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US homebuilder confidence holds steady in November

U.S. homebuilders' confidence in the housing market held steady this month, but many are worried that another fight over the federal budget could cause would-be buyers to put off home purchases.

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US homebuilder confidence holds steady in November

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Microsoft gets support in gag order lawsuit from U.S. companies

By Dustin Volz WASHINGTON (Reuters) – Technology, media, pharmaceutical and other companies, along with major corporate lobbying groups, filed legal briefs on Friday in support of a Microsoft Corp lawsuit that aims to strike down a law preventing companies from telling customers the government is seeking their data. Microsoft's backers included the U.S. Chamber of Commerce, the National Association of Manufacturers, Delta Air Lines …

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Microsoft gets support in gag order lawsuit from U.S. companies

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U.S. banks need better defenses against rates shock, regulators warn

Years of stubbornly low interest rates and expectations they will remain low for years to come have prompted U.S. banks to shift their balance sheets in ways that put them at risk if rates suddenly spike, regulators are warning. The dynamic “raises …

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U.S. banks need better defenses against rates shock, regulators warn

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Russia’s Rosneft stake valued at over $11 billion for privatization: source

LONDON/MOSCOW (Reuters) – Russia could fetch over $11 billion in privatizing oil firm Rosneft but needs to guarantee stable tax regime ahead and during the sale, an industry source said citing documents submitted to the Russian government. The documents were submitted this week by Rosneftegas, which owns control in …

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Russia’s Rosneft stake valued at over $11 billion for privatization: source

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Oil heads for biggest weekly loss in eight months despite gains

Russian President Vladimir Putin told Bloomberg an agreement between oil exporters to freeze output would be the right decision to support the market. “Prices are up on a weaker dollar in the aftermath of the U.S. ISM numbers yesterday and Putin's latest attempt to stabilize

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Oil heads for biggest weekly loss in eight months despite gains

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Divided Irish cabinet to meet on whether to fight EU on Apple tax

Ireland's fragile coalition government will try on Friday to overcome cabinet divisions on whether to join Apple in appealing against a multi-billion-euro back tax demand that the European Commission has slapped on the iPhone maker. Finance Minister Michael Noonan has insisted Dublin would fight any adverse ruling ever since the European Union began investigating the U.S. tech giant's Irish tax affairs in 2014.

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Divided Irish cabinet to meet on whether to fight EU on Apple tax

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Solid U.S. employment gains expected in August; jobless rate seen falling

U.S. employment growth likely moderated in August after two straight months of hefty gains, but was probably still strong enough to push the Federal Reserve to raise interest rates later this year. The unemployment rate is forecast falling one-tenth of a percentage point to 4.8 percent. The Labor Department will release its closely watched employment report on Friday and readings in line with expectations would reinforce views that the economy has regained speed after almost stalling in the first half of the year

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Solid U.S. employment gains expected in August; jobless rate seen falling

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Shareholder group fights pay package for Baer’s Collardi, again

Julius Baer Chief Executive Officer Boris Collardi's 6.16 million-Swiss franc ($6.44 million) pay package has hit resistance, with a shareholder group announcing it will oppose the compensation at the April 13 annual general meeting. Actares, also known as Association of Shareholders for Sustainable Business, published its recommendation against Collardi's 2015 pay on its website on Friday. Collardi's compensation has been an issue before, when in April 2013 nearly two-thirds of shareholders voted against the

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Shareholder group fights pay package for Baer’s Collardi, again