U.S. consumer prices accelerate in January; core CPI rises
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…
Delivery Hero sees Amazon, Uber squeezing online food market
BERLIN (Reuters) – The chief executive of online food ordering firm Delivery Hero expects competition from the likes of Amazon and Uber to make it harder to make money although the German company is still targeting breakeven this year.
Apple in talks for first order from Chinese chipmaker: Nikkei
(Reuters) – Apple Inc is in talks to buy storage chips from Yangtze Memory Technologies, a move that would mark the iPhone maker’s first buy from a Chinese memory chipmaker, the Nikkei reported on Wednesday.
Futures point way higher before inflation
(Reuters) – U.S. stock futures pointed to a positive start for Wall Street on Wednesday ahead of a hotly-awaited reading on inflation seen as crucial to the fate of a two-week old downturn.
Bristol-Myers to pay $1.85 billion in cancer deal with Nektar
(Reuters) – Bristol-Myers Squibb Co will pay Nektar Therapeutics $1.85 billion in cash and share purchase for a global development and commercialization deal on a promising Nektar cancer drug, the companies announced on Wednesday.
South Korea union says GM plant closure is ‘death sentence’, threatens strike
GUNSAN/SEOUL (Reuters) – General Motors’ workers at a South Korean plant staged a protest on Wednesday against its planned closure, calling the move by the U.S. automaker a “death sentence”, and threatening a strike.
U.S. inflation test looms large, dollar falls
LONDON (Reuters) – The dollar slid to a 15-month low against the yen on Wednesday, while world stock markets found firmer ground ahead of U.S. inflation numbers that could soothe, or inflame, fears of faster interest-rate hikes globally.
Toshiba names ex-banker as CEO, seen tackling opposition to chip unit sale
TOKYO (Reuters) – Toshiba Corp appointed a former banker experienced in dealing with distressed companies as CEO, and forecast its first annual profit in four years, helped by a buoyant chip business that it has agreed to sell.
U.S. regulators probe Credit Suisse hiring in Asia
FRANKFURT (Reuters) – U.S. authorities are investigating whether Credit Suisse hired referrals from government agencies and state entities in Asia in exchange for investment banking business and regulatory approvals, the Swiss bank said on Wednesday.
South Korea union says GM plant closure move is ‘death sentence’, threatens strike
GUNSAN/SEOUL (Reuters) – General Motors’ (GM) workers at a South Korean plant staged a protest on Wednesday against its planned closure, calling the move by the U.S. automaker a “death sentence”, and threatening a strike.
