. Apartment vacancy rate falls to lowest level since 2001 NEW YORK (Reuters) - The U.S. ... Full Story | Top |
| Apartment vacancy rate falls to lowest level since 2001 Tuesday, Apr 02, 2013 09:05 PM PDT  By Ilaina Jonas NEW YORK (Reuters) - The U.S. apartment vacancy rate fell to its lowest level in more than a decade, but persistent stagnant income growth for U.S. workers has tempered the ability of landlords to raise rents, according to an industry report released on Wednesday. The national apartment vacancy rate fell 0.2 percentage points to 4.3 percent in the first quarter, the lowest since the fourth quarter 2001, according to a preliminary report by real estate research firm Reis Inc. Rents, on the other hand, grew by 0.5 percent, the smallest increase since the fourth quarter of 2011. ... Full Story | Top |
| Asian shares fall on caution before U.S. jobs data Tuesday, Apr 02, 2013 08:37 PM PDT  By Chikako Mogi TOKYO (Reuters) - Asian shares fell on Wednesday as investors waited for news on the U.S. economy, while the dollar recovered against the yen as the Bank of Japan's two-day policy meeting got underway. The Standard & Poor's 500 Index neared its all-time high the previous session and helped support Asian stocks earlier, but gains were trimmed as investors shifted focus to factors specific to each country while waiting for key events. The overnight gains in global stocks helped underpin the dollar and pushed gold bullion to a one-month low this session. ... Full Story | Top |
| Fed hawk Lacker and dove Evans face off over inflation Tuesday, Apr 02, 2013 08:02 PM PDT  By Alister Bull RICHMOND, Virginia (Reuters) - One of the Federal Reserve's most hawkish officials confronted one of the institution's most dovish policymakers on Tuesday in a rare joint public debate over the risks posed to inflation by the U.S. central bank's bold steps to spur growth. Policy dove Charles Evans, president of the Federal Reserve Bank of Chicago, and anti-inflation hawk Jeffrey Lacker, chief of the Richmond Fed, sparred pointedly and respectfully disagreed. ... Full Story | Top |
| Construction drives China March services PMI higher Tuesday, Apr 02, 2013 06:53 PM PDT  BEIJING (Reuters) - China's official purchasing managers' index (PMI) for the non-manufacturing sector rose to 55.6 in March from 54.5 in February, adding to signs of a modest uptick in the world's second-largest economy. The move higher was driven by activity in the construction sector, whose sub-index jumped 4.5 points from February to 62.5 in March, according to the survey from the National Bureau of Statistics. ... Full Story | Top |
| Exclusive: Nationwide, Reich & Tang to buy HighMark funds -sources Tuesday, Apr 02, 2013 06:41 PM PDT By Jessica Toonkel NEW YORK (Reuters) - Columbus, Ohio-based Nationwide Financial and New York-based Reich & Tang are buying UnionBanCal Corp's mutual fund business, three sources told Reuters on Tuesday. San Francisco-based UnionBanCal is expected to announce the sale of its HighMark Funds to the two parties in the next few days, said two of the sources, who wished to remain anonymous because they are not permitted to speak to the media. UnionBanCal is selling 19 of its 24 HighMark Funds to Nationwide Financial, the two sources said. ... Full Story | Top |
| U.S. pipeline agency issues corrective action order to Exxon Tuesday, Apr 02, 2013 04:43 PM PDT WASHINGTON (Reuters) - The U.S. Department of Transportation's pipeline authority said on Tuesday it had issued a corrective-action order to Exxon Mobil Corp following a leak of Canadian oil in Mayflower, Arkansas. The Pipeline and Hazardous Materials Safety Administration (PHMSA) said Exxon must test the Pegasus pipeline and submit a remedial work plan before it can resume operations. The pipeline leak, which occurred on Friday, has reignited the debate over the proposed Keystone XL pipeline, which would link Canada's oil sands region to refineries on the U.S. Gulf Coast. ... Full Story | Top |
| Analysis: Spills flame Canadian oil debate, but won't curb flows to U.S Tuesday, Apr 02, 2013 04:43 PM PDT  By Jeffrey Jones CALGARY, Alberta (Reuters) - Two high-profile oil spills won't stem the now-record flow of Canadian oil into the United States, despite the frenzy that the spills triggered among friends and foes of the Keystone XL pipeline to the main U.S. refineries. The fate of Keystone remains undecided, yet Canadian crude will become an increasing part of the U.S. energy mix, despite growing competition from new U.S. production. U.S. ... Full Story | Top |
