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Wall Street falls steeply with China, Greece fears paramount

Breaking Business News - Fri, 04/17/2015 - 22:18
(Reuters) - The S&P 500 posted its biggest percentage loss since March 25 on Friday as investors shunned risk amid new trading regulations in China, renewed worries about Greece running out of money, and tepid U.S. corporate earnings.

Investors look to earnings for market direction

Breaking Business News - Fri, 04/17/2015 - 22:15
NEW YORK (Reuters) - Investors attempting to determine whether U.S. equities will rebound from Friday's selloff or continue to sink will look to a deluge of earnings next week for a clearer picture of the economy.






G20 more upbeat on growth, but officials fret over Greece

Breaking Business News - Fri, 04/17/2015 - 20:11
WASHINGTON (Reuters) - The Group of 20 leading economies struck a hopeful tone on the outlook for global growth on Friday, even as officials fretted that Athens' inability to strike a deal with its lenders could upset Europe's tentative recovery.

Exclusive: Greece scrapes bottom of barrel in hunt for cash to stay afloat

Breaking Business News - Fri, 04/17/2015 - 19:05
ATHENS (Reuters) - Greece will need to tap all the remaining cash reserves across its public sector -- a total of 2 billion euros ($2.16 billion) -- to pay civil service wages and pensions at the end of the month, according to finance ministry officials.






Investors look to earnings for market direction

Breaking Business News - Fri, 04/17/2015 - 19:04
NEW YORK (Reuters) - Investors attempting to determine whether U.S. equities will rebound from Friday's selloff or continue to sink will look to a deluge of earnings next week for a clearer picture of the economy.

G20 more upbeat on growth, but officials fret over Greece

Breaking Business News - Fri, 04/17/2015 - 18:52
WASHINGTON (Reuters) - The Group of 20 leading economies struck a hopeful tone on the outlook for global growth on Friday, even as officials fretted that Athens' inability to strike a deal with its lenders could upset Europe's tentative recovery.






Ford to spend $2.5 billion on plants in Mexico, angering UAW

Breaking Business News - Fri, 04/17/2015 - 18:29
MEXICO CITY (Reuters) - Ford Motor Co said on Friday it will spend $2.5 billion to build a new generation of fuel-efficient engines and transmissions in Mexico, creating 3,800 jobs.






Wal-Mart shuffles U.S. store management to improve sales

Breaking Business News - Fri, 04/17/2015 - 18:24
(Reuters) - Wal-Mart Stores Inc said on Friday it would eliminate the position of zone manager in its U.S. stores while adding up to 8,000 new department heads as part of an overhaul of its store operations.

Wal-Mart cutting layer of management in stores: Bloomberg

Breaking Business News - Fri, 04/17/2015 - 17:17
(Reuters) - Wal-Mart Stores Inc, the world's largest retailer, is cutting the role of zone manager from its stores as part of efforts to simplify its operations, Bloomberg reported, citing people familiar with the matter.

Justice Dept. staff may oppose Comcast-Time Warner Cable deal: Bloomberg

Breaking Business News - Fri, 04/17/2015 - 16:56
(Reuters) - Staff attorneys at the Justice Department's antitrust division are nearing a recommendation to block the proposed $45 billion merger of Comcast Corp and Time Warner Cable Inc, Bloomberg reported on Friday, citing people familiar with the matter.






Wall Street falls steeply with China, Greece fears paramount

Breaking Business News - Fri, 04/17/2015 - 16:51
(Reuters) - The S&P 500 posted its biggest percentage loss since March 25 on Friday as investors shunned risk amid new trading regulations in China, renewed worries about Greece running out of money, and tepid U.S. corporate earnings.






New WSJ.com readies for Monday debut

Talking Biz News - Fri, 04/17/2015 - 16:43
The revamped Wall Street Journal website will officially launch on Monday, and the newspaper is offering a peek here. Managing editor Gerard Baker writes, “Guided by subscriber feedback, we’ve endeavored to create an immersive...

Financial content boosts WaPo’s new readership record

Talking Biz News - Fri, 04/17/2015 - 16:30
Executive editor Martin Baron, managing editor Kevin Merida and managing editor Emilio Garcia-Ruiz shared the following memo with The Washington Post’s newsroom staff: We have been breaking a lot of digital readership records around...

“Wall Street Week” and its cautious roll-out strategy

Talking Biz News - Fri, 04/17/2015 - 16:27
Anthony Scaramucci, the Wall Street investor who is bringing back “Wall Street Week,” spoke with Capital New York about how the show will expand slowly. Here is an excerpt: CAPITAL: It will air in...

This week’s top business news – April 13-17, 2015

Talking Biz News - Fri, 04/17/2015 - 16:22
In a week bustling with business news, Thursday stood out in what could now be declared IPO day, with both Etsy and Party City trading feverishly on their first day on the market. Not...

Oil falls from 2015 peaks, Brent jumps 9.6 percent on the week

Breaking Business News - Fri, 04/17/2015 - 16:12
NEW YORK (Reuters) - Crude futures fell from 2015 peaks in choppy trading on Friday, but Brent's 9.6 percent weekly gain was its biggest in more than five years as Middle East turmoil and signs of lower U.S. production lifted prices.






Strong dollar hit to GE, Honeywell may bode poorly for other industrials

Breaking Business News - Fri, 04/17/2015 - 14:41
(Reuters) - General Electric Co and Honeywell International Inc said on Friday they will take steps to cushion the impact of a stronger dollar, which hurt first-quarter results at both companies.

GM counting on high-speed Internet services in car to drive profits

Breaking Business News - Fri, 04/17/2015 - 14:29
DETROIT (Reuters) - Buyers of General Motors Co vehicles will increasingly be able to use in-car mobile broadband systems to book hotel rooms, cut deals on driver insurance, pay for data usage and conduct a host of other transactions.

U.S. consumer prices edge up, supporting Fed rate rise

Breaking Business News - Fri, 04/17/2015 - 14:05
WASHINGTON (Reuters) - U.S. consumer prices increased for a second straight month in March on rising gasoline and housing costs, a sign of an uptick in inflation that should keep the Federal Reserve on course to start raising interest rates this year.

Democrats square off over trade negotiating bill

Breaking Business News - Fri, 04/17/2015 - 13:46
WASHINGTON (Reuters) - U.S. President Barack Obama said on Friday a new trade agreement with Asia that is being negotiated would benefit not just America's businesses but also its workers, anticipating Democratic concerns the deal would cost U.S. jobs