Dow notches another record high helped by DuPont; S&P slips
NEW YORK (Reuters) – The S&P 500 ended modestly weaker on Wednesday, holding losses after minutes from the Federal Reserve’s last meeting kept alive a potential near-term interest rate hike, while DuPont shares helped the Dow close at an all-time high for a ninth straight session.
HP Inc reports 3.6 percent rise in quarterly revenue
(Reuters) – HP Inc , which houses the hardware business of former Hewlett-Packard Co, reported a 3.6 percent rise in quarterly revenue, largely helped by a stabilizing PC market.
Peugeot sets sales and savings goals for Opel deal: sources
LONDON/FRANKFURT/PARIS (Reuters) – French carmaker PSA Group expects its planned acquisition of General Motors’ Opel division to lead to combined sales of 5 million vehicles by 2022 and save as much as 2 billion euros ($2.1 billion) annually, sources…
Federal Reserve minutes point to rate hike ‘fairly soon’
WASHINGTON (Reuters) – Many Federal Reserve policymakers said it may be appropriate to raise interest rates again “fairly soon” should jobs and inflation data come in line with expectations, according to the minutes of the Fed’s last policy meeting rel…
Tesla down ahead of first quarterly report to include SolarCity
SAN FRANCISCO (Reuters) – Shares of Tesla were down almost 1 percent on Wednesday ahead of the electric car maker’s first quarterly report following its $2.6 billion acquisition of solar panel installer SolarCity.
Unilever spurred into speedy value review by Kraft bid
LONDON (Reuters) – Unilever sought to show shareholders it can go it alone on Wednesday after rejecting Kraft Heinz’s $143 billion bid, with the promise of a swift, far-reaching review.
Activist investor Marcato turns up heat on Buffalo Wild Wings
NEW YORK (Reuters) – Activist investor Marcato Capital Management has ratcheted up its attack against Buffalo Wild Wings Inc, seizing on the restaurant chain’s weak earnings as further evidence to support the fund’s goal of overhauling its strategy and…
U.S. home sales hit 10-year high, prices soar
WASHINGTON (Reuters) – U.S. home resales surged to a 10-year high in January as buyers shrugged off higher prices and mortgage rates, signaling rising confidence in the economy and bolstering expectations of a pickup in growth in the first quarter.
Airbus seeks new European help over A400M costs
PARIS (Reuters) – Airbus called on Wednesday for new talks with European governments to ease “heavy penalties” for delays to its A400M military aircraft, after taking a fresh 1.2 billion euro ($1.3 billion) charge for Europe’s largest defense project….
German lawmakers call for inquiry into VW compliance chief exit
BERLIN (Reuters) – Lawmakers from Volkswagen’s home region called on Wednesday for an inquiry into the sudden departure of the German carmaker’s compliance chief last month, saying they were concerned the supervisory board was not overseeing the busine…
