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Dollar soars, stocks set new highs on Fed stimulus exit talk
ReutersNEW YORK (Reuters) - The U.S. dollar soared against major currencies on Friday on growing speculation that the Federal Reserve could soon begin to rein in its bond-buying program and after data showed U.S. consumer sentiment hit an almost six-year high in...Tags: Halliburton Company, Finland, Economy, Business and Finance, New Zealand, Moody's Corporation
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China deal ends distraction, but not questions, for Caterpillar
ReutersCHICAGO (Reuters) - Caterpillar Inc's deal to cut the purchase price of a Chinese mining-equipment maker it bought last year ends an embarrassing episode that overshadowed the company's effort to expand in China and distracted its executives for months....Tags: Mining, Economy, Business and Finance, Morningstar Incorporated, Litigation, Companies and Corporations
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Wal-Mart U.S. sales weak; outlook below analysts' forecast
Reuters(Reuters) - Wal-Mart Stores Inc posted weaker-than-expected quarterly earnings on Thursday due to poor U.S. sales and said its profit for this quarter might also miss Wall Street's forecast. Everything from pressure on shoppers to a cool start to...Tags: Sales, Small Businesses, Economy, Business and Finance, Corporate Crime, Bribery
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GLOBAL MARKETS-Stocks slip, dollar gains on Fed policy remarks
Reuters* Dollar recovers after president of San Francisco Fed speaks * Wall Street drops further but Cisco surges on earnings * Bond prices rise on poor U.S. economic data * Brent oil settles slightly higher By Herbert Lash NEW YORK, May 16 (Reuters) -...Tags: Central Bank, S&P 500, Economy, Business and Finance, Energy Saving, NASDAQ
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Autodesk cuts full-year revenue forecast, shares fall
Reuters(Reuters) - Autodesk Inc's first-quarter results missed market expectations on sales declines in the Americas and emerging markets, prompting the maker of AutoCAD design software to cut its full-year revenue forecast. Shares of the company fell 5 percent...Tags: Thomson Corporation, Computing and Information Technology Industry, Economy, Business and Finance, Autodesk Incorporated, Weather Reports
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MGM posts strong first quarter results on "Skyfall," "Hobbit"
Buoyed by the billion-dollar box-office blockbusters “Skyfall” and “The Hobbit: An Unexpected Journey,” MGM Holdings Inc., the parent of Metro-Goldwyn-Mayer Inc., posted first-quarter net income of $57.4 million. That was more...
Tags: Electronics, Earnings, 21 Jump Street (movie), Economy, Business and Finance, Corporate Officers
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US high-grade bond market tone subdued after Merck jumbo trade
ReutersBy John Balassi NEW YORK, May 16 (IFR) - Market tone is relatively muted early on Thursday, despite the surprisingly better-than-expected first quarter GDP print from Japan that showed that the governments new inflation policies are beginning to kick in....Tags: StoneMor Partners LP, France, Economy, Business and Finance, European Debt Crisis, Earnings Forecasts
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WRAPUP 1-Data raises questions about strength of U.S. economy
Reuters* U.S. claims rise sharply in latest week * Housing starts drop more than expected in April * Inflation data points to softer demand in economy By Jason Lange WASHINGTON, May 16 (Reuters) - The U.S. economy showed worrisome signs as jobless claims rose...Tags: Unemployment, Central Bank, Economy, Business and Finance, Federal Reserve, Banking
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Wal-Mart reports weak 1st-quarter sales, blames weather, tax issues
Wal-Mart Stores Inc. reported slight upticks in revenue and profit in its first quarter, but the retail behemoth still missed Wall Street’s expectations and watched its stock suffer in morning trading. The Bentonville, Ark., mega-chain blamed...
Tags: Sears, Economy, Business and Finance, Wal-Mart Stores, Inc., Weather Reports, Companies and Corporations
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WRAPUP 2-Evidence mounts on slower U.S. economic growth
Reuters* Mid-Atlantic factory activity contracts in May * U.S. jobless claims rise sharply in latest week * Housing starts drop more than expected in April * Inflation data points to softer demand in economy By Jason Lange WASHINGTON, May 16 (Reuters) - The U....Tags: Labor Markets, Central Bank, Economy, Business and Finance, Productivity, Market and Exchange
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Evidence mounts on slower U.S. economic growth
ReutersWASHINGTON (Reuters) - The U.S. economy showed fresh signs of slower growth in the second quarter, with factory activity slipping in the mid-Atlantic region while groundbreaking declined at home construction sites. Other data on Thursday showed a spike...Tags: Unemployment, Central Bank, Economy, Business and Finance, Federal Reserve, Banking
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WRAPUP 1-Wall St commodity slump deepens in Q1, led by Morgan Stanley
Reuters* Morgan Stanley Q1 commodity revenues fall 77 pct * Total commodity revenues on Wall Street down 54 pct-Coalition By David Sheppard and Barani Krishnan NEW YORK, May 15 (Reuters) - Global investment banks suffered another bruising decline in commodity...Tags: Banking, Economy, Business and Finance, Finance, Goldman Sachs Group, Inc., Investment Service
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