Industrials

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.

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.

Deere probed for possible violations of anti-bribery law: report

(Reuters) - The U.S. securities regulator is probing farm machine maker Deere & Co for possible violations of a law that bars American companies from bribing foreign officials, the Wall Street Journal said citing two people familiar with the matter.

Liz Claiborne wins dismissal of investor lawsuit

NEW YORK (Reuters) - Liz Claiborne Inc on Thursday won the dismissal of a shareholder lawsuit accusing the clothing designer of fraudulently misrepresenting its relationships with department store chains Macy's Inc and J.C. Penney Co , causing its stock to fall.

Reebok to pay $25 million for toning shoe claims

(Reuters) - Reebok International Ltd has agreed to pay $25 million to settle charges that it made unsupported claims that its "toning shoes" provide extra muscle strength, the U.S. Federal Trade Commission said on Wednesday.