The Other Side of Life 24/7: Business Today: U.S. producer prices post biggest drop in three years

Thursday, January 15, 2015

Business Today: U.S. producer prices post biggest drop in three years

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01/15/2015

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U.S. producer prices post biggest drop in three years

WASHINGTON (Reuters) - U.S. producer prices in December recorded their biggest fall in more than three years on

U.S. jobless claims rise to four-month high

WASHINGTON, Reuters - The number of Americans filing new claims for unemployment benefits last week increased to the highest level since early September, but the underlying trend continued to point to a strengthening labor market.

BofA profit hurt by lower bond trading revenue

(Reuters) - Bank of America Corp, the second-largest U.S. bank by assets, reported a 14 percent fall in quarterly profit as revenue from fixed-income trading fell.

Citigroup profit falls on legal and restructuring charges

(Reuters) - Citigroup Inc, in the midst of a pullback from consumer banking in several international markets, eked out a slim fourth-quarter profit after taking charges of $3.5 billion to settle legal claims and overhaul its operations.

Futures dip in volatile trade after Swiss Bank move

NEW YORK (Reuters) - U.S. stock index futures dipped in choppy trading on Thursday, fluctuating between gains and losses, after the Swiss National Bank scrapped its three-year euro cap on the franc.

Oil prices steady on dollar; forecasts cut again

LONDON (Reuters) - Oil prices steadied on Thursday, firming as the dollar weakened, despite OPEC forecasts of lower demand for its oil this year and another cut in oil price forecasts by a major U.S. bank.

BlackRock earnings beat estimates as 2014 inflows set record

(Reuters) - BlackRock Inc, the world's largest money manager, reported a higher-than-expected quarterly profit as assets under management increased.

Exclusive: Samsung talks to BlackBerry about $7.5 billion buyout: source

NEW YORK/SEOUL (Reuters) - Samsung Electronics recently offered to buy BlackBerry Ltd for as much as $7.5 billion, seeking its valuable patents as it battles Apple in the corporate market, according to a person familiar with the matter and documents seen by Reuters.

Dollar General says store divestitures not to exceed 1,500

(Reuters) - Dollar General Corp said it does not expect to divest more than 1,500 stores to gain regulatory approval for its bid to buy smaller rival Family Dollar Corp.

Swiss central bank shocks markets with currency 'tsunami'

ZURICH (Reuters) - The Swiss National Bank (SNB) shocked financial markets on Thursday by scrapping a three-year-old cap on the franc, sending the safe-haven currency soaring through the 1.20 per euro limit and stoking fears about the export-reliant Swiss economy.