Home Depot puts a lid on new-store openings: WSJ

Posted By on April 17, 2014

(Reuters) – Home Depot Inc is putting a lid on new-store openings and focusing its expansion efforts on e-commerce, which presents some logistical challenges for a retailer that sells a lot of bulky materials, the Wall Street Journal reported.

Source: Reuters Business News

Asian stocks creep ahead, tech sector a drag

Posted By on April 17, 2014

SYDNEY (Reuters) – Asian share markets crept higher on Thursday as dovish comments from the head of the U.S. Federal Reserve lifted Wall Street while weighing on the dollar, with trade light heading into the Easter holidays.

Source: Reuters Business News

Europe's car sales upturn fails to halt price war

Posted By on April 17, 2014

PARIS (Reuters) – Europe’s car sales recovery may be taking hold, according to registrations data published on Thursday, but a confidential industry survey shows the pickup is failing to halt a price war.

Source: Reuters Business News

BOJ Kuroda maintains positive view on economy

Posted By on April 16, 2014

TOKYO (Reuters) – Bank of Japan Governor Haruhiko Kuroda on Wednesday affirmed its upbeat view of the economy, even as global financial markets wobble, stressing that growth will pick up around mid-year as the sting of a sales tax hike fades.

Source: Reuters Business News

Watchdog warns about big banks' use of government-affiliated loans

Posted By on April 16, 2014

WASHINGTON (Reuters) – A U.S. government watchdog on Wednesday warned that big banks have dramatically boosted their borrowing from a federal housing finance program, a move that could pose risks to…

Source: Reuters on Money

Michigan, White House discuss federal money for bankrupt Detroit: report

Posted By on April 16, 2014

(Reuters) – Michigan officials and President Barack Obama’s Administration are discussing a plan to free up $100 million in federal money to aid Detroit’s retired city workers, the Detroit Free Press…

Source: Reuters on Money

J&J beats forecasts as sales of new drugs shine

Posted By on April 15, 2014

(Reuters) – Johnson & Johnson reported quarterly earnings well above expectations, as strong sales of new drugs offset weak demand for consumer products and medical devices, and the company slightly raised its full-year profit view.

Source: Reuters Business News

Cargill expects flour merger with ConAgra to be finalized in 6 to 8 weeks

Posted By on April 15, 2014

WINNIPEG, Manitoba (Reuters) – Agribusiness company Cargill Inc expects its flour mill merger with ConAgra Foods Inc to be resolved positively in six to eight weeks, Executive Chairman Greg Page said on Tuesday.

Source: Reuters Business News

Exclusive: Turmoil at Symantec luring activists, buyers – sources

Posted By on April 15, 2014

NEW YORK (Reuters) – The abrupt firing of Symantec Corp Chief Executive Officer Steve Bennett last month is attracting activist investors and private equity firms to the U.S. security software maker, in a development that could potentially lead to its breakup or sale, sources familiar with the situation said.

Source: Reuters Business News

Herbalife hit with investor lawsuit over 'pyramid' claims

Posted By on April 15, 2014

(Reuters) – Herbalife Ltd was hit with a shareholder class action lawsuit Monday accusing the multilevel-marketing company of failing to disclose to investors that its operations were based on a…

Source: Reuters on Money

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