United States

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.

Oct 29 2020

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.

Oct 29 2020

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.

Oct 29 2020

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.

Oct 29 2020

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.

Oct 29 2020

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.

Oct 29 2020

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.

Oct 29 2020

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

Oct 29 2020

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.

Oct 29 2020