10:05AM
Rise in leading index in December points to 'brighter' outlook by Jeffry Bartash
WASHINGTON (MarketWatch) - The leading economic index rose 0.5% in December, pointing to steady growth in early 2015. The increase last month suggests "the short-term outlook is getting brighter and the economy continues to build momentum," said Ataman Ozyildirim, an economist at the Conference Board, producer of the report. The coincident index, which measures current conditions, edged up 0.2% in December. The lagging index increased 0.3%. The LEI is a weighted gauge of 10 indicators designed to signal business-cycle peaks and valleys
09:50AM
Flash U.S. manufacturing PMI falls to 12-month low by Steve Goldstein
WASHINGTON (MarketWatch) -- The flash reading of the Markit manufacturing purchasing managers index edged lower in January to a 53.7 from 53.9 in December, to mark the lowest reading in 12 months. While the rate of output growth moved up slightly, new business growth fell to a one-year low, Markit said. The flash estimate is typically based on approximately 85%-90% of total PMI survey responses each month, and any reading above 50 indicates improving conditions.
09:39AM
Sabre's stock ticks up after sale of Travelocity business to Expedia ( EXPE SABR ) by Tomi Kilgore
NEW YORK (MarketWatch) -- Shares of Sabre Corp. (sabr) edged up 0.2% in morning trade Friday, after the company agreed to sell its Travelocity business to fellow online travel services provider Expedia Inc. (expe) for $280 million in cash. Expedia and Travelocity have working together since announcing a marketing agreement in 2013, with Expedia helping provide the technology platforms for Travelocity's U.S. and Canadian websites. Expedia's stock tacked on 0.2%. Over the past three months, Expedia's stock has gained 7.6% and Sabre's has rallied 22%, compared with a 6.6% rise in the S&P 500.
08:48AM
Deere to layoff 910 employees in Iowa, Illinois ( DE ) by Tomi Kilgore
NEW YORK (MarketWatch) -- Deere & Co. ( de) said it will place 910 employees on "indefinite layoff," from facilities in Iowa and Illinois that make agricultural equipment. The number of layoffs include 565 employees from three locations in Waterloo, Iowa, 300 from Des Moines Works in Ankeny, Iowa and 45 from Harvester Works in East Moline, Illinois. The company also said about 500 employees at its seeding and cylinder facility in Moline will go on an "extended inventory adjustment shutdown." Separately, Deere said it has hired 220 new employees at construction and forestry factories in Iowa. The stock has gained 5.1% over the past three months, nearly matching the 5.8% rise in the S&P 500.
08:48AM
Deere to layoff 910 employees in Iowa, Illinois ( DE ) by Tomi Kilgore
NEW YORK (MarketWatch) -- Deere & Co. ( de) said it will place 910 employees on "indefinite layoff," from facilities in Iowa and Illinois that make agricultural equipment. The number of layoffs include 565 employees from three locations in Waterloo, Iowa, 300 from Des Moines Works in Ankeny, Iowa and 45 from Harvester Works in East Moline, Illinois. The company also said about 500 employees at its seeding and cylinder facility in Moline will go on an "extended inventory adjustment shutdown." Separately, Deere said it has hired 220 new employees at construction and forestry factories in Iowa. The stock has gained 5.1% over the past three months, nearly matching the 5.8% rise in the S&P 500.
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