Fed officials in muddle over permanent vs temporary inflation lull
OKLAHOMA CITY (Reuters) – Federal Reserve officials with competing views about inflation laid out on Friday the quandary facing U.S. policymakers as they wrestle over whether a recent dip in the pace of price increases is trivial, or the result of glob…
Facebook trial over Class C stock canceled: Delaware court
WILMINGTON, Del. (Reuters) – Facebook Inc’s trial over a shareholder lawsuit opposing the company’s stock reclassification has been canceled, according to a clerk in Delaware’s Court of Chancery.
Wall Street slips on healthcare, North Korea, earnings angst
(Reuters) – U.S. stocks were down slightly in late afternoon trading on Friday as Apple weighed and investors eyed the progress of a healthcare bill in Washington on top of concerns about North Korea and the upcoming corporate earnings season.
Native American tribe moves to dismiss Allergan patent case
(Reuters) – A Native American tribe holding patents for drugmaker Allergan Plc on Friday moved to dismiss a case brought by generic drug company Mylan NV challenging the patents.
Wall Street lukewarm on Chipotle’s new ‘queso’ amid customer scorn
LOS ANGELES (Reuters) – Chipotle Mexican Grill Inc’s new “queso” cheese sauce is going over better on Wall Street than on Twitter, where one person called it a “crime against cheese.”
Wall St. flat as gains in energy, industrials offset healthcare losses
(Reuters) – U.S. stocks were little changed in early afternoon trading on Friday as losses in healthcare and technology stocks were evened out by gains in energy and industrial stocks.
Ryanair crisis exposes low-cost scramble for senior pilots
DUBLIN/BERLIN (Reuters) – Ryanair blames an internal “cock up”, but its cancellation of 2,000 flights exposes the struggle that low-cost carriers face as they risk growing faster than their ability to recruit experienced pilots.
Diesel’s disgrace brings hybrids-for-all in race to electrify
FRANKFURT (Reuters) – Carmakers squeezed between carbon emissions cuts and falling sales of fuel-efficient diesels have used the Frankfurt auto show to spotlight a future generation of electric cars that will largely come too late to help them out of t…
‘Unfit’ Uber stripped of London license
LONDON (Reuters) – London deemed Uber unfit to run a taxi service on Friday and stripped it of its license to operate from the end of next week in a major blow to the U.S. firm and 3.5 million users in one of the world’s wealthiest cities.
Wall St. flat as losses in healthcare offset gains in energy
(Reuters) – Wall Street was little changed in late morning trading on Friday as losses in financial and healthcare stocks were offset by gains in energy and industrial stocks.
