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Tight inventories, rising prices hurt U.S. home sales

By Lucia Mutikani WASHINGTON (Reuters) – U.S. home resales fell in October as a persistent shortage of properties limited choice for potential buyers and pushed up prices, suggesting some softening in the pace of the…

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Tight inventories, rising prices hurt U.S. home sales

NY attorney general probing foreign exchange options market

By David Ingram and John McCrank (Reuters) – New York Attorney General Eric Schneiderman's office is investigating the posting of false bids and offers in the foreign exchange options market for emerging market currencies, a

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NY attorney general probing foreign exchange options market

Icahn takes stake in Xerox, calls shares ‘undervalued’

The billionaire revealed a 7.13 percent stake in Xerox in a securities filing on Monday, making him the second-largest shareholder of the 109-year-old company. Icahn, who recently took stakes in American International Group and Freeport-McMoran Inc , said he would look at getting representation on Xerox's board, as well as pursuing strategic alternatives. “We are aware that Carl Icahn has

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Icahn takes stake in Xerox, calls shares ‘undervalued’

Pfizer to buy Allergan in $160 billion deal

By Ransdell Pierson and Bill Berkrot NEW YORK (Reuters) – Pfizer Inc on Monday said it would buy Botox maker Allergan Plc in a deal worth $160 billion to slash its U.S. tax bill, rekindling a fierce political debate over the financial maneuver. The acquisition, which would create the world's largest drugmaker and shift Pfizer's headquarters to Ireland, would also be the biggest-ever instance of a U….

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Pfizer to buy Allergan in $160 billion deal

Fed may need permanently big balance sheet, Williams says

By Ann Saphir BERKELEY, Calif. (Reuters) – The U.S. Federal Reserve and other global central banks may need to consider new tools in a world of permanently lower interest rates, including keeping big balance sheets or using negative interest rates to combat shocks, a top Fed official said …

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Fed may need permanently big balance sheet, Williams says

Some Chipotle customers say undeterred by E. coli outbreak

By Katie Reilly NEW YORK (Reuters) – Diners at Chipotle Mexican Grill locations on Saturday said freshness and convenience outweighed concerns about contamination following the news that food poisoning cases had erupted at the chain's locations in six U.S. states. Shares of the fast-casual chain tumbled 12.3 percent to an 18-month low on Friday on word that the E. coli outbreak, originally limited to Chipotle locations in Washington state and Oregon, had spread to four additional states: California, Ohio, New…

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Some Chipotle customers say undeterred by E. coli outbreak

Monetary policy risks becoming ineffective in low growth world: ECB Coeure

Monetary policy risks becoming ineffective in a world where growth is sluggish, economies are deeply interconnected and interest rates are already near zero, a top European Central Bank policy maker said on Saturday. Speaking at the University of California Berkeley, ECB executive board member Benoit Coeure called for academics and policy makers to address issues at the root of a global

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Monetary policy risks becoming ineffective in low growth world: ECB Coeure

Cognac makers ramp up U.S. efforts as China sips less

By Martinne Geller COGNAC, France (Reuters) – France's centuries-old cognac houses are raising their bets on the U.S. market with new products and campaigns to broaden the drink's

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Cognac makers ramp up U.S. efforts as China sips less

Fed’s Williams sees strong case for December interest-rate hike

By Ann Saphir BERKELEY, Calif. (Reuters) – There is a “strong case” for raising interest rates when Federal Reserve policymakers meet next month, as long as U.S. economic data does not disappoint, a top Fed official said on Saturday. “The data I think have been…

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Fed’s Williams sees strong case for December interest-rate hike

Aetna, Anthem reassure investors on Obamacare business

Aetna and Anthem said their individual insurance businesses, which include the plans created by President Barack Obama's national healthcare reform law, had performed in line with projections through October. The announcements came the day after UnitedHealth cut its earnings forecast and said it might exit the Obamacare exchanges in 2017.

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Aetna, Anthem reassure investors on Obamacare business

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