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US new-home sales fell 6.8 pct. in June; possible sign of hot real estate market cooling off

2015-07-24 17:05:04| Real Estate - Topix.net

Fewer Americans bought new homes in June, a possible sign that the real estate market might not be as hot as it appeared at the start of summer. The Commerce Department said Friday that new-home sales slumped 6.8 per cent last month to a seasonally adjusted annual rate of 482,000.

Tags: sign real off june

 

US Economy Shrank .2 Pct in 1st Quarter, Rebound Expected

2015-06-24 20:01:05| Auto Dealers - Topix.net

The U.S. economy contracted in the first three months of the year, just not as much as previously estimated. More recent data show that the weakness was largely temporary, with a rebound in the works for the April-June quarter.

Tags: expected 1st economy quarter

 
 

Corning's stock could jump 40 pct over next 18 months - Barron's

2015-06-08 04:40:10| Electronics - Topix.net

Shares of glassmaker Corning Inc could jump 40 percent in the next 18 months as demand for 4K ultra high-definition televisions climb, according to a report by Barron's on Sunday. The company that invented Pyrex is carving out a niche making products linked to the digital age, including glass for smartphones, optical fiber for networks and ultra thin glass to facilitate Internet video streaming, Barron's said.

Tags: months jump stock pct

 

Ryanair beats forecasts again as annual profits rise 66 pct

2015-05-26 11:03:39| Airlines - Topix.net

" Europe's leading budget airline Ryanair has beaten forecasts again, reporting full-year net profits of 867 million euros , 66 percent higher than the year before. The Dublin-based airline said Tuesday it filled 88 percent of its seats, up 5 points, in the fiscal year ending in March.

Tags: annual rise profits beats

 

Brazil's Cosan 2014/15 sugar output down 9 pct

2015-05-26 08:45:51| Sugar Industry News

SAO PAULO, May 7 (Reuters) - The sugar and ethanol division of Brazilian conglomerate Cosan SA said late Wednesday its sugar output in the 2014/15 season fell more than 9 percent from the previous season after drought crimped cane development.

Tags: output sugar pct brazils

 

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