Lorraine Tan, Director of Equity Research at S&P Capital IQ, tells CNBC's Cash Flow that any December taper would have to be very gradual as the U.S. economy is still fragile.» Read More
NEW YORK, Dec 10- The S&P 500 index futures edged lower on Tuesday after the market closed at yet another record high and economic data showed growth in China's industrial production slowed last month. It is taking it pretty well, "said Peter Cardillo, chief market economist at Rockwell Global Capital in New York.
From 2 to 8 inches of snow was forecast to fall from northern Virginia, across Maryland, Pennsylvania, Delaware and into southern New England, Brian Korty, meteorologist with the National Weather Service said in a forecast. Federal government offices in the Washington, D.C., area were shut on Tuesday, according to the Office of Personnel Management said.
Dec 10- Outerwall Inc said the president of its Redbox video rental kiosks division had left the business after just over a year and that it would cut 8.5 percent of its workforce. Redbox, which competes mainly with Netflix Inc, contributes more than 80 percent to Outerwall's revenue.
The news sent shares of Rambus Inc. up $1.17, or 14 percent, to $9.70 in premarket trading. As part of the deal, Micron gets the right to use any Rambus patent for the manufacture of certain integrated circuit products.
Dec 10- AutoZone Inc, the largest U.S. auto parts retailer, reported a better-than-expected 7 percent rise in quarterly profit as demand for repairs improves. AutoZone's performance has been weaker than some of its rivals due to its larger exposure to the do-it-yourself market, which has not recovered as fast as commercial repair.
WASHINGTON, Dec 10- The United States will not implement the so-called Volcker rule before 2015, a top regulator said on Tuesday, a widely expected move after regulators struggled for years to agree on the ban on proprietary trading.
NEW YORK, Dec 10- If the American dream is to own a house, you know you've really arrived when you have two of them. In 2011, Allison and Doug Gumbs, of Washington Crossing, Pennsylvania, bought their second house, in Avalon, New Jersey, taking advantage of low interest rates and a time when the market was particularly floundering.
NEW YORK, Dec 10- If you are in the market for a new home, you have probably noticed that almost all the houses in your local listings are anything but new. New-home construction this year is still 40 percent below normal long-term levels, says Jed Kolko, chief economist at real estate website Trulia.com.
WASHINGTON, Dec 10- The U.S. Commodity Futures Trading Commission, one of five regulators due to adopt the so-called Volcker rule on Tuesday, said it canceled a public vote on the issue because of the threat of a snowstorm in the Washington area. Federal Reserve and the Federal Deposit Insurance Corp- would hold their scheduled votes on Tuesday.
BRUSSELS, Dec 10- The artificial sweetener aspartame- widely used in low-calorie soft drinks- poses no health risks at currently approved consumption levels, the European Union's food safety watchdog said on Tuesday.
*Carney: beware "warp speed" in UK housing market. LONDON, Dec 10- Expectations of future British house price rises have hit a 14- year high just as central bank chief Mark Carney signalled monetary policy would remain exceptionally loose despite the potential for them to jump at' warp speed'.
*WTI-Brent spread narrows as TransCanada fills pipeline. LONDON, Dec 10- Brent crude oil rose above $110 a barrel on Tuesday, recouping some of the previous session's losses- the sharpest in over five weeks. Brent for January was up 80 cents at $110.19 a barrel by 0952 GMT, having risen briefly by more than $1 to $110.45.
The U.S.-backed deal, which Washington wanted to conclude this year, aims to establish a free-trade bloc stretching from Vietnam to Chile and Japan, encompassing about 800 million people and almost 40 percent of the global economy. But differences over farm tariffs between the United States and Japan proved to be one of the major roadblocks.
BOSTON, Dec 9- Chinese hackers eavesdropped on the computers of five European foreign ministries before last September's G20 Summit, which was dominated by the Syrian crisis, according to research by computer security firm FireEye Inc.
SINGAPORE, Dec 10- Brent crude rose toward $110 a barrel on Tuesday, recouping some of the previous session's sharp losses, as data from China reaffirmed signs of stabilising growth and fuel demand in the world's second-largest oil consumer.
The Bank of England is concerned that U.S. fiscal policies are creating economic difficulties without any longer-term benefits.
At a two-day hearing that starts on Tuesday, the National Transportation Safety Board will examine if cockpit complacency caused an Asiana Airlines Inc's jetliner with 307 people aboard to crash land at San Francisco International Airport in July, killing three and injuring more than 180..
*India home prices to rise at much slower pace in 2014, trail inflation. The findings of the latest India housing market poll are similar to recent Reuters polls conducted in the United States, Canada, Britain, China and Brazil, where home price rises are also expected to lose momentum but not fall.
NEW YORK, Dec 9- The Bank of England is concerned that U.S. fiscal policies are creating economic difficulties without any longer-term benefits, its governor said on Monday, weighing in as lawmakers in Washington scramble to avoid another government shutdown.