Economy of the United States http://www.globalpost.com/taxonomy/term/23008/all en US STOCKS-Futures drop after rally as investors book profit http://www.globalpost.com/dispatch/news/thomson-reuters/130103/us-stocks-futures-drop-after-rally-investors-book-profit <p>* Jobless claims, ADP employment report on tap</p> <p>* Fed to release minutes from FOMC Dec meeting</p> <p>* Costco December same-store sales up 9 pct</p> <p>* Futures off: S&amp;P 4 pts, Dow 20 pts, Nasdaq 4.75 pts</p> <p>By Angela Moon</p> <p><a href="http://www.globalpost.com/dispatch/news/thomson-reuters/130103/us-stocks-futures-drop-after-rally-investors-book-profit" target="_blank">read more</a></p> Business Costco Costco Wholesale Corp Dow Jones Industrial Average Economy of the United States Entertainment Futures contract Investment Labor NASDAQ NASDAQ-100 Quotation Stock market Thomson Reuters Thu, 03 Jan 2013 13:22:27 +0000 5730966 at http://www.globalpost.com GLOBAL MARKETS-U.S. fiscal deal prompts rally in stocks, commodities http://www.globalpost.com/dispatch/news/thomson-reuters/130103/global-markets-us-fiscal-deal-prompts-rally-stocks-commodities <p>* Global shares jump after U.S. Congress passes budget deal * Dollar down, euro rises on increase in risk appetite * Oil jumps as commodities join rally in risky assets By Ryan Vlastelica NEW YORK, Jan 2 (Reuters) - Global stock surged while commodities rallied on Wednesday after U.S. legislators struck a deal to halt a round of automatic fiscal tightening that threatened to push the world's largest economy into recession. The deal reached on Tuesday to avert the "fiscal cliff" put off the immediate pain of income tax hikes for almost all U.S.</p> <p><a href="http://www.globalpost.com/dispatch/news/thomson-reuters/130103/global-markets-us-fiscal-deal-prompts-rally-stocks-commodities" target="_blank">read more</a></p> Bond Business Company Location Economic history Economics Economy of the European Union Economy of the United States Euro Financial economics Foreign exchange market Futures contract Government debt Politics Quotation USD Yield curve Thomson Reuters Thu, 03 Jan 2013 15:49:34 +0000 5730978 at http://www.globalpost.com GLOBAL MARKETS-Share rally stalls as more U.S. budget battles loom http://www.globalpost.com/dispatch/news/thomson-reuters/130103/global-markets-share-rally-stalls-more-us-budget-battles-loom <p>* World shares ease back from 18-month highs</p> <p>* Brent oil falls to $112 a barrel</p> <p>* Dollar index hits three-week high</p> <p>* Euro dips 0.3 pct to $1.3150</p> <p>By Richard Hubbard</p> <p>LONDON, Jan 3 (Reuters) - A global share market rally petered out on Thursday as investors focused on U.S. political battles ahead over spending cuts, halting the gains that followed a deal to avoid sharp tax hikes.</p> <p><a href="http://www.globalpost.com/dispatch/news/thomson-reuters/130103/global-markets-share-rally-stalls-more-us-budget-battles-loom" target="_blank">read more</a></p> Business Economic disasters Economic history Economics Economy of the United States Government oil Person Career Quotation Recessions United States federal budget United States public debt USD World oil market chronology from Thomson Reuters Thu, 03 Jan 2013 16:00:19 +0000 5730983 at http://www.globalpost.com US STOCKS-Fed minutes short-circuit Wall St rally http://www.globalpost.com/dispatch/news/thomson-reuters/130103/us-stocks-fed-minutes-short-circuit-wall-st-rally <p>* Fed to continue asset buys as doubts grow * Investors eye congressional-White House battles ahead * Retailers post December sales * Positive jobs data has little impact * Indexes down: Dow 0.16 pct, S&amp;P 0.21 pct, Nasdaq 0.38 pct By Chuck Mikolajczak NEW YORK, Jan 3 (Reuters) - U.S. stocks dipped on Thursday after signs the Federal Reserve has growing concern about its highly stimulative monetary policy, giving investors reason to pull back after a two-day rally.