IMF chief sees growth, overheating, debt risks from U.S. tax cuts
YOGYAKARTA, Indonesia (Reuters) – International Monetary Fund Managing Director Christine Lagarde said she saw positive and negative effects from a “complicated” U.S. tax overhaul, including a near-term growth bump that risks overheating the U.S. econo…
Best Buy posts higher comparable sales during key holiday quarter
NEW YORK (Reuters) – Best Buy Co Inc , the No. 1 U.S. consumer electronics retailer, reported a higher-than-expected rise in same-store sales in the fourth quarter, helped by strong customer demand, improving competitive environment and strong sales in…
Stock futures fall as Powell nerves weigh again
(Reuters) – U.S. stock index futures pointed to a third consecutive session of falls for Wall Street on Thursday, with sentiment weighed down by nerves ahead of Federal Reserve chair Jerome Powell’s second round of congressional testimony.
CSX to outline path forward after death of CEO
(Reuters) – CSX Corp’s management team will provide investors on Thursday with the railroad’s longer-term plan for boosting profitability and streamlining operations following the death of Chief Executive Officer Hunter Harrison.
Kohl’s same-store sales growth tops expectations
NEW YORK (Reuters) – Kohl’s Corp on Thursday reported fourth-quarter same-store sales growth of 6.3 percent, topping analyst expectations.
EU clears merger of Essilor, Luxottica without conditions
BRUSSELS (Reuters) – The European Commission on Thursday approved the 48-billion-euro ($58.49 billion) merger of eyewear groups Luxottica and Essilor without setting conditions, saying the merger would not harm competition.
Big pharma, big data: why drugmakers want your health records
LONDON (Reuters) – Drugmakers are racing to scoop up patient health records and strike deals with technology companies as big data analytics start to unlock a trove of information about how medicines perform in the real world.
Germany would not oppose suitable French candidate as Airbus CEO: minister
BERLIN (Reuters) – The German government would not oppose a suitable French candidate to replace Tom Enders as chief executive of European planemaker Airbus when his term expires in 2019, German Economics Minister Brigitte Zypries said on Thursday.
Nervous stock markets brace for Powell part II, dollar at six-week high
LONDON (Reuters) – World stock markets entered March on shaky ground on Thursday, falling for the third straight day before the second leg of Federal Reserve chief Jerome Powell’s testimony to lawmakers.
CSX to outline path forward after death of former CEO Harrison
(Reuters) – CSX Corp’s management team will provide investors on Thursday with the railroad’s longer-term plan for boosting profitability and streamlining operations following the death of Chief Executive Officer Hunter Harrison.
