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Tuesday, December 23, 2014

Business Today: U.S. third-quarter growth revised up to 5.0 percent

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U.S. third-quarter growth revised up to 5.0 percent
WASHINGTON, (Reuters) - The U.S. economy grew at its quickest pace in 11 years in the third quarter, the strongest sign yet that growth has decisively shifted into higher gear.
Futures edge up after latest record; data on tap
NEW YORK (Reuters) - U.S. stock index futures edged higher on Tuesday, a day after the Dow and S&P 500 closed at fresh records, and ahead of a raft of economic data.
Keurig recalls more than 7 million brewing machines in North America
(Reuters) - Keurig Green Mountain Inc said it would recall about 7.2 million hot beverage-brewing machines that could overheat and cause injury by spraying hot liquids on users.
U.S. business spending plans gauge flat in November
WASHINGTON, (Reuters) - A gauge of business investment plans was unexpectedly flat in November, suggesting a slowdown in economic growth after a brisk expansion over the last two quarters.
Strong prescription sales help Walgreen top profit estimates
(Reuters) - U.S. drugstore chain operator Walgreen Co reported a better-than-expected quarterly profit, helped by a record number of prescriptions filled, sending its shares up 3.6 percent.
Oil steady around $60 on hopes of strong U.S. data
LONDON (Reuters) - Brent crude steadied around $60 a barrel on Tuesday, under pressure from a supply glut but supported by forecasts of stronger economic data from the United States, the world's biggest oil consumer.
Informal capital controls arrest Russian ruble's slide
MOSCOW (Reuters) - The Russian rouble hit its highest levels in two weeks on Tuesday, shored up by informal capital control measures designed to head off a repeat of the galloping inflation and mass protests that marked Russia's 1998 financial crisis.
Exclusive: Express Scripts presses for more drug savings with coverage list
LOS ANGELES (Reuters) - Express Scripts , the largest manager of prescription drug plans for U.S. employers, is taking an increasingly aggressive stance in price negotiations with pharmaceutical companies after winning discounts on medications with a strategy introduced last year.
Anxious German employers gear up for minimum wage revolution
BERLIN (Reuters) - Michael Pirl is about to raise prices at his hotel in rural east Germany to cover a spike in labor costs as a national minimum wage takes effect, and he hopes new events like dinner shows will keep the customers coming.
Thales appoints Proglio as chairman, Caine as CEO
PARIS (Reuters) - French defense electronics group Thales appointed former EDF chief Henri Proglio as chairman on Tuesday and its second-in-command as CEO with shareholders the French state and Dassault Aviation setting aside differences over influence on the board.
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U.S. third-quarter growth revised up to 5.0 percent
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