</p> <p><a href="http://www.globalpost.com/dispatch/news/thomson-reuters/130103/us-stocks-fed-minutes-short-circuit-wall-st-rally" target="_blank">read more</a></p> Business Dow Jones & Company Dow Jones Industrial Average Economy of the United States Entertainment Environment Financial economics Futures contract Health Labor Law New York Stock Exchange Person Career Politics Quotation Stock market US Federal Reserve USD Thomson Reuters Fri, 04 Jan 2013 04:15:04 +0000 5731089 at http://www.globalpost.com UPDATE 5-Transocean to pay $1.4 bln for role in BP oil spill http://www.globalpost.com/dispatch/news/thomson-reuters/130103/update-5-transocean-pay-14-bln-role-bp-oil-spill <p>* Transocean owned doomed rig in 2010 Macondo disaster * Payment less than company set aside, shares jump 6.4 pct * Settlement still to be reached with plaintiffs * Halliburton still to settle with DoJ; its shares up 1.7 pct By David Ingram WASHINGTON, Jan 3 (Reuters) - Offshore rig contractor Transocean Ltd has agreed to pay $1.4 billion to settle U.S. government charges arising from BP Plc's massive oil spill in the Gulf of <a href="http://www.globalpost.com/internal/section-config/mexico">Mexico</a> in 2010. The settlement unveiled on Thursday by the U.S.</p> <p><a href="http://www.globalpost.com/dispatch/news/thomson-reuters/130103/update-5-transocean-pay-14-bln-role-bp-oil-spill" target="_blank">read more</a></p> BP BP Plc Business Business Relation Companies listed on the New York Stock Exchange Deepwater Horizon Deepwater Horizon oil spill Disaster DoJ Economy of the United States Environment Gulf of Mexico Gulf of Mexico Gulf of Mexico Halliburton Halliburton Macondo Macondo Prospect Man Made Disaster oil Person Career Petroleum Quotation Transocean Transocean Ltd USD Thomson Reuters Fri, 04 Jan 2013 04:15:13 +0000 5731092 at http://www.globalpost.com GLOBAL MARKETS-U.S. bonds, world shares fall after Fed minutes http://www.globalpost.com/dispatch/news/thomson-reuters/130103/global-markets-us-bonds-world-shares-fall-after-fed-minutes <p>* World shares slip as Fed hints at tighter policy * 10-yr Treasury yields hit highest since May * Dollar index extends rally By Rodrigo Campos NEW YORK, Jan 3 (Reuters) - U.S. Treasury debt prices slid and world stocks reversed course and dipped on Thursday after minutes from the latest meeting of the Federal Reserve's policy committee showed rising concern about the Fed's policy of buying bonds to stimulate growth. The Federal Open Market Committee's minutes also extended a rally in the U.S.</p> <p><a href="http://www.globalpost.com/dispatch/news/thomson-reuters/130103/global-markets-us-bonds-world-shares-fall-after-fed-minutes" target="_blank">read more</a></p> Business Company Location Dow Jones Industrial Average Economic history Economics Economy of the United States Emergency Economic Stabilization Act Federal Reserve System Government Labor Late-2000s financial crisis Law Person Career Person Location Quotation Subprime crisis impact timeline United States United States public debt US Federal Reserve Thomson Reuters Fri, 04 Jan 2013 04:15:23 +0000 5731095 at http://www.globalpost.com GLOBAL ECONOMY-US activity picks up, hopes for euro zone rise http://www.globalpost.com/dispatch/news/thomson-reuters/130104/global-economy-us-activity-picks-hopes-euro-zone-rise <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Thomson Reuters </div> </div> </div> <!--paging_filter--><p>* US services sector expands in Dec, hiring up sharply</p> <p>* U.S. employers add 155,000 jobs across economy in Dec</p> <p>* Surveys suggest euro zone downturn is easing</p> <p>* UK service sector declines, fourth quarter contraction seen</p> <p>By Steven C. Johnson and Andy Bruce</p> <p><a href="http://www.globalpost.com/dispatch/news/thomson-reuters/130104/global-economy-us-activity-picks-hopes-euro-zone-rise" target="_blank">read more</a></p> Business Business cycle Economic history Economics Economist Economy of the European Union Economy of the People's Republic of China Economy of the United States Entertainment Euro Health Labor Law Macroeconomics Person Career Quotation Recessions Social Issues Unemployment United States housing bubble Thomson Reuters Fri, 04 Jan 2013 17:18:00 +0000 Thomson Reuters 5731144 at http://www.globalpost.com Budget battles threaten to limit Obama's second-term agenda http://www.globalpost.com/dispatch/news/thomson-reuters/130104/budget-battles-threaten-limit-obamas-second-term-agenda <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Thomson Reuters </div> </div> </div> <p>* Fiscal fights may consume Washington, elbow out all else</p> <p>* Obama vows to push ahead with broader agenda</p> <p>* 'A high level of dysfunction' makes legislative wins hard</p> <p>By John Whitesides</p> <p>WASHINGTON, Jan 4 (Reuters) - After a brutal "fiscal cliff" battle, President Barack Obama's looming budget confrontation with Congress threatens to sharply curtail his second-term agenda and limit his ambitions on priorities such as immigration reform and gun control.