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Wednesday, October 15, 2014

Business Today: U.S. producer prices fall for first time in over a year

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U.S. producer prices fall for first time in over a year
WASHINGTON, Oct 15 (Reuters) - Prices received by U.S. producers fell in September for the first time in over a year, a potentially worrisome sign for the economy in that inflation appears to be failing to gain traction.
U.S. retail sales give cautionary sign on consumer demand
WASHINGTON - U.S. retail sales declined in September even when factoring out weakness at auto dealers and gasoline stations, providing a surprisingly cautionary sign for the strength of consumer demand.
Futures drop on global economy concerns, merger doubt
NEW YORK (Reuters) - U.S. stock index futures dropped on Wednesday as selling resumed on worries over the health of the world economy, ahead of a slew of data and corporate earnings.
AbbVie cools on $55 billion Shire deal after U.S. tax changes
LONDON (Reuters) - U.S. pharmaceutical company AbbVie said it was reconsidering its $55 billion takeover of Shire in the wake of U.S. government moves to curb deals designed to cut tax, wiping $13 billion off the London-listed firm's stock price.
Bank of America posts loss on mortgage settlement
(Reuters) - Bank of America Corp , the No. 2 U.S. bank by assets, reported a small quarterly loss applicable to common shareholders on Wednesday, largely due its record $16.65 billion mortgage settlement with the U.S. government in August.
BlackRock sees inflows into fixed income: CNBC
(Reuters) - Asset manager BlackRock Inc has had $48 billion in net new flows into its fixed income funds this year, Chief Executive Officer Larry Fink told CNBC on Wednesday morning.
HP to resume share repurchase program
(Reuters) - Hewlett-Packard Co said it would resume its share repurchase program, a day after sources told Reuters that the company had ended merger talks with EMC Corp .
The global business of secondhand clothes thrives in Kenya
NAIROBI (Reuters) - Shaded by ragged squares of canvas, amid choking dust and the noise of hawkers, shoppers in Nairobi's Gikomba market can turn up Tommy Hilfiger jeans or a Burberry jacket for a fraction of the price in London's Regent Street or New York's Fifth Avenue.
India's IndiGo secures rights to buy 100 more Airbus A320 planes
NEW DELHI (Reuters) - Indian low-cost carrier IndiGo has secured the rights to buy a further 100 Airbus A320 planes, in addition to the 250 it agreed to purchase, the airline's President Aditya Ghosh told Reuters on Wednesday.
Lockheed says makes breakthrough on fusion energy project
WASHINGTON (Reuters) - Lockheed Martin Corp said on Wednesday it had made a technological breakthrough in developing a power source based on nuclear fusion, and the first reactors, small enough to fit on the back of a truck, could be ready in a decade.
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