Geely taps China banks to back $1.8 billion Volvo deal
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Reuters
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19 minutes ago Geely, the Chinese carmaker picked as the preferred bidder for Ford Motor's Volvo unit, is seeking at least $1 billion in loans from Chinese banks to finance its $1.8 billion bid, sources said on Tuesday.
Dubai ruler plays up strength as Gulf markets fall
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Reuters
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28 minutes ago Gulf markets dropped again on Tuesday, taking little comfort from Dubai World's plan to restructure about $26 billion of debt and despite reassurances on economic resilience from the rulers of Abu Dhabi and Dubai.
Manufacturing grows again, but recovery fragile
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Reuters
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44 minutes ago The U.S. manufacturing sector grew for the fourth straight month in November, though at a slower pace, and questions remain about the staying power of the incipient economic recovery.
Housing data and weaker dollar lift markets
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Reuters
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1 hour, 15 minutes ago Stocks gained on Tuesday as a weak dollar lifted commodity prices and home sales data reassured investors about the state of the housing market, considered one of the biggest drags on a recovery.
Fed's Plosser: Timely withdrawal of stimulus crucial
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Reuters
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1 hour, 20 minutes ago The Federal Reserve must be prepared to raise interest rates if necessary before the jobless rate has fallen to "acceptable levels", or risk losing its inflation-fighting credibility, a senior Fed official said on Tuesday.
Staples results beat estimates, sees sales rising
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Reuters
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1 hour, 51 minutes ago Staples Inc reported third-quarter results that topped analyst estimates and forecast higher sales in the current quarter as trends improve at its North American retail business.
November sales to shed light on holiday start
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Reuters
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Tue 10:41 am ET When retail chains report November sales this week, investors will learn whether they have gone far enough to protect profits against a weak start to the holiday shopping season.
Significant risks to U.S. bank stocks exist: Citigroup
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Reuters
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Tue 9:32 am ET Citigroup said there are substantial risks facing U.S. bank stocks now, but in the near term these stocks can grind higher given a combination of the Federal Reserve's accommodative stance plus a modest recovery.
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