RefBan

Referral Banners

Wednesday, February 29, 2012

Business Today: Stock futures add to gains after GDP data

Reuters » Election_newsletter_nov11 » V2
02/29/2012
Reuters Election 2012 Daily round-up of the day's top news from the campaign trail, the White House and all the politics in between
Stock futures add to gains after GDP data
NEW YORK (Reuters) - Stock index futures added to gains on Wednesday after data showed the U.S. economy grew slightly faster than initially thought in the fourth quarter.
GDP revised up to 3 percent in fourth-quarter
WASHINGTON (Reuters) - The economy grew a bit faster than initially thought in the fourth quarter on slightly firmer consumer and business spending, which could help to allay fears of a sharp slowdown in growth in early 2012.
Banks gorge on 530 billion euros of ECB funds
FRANKFURT (Reuters) - Banks grabbed 530 billion euros at the European Central Bank's second offering of cheap three-year funds on Wednesday, fuelling expectations that credit will flow to businesses and borrowing costs will ease for governments hit by the euro zone crisis.
Bridgewater bucks trend to make clients $13.8 billion
LONDON (Reuters) - Bridgewater Associates, the world's biggest hedge fund, handed clients $13.8 billion last year, catapulting founder Ray Dalio above long-time rivals such as George Soros and John Paulson as the industry's biggest money maker in 2011, research showed.
Costco profit beats on sales of cheap gasoline
(Reuters) - Warehouse club operator Costco Wholesale Corp posted a higher-than-expected quarterly profit as its lower-priced gasoline drew members to its stores.
Exclusive: U.S. conducting criminal Libor probe
NEW YORK (Reuters) - The Justice Department is conducting a criminal probe into whether the world's biggest banks manipulated a global benchmark rate that is at the heart of a wide range of loans and derivatives, from trillions of dollars of mortgages and bonds to interest rate swaps, a person familiar with the matter said.
Staples 4th-quarter profit beats Wall Street estimates
(Reuters) - Staples Inc , the largest U.S. office supply chain, reported a quarterly profit that narrowly beat analysts' estimates, helped by a slight increase in customer traffic at its North American business.
Mortgage purchase applications jumped last week: MBA
NEW YORK (Reuters) - Applications for home mortgage purchases jumped last week as interest rates dipped, though demand for refinancing waned, an industry group said on Wednesday.
Irish vote, German court add euro zone uncertainty
DUBLIN/KARLSRUHE, Germany (Reuters) - A planned referendum in Ireland and a German court ruling cast new uncertainty on Tuesday over efforts to overcome the euro zone's debt crisis, just when a flood of central bank money appeared to be calming financial markets.
GM hesitates over Peugeot alliance plan: source
FRANKFURT/PARIS (Reuters) - French car maker PSA Peugeot Citroen's alliance talks with General Motors may yet fail as the U.S. automaker hesitates over criticism from investors, a source with knowledge of the discussions said.
Related Video
Market Pulse: Bank feeding frenzy eases credit crunch fears
Leading vitamin maker warns of unhealthy 2012
Economic News
GDP revised up to 3 percent in fourth-quarter
Consumer confidence at 1-year high in February
SUBSCRIBE TO OTHER REUTERS NEWSLETTERS
Counterparties
A daily digest of breaking business news, coverage of the US economy, major corporate news and the financial markets. Register Today  
 Money
The latest Reuters articles on M&A, IPOs, private equity, hedge funds and regulatory updates delivered to your inbox each day. Register Today  
» MORE NEWSLETTERS
- 3 Times Square New York, NY 10036 USA © Copyright 2010 Thomson Reuters
Ensure delivery of Reuters Newsmails, add mail@nl.reuters.com to your address book. Details
Subscribe to other Reuters newsletters.
Unsubscribe from this newsletter.
Follow us on Twitter facebook Friend us on Facebook Forward this newsletter to a friend Forward to a friend

No comments: