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U.S. third-quarter growth likely to be revised higher on services data

U.S. economic growth was likely stronger in the third quarter than previously reported, according to data on Wednesday that showed spending on services expanding at a brisk clip.

Dec 10, 2014 3:24 PM EST


Shares fall on oil drop, Greek political turmoil

Investors sold equities worldwide on Tuesday after China's market posted its worst day in five years and oil prices fell to levels not seen since 2009.

Dec 09, 2014 3:23 PM EST


Canceling a hotel reservation last-minute could cost you

When it comes to changing hotel reservations, the concept of 'last-minute' is about to get a bit longer.

Dec 09, 2014 3:20 PM EST


Abercrombie CEO Jeffries steps down as company seeks new look

Abercrombie & Fitch Co (ANF.N) Chief Executive Michael Jeffries, who transformed the teen apparel retailer from a drab sports brand into a fashion icon before running afoul of shoppers and investors, has stepped down after over two decades at the helm.

Dec 09, 2014 3:18 PM EST


ECB's Praet says would have cut interest rates at last meeting if possible

The European Central Bank would probably have cut interest rates at its last meeting if they had not already been at the zero limit, European Central Bank chief economist Peter Praet said on Tuesday.

Dec 09, 2014 3:16 PM EST


Dow, S&P 500 edge down on global worries; Nasdaq climbs

The Dow and S&P 500 fell on Tuesday following concerns about global weakness and political turmoil, while the Nasdaq edged higher along with tech shares and energy.

Dec 09, 2014 3:13 PM EST


U.S., European stocks fall; oil hits five-year low

U.S. and European stocks fell on Monday after weak Chinese and Japanese data stoked worries about slowing global economic growth, while oil prices sank to five-year lows on expectations of oversupply into 2015.

Dec 08, 2014 4:22 PM EST


Behind the holiday trend of self-gifting

Jill Bascou looked like a typical holiday gift shopper standing in line on Thanksgiving Day shortly after the Target in Marlton, New Jersey opened at 6 p.m.

Dec 08, 2014 4:20 PM EST


BoE's Weale: signs recovery will boost productivity 'tenuous'

Signs that Britain's economic upturn will soon end years of poor productivity growth are tenuous at best, which could mean interest rates will need to rise, Bank of England policymaker Martin Weale said on Monday.

Dec 08, 2014 4:16 PM EST


Operator of Bitcoin stock exchange penalized by U.S. SEC

U.S. securities regulators on Monday ordered the operator of a stock exchange, which allowed clients to use Bitcoin to trade in certain securities, to pay $68,000 to resolve claims that he did not register the exchanges.

Dec 08, 2014 4:12 PM EST


U.S. factory orders fall for third straight month

New orders for U.S. factory goods fell for a third straight month in October, pointing to a slowdown in manufacturing activity.

Dec 05, 2014 12:01 PM EST


JPMorgan's Dimon says 'no evidence of cancer'

JPMorgan Chase & Co (JPM.N) Chief Executive Jamie Dimon said medical tests showed "no evidence of cancer in my body," according to an internal memo seen by Reuters.

Dec 05, 2014 11:59 AM EST


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