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U.S. housing, consumer confidence data bolster economic outlook

By Lucia Mutikani WASHINGTON (Reuters) – New U.S. single-family home sales rose more than expected in November and consumer sentiment hovered near a 13-year high this month, strengthening the view that the economy will gain further momentum next year. President-elect Donald Trump's plan to cut taxes and increase infrastructure spending is expected to boost economic growth, though

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U.S. housing, consumer confidence data bolster economic outlook

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U.S. consumer spending slows; business investment perking up

U.S. consumer spending increased modestly in November as household income failed to rise for the first time in nine months, suggesting the economy slowed in the fourth quarter after growing briskly in the prior period. The slowdown in growth is likely to be temporary given the strong economic foundation that could be bolstered by President-elect

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U.S. consumer spending slows; business investment perking up

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Goldman names former DuPont CEO Kullman to board of directors

(Reuters) – Goldman Sachs Group Inc named former chair and chief executive officer of E.I. du Pont de Nemours and Co Ellen Kullman to its board of directors, according to a filing

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Goldman names former DuPont CEO Kullman to board of directors

housing-market

Volkswagen reaches deal with 80,000 U.S. 3.0-liter vehicle owners

A federal judge said on Thursday that Volkswagen AG has reached an agreement in principle to provide “substantial compensation” to the owners of about 80,000 3.0-liter polluting diesel vehicles, a key hurdle to resolve the German automaker's emissions scandal. U.S. District Judge Charles Breyer did not disclose the amount of owner compensation, which

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Volkswagen reaches deal with 80,000 U.S. 3.0-liter vehicle owners

housing-market

U.S. sues Barclays, ex-executives for mortgage securities fraud

The U.S. Department of Justice on Thursday sued Barclays Plc and two former executives on civil charges of fraud in the sale of mortgage-backed securities during the run-up to the 2008-09 financial crisis. The lawsuit was filed after Barclays resisted a penalty the U.S. government had sought in settlement negotiations, a person familiar with the matter said. Major U.S. banks, including JPMorgan Chase & Co and Bank of America Corp , have paid tens of millions of dollars to settle …

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U.S. sues Barclays, ex-executives for mortgage securities fraud

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Deutsche Bank agrees to $7.2 billion mortgage settlement with U.S.

By Karen Freifeld, Arno Schuetze and Kathrin Jones NEW YORK/FRANKFURT (Reuters) – Deutsche Bank has agreed to a $7.2 billion settlement with the U.S. Department of Justice over its sale and pooling of toxic mortgage securities…

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Deutsche Bank agrees to $7.2 billion mortgage settlement with U.S.

housing-market

Tight inventories, rising prices hurt U.S. home sales

By Lucia Mutikani WASHINGTON (Reuters) – U.S. home resales fell in October as a persistent shortage of properties limited choice for potential buyers and pushed up prices, suggesting some softening in the pace of the…

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Tight inventories, rising prices hurt U.S. home sales