Nearly 6 million laptop power cords that can overheat and start a fire are among this week's recalled consumer products. Others include potentially faulty helmets and bunk beds. They were sold between September 2010 and June 2012 for about $500 to $1500.» Read More
*Wholesale inventories increase 1.1 percent in April. WASHINGTON, June 10- U.S. wholesale inventories rose more than expected in April, bolstering views of a sharp acceleration in economic growth in the second quarter. The Commerce Department said on Tuesday wholesale inventories increased 1.1 percent after advancing by the same margin in March.
WASHINGTON, June 10- U.S. wholesale inventories rose more than expected in April, which bolsters views of a sharp acceleration in economic growth in the second quarter. The Commerce Department said on Tuesday wholesale inventories increased 1.1 percent after advancing by the same margin in March.
*Shanghai premiums steady after falling for past week-Shmet. *Citic Resources say business may be impacted by Qingdao probe.
*Zinc market seen with 100,000 T deficit this yr- AME Group. *Citic Resources say business may be impacted by Qingdao probe. Improving global demand prospects are helping support prices for zinc and aluminium in particular, led by stronger than expected consumption and tight supply- at least in the first half, said analyst Matt Fusarelli at AME Group.
*Three-month copper on the London Metal Exchange traded up 0.1 percent at $6,678.50 a tonne by 0136 GMT, from the previous session when it dropped to $6,636 a tonne, which was its weakest since May 7.
SINGAPORE, June 10- Platinum extended its winning streak to a fifth straight session on Tuesday as talks to resolve a 5- month long strike in top producer South Africa were deadlocked, with the mining minister quitting his role as a mediator.
U.S. crude gained 8 cents to $104.49 a barrel by 0016 GMT after ending up $1.75, while Brent crude added 2 cents to $110.01 after settling $1.38 higher. *A full lifting of sanctions on Iran could spark new rivalries within OPEC as Tehran seeks to reclaim its rank as No. 2 producer from former foe Iraq.
FRANKFURT, May 21- Hedge fund Magnetar Capital is suing U.S. drugs wholesaler McKesson, saying its acquisition of German peer Celesio short-changed minority shareholders and bondholders by around 370 million euros.
WASHINGTON, May 9- A big rise in U.S. wholesale inventories in March is likely to temper an expected downward revision to the government's estimate of first quarter economic growth, but fall short of keeping it from being pushed into negative territory.
WASHINGTON, May 9- U.S. wholesale inventories rose more than expected in March, suggesting restocking of goods was probably less of a drag on first-quarter growth than initially thought. The Commerce Department said on Friday wholesale inventories increased 1.1 percent after rising by an upwardly revised 0.7 percent in February.
NEW YORK, April 9- U.S. stocks rallied on Wednesday after minutes from the Federal Reserve's latest policy meeting showed a more supportive central bank than investors had previously expected.
Facebook shares jumped 5.6 percent to $61.45. "People are taking solace in the idea that the Fed may be more accommodative than previously thought, for longer than previously thought," said Steve Sosnick, equity-risk manager at Timber Hill/Interactive Brokers Group in Greenwich, Connecticut.
WASHINGTON, April 9- U.S. wholesale inventories rose at a slower pace in February, strengthening views that restocking will weigh on economic growth in the first quarter.
*Senator opposes Comcast deal to buy Time Warner Cable. NEW YORK, April 9- U.S. stocks rose for a second session on Wednesday, buoyed by a rise in Alcoa shares ahead of the release of minutes from the latest Federal Open Market Committee meeting.
NEW YORK, April 9- U.S. stocks edged higher on Wednesday, putting the S&P 500 on track for a second straight advance, in the wake of earnings from Alcoa and ahead of the minutes from the last Federal Reserve meeting.
WASHINGTON, April 9- U.S. wholesale inventories rose at a slower pace in February than in the prior month, which could support views that restocking will not help the economy in the first quarter. The Commerce Department said on Wednesday wholesale inventories increased 0.5 percent after a revised 0.8 percent gain in January.
*Wal-Mart has yet to apply to open retail stores in India. MUMBAI, April 8- Wal-Mart Stores Inc on Tuesday announced plans to open 50 more wholesale outlets in India and start online operations to sell to small shopkeepers, several months after it decided against opening its own retail stores there.
*Morgan Stanley, Goldman among lead underwriters of IPO. April 4- Travel booking wholesaler Sabre Corp said it expected its initial public offering to be priced at $18- $20 each, valuing the owner of the Travelocity website at about $4.91 billion.
March 12- Doughnut retailer and wholesaler Krispy Kreme Doughnuts Inc raised its full-year earnings per share forecast and said it would buy back $30 million more of its shares.
Treasuries prices edged higher on Tuesday, with concern about geopolitical tensions in Russia and Ukraine and weakness in China's economy spurring some demand for safe-haven bonds.