Cisco posts loss on $11.1 billion tax-related charge
(Reuters) – Network gear maker Cisco Systems Inc posted a net loss on Wednesday due to an $11.1 billion charge related to recent changes to the U.S. tax law.
Charlie Munger urges regulators to ease off Wells Fargo, blasts bitcoin
(Reuters) – Charlie Munger, the longtime business partner of fellow billionaire Warren Buffett, said on Wednesday it is time for regulators to “let up” on Wells Fargo & Co , which will end up “better off” as it corrects a series of mistakes in how it treated banking customers.
Berkshire’s Munger urges regulators to ease up on Wells Fargo
(Reuters) – Charlie Munger, the longtime business partner of fellow billionaire Warren Buffett, said on Wednesday it is time for regulators to “let up” on Wells Fargo & Co , which was barred this month from asset growth until it addresses a series of problems.
What inflation? Facebook and Amazon drive Wall St rally
(Reuters) – Wall Street surged on Wednesday as investors shrugged off stronger-than-expected inflation data and snapped up shares of Facebook, Amazon.com and Apple.
More banks joining $14 billion debt for Blackstone’s TR unit buy
LONDON (Reuters) – More banks are poised to join a $14 billion financing backing U.S. private equity firm Blackstone Group’s acquisition of a majority stake in the Financial and Risk business of Thomson Reuters Corp , banking sources said on Wednesday.
Rise in U.S. inflation puts spotlight on Fed’s Powell
WASHINGTON (Reuters) – U.S. consumer prices rose more than expected in January as Americans paid more for gasoline, rental accommodation and healthcare, raising pressure on new Federal Reserve chief Jerome Powell to prevent a possible overheating of th…
Wall St. climbs after inflation data; volatility eases
(Reuters) – U.S. stocks rose on Wednesday as investors digested a stronger-than-expected inflation data and a surprise drop in January retail sales, which shifted the focus from rising inflation to the prospect of stagflation.
Airbus names Safran executive as head of helicopter unit
BERLIN (Reuters) – Airbus Group said on Wednesday it has appointed Bruno Even as head of its helicopter division, effective from April 1.
Wall Street grinds out gains as investors digest mixed data
(Reuters) – U.S. stocks reversed course to trade marginally higher on Wednesday as investors digested stronger-than-expected inflation data and a surprise drop in January retail sales, which shifted the focus from rising inflation to the prospect of st…
U.S. inflation firms broadly in January, puts spotlight on Fed
WASHINGTON (Reuters) – U.S. consumer prices rose more than expected in January, with a measure of underlying inflation posting its biggest gain in a year, strengthening expectations the Federal Reserve will have to quicken the pace of interest rate inc…
