data

Raft of weak U.S. data points to sharply slower growth

By Lucia Mutikani WASHINGTON (Reuters) – U.S. retail sales fell in December as unseasonably warm weather undercut purchases of winter apparel and cheaper gasoline weighed on receipts at service stations, the latest indication that economic growth braked sharply in the fourth quarter. The growth picture was further darkened by other data on Friday showing industrial production fell in December, dragged down by cutbacks in utilities and mining output. Signs the economy …

Excerpt from:
Raft of weak U.S. data points to sharply slower growth

data

AstraZeneca in talks to buy cancer drugmaker Acerta for $5 billion: WSJ

Netherlands based-Acerta is developing cancer drugs that use the body's own defenses against the disease. On Monday, Acerta reported that 95 percent of patients with chronic lymphocytic leukemia positively responded to

Read the rest here:
AstraZeneca in talks to buy cancer drugmaker Acerta for $5 billion: WSJ

data

U.S. consumers loosen purse strings as holidays start

U.S. consumers showed some muscle in November at the start of the holiday shopping season, suggesting enough momentum in the economy for the Federal Reserve to raise interest rates next week for the first time in nearly a decade. The outlook for consumer spending, which accounts for more than two-thirds of economic activity, got a lift from other data …

View post: 
U.S. consumers loosen purse strings as holidays start

data

Facebook’s CEO and wife to give 99 percent of shares to couple’s foundation

By Yasmeen Abutaleb SAN FRANCISCO (Reuters) – Mark Zuckerberg will put 99 percent of his Facebook Inc shares, currently worth about $45 billion, into a new philanthropy project focusing on human potential and equality, he and his wife said Tuesday in a letter to their newborn daughter. The plan, which was posted on the…

See more here: 
Facebook’s CEO and wife to give 99 percent of shares to couple’s foundation

data

U.S. manufacturing contracts, but rest of economy humming along

U.S. manufacturing contracted in November for the first time in three years as the sector buckled under the weight of a strong dollar and deep spending cuts by energy firms, but robust automobile sales suggested the economy remained on solid ground. Other data released on Tuesday showed a sturdy increase in construction spending in October, which should help offset the drag from manufacturing on fourth-quarter economic growth. With manufacturing accounting for only 12 percent of the …

See the rest here: 
U.S. manufacturing contracts, but rest of economy humming along

data

Ford says to incur $600 million expense in 2015 from U.S. union pact

Ford Motor Co said on Monday it will incur a $600 million expense this year tied to its new four-year contract with the United Auto Workers union in the United States. The expense is consistent with the company's previously stated

See more here: 
Ford says to incur $600 million expense in 2015 from U.S. union pact

data

Wall St. opens flat, set to end the month higher

The three major indexes were set to end the month higher for the second straight month. While the U.S. central bank is likely to raise interest rates for the first time since June 2006, the European Central Bank is expected to unveil fresh monetary easing measures on Thursday. “We're coming off a quiet holiday week and we have a lot of hurdles to cross this week with all the data that we're expecting,” said Scott Brown,

Read the original:
Wall St. opens flat, set to end the month higher

« Previous Page