Housing Market
U.S. cities seen ill-prepared for boom in elderly population
WASHINGTON (Thomson Reuters Foundation) - As the United States braces for a surge in the number of elderly people in the years ahead, most cities are ill-equipped to meet the needs of older residents, researchers said on Friday.
Japan's factory output rises for fourth month on jump in car, machinery production
TOKYO Japan's industrial output rose for the fourth straight month in September as the world's third-largest economy continued to shake off the drag from the COVID-19 crisis largely thanks to improving external demand.
Analysis: Creeping funding costs skew China Evergrande's deleverage drive
HONG KONG/BEIJING China Evergrande Group has taken to seeking loans at above-average interest rates in the shadow banking market, where caution even there over its cash flow hints at an increasingly fraught effort to reduce the property sector's biggest debt.
Devon cuts spending forecast again on improved well performance
Devon Energy Corp lowered its spending forecast slightly on Thursday, while raising production outlook for the year as it benefited from improved efficiency at oil and gas wells and a recovery in oil prices as coronavirus-related lockdowns eased.
Apollo third-quarter earnings drop as CEO faces heat from investors
NEW YORK Apollo Global Management Inc, the private equity firm under investor scrutiny over CEO Leon Black's ties with late financier and convicted sex offender Jeffrey Epstein, reported an 8% drop in third-quarter distributable earnings on Thursday.
U.S. raises $3 million in New Mexico oil auction days before pivotal election
The Trump administration on Thursday held an auction for oil and gas leases on more than 7,000 acres in New Mexico, its last before a U.S. election that is expected to determine the future of drilling on public lands.
Up to 23 million people in U.S. could move thanks to remote work, survey finds
OAKLAND, Calif. America’s biggest cities should brace for a chunk of families moving out because they prefer to work remotely from less crowded and less expensive areas, according to a survey by Upwork released Thursday.
Column: Coronavirus and the great workplace debate - John Kemp
LONDON Decisions on where and how to work are embodied in trillions of dollars of investment worldwide, including the siting of commercial and residential real estate as well as transportation systems and other infrastructure.
LVMH and Tiffany end luxury battle, cut price on $16 billion takeover
PARIS France's LVMH will pay slightly less to acquire U.S. jeweler Tiffany & Co after the two companies agreed to end a bitter dispute triggered by the COVID-19 pandemic and salvage the luxury sector's biggest-ever deal. | Video
Shopify earnings beat as more merchants use its platform for online reach
Canada's Shopify Inc beat Wall Street estimates for third-quarter earnings on Thursday as more brick-and-mortar retailers opted for its e-commerce platform to tap a surge in online shopping due to the coronavirus crisis.
Business News Headlines
- Tech earnings tsunami buoys Alphabet, sinks Apple
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- Apple's late iPhone launch temporarily wiped $100 billion off its stock value
- Alphabet sales growth revived as advertisers flock back to Google
- Coronavirus, consolidation taking toll on energy jobs
- Delta Air Lines, pilot union reach preliminary deal to avoid furloughs
- Shares falter again, but Asia poised to end October with near 4% gain
- Canada judge sides with Huawei CFO on some claims but does not dismiss U.S. extradition case
- Twitter warns U.S. election could affect ad sales, shares drop 16%
- Amazon sees pandemic boosting holiday sales and investment in delivery
- Facebook anticipates tougher 2021 even as pandemic boosts ad revenue