tuesday

Tesla to buy Germany-based Grohmann Engineering

(Reuters) – Electric car maker Tesla Motors Inc said on Tuesday it would buy Germany-based Grohmann Engineering to improve its automated manufacturing systems.

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Tesla to buy Germany-based Grohmann Engineering

tuesday

BlackRock quarterly profit rises 3.8 percent

(Reuters) – BlackRock Inc, the world's largest asset manager, reported a better-than-expected quarterly profit, showing resilience in what has been a weak market for many traditional asset managers. BlackRock attracted total “long-term” net flows of $55.18 billion in the latest quarter, up from $35 billion a year earlier. On an adjusted basis, BlackRock earned $5.14 per share, beating the average analyst …

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BlackRock quarterly profit rises 3.8 percent

tuesday

Domino’s revenue jumps more than expected

(Reuters) – Domino's Pizza Inc on Tuesday reported a bigger-than-expected 17 percent jump in quarterly revenue as its U.S. division overcame intense competition that is taking a bite out of industry sales.

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Domino’s revenue jumps more than expected

tuesday

Once jobless and uncounted, eager workers could slow Fed rate hike

By Howard Schneider WELLSTON, Missouri (Reuters) – The crammed-to-capacity parking lot at a job training center in this St. Louis suburb is exhibit A for why the U.S. Federal Reserve remains at odds over the health of the U.S. labor market and how quickly interest rates should rise. Among those in the building on a recent fall day, 23-year-old Joshua Goodson described his recent work history as a “dead end…

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Once jobless and uncounted, eager workers could slow Fed rate hike

tuesday

Goldman Sachs’ profit jumps 58 percent as trading revenue surges

(Reuters) – Goldman Sachs Group Inc reported a 57.9 percent rise in quarterly profit on Tuesday as trading revenue surged.

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Goldman Sachs’ profit jumps 58 percent as trading revenue surges

tuesday

Fed’s Williams says U.S. economy in good shape, wants rate hike

A top Federal Reserve official on Tuesday repeated his call for gradual interest rate hikes, evidently unfazed by a slowdown in U.S. job gains and sluggishness in the services sector that now has traders betting against any rate hike at all this year. It “makes sense …

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Fed’s Williams says U.S. economy in good shape, wants rate hike

tuesday

White House threatens veto of rule-based monetary policy bill

By Jason Lange WASHINGTON (Reuters) – The White House on Tuesday issued a veto threat for a Republican-backed bill to make the Federal Reserve set interest rate policy using a mathematical rule, a proposal Fed Chair Janet Yellen said would “severely damage” the U.S. economy. The Obama administration opposes the proposal because it would hinder the Fed's ability to help the economy, the White House said in a statement. Lawmakers in the U…

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White House threatens veto of rule-based monetary policy bill

tuesday

Icahn nods at Valeant interest, pushes for cash repatriation law

Billionaire investor Carl Icahn made a cryptic reference suggesting he has an interest in embattled drug maker Valeant on Tuesday, and said he was speaking to U.S. politicians about a corporate cash repatriation law that would deter so-called tax inversion deals. “I’m not in Valeant, well, I don’t want to say I’m not completely in it but I’m not going to tell you where I am with it,” Icahn said, when asked about the company at…

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Icahn nods at Valeant interest, pushes for cash repatriation law