Business

China December Export Growth Slows, Rosier 2014 Seen

China's export growth slowed more than expected in December due to a higher comparison base a year earlier and a clamp-down on speculative activities disguised as export deals, missing the official target on foreign trade. But the outlook for 2014...

Fiat CEO Says Mandatory Convertible An Option -Report

Fiat (FIA.MI) could use a mandatory convertible bond as a way of financing investments after its $4.35 billion deal to buy the rest of Chrysler, the Italian carmaker's chief executive said in an interview with Italian newspaper La Repubblica. "A...

Jobless Claims Fall As Labor Market Firms

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The number of Americans filing new claims for unemployment benefits last week fell slightly more than expected, pointing to an economy that was continuing to gain steam. Initial claims for state unemployment benefits declined 15,000 to a seasonally adjusted 330,000,...

Analysis: Housing Experts Warn Of Hiccups As New U.S. Mortgage Rules Go Live

U.S. banks and housing groups are bracing for paperwork headaches and delays as major post-crisis mortgage reforms take effect later this week, but experts say prior warnings of a blow to the housing recovery will not be proven right. On...

Wall Street Up After Claims Data; Macy’s Jumps

U.S. stocks rose at the open on Thursday in the wake of upbeat labor market data and as Macy's lifted the bar further for retailers after a stellar holiday season. The number of Americans filing new claims for unemployment benefits...

China Inflation Hits 7-Month Low, Eases Tightening Fears

China's annual consumer inflation slowed more sharply than expected to a seven-month low of 2.5 percent in December, easing market fears of monetary policy tightening although the central bank is tapping the brakes on bank liquidity. Rising money market rates...

Apple, Samsung CEOs Agree To Mediation In U.S. Patent Fight

Apple Inc and Samsung Electronics have agreed to attend a mediation session to be held on or before February 19, as they prepare to clash in court in March over smartphone patents. Apple CEO Tim Cook and Samsung CEO Oh-Hyun...

Insight: Underfunded U.S. Homeowner Associations Get Heavy

INGRID BOAK POSES IN FRONT OF HER NOW-RENTED HOME IN LEXINGTON For six years, Ingrid Boak, who travels a lot for work as a racehorse trainer, ignored mail from her homeowner association. Boak, of Lexington, Kentucky, says the letters were requests...

Panama Canal, Consortium Haggle To Keep Expansion Going

The Panama Canal and a Spanish-led building consortium expanding the major world cargo route are haggling over financing to keep work going amid a cost dispute, raising hopes of a deal. Building consortium Grupo Unidos por el Canal (GUPC), led...

Banks Face New Probe Over Mortgage Bond Trades Post 2008: WSJ

Federal regulators are probing whether several big banks deliberately mispriced mortgage bonds in the years following the financial crisis, the Wall Street Journal reported, citing people close to the inquiry. The new investigation is a potential blow to the banks...