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Friday, June 28, 2013

Business Today: Consumer sentiment ends June to near six-year high

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06/28/2013
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Consumer sentiment ends June to near six-year high
NEW YORK (Reuters) - Consumer sentiment improved in late June, ending the month close to a near six-year high set in May, as optimism among higher-income families rose to its strongest level in six years, a survey released on Friday showed.
Fed's Stein puts focus on September as time to assess QE3
NEW YORK/WHITE SULPHUR SPRINGS, West Virginia (Reuters) - September could be an opportune time for the Federal Reserve to consider scaling back its assets purchase, an influential official of the U.S. central bank said on Friday, as he stressed that the Fed must take a long view of economic progress and not be blinded by the most recent data.
How Gazprom's $1 trillion dream has fallen apart
MOSCOW (Reuters) - Zoya Danilina, who owns some 700 shares in Gazprom , says investors don't have to look far to understand that Russia's most powerful company has lost its way.
S&P 500 ends strongest first half since 1998
NEW YORK (Reuters) - The S&P 500 on Friday closed its strongest first half of the year since 1998 after reaching record highs in May on a rally underpinned by the Federal Reserve's massive monetary stimulus.
BlackBerry hits bump in turnaround road, shares plunge
TORONTO (Reuters) - BlackBerry's total market value plunged by more than one-fourth on Friday after the smartphone maker reported dismal quarterly results, prompting ever-deeper skepticism about a long-promised turnaround.
Starbucks reports UK loss, pays no tax for 2012
LONDON (Reuters) - Starbucks, whose thin tax payments in Britain provoked a backlash against corporate tax avoidance when revealed by Reuters, paid no tax for the year to September 30, 2012.
UBS commits to home market with Zurich HQ revamp
ZURICH (Reuters) - UBS will spend more than 100 million Swiss francs ($105.42 million) on a facelift of its Zurich headquarters, hoping to turn the building into a buzzing retail area on one of Europe's most exclusive shopping streets.
Intel's new CEO focused on mobile chips, cautious on TV
SAN FRANCISCO (Reuters) - Intel Corp's new CEO said on Friday he would speed up the rollout of chips for smartphones, tablets and wearable devices as consumers move away from personal computers.
Exclusive: GE looking to sell healthcare financing unit - sources
NEW YORK (Reuters) - General Electric Co is looking to sell its CareCredit healthcare financing business - a unit within its massive GE Capital financial arm - in a deal that may be valued at about $2 billion, people familiar with the situation told Reuters on Friday.
Ex-Tesco boss says fixing Leahy legacy to take three years
LONDON (Reuters) - Tesco's former chairman , Ian MacLaurin, attacked the legacy of the retailer's previous chief executive Terry Leahy and told shareholders it could take three years for the world's No. 3 retailer to recover.
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Consumer sentiment ends June to near six-year high
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