Yes, But, However! » Finance

Ford, Chrysler January sales jump

Reuters — Wed, 01 Feb 2012 15:45:43 +0000

DETROIT (Reuters) – Chrysler Group LLC posted a 44 percent rise in U.S. auto sales in January, led by gains for its Jeep brand, while its larger domestic rival General Motors Co lost ground in a month marked by modest growth.

Wall Street jumps on overseas optimism

Reuters — Wed, 01 Feb 2012 15:23:57 +0000

NEW YORK (Reuters) – Stocks rallied on Wednesday as upbeat economic data out of China and Germany eased concerns about the global economy and Greece neared a long-delayed deal on a debt swap.

Manufacturing sector picks up in January: ISM

Reuters — Wed, 01 Feb 2012 15:22:14 +0000

NEW YORK (Reuters) – The pace of growth in the manufacturing sector picked up in January to its highest level since June as new orders improved, according to an industry report released on Wednesday.

Amazon shares fall as outlook disappoints

Reuters — Wed, 01 Feb 2012 15:17:39 +0000

(Reuters) – Amazon.com Inc’s shares slid 12 percent in early trade on fears that heavy spending would hurt the retailer’s profits even as revenue growth falls short of Wall Street expectations.

Markets warm to European debt, Portugal pressure eases

Reuters — Wed, 01 Feb 2012 15:14:10 +0000

LONDON/ATHENS (Reuters) – Cautious optimism that the euro zone crisis may be turning a corner fuelled demand for European government debt on Wednesday, easing pressure on Portugal, seen as the most vulnerable country after Greece.

World factory output curbed by troubled Europe

Reuters — Wed, 01 Feb 2012 14:55:07 +0000

LONDON/SINGAPORE (Reuters) – Crumbling global demand restrained factory output in Asia and most of Europe in January, business surveys showed on Wednesday, putting pressure on policymakers to shore up growth and counter a spreading malaise.

Private sector adds 170,000 jobs in January: ADP

Reuters — Wed, 01 Feb 2012 13:47:36 +0000

NEW YORK (Reuters) – The pace of job creation by private employers slowed in January after a sharp gain the month before, a report by a payrolls processor showed on Wednesday.

Plosser slams Fed’s 2014 low-rate forecast

Reuters — Wed, 01 Feb 2012 13:38:28 +0000

GLADWYNE, Pennsylvania (Reuters) – A top Federal Reserve official sharply criticized the U.S. central bank’s decision last week to telegraph ultra low interest rates for nearly three more years, saying on Wednesday the move undermined confidence and caused confusion.

Nasdaq profit ahead of expectations

Reuters — Wed, 01 Feb 2012 13:04:00 +0000

(Reuters) – Nasdaq OMX Group Inc’s quarterly profit declined due to a number of expenses, but when stripping out the one-time charges, the Nasdaq stock market parent beat analysts’ expectations.

Sony names Hirai president and CEO, replacing Stringer

Reuters — Wed, 01 Feb 2012 12:54:39 +0000

TOKYO (Reuters) – Sony Corp named Vice President Kazuo Hirai as president and CEO, replacing Howard Stringer who will step down from day-to-day management in a long-expected change for a company struggling to regain its driving force in consumer electronics.