</p> <p><a href="http://www.globalpost.com/dispatch/news/thomson-reuters/130104/budget-battles-threaten-limit-obamas-second-term-agenda" target="_blank">read more</a></p> Barack Obama Barack Obama Barack Obama foreign policy Business Candidate Position Democratic Party Economic policy of Barack Obama Economy of the United States Entertainment Environment Government Health Joe Biden Labor Person Career Politics Presidency of Barack Obama Quotation Social Issues United States United States public debt Thomson Reuters Fri, 04 Jan 2013 19:31:20 +0000 Thomson Reuters 5731175 at http://www.globalpost.com REFILE-US STOCKS-Wall St falls after 5-yr high, earnings in focus http://www.globalpost.com/dispatch/news/thomson-reuters/130107/refile-us-stocks-wall-st-falls-after-5-yr-high-earnings-focus <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Thomson Reuters </div> </div> </div> <!--paging_filter--><p><body></body></p> <p/> <p>* Bank of America shares up on $11 billion Fannie Mae<br /> settlement</p> <p>* Amazon stock hits all-time high on Morgan Stanley view</p> <p>* Indexes off: Dow 0.47 pct, S&amp;P 0.45 pct, Nasdaq 0.41 pct</p> <p>By Rodrigo Campos</p> <p>NEW YORK, Jan 7 (Reuters) - U.S. stocks fell on Monday as<br /> traders cashed in recent gains that lifted the S&amp;P 500 to a<br /> five-year high on Friday and awaited Tuesday's start of the<br /> fourth-quarter earnings season.</p> </p/><p><a href="http://www.globalpost.com/dispatch/news/thomson-reuters/130107/refile-us-stocks-wall-st-falls-after-5-yr-high-earnings-focus" target="_blank">read more</a></p> Bank of America Business Relation Buybacks Company Location Economic history Economics Economy of the United States Fannie Mae Investment Late-2000s financial crisis Morgan Stanley Mortgage industry of the United States Person Career Primary dealers Quotation Stock market crashes Technology USD Thomson Reuters Mon, 07 Jan 2013 17:21:36 +0000 Thomson Reuters 5731373 at http://www.globalpost.com UPDATE 1-Ten US banks to pay $8.5 bln to end foreclosure reviews http://www.globalpost.com/dispatch/news/thomson-reuters/130107/update-1-ten-us-banks-pay-85-bln-end-foreclosure-reviews <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Thomson Reuters </div> </div> </div> <!--paging_filter--><p><body></body></p> <p/> <p>By Aruna Viswanatha</p> <p>WASHINGTON, Jan 7 (Reuters) - A group of 10 mortgage<br /> servicers agreed on Monday to pay a total of $8.5 billion to end<br /> a government-mandated case-by-case review of foreclosures in an<br /> acknowledgement the reviews had proven too cumbersome and<br /> expensive.</p> <p>Bank of America Corp, Citigroup Inc, JPMorgan<br /> Case &amp; Co, Wells Fargo &amp; Co and six others will<br /> pay $3.3 billion directly to eligible borrowers, and will pay<br /> $5.2 billion in loan modifications and forgiveness, regulators<br /> said.</p> </p/><p><a href="http://www.globalpost.com/dispatch/news/thomson-reuters/130107/update-1-ten-us-banks-pay-85-bln-end-foreclosure-reviews" target="_blank">read more</a></p> Bank of America CDATA Economy of the United States Finance Financial services Foreclosure MERS Mortgage Mortgage modification Mortgage servicer Personal finance Quotation United States housing bubble USD Thomson Reuters Tue, 08 Jan 2013 01:47:17 +0000 Thomson Reuters 5731427 at http://www.globalpost.com Vodafone helps drive Britain's FTSE higher http://www.globalpost.com/dispatch/news/thomson-reuters/130108/vodafone-helps-drive-britains-ftse-higher <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Thomson Reuters </div> </div> </div> <!--paging_filter--><p><body></body></p> <p>* FTSE 100 up 0.3 percent</p> <p>* Vodafone rises on Verizon sale talk</p> <p>* Miners weaken, caution ahead of China data</p> <p>By Tricia Wright</p> <p>Jan 8 (Reuters) - Britain's top share index moved back up on<br /> Tuesday towards recent two-year highs, helped by gains from UK<br /> market heavyweight Vodafone.</p> <p><a href="http://www.globalpost.com/dispatch/news/thomson-reuters/130108/vodafone-helps-drive-britains-ftse-higher" target="_blank">read more</a></p> Bell System Broadband Economy of the United Kingdom Economy of the United States Electronic engineering Person Career Quotation Racal Verizon Communications Vodafone Thomson Reuters Tue, 08 Jan 2013 13:52:09 +0000 Thomson Reuters 5731481 at http://www.globalpost.com US STOCKS-Wall St set to dip as earnings season begins http://www.globalpost.com/dispatch/news/thomson-reuters/130108/us-stocks-wall-st-set-dip-earnings-season-begins <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Thomson Reuters </div> </div> </div> <!