Strong U.S. job growth, rising wages set stage for Fed rate hike
WASHINGTON (Reuters) – U.S. employers hired workers at a robust pace in February, beating expectations, and wages grinded higher, which could give the Federal Reserve the green light to raise interest rates next week despite slowing economic growth.
Merrill Lynch may keep commission-based retirement accounts: source
(Reuters) – Merrill Lynch, a unit of Bank of America Corp, may not entirely do away with its commission-based retirement accounts, after Trump ordered the Labor Department last month to delay the proposed retirement-savings rule.
Toshiba’s Westinghouse should decide on Chapter 11 by end-March: Japan Finance Minister
TOKYO (Reuters) – Toshiba Corp’s Westinghouse unit needs to decide by the end of the month whether to file for Chapter 11 bankruptcy so the Japanese conglomerate can compile audited third-quarter earnings without further delays, Japan’s Finance Ministe…
Starbucks CEO’s refugee comments sour customer views of chain: survey
LOS ANGELES (Reuters) – Starbucks Corp’s vow to hire thousands of refugees after President Donald Trump’s first executive order that temporarily banned travel from seven mostly-Muslim nations appears to be hurting customer sentiment of the coffee chai…
Global stocks up, dollar firm as U.S. jobs data set to cement Fed rate hike expectations
LONDON (Reuters) – Stocks rose, the dollar was on track for its fifth week of gains and crude oil rebounded from recent lows on Friday ahead of closely watched U.S. payrolls data which is expected to give the Federal Reserve the green light to raise in…
Order for Venezuela to pay Exxon $1.4 billion in damages overturned: lawyer
CARACAS (Reuters) – A World Bank tribunal’s order for Venezuela to pay $1.4 billion in damages to Exxon Mobil Corp over nationalizations has been annulled, a lawyer for the Venezuelan government said on Thursday.
American Air lowers key revenue guidance, sending shares down
NEW YORK (Reuters) – American Airlines Group Inc on Thursday became the second major U.S. airline this week to lower guidance on a closely watched revenue metric, sending shares of several major carriers lower.
Volkswagen set to plead guilty on Friday in emissions case
WASHINGTON (Reuters) – Volkswagen AG is set to plead guilty on Friday to three felony counts in the Justice Department’s diesel emissions investigation, as the German automaker seeks to move past its cheating scandal.
Exclusive: SunPower puts large Chilean solar plant up for sale – sources
SANTIAGO (Reuters) – SunPower Corp has put a large solar plant in Chile up for sale, according to two sources with knowledge of process, as the second largest U.S. solar panel maker seeks to cut costs across the globe.
At PwC trial, Corzine defends bet that led to MF Global demise
NEW YORK (Reuters) – Former New Jersey Governor Jon Corzine defended his big bet on European sovereign debt at MF Global Holdings Ltd, and said market confusion over the wager and changing advice from auditor PricewaterhouseCoopers LLP [PWC.UL] were fa…
