GE CFO says no plans for an equity raise; “not discussed”
NEW YORK (Reuters) – General Electric Co Chief Financial Officer Jamie Miller said on Wednesday that the industrial conglomerate has no plans to raise equity to strengthen its balance sheet, dismissing speculation about such a move.
British bank RBS hires “digital human” Cora on probation
LONDON (Reuters) – A life-like avatar called Cora is being put through her paces by Royal Bank of Scotland, helping customers with basic queries and giving its digital banking drive a more human face.
Nestle says negotiating with retailers to end pricing row
ZURICH (Reuters) – Food group Nestle said on Wednesday it was negotiating with customers to end a boycott of its products by several European retailers in a row over pricing.
Tight supply, rising prices weigh on U.S. home sales
WASHINGTON (Reuters) – U.S. home sales unexpectedly fell in January, leading to the biggest year-on-year decline in more than three years, as a persistent shortage of houses pushed up prices and kept first-time buyers out of the market.
Wall St. climbs as tech stocks, Amazon gain
(Reuters) – U.S. stocks were higher on Wednesday, with technology shares and Amazon driving gains ahead of minutes of the Federal Reserve’s most recent policy meeting.
Wall St. opens higher as tech stocks rise
(Reuters) – Wall Street’s main indexes opened higher on Wednesday, led by gains in technology and consumer discretionary stocks and ahead of the release of minutes of the Federal Reserve’s recent policy meeting.
U.S. Treasury recommends preserving Dodd-Frank bank resolution regime
WASHINGTON (Reuters) – The U.S. Treasury Department has recommended preserving powers created after the 2007-2009 financial crisis that allow regulators to step in and wind down a failing bank.
U.S. Intel plans $5 billion investment in Israeli plant: minister
JERUSALEM (Reuters) – Intel Corp plans to invest $5 billion to expand production at its Kiryat Gat plant in southern Israel, Israeli Economy Minister Eli Cohen said on Wednesday after talks with the U.S. chipmaker.
Broadcom cuts Qualcomm bid to $117 billion
(Reuters) – Broadcom Corp on Wednesday fired its latest salvo against Qualcomm Inc by lowering its takeover offer to $117 billion from $121 billion, a day after the U.S. chipmaker increased its own offer for NXP Semiconductors NV .
SAP hikes dividend payout to at least 40 percent of profit
FRANKFURT (Reuters) – German business software maker SAP said on Wednesday it had hiked its dividend payout ratio and proposed a 12 percent hike in its annual payout for 2017.
