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Wednesday, February 26, 2014

Business Today: New home sales hit five-and-a-half year high in January

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02/26/2014
Reuters Election 2012 Daily round-up of the day's top news from the campaign trail, the White House and all the politics in between
New home sales hit five-and-a-half year high in January
WASHINGTON (Reuters) - Sales of new U.S. single-family homes surged to a 5-1/2-year high in January, possibly easing concerns of a sharp slowdown in the housing market.
Wall Street flat; retailers gain for a second day
NEW YORK (Reuters) - Stocks were nearly flat on Wednesday, with the S&P 500 holding below resistance levels even as retailers gained for a second day.
Senators scold prosecutors, Swiss bank in tax spat
WASHINGTON (Reuters) - Senators lashed out at federal prosecutors on Wednesday for a lack of zeal in going after Swiss banks that helped Americans dodge taxes, blaming them for billions of dollars in missed revenues.
J.C. Penney expects sales, gross profit to improve this year
(Reuters) - J.C. Penney Co Inc on Wednesday forecast more improvement in its comparable sales and gross profit margin this fiscal year as the department store chain continued to turn itself around.
Exclusive: Biomet picks BAML, Goldman, JPMorgan to lead IPO - sources
NEW YORK (Reuters) - Biomet Inc, the U.S. medical device maker that was taken private by a private equity consortium for $11.4 billion in 2007, has hired underwriters for an initial public offering later this year, people familiar with the matter said on Wednesday.
Target shares recover after reassurance on data breach impact
NEW YORK/BOSTON (Reuters) - Target Corp shares made strong gains after it reassured investors that customers were beginning to return to its U.S. stores, suggesting that the impact of a massive data breach may not be as severe as some had feared.
U.S. attorney subpoenaed Mt Gox, other bitcoin businesses: source
NEW YORK (Reuters) - Manhattan Attorney Preet Bharara has sent subpoenas to Mt. Gox, other bitcoin exchanges, and businesses that deal in bitcoin to seek information on how they handled recent cyber attacks, a source familiar with the probe said on Wednesday.
Argentina hopes Repsol deal will dispel investor doubts
BUENOS AIRES (Reuters) - Two years after seizing the country's biggest energy company from Spain's Repsol, Argentina hopes a new compensation deal will lure more foreign investment to what many believe to be some of the world's most promising shale oil and gas prospects.
Facebook says makes progress targeting users
(Reuters) - Facebook highlighted on Wednesday two ad campaigns in an attempt to persuade advertisers that its massive membership base and ability to home in on specific audiences makes it a more effective advertising platform than broadcast TV.
Rolls-Royce seeks long-term uplift with new aero engines
DERBY, England (Reuters) - British engineering company Rolls-Royce has outlined plans designed to maintain long-term dominance in large aircraft engines, showcasing two new models that could improve efficiency by up to 10 percent.
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