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Tuesday, January 28, 2014

Business Today: Consumers, trade seen boosting fourth-quarter growth

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01/28/2014
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Consumers, trade seen boosting fourth-quarter growth
WASHINGTON (Reuters) - Rising household spending and exports likely pushed the U.S. economy ahead at a decent clip in the fourth quarter, building a foundation for stronger growth this year.
Yahoo fourth-quarter net revenue declines, shares slip
SAN FRANCISCO (Reuters) - Yahoo Inc's revenue during the last three months of 2013 declined for the fourth consecutive quarter as weak online display ad sales weighed on results.
Wall Street ends higher; S&P 500 snaps three-day drop
NEW YORK (Reuters) - U.S. stocks rose on Tuesday, rebounding after the S&P 500's three-day slide as investors turned their focus to the Federal Reserve's next move on stimulus.
AT&T subscriber growth misses estimates, shares fall
NEW YORK (Reuters) - AT&T Inc, the No. 2 U.S. mobile provider, had slower wireless subscriber growth in the latest quarter than Wall Street had estimated, sending its shares down 1.6 percent in late trade.
Vodafone, Verizon investors back $130 billion Verizon Wireless deal
LONDON/NEW YORK (Reuters) - Shareholders of both Vodafone and Verizon Communications Inc approved Verizon's $130 billion takeover of their Verizon Wireless venture on Tuesday, paving the way for the third biggest deal in corporate history.
Durable goods orders stumble, but consumers perk up
WASHINGTON (Reuters) - Orders for long-lasting U.S. manufactured goods unexpectedly fell in December as did a gauge of planned business spending, casting a shadow on an otherwise bright economic outlook.
Home prices rise more than forecast in November
(Reuters) - U.S. single-family home prices rose slightly more than expected in November, while their increase from a year ago was the biggest in almost eight years, a closely watched survey showed on Tuesday.
As Apple shares fall, Icahn buys another $500 million
(Reuters) - Hedge fund billionaire Carl Icahn said he bought another half a billion dollars' worth of Apple Inc stock on Tuesday, signaling confidence in the iPhone maker even after it gave a disappointing revenue forecast for the current quarter.
American Airlines profit beats estimates; shares rise
(Reuters) - American Airlines Group Inc , the world's biggest carrier following a merger with US Airways last year, reported better-than-expected adjusted profit and revenue as fares climbed and fuel costs fell, sending its shares up more than 4 percent.
Apple shares fall after muted iPhone sales
(Reuters) - Apple Inc needs a cheaper iPhone to keep pace with low-cost rivals, analysts said, after the company's smartphone sales fell short of lofty expectations in the holiday shopping season.
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