--paging_filter--><p><body></body></p> <p>* Yum shares fall on shrinkage of sales in China</p> <p>* Monsanto stock jumps after strong earnings, raised outlook</p> <p>* Sears says CEO to step down, shares rise</p> <p>* Futures off: Dow 20 pts, S&amp;P 2.5 pts, Nasdaq 1 pt</p> <p>By Rodrigo Campos</p> <p>NEW YORK, Jan 8 (Reuters) - U.S. stocks were set to tick<br /> lower at the open on Tuesday as an earnings season expected to<br /> show sluggish corporate growth gets under way.</p> <p><a href="http://www.globalpost.com/dispatch/news/thomson-reuters/130108/us-stocks-wall-st-set-dip-earnings-season-begins" target="_blank">read more</a></p> Company Location Dow Jones Industrial Average Economy of the United States Equity Financing Financial economics Futures contract Investment NASDAQ NASDAQ-100 Person Career Quotation Sears Holdings Corporation Thomson Reuters Tue, 08 Jan 2013 14:45:32 +0000 Thomson Reuters 5731609 at http://www.globalpost.com BUSINESS-NEWS-SCHEDULE AT 1930 GMT / 2:30 PM ET http://www.globalpost.com/dispatch/news/thomson-reuters/130108/business-news-schedule-at-1930-gmt-230-pm-et <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Thomson Reuters </div> </div> </div> <!--paging_filter--><p>Editor: Maureen Bavdek + 1 646 223 6200</p> <p>Global Picture Desk: + 65 6870 3775</p> <p>Global Graphics Desk: + 65 6870 3595</p> <p>(All times GMT / ET)</p> <p>Receive this schedule by email:</p> <p><a href="http://mediaexpress.reuters.com" title="http://mediaexpress.reuters.com">http://mediaexpress.reuters.com</a></p> <p>TOP STORIES</p> <p>AIG may join bailout lawsuit against U.S. government</p> <p><a href="http://www.globalpost.com/dispatch/news/thomson-reuters/130108/business-news-schedule-at-1930-gmt-230-pm-et" target="_blank">read more</a></p> Business Dow Jones Industrial Average Economy of the United States Hoffman Estates, Illinois Human Interest Labor Law Politics Technology Thomson Reuters Tue, 08 Jan 2013 20:00:16 +0000 Thomson Reuters 5731797 at http://www.globalpost.com GLOBAL MARKETS-Alcoa results lift shares, dollar gains on yen http://www.globalpost.com/dispatch/news/thomson-reuters/130109/global-markets-alcoa-results-lift-shares-dollar-gains-yen <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Thomson Reuters </div> </div> </div> <!--paging_filter--><p>* World shares rise as Alcoa points to rising global demand</p> <p>* Dollar gains versus yen on expectations of BOJ easing</p> <p>* Brent crude stays below $112 per barrel</p> <p>By Luciana Lopez and Richard Hubbard</p> <p>NEW YORK/LONDON Jan 9 (Reuters) - Global equities recovered modestly from a two-day slip on Wednesday after aluminum maker Alcoa opened the U.S. earnings season with a brighter outlook for global demand.</p> <p><a href="http://www.globalpost.com/dispatch/news/thomson-reuters/130109/global-markets-alcoa-results-lift-shares-dollar-gains-yen" target="_blank">read more</a></p> Business Economic policy Economics Economy of the United States Entertainment Environment Health Politics Thomson Reuters Wed, 09 Jan 2013 15:30:27 +0000 Thomson Reuters 5732158 at http://www.globalpost.com GLOBAL MARKETS-Shares up on Alcoa; dollar up vs yen on BOJ outlook http://www.globalpost.com/dispatch/news/thomson-reuters/130109/global-markets-shares-alcoa-dollar-vs-yen-boj-outlook <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Thomson Reuters </div> </div> </div> <!--paging_filter--><p>* World shares rise as Alcoa points to rising global demand</p> <p>* Dollar gains versus yen on expectations of BOJ easing</p> <p>* Brent crude stays below $112 per barrel</p> <p>By Luciana Lopez</p> <p>NEW YORK Jan 9 (Reuters) - Global equities climbed on Wednesday after aluminum maker Alcoa opened the U.S. earnings season with a brighter outlook for global demand, while the dollar rose against the yen on expectations of more easing from the Bank of Japan this month.</p> <p><a href="http://www.globalpost.com/dispatch/news/thomson-reuters/130109/global-markets-shares-alcoa-dollar-vs-yen-boj-outlook" target="_blank">read more</a></p> Alcoa Dow Jones Industrial Average Economy of the United States Politics Thomson Reuters Wed, 09 Jan 2013 16:15:28 +0000 Thomson Reuters 5732191 at http://www.globalpost.com