U.S. December auto sales surprisingly strong, 2016 sets new high
DETROIT (Reuters) – U.S. sales of new cars and trucks hit a record high in 2016, automakers said on Wednesday, and investors bid up shares in the sector as strong consumer confidence and relatively low fuel prices bolstered the industry’s outlook.
Fed policymakers agree Trump fiscal boost poses inflation risk
WASHINGTON (Reuters) – Almost all Federal Reserve policymakers thought the economy could grow more quickly because of fiscal stimulus under the Trump administration and many were eyeing faster interest rate increases, minutes from the central bank’s De…
Suntory says not considering IPO of U.S. unit
TOKYO (Reuters) – Suntory Holdings is not planning to list its U.S. spirits unit Beam Suntory Inc [BSI.UL] on the New York Stock Exchange, a top executive said on Thursday, denying a Japanese media report.
Ex-employee sues Snapchat, alleges it misled investors: Hollywood Reporter
(Reuters) – A former employee has dragged Snapchat to court accusing the messaging app of misleading investors and trading partners to drive up its initial public offering, the Hollywood Reporter said citing a court document.
Ford expands Alexa use, heating up auto personal assistant battle
LAS VEGAS (Reuters) – Ford Motor Co is expanding the use of Amazon.com Inc’s Alexa personal assistant in its vehicles to allow drivers to talk to their cars – demanding anything from a nearby cheeseburger to a weather forecast – marking a leap by the…
U.S. Labor department sues Google for compensation data
(Reuters) – The U.S. Department of Labor said on Wednesday it filed a lawsuit against Alphabet Inc’s Google unit seeking access to the company’s compensation data and documents as part of a routine compliance evaluation.
Wall Street climbs; Fed minutes confirm inflation jitters
(Reuters) – U.S. shares ended higher on Wednesday even after minutes from the Federal Reserve’s December meeting showed concerns that quicker economic growth under President-elect Donald Trump could require faster interest rate increases to ward off in…
Deutsche Bank to pay $95 million to end U.S. tax fraud case
NEW YORK (Reuters) – Deutsche Bank AG agreed to pay $95 million to resolve a U.S. government lawsuit accusing the German bank of tax fraud for using “insolvent” shell companies to hide significant tax liabilities from the Internal Revenue Service in 2…
Trump’s SEC pick Clayton points to capital formation, not enforcement
WASHINGTON (Reuters) – With his selection of deal-making attorney Walter “Jay” Clayton to head the U.S. Securities and Exchange Commission, President-elect Donald Trump is signaling that the agency will try to reduce regulations that critics see as bur…
Boeing wins $8.8 billion in 737 MAX orders, still short of goal
SEATTLE (Reuters) – Boeing Co said on Wednesday it had booked firm orders for 80 of its 737 MAX 8 aircraft, valued at $8.8 billion at list prices, upping its 2016 tally but leaving it short of its goal.
