Category: Economy

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Merger roadblock for Fiat and Chrysler hurdled

In an announcement, Fiat SpA had determined that very few shareholders had tendered their stock to prevent the reorganization of the Italian car giant...
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U.S. consumer sentiment index climbs to 82.5 in August

Sentiment by U.S. consumers surprisingly rose in August, higher than the preliminary reading, according to a report by University of Michigan and Thom...
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U.S. unemployment claims fall to 298K in Aug. 23 week

The number of Americans who applied for jobless claims dropped below the 300,000 level for the fourth time in the last six weeks, a sign of strengthen...
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U.S. economy expands 4.2 percent in Q2 as corporate profits rise

The U.S. economy expanded in the second quarter, boosted by improved corporate profits, raising the prospects for a sixth straight year of positive gr...
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U.S. mortgage applications rise 2.8 percent in July 22 week

The average number of U.S. mortgage applications jumped 2.8 percent from the previous week for the week ended July 22, according to the survey results...
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Conference Board: U.S. consumer confidence hits near 7-year high

Confidence by U.S. consumers surprisingly increased to a near seven-year high in August, according to data from a private research group released Tues...
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Orders for U.S. durable goods surge 22.6 percent to $300.1B in July

Orders for U.S.-manufactured durable goods accelerated to a record pace in July, boosted by the increase in demand for airplanes that may also help th...
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Burger King holding talks to buy Canada’s Tim Hortons in tax inversion deal

Burger King Worldwide Inc. is holding discussions with Tim Hortons Inc. to acquire the Canadian coffee-and-doughnut seller, in a deal called tax inver...
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U.S. sales of new homes down 2.4 % in July; lowest in 4 months

Sales of new homes dropped to its four-month low in July, an indication that the U.S. real estate sector has lost its momentum to help the economy gro...
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Roche buys InterMune for $8.3B; biggest acquisition in 5 years

Roche will acquire U.S. biotech firm InterMune in a $8.3bn deal, its biggest acquisition for five years, in the latest M&A activity sweeping the pharm...