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Bank Of England Softens Policy Tightening; Signals Additional Hike Ahead

The Bank of England lifted its benchmark rate for the ninth straight session on Thursday, but moderated the pace of tightening from the previous session's 75 basis point hike, as widely anticipated, echoing the US Federal Reserve's move a day earlier. In a three-way split, the Monetary Policy Committee of the BoE raised the bank rate by 50 basis points to 3.50 percent.
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Philly Fed Index Remains Negative For Fourth Straight Month In December

Philly Fed Index Remains Negative For Fourth Straight Month In December

Philadelphia-area manufacturing activity contracted at a slower rate in the month of December, according to a report released by the Federal Reserve Bank of Philadelphia on Thursday. The Philly Fed said its diffusion index for current activity rose to a negative 13.8 in December from a negative 19.4 in November, although a negative reading still indicates a contraction.
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New York Manufacturing Index Indicates Downturn In December

New York Manufacturing Index Indicates Downturn In December

The Federal Reserve Bank of New York released a report on Thursday showing a downturn in regional manufacturing activity in the month of December. The New York Fed said its general business conditions index tumbled to a negative 11.2 in December from a positive 4.5 in November, with a negative reading indicating a contraction.
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Patterson Cos. Confirms Kevin Barry As CFO; Promotes Kevin Pohlman To COO

Patterson Cos. Confirms Kevin Barry As CFO; Promotes Kevin Pohlman To COO

Patterson Companies, Inc. (PDCO) announced Thursday enhancements to its executive leadership team to further support the execution of its strategy. Kevin Barry, most recently the Company's Interim Chief Financial Officer, has been named Chief Financial Officer, and Kevin Pohlman, most recently President of Patterson Animal Health, has been named Chief Operating Officer.
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U.S. Weekly Jobless Claims Unexpectedly Dip To 211,000

U.S. Weekly Jobless Claims Unexpectedly Dip To 211,000

A report released by the Labor Department on Thursday showed first-time claims for U.S. unemployment benefits unexpectedly edged lower in the week ended December 10th. The Labor Department said initial jobless claims slipped to 211,000, a decrease of 20,000 from the previous week's revised level of 231,000.
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McDonald's Inks Virtual Power Purchase Agreements For 189 MW From Enel's Blue Jay Solar

McDonald's Inks Virtual Power Purchase Agreements For 189 MW From Enel's Blue Jay Solar

McDonald's Corp. (MCD) and all five members of the restaurant chain's North American Logistics Council (NALC) - Armada, Earp Distribution, Martin Brower, Mile Hi Foods and The Anderson-DuBose Company - announced Thursday they have signed agreements with Enel North America to purchase renewable energy and the associated renewable energy certificates (RECs) from Enel Green Power's Blue Jay solar project in Grimes County, Texas.
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ECB Slows Rate Hikes, Signals More Tightening Amid Eurozone Recession

ECB Slows Rate Hikes, Signals More Tightening Amid Eurozone Recession

The European Central Bank slowed the pace of its interest rate hikes, as expected, but said there is a need for significant tightening in future as it markedly lifted the euro area inflation forecast and projected a recession for the single currency bloc during the first half of next year. The central bank also revealed its initial plans to trim its portfolio.
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European Stocks Drifting Lower As Central Banks Hike Interest Rates

European Stocks Drifting Lower As Central Banks Hike Interest Rates

European stocks are down firmly in negative territory in early afternoon trades on Thursday, reacting to the Federal Reserve's hawkish comments, and policy decisions from the European Central Bank (ECB), the Bank of England (BoE) and the Swiss National Bank.
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