Microsoft’s Skype draws inspiration from Snapchat in big redesign
SAN FRANCISCO (Reuters) – You can add Skype to the growing list of services copying features straight from Snapchat.
Morgan Stanley puts brokers alongside bankers in effort to boost business
(Reuters) – Morgan Stanley is putting some of its financial advisers into its Times Square headquarters in New York City for the first time as the Wall Street firm tries a novel approach aimed at generating more business between its investment bank and…
Pace of U.S. auto sales slows; GM, Ford shares rise anyway
DETROIT (Reuters) – The pace of U.S. car and light truck sales slowed in May for the third month in a row despite steep discounts, but investors bid up shares of General Motors Co and Ford Motor Co after executives outlined plans to cut inventories.
Wall Street rises as data points to accelerating economy
NEW YORK (Reuters) – U.S. stocks advanced on Thursday, with each of the major U.S. indexes notching record highs, after a batch of economic data suggested the economy was picking up speed.
U.S. factory activity edges up; private payrolls surge
WASHINGTON (Reuters) – U.S. factory activity ticked up in May after slowing for two straight months and private employers stepped up hiring, suggesting the economy is regaining speed after struggling at the start of the year.
Fed marching on despite U.S. inflation slump: Powell
NEW YORK (Reuters) – The Federal Reserve sent a strong signal on Thursday that it will raise interest rates this month and soon begin shedding some of its $4.5 trillion in bond holdings, despite some weak recent U.S. inflation readings.
Exclusive: OPEC looked at extra 1-1.5 percent oil supply cut, could revive proposal
DUBAI/LONDON (Reuters) – OPEC discussed cutting its oil output by a further 1-1.5 percent when it met last week, three sources familiar with the matter said, and could revisit the proposal should inventories remain high and continue to weigh on prices….
Sulk but no tantrum likely as central banks sidle toward exit
LONDON (Reuters) – History suggests that financial markets react violently when a central bank signals it is scaling back the stimulus that has kept an economy afloat – and lined the pockets of investors.
Deere to buy German road construction firm for about $5 billion
(Reuters) – Deere & Co said on Thursday it would buy privately held German company Wirtgen Group for about $4.88 billion to expand its road construction operations as it looks to cut down its dependence on its slowing farm business.
PPG walks away from battle to buy Akzo Nobel
AMSTERDAM (Reuters) – U.S. paints and coatings maker PPG Industries has dropped its attempt to buy Dutch rival Akzo Nobel in a 26.3 billion euro ($29.5 billion) deal, stung by repeated rejections from the company, legal defeats and hostility from Du…
