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Growth snapshots ahead in world awash with cheap money

By Jonathan Cable LONDON (Reuters) – Bumper July jobs data from the United States have again begun to stoke expectations of a September rate hike from the Federal Reserve, just when other major central banks around the globe are unleashing ever-looser policy. New Zealand's central bank is also expected to join the easing brigade with a cut on Thursday. Slow growth and virtually non-existent euro zone inflation will also force the European Central Bank to extend and expand…

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Growth snapshots ahead in world awash with cheap money

Berkshire profit up 25 percent as insurance helps, BNSF weighs

By Jonathan Stempel (Reuters) – Berkshire Hathaway Inc on Friday said its second-quarter profit rose 25 percent, helped by improvement in insurance underwriting, investment gains and the purchase of Precision Castparts Corp, Warren Buffett's largest acquisition. But operating results fell short of analyst forecasts, as depressed oil prices and coal demand weighed on volume at the conglomerate's BNSF railroad unit, while units

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Berkshire profit up 25 percent as insurance helps, BNSF weighs

PwC must face $1 billion MF Global malpractice lawsuit: U.S. judge

A federal judge rejected PricewaterhouseCoopers' [PWC.UL] bid to dismiss a $1 billion lawsuit accusing the accounting firm of professional malpractice for helping cause the October 2011 bankruptcy of MF Global Holdings Ltd [MGHL.UL], a brokerage once run by former New Jersey Governor…

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PwC must face $1 billion MF Global malpractice lawsuit: U.S. judge

Nissan in talks with Panasonic, others to sell battery operations: sources

Nissan Motor Co is in talks with Panasonic Corp and overseas companies including Chinese firms over the possible sale of its controlling stake in a car battery manufacturing venture, sources said. Two people with knowledge of the matter said on Saturday that the Japanese automaker wants to sell its 51 percent stake in Automotive Energy Supply Corporation, which makes lithium-ion batteries for electric vehicles. The company is jointly owned by NEC Corp .

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Nissan in talks with Panasonic, others to sell battery operations: sources

Expected solid U.S. job gains seen as boost to economy

U.S. employment likely increased at a healthy clip in July, with wages picking up, which should help to underpin consumer spending and boost the economy. The Labor Department’s closely-watched employment report on Friday will probably show that nonfarm payrolls increased by 180,000 jobs last month, according to a Reuters survey of economists. While that would be a step down from June’s 287,000 surge, July’s expected gain would still be above the average monthly advance of 171,500 jobs over the first half of the year.

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Expected solid U.S. job gains seen as boost to economy

Iran nuclear pact opponents lobby in U.S. against Boeing, Airbus deals

By Patricia Zengerle WASHINGTON (Reuters) – As the U.S. Treasury Department decides whether to license sales of Boeing Co and Airbus commercial aircraft to Iran, opponents of last year's nuclear pact with the Islamic republic have launched a lobbying campaign against the deals. The international agreement to curb Iran's nuclear program…

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Iran nuclear pact opponents lobby in U.S. against Boeing, Airbus deals

Investor Wilbur Ross urges Trump not to let his behavior become the issue

Billionaire investor Wilbur Ross stood behind Republican Donald Trump but urged him to stop engaging in exchanges that benefit the Democrats and make the real estate mogul's behavior the issue in the U.S. presidential campaign. “This election is Donald's to lose and so far the Democrats have been clever

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Investor Wilbur Ross urges Trump not to let his behavior become the issue

Away from spotlight, U.S. manufacturers battle back from ‘China shock’

By Howard Schneider HICKORY, North Carolina (Reuters) – As furniture makers left Hickory and headed to China at the start of the century, the local community college shuttered its courses in furniture production, abandoning an industry that had sustained this North Carolina community for generations. The U.S. economy lost almost a third of its manufacturing jobs from 2000 to 2010 and the Republican presidential nominee Donald Trump's pledge to get tough with China and rip up trade pacts to “bring jobs back” has resonated among millions…

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Away from spotlight, U.S. manufacturers battle back from ‘China shock’

New U.S. mortgage rules aim to stop wrongful foreclosures

The U.S. agency charged with protecting consumers' finances approved rules on Thursday that will help prevent wrongful home foreclosures, as the regulator continues to press on with reforming the country's massive lending market. The rules by the Consumer Financial Protection Bureau (CFPB), created in the aftermath of the U.S. housing bust that began in 2006, build on current regulations requiring a mortgage servicer to grant certain foreclosure protections to a struggling borrower once …

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New U.S. mortgage rules aim to stop wrongful foreclosures

U.S. jobless claims rise marginally, factory orders decline

The number of Americans filing for unemployment benefits unexpectedly rose last week, while renewed job cuts in the energy sector boosted layoffs announced by U.S.-based employers in July. Despite the increases, the labor market remains healthy and will probably continue to support economic growth for the rest of this year

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U.S. jobless claims rise marginally, factory orders decline

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