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Industrial production in the U.S. climbed more than forecast in April, propelled by gains in auto manufacturing and utility use. Motor vehicles sales in the first quarter that were the strongest in four years have buoyed manufacturing, helping make up for a slowdown in corporate equipment purchases. While U.S. exports accelerated during the first three [...]

U.S. stocks were little changed, a day after the Standard & Poor’s 500 Index rallied to a seven- month high, as investors weighed an agreement by Greek political leaders on measures needed to secure rescue funds. Visa Inc. (V), the biggest payments network, climbed 5.4 percent as profit soared 16 percent. Akamai Technologies Inc. (AKAM), [...]

European (SXXP) stocks were little changed as Glencore International Plc’s talks to buy Xstrata Plc (XTA) boosted mining companies, offsetting declines at Royal Dutch Shell Plc (RDSA) and Unilever. U.S. index futures were little changed, while Asian shares rose. Xstrata jumped 10 percent after confirming that Glencore made an approach about an offer for the [...]

The biggest Wall Street firms posted their worst quarter in both trading and investment banking since the depths of the financial crisis as they face questions about the future of their business. JPMorgan Chase & Co. (JPM), Bank of America Corp. (BAC), Citigroup Inc. (C), Goldman Sachs Group Inc. (GS) and Morgan Stanley posted $13.5 [...]

Service industries in the U.S. probably expanded in September at a slower pace, showing the recovery is struggling to gain speed, economists said before a report today. The Institute for Supply Management’s non-manufacturing index fell to 52.8 from 53.3 in August, according to the median estimate of 75 economists surveyed by Bloomberg News. A reading [...]

The cost of living in the U.S. fell in June for the first time in a year as the biggest drop in energy costs since 2008 masked growing inflation in other goods and services like autos, clothing and hotel rates. The consumer-price index decreased 0.2 percent, compared with the 0.1 percent drop median forecast of [...]

FedEx reported a strong fourth-quarter profit Wednesday despite fuel and economic challenges and forecast robust 2012 earnings, sending its shares up 3 percent in premarket trading. “Our actions to improve yields continue to drive revenue and earnings growth across our transportation segments,” said Alan B. Graf, FedEX chief financial officer. “Even with higher planned capital [...]

Sales of existing U.S. homes decreased in May to the lowest level in six months, a sign that the housing market is lagging other parts of the economy. Purchases of existing homes fell 3.8 percent to a 4.81 million annual pace last month, in line with the 4.8 million median estimate in a Bloomberg News [...]

European stocks rose, giving the Stoxx Europe 600 Index its first back-to-back gains in three weeks, as China’s industrial production topped forecasts. U.S. index futures and Asian shares advanced. Nokia Oyj (NOK1V) climbed 3 percent after agreeing to settle all patent litigation with Apple Inc. in a deal that awards a one- off payment and [...]