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Wednesday, December 17, 2014

Business Today: U.S. consumer inflation posts largest decline in six years

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U.S. consumer inflation posts largest decline in six years
WASHINGTON, Dec 17 (Reuters) - U.S. consumer prices recorded their biggest drop in nearly six years in November as gasoline prices tumbled, but this probably will do little to change views the Federal Reserve will start raising interest rates in mid-2015.
Stock futures rise ahead of Fed decision
NEW YORK (Reuters) - U.S. stock index futures rose on Wednesday, following three days of losses for major Wall Street indexes, ahead of the year's final statement from the U.S. Federal Reserve that may set the stage for interest rate hikes in 2015.
U.S. current account deficit widens in third quarter
WASHINGTON, Dec 17 (Reuters) - The U.S. current account deficit unexpectedly rose in the third quarter as an increase in
Fed likely to signal rate hike on track despite global woes
WASHINGTON (Reuters) - A sturdy U.S. recovery is expected to trump global economic worries as the Federal Reserve concludes its last policy meeting of 2014 on Wednesday, with officials likely to signal they are still on track to raise interest rates next year.
FedEx second-quarter profit rises, but misses expectations
CHICAGO (Reuters) - Package delivery company FedEx Corp reported lower-than-expected quarterly profit on Wednesday as U.S. domestic package and international export volumes rose, and reaffirmed its full-year profit outlook.
Russian ruble firms as exporters seen, but remains volatile
MOSCOW (Reuters) - Russia's ruble strengthened on Wednesday after dramatic falls against the dollar in the previous two days but remained extremely volatile and fears of a prolonged crisis remained.
General Mills profit falls 37 percent on weak U.S. demand
(Reuters) - General Mills Inc, the maker of Cheerios cereal and Betty Crocker cake mixes, reported a 37 percent fall in quarterly profit hurt by weak demand in the United States and slowing growth in Europe and Canada.
U.S. mortgage applications fall in latest week: MBA
NEW YORK, Reuters - Applications for U.S. home mortgages fell last week and interest rates declined to their lowest level since May 2013, an industry group said on Wednesday.
Buy American? Not so for retail stock fund investors
NEW YORK (Reuters) - A record run in U.S. stocks does not appear to have won over one large investor pool: Mom-and-pop retail investors.
Oil falls below $59 as OPEC, Russia keep pumping
LONDON (Reuters) - Brent crude oil fell below $59 a barrel on Wednesday, near 5-1/2-year lows, as major oil producers signaled that they would maintain output despite a supply glut and faltering demand in Russia and Europe.
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