Home Depot Earnings Top Estimates, Boosted by Housing Recovery
Latest Business News Wires - Business Headlines
More
-
CHICAGO, Nov 30- Business activity in the U.S. The Institute for Supply Management-Chicago business barometer rose to 50.4, just shy of the 50.5 reading forecast by economists. The forward-looking new orders index fell to 45.3 from 50.6-- the lowest since June 2009.
-
NEW YORK, Nov 30- Wall Street opened flat on Friday, amid caution ahead of a statement from President Obama on the progress of budget talks in Washington that have fueled volatility and nervousness in the financial markets. The Dow Jones industrial average gained 5.45 points, or 0.04 percent, to 13,027.27.
-
*Israel tries to minimise loss, faces tough decisions. JERUSALEM, Nov 30- The margin of Israel's defeat in a U.N. vote that granted de-facto statehood to Palestine has disappointed Israeli political leaders, whose attempts on Friday to play down the loss could not disguise its significance.
-
*HeidelbergCement, LVMH, Intertek gain after upgrades. LONDON, Nov 30- European stocks traded around multi-month highs on Friday in what looked to set to be a turbulent session against a backdrop of mixed signals about U.S. budget talks.
-
WASHINGTON, Nov 30- U.S. consumer spending fell in October for the first time in five months as superstorm Sandy choked off car sales, suggesting slower economic growth in the fourth quarter. The Commerce Department said on Friday consumer spending fell 0.2 percent after a 0.8 percent increase in September.
-
Nov 30- Johnson& Johnson has named Chief Executive Alex Gorsky as the chairman of its board of directors, effective Dec. 28, replacing current chairman Bill Weldon, the company said on Friday. Gorsky, a former vice chairman of the diversified healthcare company, became chief executive on April 26, replacing Weldon, who had served as CEO for a decade.
-
OTTAWA, Nov 30- The Canadian government blocked on Friday a proposed shallow gas infill development project in Alberta proposed by Cenovus Energy Inc..
-
*Zynga shares plunge after revising deal with Facebook. "So far, all the back-and-forth and shared smiles at the White House podium during recent press conferences that promise us a meaningful and workable framework, thus far we have nothing," said Andrew Wilkinson, chief economic strategist, at Miller Tabak& Co in New York.
-
WASHINGTON, Nov 30- U.S. consumer spending fell in October for the first time in five months as income growth stalled, suggesting slower economic growth in the fourth quarter. The Commerce Department said on Friday consumer spending fell 0.2 percent after an unrevised 0.8 percent rise in September.
-
OTTAWA, Nov 30- Canada's economy grew at a weaker-than-expected 0.6 percent annual rate in the third quarter as exports fell at the fastest pace in more than three years, and as business investment and the housing market cooled.
-
OTTAWA, Nov 30- The Canadian government blocked on Friday a proposed shallow gas infill development project in Alberta proposed by Cenovus Energy Inc..
-
*Political crisis in Egypt stokes geopolitical worries. LONDON, Nov 30- Brent crude oil slipped below $111 a barrel on Friday as a lack of progress in U.S. budget talks to avert a fiscal crisis and poor economic data darkened the outlook for energy demand in the world's biggest oil consumer. Brent eased down 5 cents to $110.71 by 1347 GMT.
-
*Kazakhstan to revere leader on Day of the First President. KASKELEN, Kazakhstan, Nov 30- The teenage son of a shepherd, who would later become Kazakhstan's first and only post-Soviet leader so far, had a nickname at school: Sultan. The oil-producing Central Asian state of Kazakhstan, independent from the Soviet Union for 21 years, has never known another leader.
-
LONDON, Nov 30- Arabica coffee futures edged lower on Friday, as the recent rise in prices combined with a weak real stoked selling from top producer Brazil. March coffee futures on ICE slid 0.7 cent or 0.5 percent to $1.5570 per lb at 1325 GMT, but remained above Wednesday's 29- month low of $1.4710.
-
PARIS, Nov 30- The euro zone's crisis is far from over and its members must tighten budgets and forge a banking union to leave behind the "fairy world" that allowed problems to grow, European Central Bank President Mario Draghi said on Friday.
-
WASHINGTON, Nov 30- U.S. consumer spending fell in October for the first time in five months as income growth stalled, suggesting slower economic growth in the fourth quarter. The Commerce Department said on Friday consumer spending fell 0.2 percent after an unrevised 0.8 percent rise in September.
-
FRANKFURT, Nov 30- Closer ties with Turkish Airlines could keep Lufthansa in the race for longhaul flights to Asia and stem the flow of business to Gulf carriers. Turkish Airlines' Istanbul hub straddles Europe and Asia and is hours closer to Europe than Gulf airports.
-
*Protesters rally in cities across Egypt. CAIRO, Nov 30- Thousands of Egyptians protested against President Mohamed Mursi on Friday after an Islamist-led assembly raced through approval of a new constitution in a bid to end a crisis over the Islamist leader's newly expanded powers.
-
*Whole Foods Market announces special cash dividend. Trading has been choppy lately, as investors buy on sporadic dips in the market and react to mixed headlines out of Washington regarding progress in talks on averting the "fiscal cliff," spending cuts and tax hikes that will come into effect in the new year.
-
LONDON, Nov 30- The yen hit a seven-month low against the euro and fell against the dollar on Friday, extending losses amid speculation that Japanese monetary policy could be aggressively eased when a new government is formed.