| Judge dismisses suit against Paulson for China bet Tuesday, Apr 02, 2013 03:48 PM PDT  By Svea Herbst-Bayliss BOSTON (Reuters) - John Paulson scored a legal victory when a federal judge dismissed a lawsuit that charged the billionaire hedge fund manager failed to properly research an investment in China's Sino-Forest Corp that cost his fund hundreds of millions in losses. An amended order was entered on March 31, 2013, granting Paulson's motion to dismiss the case, court papers show. ... Full Story | Top |
| Penney CEO gets no bonus, stock award after dismal year Tuesday, Apr 02, 2013 03:31 PM PDT  By Phil Wahba (Reuters) - J.C. Penney Co Inc Chief Executive Ron Johnson received total compensation of $1.9 million in 2012, according to a regulatory filing on Tuesday, a sharp decline after a year that saw the department store chain's sales fall perilously. Johnson, who oversaw the development of Apple Inc's retail business before becoming Penney's CEO in late 2011, unveiled a plan last year to reinvent the 111-year-old retailer. The plan included the elimination of most discounting, a move that contributed to a 25 percent drop in sales last year. Johnson's base salary was unchanged at $1. ... Full Story | Top |
| Tesla launches financing product for electric sedan Tuesday, Apr 02, 2013 03:26 PM PDT  By Nichola Groom LOS ANGELES (Reuters) - Tesla Motors Inc on Tuesday said it was partnering with Wells Fargo & Co and U.S. Bank on a financing product that it says will make its pricey electric sedan accessible to more people. Tesla, producer of the first fully electric sports car, said earlier this week it had its first profitable quarter ever in the first quarter thanks to stronger-than-expected sales of its Model S sedan, its second car model which is substantially cheaper than the first. ... Full Story | Top |
| Verizon denies intention to merge with or buy Vodafone Tuesday, Apr 02, 2013 03:16 PM PDT  (Reuters) - Verizon Communications Inc said it does not "currently have any intention" to merge with or buy its partner Vodafone Group Plc , either alone or in conjunction with others, in response to press reports. However, the telephone company said on Tuesday that it would still be a willing buyer of Vodafone's 45 percent share of their Verizon Wireless U.S. venture, in line with public statements Verizon has made many times over the years. Verizon's statement contradicts a report from the Financial Times Alphaville blog on Tuesday that cited unnamed sources saying Verizon and its biggest U. ... Full Story | Top |
| Wall Street climbs with health insurers, S&P nears high Tuesday, Apr 02, 2013 02:25 PM PDT  By Caroline Valetkevitch NEW YORK (Reuters) - Stocks rose on Tuesday, led by the healthcare sector after a government decision on payment rates, while factory orders data confirmed the economy is steadily improving. The S&P 500 closed at another record high, though it fell short of breaking above its all-time intraday high of 1,576.09. The Dow also ended at another record high. The U.S. government dropped plans to cut payments for private Medicare Advantage insurers and instead said it would allow a 3.3 percent raise. ... Full Story | Top |
| Exclusive: Thermo emerges as frontrunner for Life Tech -sources Tuesday, Apr 02, 2013 02:16 PM PDT By Greg Roumeliotis and Soyoung Kim NEW YORK (Reuters) - Thermo Fisher Scientific Inc is emerging as the lead contender in an auction for Life Technologies Corp , a genetic testing maker with a market value of more than $11 billion, three people familiar with the matter said this week. Thermo Fisher, the world's largest maker of laboratory equipment, is considering a bid of $65 to $70 per share for Life Tech and is interested in buying the entire company, two of the people said. ... Full Story | Top |
| TSX drops as investors turn their backs on golds Tuesday, Apr 02, 2013 02:14 PM PDT  By John Tilak TORONTO (Reuters) - Canada's main stock index fell on Tuesday with gold-mining stocks taking a beating as the price of bullion tumbled and investors gravitated towards riskier assets following U.S. and European economic data. A 4 percent decline in the gold-mining group, which is down about 20 percent since the start of the year, more than offset gains in sectors such as financials and energy. Markit's Euro zone Manufacturing PMI fell in March but topped a preliminary estimate. ... Full Story | Top |
|
No comments:
Post a Comment