U.S. existing home sales pace highest in 2-1/2 yrs
Sales of previously owned U.S. homes rose in October at a faster-than-expected pace to the highest in more than 2-1/2 years as buyers rushed to take advantage of a popular tax credit, a survey showed on Monday. Read Full Article here.
Gold hits record above $1,170/oz as dollar slides
Gold hit a record high at $1,170.55 an ounce on Monday as dollar weakness pushed the metal through key technical resistance levels, fuelling momentum buying after the metal's sharp run higher earlier this month. Read Full Article here.
Campbell Soup Co profit beats Street, shares jump
Campbell Soup Co reported a higher-than-expected quarterly profit on Monday, helped by prices increases, easing costs for ingredients like grains and tomatoes and efforts to cut overhead costs. Read Full Article here.
Tyson profit better than expected; outlook strong
Tyson Foods Inc posted higher-than-expected quarterly results on Monday on strength in its beef, pork and prepared foods businesses, which it expects to continue in its new fiscal year. Read Full Article here.
U.S. business economists raise 2010 growth outlook
A group of U.S. business economists boosted their forecast for economic growth over the next year, but said the jobless rate will remain stubbornly high, a survey released on Monday showed. Read Full Article here.
Nokia phone margin, smartphone outlook eyed
Nokia Oyj's battered shares could get a boost when the firm looks ahead at next week's investor day to an expected upturn in handset margins and a more competitive smartphone offering in 2010. Read Full Article here.
Dimon seen as successor to Geithner: report
Several U.S. policy makers consider JPMorgan Chase & Co Chief Executive Jamie Dimon as a potential successor to U.S. Treasury Secretary Timothy Geithner, the New York Post said, citing sources. Read Full Article here.