WASHINGTON New U.S. single-family home sales surged to a more than eight-year high in April and prices hit a record high, offering further evidence of a pick-up in economic growth that could allow the Federal Reserve to raises interest rates soon.
Monsanto Co (MON.N), the world's largest seed company, turned down Bayer AG's (BAYGn.DE) $62 billion acquisition bid as "incomplete and financially inadequate" on Tuesday, but said it was open to engage further in negotiations.
That's the message from Citigroup, which on Tuesday became the latest oil bear to defect to the bullish camp. Edward Morse, Citi's commodities guru, believes oil prices could rise to $61 a barrel by next year because the epic supply glut may soon be over.
Good news for all you Tony Hawk wannabees with a camera strapped to your head and an energy drink in one hand while you skateboard down the half pipe.
The tech giant, like several other multinational companies across Europe, has exploited tax loopholes that could eventually trip them up.