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Finance Stories

Lender says will make ‘significant’ new bid for RadioShack

By Tom Hals WILMINGTON, Del (Reuters) – A lender to bankrupt RadioShack Corp (RSHCQ.PK) told a U.S. judge on Friday it was prepared to present a new offer that was a “significant improvement” over a rival proposal that was selected … Continue reading

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U.S. economic growth slows in fourth quarter; corporate profits fall

By Lucia Mutikani WASHINGTON (Reuters) – U.S. economic growth cooled in the fourth quarter as previously reported and after-tax corporate profits took a hit from a strong dollar, which could undermine future business spending. Gross domestic product expanded at a … Continue reading

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Oil dives 5 percent as worries about Iran talks trump Yemen

By Barani Krishnan NEW YORK (Reuters) – Oil tumbled 5 percent on Friday, erasing the previous session’s gains, as Yemen’s conflict looked less likely to disrupt Middle East crude shipments and investors turned their focus to talks for a potential … Continue reading

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As 3G digests Kraft deal, rivals will focus on organic firms

By David Randall NEW YORK (Reuters) – The macaroni and ketchup merger of Kraft Foods Group (KRFT.O) and H.J. Heinz Co may prove a boon to the far smaller natural and organic food companies that have seized market share as … Continue reading

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Fed’s Yellen sees gradual rate hikes starting this year

By Ann Saphir and Michael Flaherty SAN FRANCISCO/WASHINGTON (Reuters) – Federal Reserve Chair Janet Yellen signaled that the U.S. central bank will likely start raising borrowing costs later this year, even before inflation and wages have returned to health, but … Continue reading

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U.S. biotech stocks may fall further as short interest rises

By David Randall NEW YORK (Reuters) – A 4 percent decline in biotechnology stocks on Wednesday sent the Nasdaq Composite Index (.IXIC) to its largest one-day loss in nearly a year, and some investors are betting that the once-hot sector … Continue reading

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Amazon in talks to buy online luxury retailer Net-a-Porter -Forbes

(Reuters) – Amazon.com is in talks to buy online luxury retailer Net-a-porter in what could be the biggest acquisition yet for the e-commerce giant, but the negotiations are in early stages and could fall apart, Forbes reported, citing a person … Continue reading

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Oil council: Shale won’t last, Arctic drilling needed now

WASHINGTON (AP) — The U.S. should immediately begin a push to exploit its enormous trove of oil in the Arctic waters off of Alaska, or risk a renewed reliance on imported oil in the future, an Energy Department advisory council … Continue reading

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How oil is preparing for a new world order

A new oil order has arrived and it will be marked by greater uncertainty and generally lower oil prices as the oil industry frantically re-prices as costs decline and gains in efficiency are made, strategists say. As investors continue to … Continue reading

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Americans love big hot suburbs

The new Census population estimates are out today, and only two metros added more than 100,000 people between July 2013 and July 2014. Houston and Dallas—both in Texas. Only one metro with a population greater than 1 million people grew … Continue reading

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