Verizon close to Yahoo deal, price cut of $250-350 million: sources
(Reuters) – Verizon Communications Inc is close to a revised deal to buy Yahoo Inc’s core internet business for $250 million to $350 million less than the original agreed price of $4.83 billion, according to a source briefed on the matter.
Cisco profit beats on strong demand for security products
(Reuters) – Cisco Systems Inc reported higher-than-expected quarterly revenue and profit, helped mainly by strong demand for its security products.
Trump meets with retail CEOs to talk taxes, imports
WASHINGTON (Reuters) – U.S. President Donald Trump on Wednesday called tax code revisions a critical way to boost the nation’s economy as he kicked off a White House meeting with chief executive officers of Target Corp , Best Buy Co Inc and six other …
Trian’s P&G stake raises investor hopes of break-up, cost cuts
(Reuters) – Procter & Gamble Co , maker of Tide detergent and Gillette razors, will face ever greater pressure to slice costs and slow-growing divisions now that activist investor Trian Partners is a major shareholder.
Trump ‘not wrong on everything’: Berkshire’s Munger
LOS ANGELES/NEW YORK (Reuters) – Charlie Munger, the billionaire vice chairman of Warren Buffett’s Berkshire Hathaway Inc , said some of U.S. President Donald Trump’s ideas may prove constructive for the country, tempering comments a year ago suggestin…
U.S. retail sales rise; inflation posts largest gain in four years
WASHINGTON (Reuters) – U.S. retail sales rose more than expected in January and consumer prices recorded their biggest gain in nearly four years, boosting prospects of an interest rate increase from the Federal Reserve next month.
Pepsi blames global macro concerns for weak outlook; shares fall
(Reuters) – PepsiCo Inc forecast 2017 adjusted earnings below analysts’ estimates, citing weakness in its international markets, particularly in developing regions such as Asia, Middle East and North Africa.
U.S. lawmakers grill Yellen on interest rates, regulatory policy
WASHINGTON (Reuters) – Republican lawmakers on Wednesday criticized Federal Reserve Chair Janet Yellen’s stewardship of the U.S. economy and urged her to halt work on financial regulation until President Donald Trump names new policymakers to the centr…
Fed’s Rosengren sees ‘at least’ three rate hikes per year
NEW YORK (Reuters) – The Federal Reserve may need to raise interest rates a bit more aggressively than the thrice-per-year pace forecast by Fed policymakers if the U.S. economy picks up steam as expected, a pragmatic Fed official said on Wednesday.
Bosses defend Peugeot-Opel deal under political fire
FRANKFURT/PARIS (Reuters) – PSA Group and General Motors mobilized their chief executives on Wednesday to defend the Peugeot maker’s planned acquisition of GM’s Opel against a German-led backlash that could derail the deal even before its terms are f…
