Intel’s quarterly beat, raised forecasts send shares higher
(Reuters) – Intel Corp reported a better-than-expected quarterly profit, and the world’s largest chipmaker raised its full-year forecasts, sending its shares up 4.2 percent after the bell.
U.S. likely to approve Fiat Chrysler’s 2017 diesels: sources
WASHINGTON (Reuters) – U.S. and California regulators are expected to approve Fiat Chrysler Automobiles’ request to sell 2017 diesel vehicles, two sources said on Thursday – a move that may help the Italian-American automaker win approval for a software fix for older diesel models.
Starbucks puts spotlight on China as U.S. growth cools
LOS ANGELES (Reuters) – Starbucks Corp’s new chief executive said the world’s biggest coffee chain is making a long-term investment in China, amid worries that growth from its dominant U.S. market is cooling.
Booming stocks and credit, falling U.S. dollar seen giving Fed cover to hike
NEW YORK (Reuters) – Despite analysts’ chatter that sluggish inflation may prevent the Federal Reserve from raising interest rates further soon, the rosy scene in financial markets might allow U.S. policy-makers to squeeze in another rate hike this yea…
Amazon plows ahead with high sales and spending; profit plunges
(Reuters) – Amazon.com Inc on Thursday reported a jump in retail sales along with a profit slump, as its rapid, costly expansion into new shopping categories and countries showed no sign of slowing.
Trump’s ‘America First’ push not protectionist: UPS CEO
SEATTLE (Reuters) – Republican U.S. President Donald Trump’s efforts to renegotiate or scrap longstanding global trade deals are not protectionist and are more focused on winning better terms for American businesses, the top executive of United Parcel …
Chemical giants see growth in green, clean tech
(Reuters) – Chemical companies Dow Chemical Co and DuPont are seeing increased benefits in building sustainable “green” products, as they look for newer avenues of growth and build a stronger connection with millenials.
Amazon’s Jeff Bezos becomes world’s richest: Forbes
(Reuters) – Amazon.com Inc Chief Executive Jeff Bezos has unseated fellow tech billionaire Bill Gates as the richest person in the world, profiting from the e-commerce company’s meteoric stock rise to reach a fortune of $90.6 billion, Forbes reported….
Exclusive: Nordstrom family offers preferential terms to clinch buyout partner – sources
(Reuters) – The group of Nordstrom Inc family members seeking to take the eponymous U.S. department store operator private is offering preferential terms to potential equity partners willing to fund the buyout, people familiar with the matter said.
EU gives initial OK to more Russia sanctions over Siemens, no final decision
BRUSSELS (Reuters) – European Union states have given initial backing to a German proposal to blacklist several more Russian nationals and companies over the delivery of Siemens gas turbines to Crimea, but made no final decision, diplomats said.
