Fed policymakers see future rate rises guided by inflation, fiscal stimulus
WASHINGTON (Reuters) – U.S. Federal Reserve policymakers showed worry over the fate of currently low inflation and saw recent tax changes as providing a boost to consumer spending, according to the minutes of the U.S. central bank’s last policy meeting…
Brazilian agency requires Apple to inform consumers on batteries
SAO PAULO (Reuters) – A Brazilian state agency responsible for consumer issues notified Apple Inc on Wednesday that it must explain how Brazilian owners of iPhones will be able to buy battery replacements at lower prices.
Howard Hughes shares hurt as Ackman trims stake to invest in own fund
BOSTON (Reuters) – Shares in Howard Hughes Corp dropped more than 3 percent on Wednesday after billionaire investor William Ackman, who chairs the real estate company’s board and called it an attractive buy in May, said his firm would sell 2.5 million…
Automakers post lower December U.S. sales, weaker year lies ahead
DETROIT (Reuters) – Most major automakers on Wednesday reported lower December U.S. sales as they look ahead to weaker sales in 2018 that will test pricing discipline in an industry where consumer discounts are already at elevated levels.
Spotify makes confidential filing for U.S. IPO: source
NEW YORK/SAN FRANCISCO (Reuters) – Music streaming service Spotify has filed confidentially with U.S. regulators for an initial public offering and is targeting a direct listing in the first half of 2018 that would allow some longtime investors to cash…
Allergan to cut over 1,000 jobs as it works to return to growth
NEW YORK (Reuters) – Allergan Plc on Wednesday said it plans to cut over 1,000 jobs and eliminate an additional 400 currently open positions, as it works to cut costs in the face of new competition for its second most important drug, dry-eye treatment…
S&P cruises past 2,700 as tech stocks climb
(Reuters) – Wall Street’s main indexes hit records on Wednesday, with the benchmark S&P 500 index breaching the 2,700-mark for the first time on gains in technology stocks.
Dominion Energy to buy Scana, assume failed nuclear project costs
(Reuters) – Dominion Energy Inc said on Wednesday it would buy Scana Corp in an all-stock deal worth about $7.9 billion, offering the utility a way out of dealing with unhappy customers and federal investigations following a failed nuclear project.
Automakers post lower December U.S. sales; eye taxes, rate hikes
DETROIT (Reuters) – Most major automakers on Wednesday reported lower December U.S. sales despite hefty consumer discounts, as higher interest rates and a new tax code cast uncertainty over their prospects in 2018.
Design flaw found in Intel chips; fix causes them to slow: report
FRANKFURT (Reuters) – A design flaw has been found in microprocessors made by Intel Corp that requires updates to computer operating systems, a tech publication reported, adding that the fix causes the chips to operate more slowly.
