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WRAPUP 3-U.S. factory, wholesale price data flag economy's woes
Reuters* U.S. factory output shrinks in April * New York state manufacturing activity contracts in May * Producer prices fall 0.7 percent in April * Wholesale price drop largest in three years By Lucia Mutikani WASHINGTON, May 15 (Reuters) - U.S. factory output...Tags: Food Industry, Inflation and Deflation, Market and Exchange, Consumers, Economic Indicator
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GLOBAL MARKETS-U.S. stocks extend record run, euro slips on data
Reuters* Disappointing U.S., euro zone data fuels hope of stimulus * U.S. bond yields slip; stock rise offsets earlier dip * Dollar rises against most currencies except yen * Oil reverses from earlier drop, gold stuck in losing streak By Richard Leong NEW...Tags: Stock Market, Germany, S&P 500, Market and Exchange, Japan
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EXCLUSIVE-Hungarian ethanol firm says it alerted EU over Platts pricing
ReutersBy Peg Mackey LONDON, May 15 (Reuters) - A Hungarian ethanol producer said it alerted the European Commission over the role of price agency Platts in setting prices, feeding into an investigation of three major oil companies. Pannonia Ethanol, a...Tags: European Union, BP Plc, Renewable Energy, Biofuels, Petroleum Industry
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Bay Area median home price tops half-million-dollar mark — again
The median home price in the San Francisco Bay Area moved above the half-million-dollar threshold last month — a sign of just how hot that market is getting. The median price for a home in the nine-county area was $510,000 in April, up 17% from...
Tags: Credit Ratings, House Building, Homes
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TREASURIES OUTLOOK-Prices rise on weak manufacturing, inflation data
Reuters(Recasts) * U.S. industrial output fell more than expected in April * NY Fed manufacturing shrank, contrary to expectations * Producer price index shows biggest decline in three years * Stock market gains restrain appetite for safe-haven U.S. debt By...Tags: Inflation and Deflation, Land Price, Economic Indicator, Federal Reserve, Employment Opportunities
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EU oil price probe puts Platts in spotlight
ReutersLONDON (Reuters) - A European investigation into alleged price rigging by major oil companies has drawn attention to leading price agency Platts and the way it sets oil price benchmarks. Authorities on Tuesday carried out a surprise inspection at Platts'...Tags: Energy Resources, Energy Saving, United Kingdom, Lehman Brothers Holdings Inc., Environmental Issues
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U.S. RESEARCH ROUNDUP: Home Depot, Gap, Anadarko Petroleum, Blackberry
ReutersMay 15 (Reuters) - Wall Street securities analysts revised their ratings and price targets on several U.S. companies, including Gap Inc and Blackberry, on Wednesday. HIGHLIGHTS * U.S. Energy Cos: Bernstein raises target price on Anadarko, others * Home...Tags: Golar LNG Limited, The Carlyle Group, EOG Resources Incorporated, The Home Depot, TD Ameritrade Holdings Corp.
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California's housing market surges in April
California’s housing market surged last month as prices jumped from Southern California to the San Francisco Bay Area. The state’s median home price in April ticked up 3.5% from the previous month and soared 22.7% from the same month a...
Tags: Foreclosures, Services and Shopping, Credit Ratings, House Building, Homes
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Briefs: Soccer tryouts are Thursday
Soccer tryouts are Thursday The Wolfpack boys' Under-15 Silver Elite and Silver teams are holding tryouts Thursday. The tryouts are open between 5:30 and 7:30 p.m. and will take place at Edison High. For more information, email Donna Piscopo at...Tags: Sports, Soccer, High School Sports
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Factory, wholesale price data flag economy's woes
ReutersWASHINGTON (Reuters) - Factory output dropped in April and manufacturing activity in New York state contracted this month, a sign that slowing global demand is weighing on the economy. The anemic growth picture was highlighted by another report on...Tags: Food Industry, Inflation and Deflation, Market and Exchange, Consumers, Economic Indicator
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Judge orders Dow Chemical to pay $1.2 bln in price-fixing case
ReutersBy Casey Sullivan May 15 (Reuters) - A federal judge in Kansas City, Kansas, ordered Dow Chemical Co on Wednesday to pay $1.2 billion in a price-fixing case involving chemicals used to make foam products in cars, furniture and packaging, according to...Tags: Corporate Crime, Prosecution, Antitrust Issues, Crime, Law and Justice, Companies and Corporations
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A cold spring and weak construction hurt Deere's 2013 sales prediction; 2Q profit up 3 percent
MOLINE, Ill. (AP) — Deere & Co. said on Wednesday that bad weather and weak economies will hinder sales growth this year for lawnmowers and construction equipment. The company reported better-than-expected second-quarter earnings and maintained its...Tags: Earnings, Earnings Forecasts, Deere and Company, Companies and Corporations, Economy, Business and Finance
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