CBS board meets, set to discuss Viacom merger: sources
(Reuters) – CBS Corp’s board is set to discuss a merger with Viacom Inc on Thursday, sources have told Reuters, possibly starting the process of reuniting the two media companies split by mogul Sumner Redstone more than a decade ago.
Trucks and SUVs shine in mixed U.S. January vehicle sales
DETROIT (Reuters) – Major automakers posted mixed U.S. new vehicle sales figures for January, as American consumers continued to abandon passenger cars in favor of larger, more comfortable pickup trucks, SUVs and crossover models.
Wall Street slips on hawkish Fed, tepid earnings
(Reuters) – U.S. stocks were lower in late morning trading on Thursday, following a string of lackluster earnings and after the Federal Reserve raised its inflation outlook for the year.
Exclusive: Etihad scrambles to shore up $1.2 billion bonds before coupon crunch – sources
DUBAI (Reuters) – Etihad Airways is urgently examining ways to avert a technical default of some $1.2 billion in bonds indirectly linked to the Gulf airline, sources close to the situation told Reuters.
U.S. factory activity slows; labor market tightening
WASHINGTON (Reuters) – U.S. factory activity slowed in January amid a fall in new orders, but an unexpected drop in the number of Americans filing for unemployment benefits last week pointed to sustained labor market strength that should underpin domes…
Wells Fargo loses big client after dialing up risk in retirement funds
BOSTON (Reuters) – After Wells Fargo & Co decided to ramp up risk in its flagship age-based retirement funds last year, one of its largest customers decided to call it quits, unhappy with the new investment strategy and how the bank handled the transition.
Wall Street opens lower on hawkish Fed, tepid earnings
(Reuters) – U.S. stocks opened lower on Thursday, following a string of lackluster earnings and after the Federal Reserve raised its inflation outlook and flagged “further gradual” interest rate hikes.
Holiday shipping snags curb UPS’s quarterly profit growth
(Reuters) – United Parcel Service Inc on Thursday said its fourth-quarter earnings suffered from higher costs resulting from surging shipping volumes during the peak holiday period, and its shares fell more than 6 percent.
Lowe’s to pay U.S. staff $1,000 bonus following tax reform
(Reuters) – Lowe’s Cos Inc on Thursday said it would pay a one-time bonus of $1,000 for over 260,000 hourly U.S employees, as the home improvement chain takes advantage of changes in the U.S. tax code.
U.S. jobless claims unexpectedly fall; worker productivity drops
WASHINGTON (Reuters) – The number of Americans filing for unemployment benefits unexpectedly fell last week, pointing to a tightening labor market and strengthening economy at the start of the year.
