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U.S. private payrolls rise solidly; pending home sales jump

U.S. private employers maintained a steady pace of hiring in August and contracts to buy previously owned homes surged in July, suggesting the economy was regaining sufficient momentum for the Federal Reserve to raise interest rates this year. Other data on Wednesday …

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U.S. private payrolls rise solidly; pending home sales jump

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Exclusive: Citigroup executives avoid U.S. charges over mortgage bonds – document

By Nate Raymond NEW YORK (Reuters) – U.S. authorities have decided not to pursue criminal charges against any Citigroup Inc executives or employees involved in packaging and selling mortgage-backed securities at the heart of the 2008 financial crisis, a government report shows. The decision, which followed Citigroup's $7-billion settlement in 2014 resolving federal and state civil claims related to mortgage bonds, was described in a November report…

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Exclusive: Citigroup executives avoid U.S. charges over mortgage bonds – document

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U.S. trade deficit widens as exports hit five-and-a-half-year low

The Commerce Department said on Friday the trade gap increased 2.2 percent to $45.7 billion. December's trade deficit was revised up to $44.7 billion from the previously reported $43.4 billion. Economists polled by Reuters had forecast the trade deficit widening to $44.0 billion in January.

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U.S. trade deficit widens as exports hit five-and-a-half-year low

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U.S. payrolls surge, bolster Fed rate hike prospects

U.S. employment gains surged in February, the clearest sign yet of labor market strength that could further ease fears the economy was heading into recession and allow the Federal …

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U.S. payrolls surge, bolster Fed rate hike prospects

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El-Erian: Markets front-run Fed in tightening financial conditions

By Jennifer Ablan NEW YORK (Reuters) – Mohamed El-Erian, the chief economic adviser at Allianz SE , said on Thursday that with volatility rising, the markets effectively have served as front-runners to the Federal Reserve…

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El-Erian: Markets front-run Fed in tightening financial conditions

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Viacom names CEO Dauman as chair as Redstone exits; daughter protests

By Jessica Toonkel NEW YORK (Reuters) – Viacom Inc's board of directors named Chief Executive Officer Philippe Dauman as executive chairman, replacing majority owner Sumner Redstone, overriding calls for an independent board chief from Redstone's …

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Viacom names CEO Dauman as chair as Redstone exits; daughter protests

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Smirking Shkreli refuses lawmakers’ questions, calls them ‘imbeciles’

By Sarah N. Lynch and David Ingram WASHINGTON/NEW YORK (Reuters) – Former drug executive Martin Shkreli smirked and brushed off questions about drug prices then tweeted that lawmakers were imbeciles on Thursday, when he appeared at a U.S. congressional hearing against his will. Shkreli, 32, sparked outrage last year among patients, medical societies and Democratic presidential front-runner Hillary Clinton after his company, Turing Pharmaceuticals, raised the price of the drug Daraprim by more than 5,000 percent to $750 a pill. At a hearing of the U.S. House…

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Smirking Shkreli refuses lawmakers’ questions, calls them ‘imbeciles’

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U.S. small businesses boost hiring in January: NFIB

U.S. small businesses stepped up hiring in January after taking a pause in December and many continued to point to difficulty finding qualified workers, a survey showed on Thursday. The monthly survey of the National Federation of Independent Business showed that 52 percent of respondents said they were hiring or trying…

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U.S. small businesses boost hiring in January: NFIB

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DuPont doubles down on cost cuts ahead of Dow Chemical merger

(Reuters) – Chemicals and seed producer DuPont's quarterly profit topped analysts' estimates as the company intensifies its cost-cutting efforts ahead of its merger with Dow Chemical Co . DuPont said on Tuesday it was looking to cut its costs in 2016 by $730 million from 2015-levels. The company's previous cost-reduction plan, launched under former CEO

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DuPont doubles down on cost cuts ahead of Dow Chemical merger

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Energy earnings will hint at who survives crude’s rout

By Rodrigo Campos NEW YORK (Reuters) – As crude prices crater, threatening a sizeable number of U.S. oil producers who are predicted to fail under continued global oil doom, the current earnings season will be an important window into who will be standing …

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Energy earnings will hint at who survives crude’s rout

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