Follow The Daily Ticker on Facebook! U.S. consumers pulled out their credit cards and shopped in July, reversing a three-month downward trend in retail sales, according to the Commerce Department
Although US authorities issued the bulk of the record fine received by Barclays for its role in manipulating Libor, the political outcry in the US has yet to reach the pitch being heard in the UK. Kara Scannell, US regulatory correspondent, reports on the US sentiment towards the case and how it's likely to develop. For more video content from the Financial Times visit: http://www.ft.com/video Related article: http://www.ft.com/intl/indepth/libor-scandal http://www.FT.com/
Futures on major US stock indices point to a lower opening Tuesday as growing concerns over political instability in Greece weighed on sentiment. Futures on the S&P 500 are down 0.61 percent, futures on the Dow Jones Industrial Average are down 0.54 percent and Nasdaq 100 futures are down 0.68 percent.
Makers of the infamously labeled "pink slime" product have reportedly decided to close three of its beef processing plants, following months of public backlash against the use of the meat filler in food products.
House prices in the UK fell in April after the end of a stamp duty holiday for first time buyers and with poor weather limiting viewings (Reuters) UK house prices dropped at their quickest rate for six months in April, according to the Royal Institute of Chartered Surveyors (RICS), in yet another set of worrying data for Britain's homeowners. Poor weather and the end of a stamp duty holiday for first time buyers in March dragged UK house prices down as viewings dwindled and demand slipped
A pedestrian walks past the window of an Adecco branch in Lausanne Adecco shares rose in Zurich Tuesday after the temporary staffing group posted a 12 percent rise in first quarter net income despite weakening economic conditions in its key European market. The world's biggest temporary staffing firm said first quarter net income hit €112m after sales grew 2 percent to just over €5bn. The Glattbrugg, Switzerland-based group said staffing needs in Germany and the United States offset a marked slowdown in core European markets such as France. "We anticipate a similarly diverging picture geographically for the second quarter with North America holding up, but Europe remaining challenging," said Chief Executive Officer Patrick De Maeseneire. Unemployment in the Eurozone hit a 15-year high in March and economic conditions around the region hand their sharpest deterioration in at least four years last month
Reuters blogger Felix Salmon reported that CNN was close to a purchase of tech site Mashable. The price, he reported, would be $200 million. That is a remarkably high figure for a property which has 9.5 million visitors, according to measurement service Quantcast