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Jun 29, 2015

Wall St tumbles as investors flee equities on Greek debt crisis

June 29 (Reuters) – U.S. stocks fell sharply in heavy
trading on Monday and the S&P 500 and the Dow had their worst
day since October after a collapse in Greek bailout talks
intensified fears that the country could be the first to exit
the euro zone.

The European Central Bank froze funding to Greek banks,
forcing Athens to shut banks for a week to keep them from
collapsing.

Jun 29, 2015

Wall St. falls on Greek default fears, volatility spikes

By Sinead Carew

(Reuters) – U.S. stocks extended their losses in heavy trading on Monday after a collapse in Greek bailout talks intensified fears that the country could be the first to exit the euro zone.

Greece appeared to confirm it was heading for a default after a government official said the country would not pay a 1.6 billon euro loan installment due to the International Monetary Fund on Tuesday.

Jun 19, 2015

Investors eye improvements in data for housing stocks

By Caroline Valetkevitch and Sinead Carew

(Reuters) – Housing stocks rallied on Friday and the industry group should get more good news next week, though sustained and robust future gains may depend on wage growth and other signs of improving home affordability.

On Monday, the National Association of Realtors is expected to report strong growth in existing home sales for May. On Wednesday, Lennar (LEN.N: Quote, Profile, Research, Stock Buzz), the No. 2 U.S. homebuilder is expected to report that it had a strong second quarter.

Jun 19, 2015

Wall St Week Ahead-Investors eye improvements in data for housing stocks

June 19 (Reuters) – Housing stocks rallied on Friday and the
industry group should get more good news next week, though
sustained and robust future gains may depend on wage growth and
other signs of improving home affordability.

On Monday, the National Association of Realtors is expected
to report strong growth in existing home sales for May. On
Wednesday, Lennar, the No. 2 U.S. homebuilder is
expected to report that it had a strong second quarter.

Jun 15, 2015

Currency costs rise to $29 billion in first quarter for North American companies

By Sinead Carew

(Reuters) – The cost of currency fluctuations for North American companies rose to $28.94 billion in revenues in the first quarter as the U.S. dollar soared, according to a report from currency risk consulting firm FireApps.

Foreign exchange swings cost $31.7 billion for European and North American companies combined, as European companies were also hurt by volatility in other currencies.

Jun 15, 2015

Currency costs rise to $29 bln in Q1 for N.American companies

June 15 (Reuters) – The cost of currency fluctuations for
North American companies rose to $28.94 billion in revenues in
the first quarter as the U.S. dollar soared, according to a
report from currency risk consulting firm FireApps.

Foreign exchange swings cost $31.7 billion for European and
North American companies combined, as European companies were
also hurt by volatility in other currencies.

Jun 12, 2015

Shares drop on Greece uncertainty, rate hike anticipation

NEW YORK, June 12 (Reuters) – A setback in Greek debt talks
pushed U.S. and European shares lower on Friday, along with
investor views that positive U.S. data may accelerate the timing
for a hike in interest rates.

Oil prices fell on concerns production may rise further.

The International Monetary Fund delegation left Greek debt
negotiations on Friday because of “major differences” with
Athens on the same day that EU officials held their first formal
talks on the possibility of Greece defaulting.

Jun 12, 2015

Global shares fall on Greek woes, output worry hurts oil

NEW YORK (Reuters) – A setback in Greek debt talks weighed down U.S. and European shares Friday, with some investors also holding off bets ahead of a U.S. Federal Reserve policy meeting next week, while oil prices fell on concerns production may rise further.

The International Monetary Fund raised the stakes in Greece’s stalled debt talks Thursday, as its delegation left negotiations in Brussels because of “major differences” with Athens.

Jun 12, 2015

Shares fall on Greek woes, output worry hurts oil

NEW YORK, June 12 (Reuters) – A setback in Greek debt talks
weighed down U.S. and European shares Friday, with some
investors also holding off bets ahead of a U.S. Federal Reserve
policy meeting next week, while oil prices fell on concerns
production may rise further.

The International Monetary Fund raised the stakes in
Greece’s stalled debt talks Thursday, as its delegation left
negotiations in Brussels because of “major differences” with
Athens.

Jun 12, 2015

Healthcare investors see no threat from Supreme Court

NEW YORK (Reuters) – Investors are betting that the healthcare sector’s strong run will not be held back for long even if the U.S. Supreme Court rules against the Affordable Care Act.

The court will meet next on Monday, though may not issue a ruling on King v. Burwell, a challenge to President Barack Obama’s signature healthcare reform legislation, until later this month.

    • About Sinead

      "Sinead is a telecommunications industry correspondent. Her coverage area spans U.S. service providers, cellphone makers and chip makers. Before joining Reuters in 2002, she covered technology and telecoms for various trade publications."
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