Reuters reports, Brent crude fell towards $124 a barrel on Tuesday as signs of increased supply from Saudi Arabia and a return to pre-war exports from Libya eased pressure on the market, while a slowdown in Chinese demand and a stronger dollar also weighed.
The Wall Street Journal also reports, U.S. home building fell in February, but permits for new construction reached their highest levels since 2008, showing the uneven nature of the years-long recovery in the sector. The housing sector has been gradually healing after a collapse in prices that started more than five years ago.
The Wall Street Journal reports, Investment bank Jefferies reported a profit of $77.1 million, or 33 cents a share,while revenue increased 2.2% to $758.1 million. Analysts expected a per-share profit of 29 cents on $699 million in revenue. The firm came under intense scrutiny late last year after rival brokerage MF Global Holdings Ltd. collapsed under an outsized bet on Europe’s sovereign debt crisis. Jefferies responded aggressively to investor fears, taking the unusual step of slashing its gross exposure to Europe by roughly 75% and disclosing the details.
Bloomberg reports, Microsoft will finish work on Windows 8 this summer, setting the stage for personal computers and tablets, with the operating system to go on sale around October. The timing would let Microsoft target Christmas shoppers with the new software, which works with touch-screen devices as well as laptops and desktop PCs. Microsoft aims to take back sales, lost to the iPad, and reinvigorate the sluggish PC market.
Reuters reports, Brent crude fell towards $124 a barrel on Tuesday as signs of increased supply from Saudi Arabia and a return to pre-war exports from Libya eased pressure on the market, while a slowdown in Chinese demand and a stronger dollar also weighed.
The Wall Street Journal also reports, U.S. home building fell in February, but permits for new construction reached their highest levels since 2008, showing the uneven nature of the years-long recovery in the sector. The housing sector has been gradually healing after a collapse in prices that started more than five years ago.
The Wall Street Journal reports, Investment bank Jefferies reported a profit of $77.1 million, or 33 cents a share,while revenue increased 2.2% to $758.1 million. Analysts expected a per-share profit of 29 cents on $699 million in revenue. The firm came under intense scrutiny late last year after rival brokerage MF Global Holdings Ltd. collapsed under an outsized bet on Europe’s sovereign debt crisis. Jefferies responded aggressively to investor fears, taking the unusual step of slashing its gross exposure to Europe by roughly 75% and disclosing the details.
Bloomberg reports, Microsoft will finish work on Windows 8 this summer, setting the stage for personal computers and tablets, with the operating system to go on sale around October. The timing would let Microsoft target Christmas shoppers with the new software, which works with touch-screen devices as well as laptops and desktop PCs. Microsoft aims to take back sales, lost to the iPad, and reinvigorate the sluggish PC market.