Posts under ‘Reuters Biz’

NEW YORK (Reuters) – Stock index futures were little changed on Wednesday as caution prevailed ahead of key inflation data for May and quarterly results from package delivery company FedEx Corp that may shed light on the strength of the economic recovery.

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WASHINGTON (Reuters) – President Barack Obama will unveil on Wednesday his plans for reshaping U.S. financial regulation, with proposals to close one bank regulator and create new overseers for big-picture economic risk and consumer financial product safety.

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NEW YORK (Reuters) – FedEx Corp shares fell 2.3 percent to $50.25 in premarket trade after the package delivery company reported fourth-quarter earnings and issued guidance for its first-quarter.

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VANERSBORG, Sweden (Reuters) – Swedish carmaker Saab secured a key court ruling on Wednesday to cut billions of crowns in debt, paving the way for its proposed takeover by local sportscar maker Koenigsegg.

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NEW YORK (Reuters) – U.S. mortgage applications fell for a fourth consecutive week, with overall demand plunging to its lowest level in nearly seven months, data from an industry group showed on Wednesday.

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