Agent Page
Agent Page
Agent Page
Agent Page
My Posts/Listings
J.C. Penney sales beat, helped by home goods and Sephora
Macy's Inc and Nordstrom Inc , whose customers tend to be more affluent than Penney's, both cut their full-year forecasts this week after reporting disappointing results. J.C. Penney's gross margin rose by 70 basis points to 37.3 percent, helped by improved clearance and promotional selling margins as well as supply chain efficiencies. Net sales rose 4.8 percent to $2.90 billion. View... [Read more]
Oil prices edge away from two-month low, but market outlook stays weak
By Henning Gloystein SINGAPORE (Reuters) – Crude oil prices edged away from over two-month lows in early Thursday trading, after a sharp slide on concerns the market would take much longer than many anticipated to rebalance as supplies far outstrip demand. Internationally traded Brent crude futures were at $46.18 a barrel, up 37 cents following a 3.4-percent fall the previous day. “Rising... [Read more]
China says no tough rules for foreign bank card firms
China will not impose tough licensing restrictions on overseas bank card providers seeking to enter the country's $7 trillion card payment market, a senior central bank official said on Tuesday. “We will actively and cautiously open up China's card payment market according to laws and regulations, and encourage fair competition,” Fan said. Foreign card companies, including Visa... [Read more]
VW engineers admitted rigging CO2 emissions: Bild
Several Volkswagen engineers have admitted manipulating carbon dioxide emissions data because goals set by former Chief Executive Martin Winterkorn were difficult to achieve, Bild am Sonntag reported. The paper said VW engineers tampered with tire pressure and mixed diesel with their motor oil to make them use less fuel, a deception that began in 2013 and carried Read the original post: VW engineers... [Read more]
Fed rate hike ‘makes sense’, says U.S. central banker
Now that the United States is closing in on full employment and inflation is likely to rise to target levels, the “next step” should be to start gradually increasing rates, a top U.S. central banker said on Saturday. “I do think it… See the original post here: Fed rate hike ‘makes sense’, says U.S. central banker Read More →
Germany says testing diesel cars of foreign automakers
Germany is subjecting diesel vehicles including those from foreign manufacturers to strict checks, its transport minister said, following Volkswagen's latest disclosure that it gave false data on CO2 emissions. In a deepening scandal, Volkswagen on Tuesday said it had understated the fuel consumption and carbon dioxide emissions of about 800,000 vehicles sold in Europe. VW in September admitted... [Read more]
Number of confirmed E. coli cases linked to Chipotle rises to 40
The number of confirmed E. coli food poisoning cases linked to Chipotle Mexican Grill Inc restaurants in Washington state and Oregon rose to 40 on Thursday, as health safety officials continued searching for the source of the contamination. Washington lowered its count to 28 after additional testing ruled out one case that was suspected to be linked to the outbreak. Eight Chipotle restaurants in the... [Read more]
Fed faces patchwork recovery despite near-normal labor markets
By Howard Schneider ALEXANDER CITY, Ala (Reuters) – As gleaming new factories turn out Airbus aircraft and Hyundai cars in Alabama's urban centers, this small town that once was home to Russell Athletics shows the dilemma now faced by U.S. policymakers. Economic recovery has… Go here to read the rest: Fed faces patchwork recovery despite near-normal labor markets Read More →
AB InBev, SABMiller extend takeover deadline to November 11
Brewer SABMiller Plc has extended the deadline for rival Anheuser-Busch InBev to make a formal $100 billion-plus takeover offer by a further week in order to finalize shareholder support for the deal. The two companies said in a joint statement on Wednesday that London's Panel on Takeovers and Mergers had granted SABMiller's request to push back the deadline to 5 p.m. (12.00 midnight ET)... [Read more]
ECB reveals capital hole in Greek banks as unpaid loans soar
By John O'Donnell and Francesco Canepa FRANKFURT (Reuters) – Greece's banks need to raise more than 14 billion euros (10 billion pounds) of extra capital to cover mounting unpaid loans, the European Central Bank said on Saturday as it announced … The rest is here: ECB reveals capital hole in Greek banks as unpaid loans soar Read More →