Tech recovery sends Wall St. to records with Fed next
(Reuters) – Wall Street gained on Tuesday, with the S&P 500, Dow industrials and Russell 2000 setting record closing highs, as technology stocks bounced back and investors positioned for an expected Federal Reserve interest rate hike.
Exclusive: GE begins testing drones to inspect refineries, factories – executive
SEATTLE (Reuters) – General Electric Co has begun testing autonomous drones and robotic “crawlers” to inspect refineries, factories, railroads and other industrial equipment with an eye on capturing a bigger slice of the $40 billion companies around th…
U.S. shale firms more exposed to falling oil prices as hedges expire
(Reuters) – Cash-strapped U.S. shale firms scaled back their hedging programs in the first quarter, leaving them more vulnerable to tumbling spot market prices just after OPEC reached a landmark deal to curb global supply.
Toshiba faces fresh lawsuit, plans provision for year ended March
TOKYO (Reuters) – Toshiba Corp on Tuesday said it was being sued by another group of foreign investors for 43.9 billion yen ($399 million) in damages over a $1.3 billion accounting scandal uncovered two years ago.
Fed set to raise interest rates, give more detail on balance sheet wind-down
WASHINGTON (Reuters) – The U.S. Federal Reserve is widely expected to raise its benchmark interest rate this week due to a tightening labor market and may also provide more detail on its plans to shrink the mammoth bond portfolio it amassed to nurse th…
Hyundai Motor bets on new small SUV as China sales skid
GOYANG, South Korea (Reuters) – Hyundai Motor unveiled its first subcompact sport utility vehicle Kona for advanced markets, including the United States, Europe and South Korea, as it tries to offset sliding sales in China and catch up with rivals in …
Tech stocks and Canada dollar flash points as Fed meets
LONDON (Reuters) – The prospect of the United States, the world’s largest economy, raising interest rates and shrinking its mammoth balance sheet reverberated across markets from Toronto to Beijing on Tuesday.
LG Chem denies media report of $6.2 billion Volkswagen battery deal
SEOUL (Reuters) – South Korean battery maker LG Chem Ltd denied on Tuesday a media report that it has signed a 7 trillion won ($6.20 billion) deal to supply electric vehicle batteries for Volkswagen AG .
U.S. Treasury unveils financial reforms, critics attack
(This June 12 story removes “that” from second paragraph, adds “sought” to seventh paragraph)
Deutsche Bank reaches $170 million Euribor-rigging settlement
NEW YORK (Reuters) – Deutsche Bank AG will pay $170 million to settle an investor lawsuit claiming it conspired with other banks to manipulate the benchmark European Interbank Offered Rate and related derivatives.
