Industrials

Geithner: mortgage costs to rise with reform

WASHINGTON (Reuters) - Treasury Secretary Timothy Geithner said on Tuesday that future mortgage costs likely will be "modestly higher" after reforms are completed to the national housing finance system.

Skechers sues Sears over Shape-ups

(Reuters) - Skechers USA Inc sued Sears Holdings Corp , alleging that the housewares and apparel giant was selling footwear that infringed on some of its brands, including Shape-ups.

Berkshire Hathaway says Sokol misled company

NEW YORK (Reuters) - Berkshire Hathaway on Wednesday said David Sokol misled the company in the way he disclosed his financial interest in Lubrizol Corp before pushing Berkshire CEO Warren Buffett to buy it.

Pending home sales dive 11.6 percent in April

WASHINGTON (Reuters) - Pending sales of existing homes dropped far more than expected in April to touch a seven-month low, a trade group said on Friday, dealing a blow to hopes of a recovery in the housing market.

Pending home sales rebound 8.2 percent in May

WASHINGTON (Reuters) - Pending sales of previously owned U.S. homes rose more than expected in May, a trade group said on Wednesday, but a glut of unsold properties remains a drag on the housing market.

Existing home sales fall to 6-month low in May

WASHINGTON (Reuters) - Sales of previously owned U.S. homes fell less than expected in May and prices dropped 4.6 percent from a year ago, a trade group said on Tuesday.

Service sector growth picks up in May: ISM

NEW YORK (Reuters) - The pace of growth in the services sector picked up modestly in May while gauges of new orders and employment climbed, according to an industry report released on Friday.

Exclusive: China considers new regulator for financial sector

By creating an overseer for banks, Beijing could distribute the burden of managing its numerous and sometimes unruly state-owned businesses. The focus on banks may also tighten China's hold on its fast-growing financial sector.