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Tuesday, November 18, 2014

Business Today: Home Depot profit beats estimates as U.S. job market improves

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Home Depot profit beats estimates as U.S. job market improves
(Reuters) - Home Depot Inc , the world's No.1 home improvement chain, reported a better-than-expected quarterly profit as an improving job market encouraged Americans to spend more on renovations.
Futures little changed after S&P 500 hits record
NEW YORK (Reuters) - U.S. stock index futures were little changed on Tuesday following a record close on the S&P 500 and ahead of producer inflation data.
Japan PM to seek fresh mandate for 'Abenomics' with snap poll
TOKYO (Reuters) - Japanese Prime Minister Shinzo Abe said on Tuesday that he would call an early election to seek a fresh mandate for his economic policies, and postpone an unpopular sales tax rise, a day after data showed the economy had slipped back into recession.
Seven big U.S. companies paid CEOs more than Uncle Sam in 2013: study
WASHINGTON (Reuters) - Seven of the 30 largest U.S. corporations paid more money to their chief executive officers last year than they paid in U.S. federal income taxes, according to a study released on Tuesday that was disputed by at least one of the companies.
Exclusive: Iran uses China bank to transfer funds to Quds-linked companies – report
NEW YORK/LONDON/SHENZHEN (Reuters) - There is no trace of Shenzhen Lanhao Days Electronic Technology Co Ltd at its listed address in the beige and pink-tiled "Fragrant Villa" apartment complex in this southern Chinese city. The building's managers say they've never heard of it.
Sony targets stronger entertainment revenue growth to help restructuring
TOKYO (Reuters) - Sony Corp aims to lift its movie entertainment revenues by more than a third in the next three years, its chief executive said on Tuesday as the loss-making consumer electronics firm tries to counter flagging smartphones sales.
Nokia revives the brand with launch of iPad lookalike
HELSINKI (Reuters) - Finland's Nokia launched a new brand-licensed tablet computer on Tuesday which is designed to rival Apple's iPad Mini, just six months after the company sold its ailing phones and devices business to Microsoft for over $7 billion.
Australian exports to China still face hurdles after hyped trade deal
SYDNEY (Reuters) - A trade deal signed with great fanfare between China and Australia has been touted as a major step towards Australia shifting its economy from a "mining boom" to a "dining boom," but the reality is likely to be more sobering.
As China's luxury car wave ebbs, foreign firms seek domestic foothold
GUANGZHOU China (Reuters) - Daimler AG will give its new luxury baby, the Mercedes-Maybach limousine, a glitzy world debut at this week's Guangzhou autoshow, even as analysts warn the end is nigh for China's 10-year high-end car sales boom.
Lufthansa signs $1.25 billion outsourcing deal with IBM
BERLIN (Reuters) - IBM has won an outsourcing contract from Germany's Lufthansa worth 1 billion euros ($1.25 billion) that will see the U.S. company take over the airline's information technology infrastructure services division and staff.
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