Fed’s Fischer says move to unwind bank regulation ‘dangerous’: FT
LONDON (Reuters) – Efforts by the United States government to loosen regulations on banks are “dangerous and extremely short-sighted”, one of the U.S. central bank’s top policymakers said in an interview with the Financial Times published late on Wedne…
Buffett’s Berkshire Hathaway will not increase its Oncor offer
(Reuters) – The energy unit of Warren Buffett’s Berkshire Hathaway Inc said on Wednesday it will “stand firm” on its $9 billion offer to acquire 80 percent of Oncor Electric Delivery Company LLC and will not increase its offer.
European stocks and bond yields fall after Fed flags weak inflation
LONDON (Reuters) – European stocks and bond yields fell in early trade on Thursday after the Federal Reserve expressed concern over weak U.S. inflation, a trend which has clouded the outlook for the world’s largest economy.
Union Pacific to layoff 750 U.S. employees amid broader cost-cutting
(Reuters) – Union Pacific Corp said on Wednesday it will cut roughly 500 management jobs and 250 railroad workers by mid-September as the No. 1 U.S. railroad continues broader cost-cutting.
Fed, split by inflation, should forge on with rate hikes: Mester
NEW YORK (Reuters) – A Federal Reserve policymaker on Wednesday staked out the hawkish argument for carrying on with U.S. interest rate hikes even while weak recent inflation readings have split opinions among her colleagues at the U.S. central bank.
Cisco’s security business revenue misses estimates, shares drop
(Reuters) – Cisco Systems Inc’s quarterly revenue in its closely-watched security business missed analysts’ estimates, raising concerns about the world’s largest networking gear maker’s efforts to transform into a software-focused company.
Slim’s America Movil wins telecom battle in top Mexico court
MEXICO CITY (Reuters) – Mexico’s Supreme Court on Wednesday ruled billionaire Carlos Slim’s telecommunications company America Movil should not be barred by law from charging competitors certain fees, prompting fears of a rollback of a sweeping antitru…
GM’s Maven may compete with Lyft and Uber in ride services
(Reuters) – General Motors Co’s Maven car sharing and rental unit could wind up competing with two of its biggest customers, Uber Technologies and Lyft Inc, with an ambitious expansion plan that could take it eventually into ride and delivery services…
Ackman says owned stake in Hilton, a previously unnamed bet
BOSTON (Reuters) – Investor William Ackman said on Wednesday his hedge fund had bought and sold a stake in Hilton Worldwide Holdings, identifying the portfolio company that recently earned him a double digit return.
Fed policymakers grow more worried about weak inflation
WASHINGTON (Reuters) – Federal Reserve policymakers appeared increasingly wary about recent weak inflation and some called for halting interest rate hikes until it was clear the trend was transitory, according to the minutes of the U.S. central bank’s …
