U.S. consumer spending rises modestly; savings at two-year high

U.S. consumer spending barely rose in February as households boosted savings to their highest level in more than two years, the latest sign that economic growth slowed sharply in the first quarter.

Recent Business News

Reuters Poll: Oil prices to stabilize as demand rises

- Oil prices should stabilise in the second half of this year and rise in 2016 and 2017 as consumers respond to a period of much cheaper fuel, a Reuters poll of analysts showed on Monday.

7:01am EDT

Dufry details $4 billion fundraising plan for WDF buy

ZURICH - Dufry AG has fleshed out plans for its takeover of Italy's World Duty Free SpA (WDF) , as the Swiss company seeks to consolidate its position as the biggest player in the fast-growing airport retail sector.

Italy, Deals 5:39am EDT

Former JP Morgan banker to head Barclays' UK ECM team - source

LONDON - Barclays has hired Barry Meyers, a former executive director at JP Morgan , to head its UK equity capital markets (ECM) team, a source familiar with the matter said on Monday.

8:47am EDT

Soros says ready to invest $1 billion in Ukraine if West helps

VIENNA - Billionaire financier George Soros is ready to invest $1 billion in Ukraine, if Western countries help private investment there. He also put the odds of Greece leaving the euro at a third, in an interview with Austrian newspaper Der Standard.

George Soros, World 3:38am EDT

GM's Cadillac CT6 tests strategy for taking fat out of big cars

NEW YORK - When General Motors Co takes the wraps off its new Cadillac CT6 on Tuesday the most important thing about the vehicle could be what is under its skin.

1:17am EDT


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