‘Finance’ Articles
Manufacturing sector picks up in January: ISM
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) - 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
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
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.
Plosser slams Fed’s 2014 low-rate forecast
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) - 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
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.
Chrysler reports full-year profit on strong U.S. sales
DETROIT (Reuters) - U.S. automaker Chrysler Group LLC swung to a full-year net income of $183 million on Wednesday, and made the bold prediction that profit would be eight times higher in 2012, on strong sales in its main U.S. market.
