Fed leaves interest rates unchanged, remains upbeat on economy
WASHINGTON (Reuters) – The Federal Reserve held interest rates steady on Wednesday in its first meeting since President Donald Trump took office, but painted a relatively upbeat picture of the U.S. economy that suggested it was on track to tighten mone…
Trump likely to face questions over travel ban in meeting with CEOs
WASHINGTON (Reuters) – U.S. President Donald Trump will likely face questions about his executive order restricting some travel to the United States when he meets with the CEOs of major U.S. companies at the White House on Friday.
JPMorgan changes chief of high-profile card business
NEW YORK (Reuters) – JPMorgan Chase & Co said on Wednesday that Jennifer Piepszak will become chief executive of its card services division, replacing Kevin Watters.
Abercrombie & Fitch names merchandising head as CEO
(Reuters) – Abercrombie & Fitch Co , which is struggling with a relentless decline in sales, said Fran Horowitz, its merchandising head, had been promoted to chief executive of the teen apparel retailer.
JPMorgan to pay Lehman $797.5 million to end litigation over collapse
NEW YORK (Reuters) – JPMorgan Chase & Co will pay $797.5 million in cash to end all litigation brought on behalf the former Lehman Brothers Holdings Inc, whose September 2008 collapse triggered a global financial crisis.
U.S. jury issues $500 million verdict in Facebook virtual reality lawsuit
(Reuters) – A U.S. jury in Texas on Wednesday ordered Facebook Inc, its virtual reality unit Oculus, and other defendants to pay a combined $500 million to ZeniMax Media Inc, a video game publisher that says Oculus stole its technology.
MetLife’s results weighed down by derivatives loss
(Reuters) – MetLife Inc , the largest U.S. life insurer, reported a quarterly net loss, compared with a profit a year earlier, dragged down by a derivative loss of $3.2 billion.
Ford, GM, Fiat Chrysler see January sales gains in Canada
TORONTO (Reuters) – The Canadian arms of Ford Motor Co , General Motors Co and Fiat Chrysler Automobiles NV reported single-digit percentage gains for January car and light truck sales on Wednesday, contrasting with a 1.8 percent drop in the United S…
Waymo’s self-driving cars improve performance in California tests
(Reuters) – Alphabet Inc’s Waymo said its fleet of self-driving vehicles logged more than 600,000 miles last year on public roads in California, while rival Tesla Inc reported operating autonomous vehicles for just 550 miles on public roads since last …
U.S. factory, private payrolls data point to firming economy
WASHINGTON (Reuters) – U.S. factory activity accelerated to more than a two-year high in January amid sustained gains in new orders and raw material costs, pointing to a recovery in manufacturing as domestic demand strengthens and the drag from low oil…
