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Friday, February 14, 2014

Business Today: Improving euro zone growth lifts shares, euro

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02/14/2014
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Improving euro zone growth lifts shares, euro
LONDON (Reuters) - Evidence of a gradual acceleration in euro zone growth put the region's shares on course for their best week of the year on Friday and pushed the euro to a three-week high.
Wells Fargo edges back into subprime as U.S. mortgage market thaws
(Reuters) - Wells Fargo & Co, the largest U.S. mortgage lender, is tiptoeing back into subprime home loans again.
Ford European sales up 9.2 percent in January on German, UK demand
BERLIN (Reuters) - Ford increased European car sales by 9.2 percent in January, the eighth straight monthly gain, benefiting from strong demand in the region's top markets Germany and the UK.
Exclusive: U.S. Murphy Oil eyes up to $3 billion Asia assets sale - sources
HONG KONG (Reuters) - Murphy Oil Corp is considering selling some of its Asian oil and gas assets in a deal that could fetch up to $3 billion, sources said, as it looks to scale down in the region like some other U.S. energy companies.
U.S. decision watched in dispute over solar imports from China, Taiwan
LOS ANGELES/WASHINGTON (Reuters) - American trade officials on Friday will take a first step on potentially extending import duties on Chinese solar energy products to also cover panels made with parts from Taiwan, in a case that could have a major impact on the fast-growing U.S. solar market.
No appetite for big consumer goods? Try their suppliers
LONDON (Reuters) - As a slowdown in emerging markets takes the shine off shares in consumer goods makers like Nestle , Unilever , Danone and Procter & Gamble , hungry investors have been sampling more of the companies that supply them.
Russian retailer Lenta sets price range for share sale
MOSCOW (Reuters) - Russian hypermarkets chain Lenta, part-owned by U.S. private equity firm TPG , has set a price range for its planned London share market offer, valuing the company at up to $5 billion.
Stronger-than-expected Germany and France nudge up euro zone growth
BRUSSELS (Reuters) - Slightly stronger-than-expected growth in Germany and France pushed the euro zone's recovery up a gear in the fourth quarter and offered potential for a more robust 2014, albeit with risks.
German grocers push upmarket in cut-throat retail race
BERLIN (Reuters) - The German grocery market, long dominated by discounters such as Aldi and Lidl, is undergoing a makeover as shoppers demand more upmarket products like organic meat and exotic cheeses and retailers take tentative steps onto the web.
Campbell Soup profit rises 71 pct
(Reuters) - Campbell Soup Co reported a 71 percent rise in quarterly profit, as more people bought soup during a spell of harsher-than-usual winter weather in the United States.
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