BRUSSELS Euro zone public finances improved in 2013 as the economy finally turned the corner on a record recession but total debt levels remained dangerously high, official data showed on Wednesday.
General Electric Co. (GE) can dip into the $57 billion of cash it has amassed overseas to buy France's Alstom SA (ALO) in its biggest acquisition ever, a person with knowledge of the matter said.
Stocks snapped their recent winning streak Wednesday, as weakness in technology shares weighed on equity indexes. The Dow Jones Industrial Average shed 12.72 points, or 0.1%, to 16501.65.
Demand from homebuyers continues to outpace supply, according to new housing numbers released yesterday, and experts said relief from rising prices and low inventory isn't in sight anytime soon.
SYDNEY (Reuters) - The New Zealand dollar rallied on Thursday after the country's central bank lifted interest rates and signaled more hikes ahead, while caution ahead of a speech by the European Central Bank kept the euro subdued.