Daimler CEO sees no U.S. market disruptions once Trump takes office
BERLIN (Reuters) – Daimler Chief Executive Dieter Zetsche said he did not expect major policy changes in the United States once Donald Trump takes office as U.S. president in January.
McDonald’s investor renews push for antibiotic reduction in all meat
(Reuters) – A McDonald’s Corp shareholder is redoubling efforts to convince the fast-food chain to stop all of its global restaurants from serving the meat of animals raised with antibiotics that are vital for fighting human infections.
Alibaba, Tencent back Chinese cyber law facing overseas critics
WUZHEN, China (Reuters) – China’s Alibaba Group Holding Ltd and Tencent Holdings Ltd rallied behind Beijing’s recently-imposed cyber security law on Thursday, following criticism of it from overseas technology rivals.
Ford cuts Ford Credit’s 2017 pretax profit forecast
(Reuters) – Ford Motor Co said on Thursday it had cut the 2017 pretax profit forecast for its Ford Credit financial services arm.
U.S. needs higher rates; banks need more capital: FDIC’s Hoenig
WASHINGTON (Reuters) – The Federal Reserve should demand more capital from Wall Street while the central bank slowly increases interest rates, a leading U.S. regulator said on Thursday as he outlined a formula for future economic growth.
Confidence rebounds for wealthy investors after U.S. election: study
NEW YORK (Reuters) – Two weeks before the U.S. presidential election, half of wealthy investors were so fearful of turmoil in the stock markets that they either pulled some of their money out or moved it into more conservative investments, according to…
U.S. consumer prices post largest gain in six months
WASHINGTON, (Reuters) – U.S. consumer prices recorded their biggest increase in six months in October on rising gasoline costs and rents, suggesting a pickup in inflation that
Best Buy’s same-store sales beat expectations
(Reuters) – Best Buy Co Inc , the No. 1 U.S. electronics retailer, reported a better-than-expected rise in quarterly same-store sales, helped by higher online sales and strong demand for consumer electronics and mobile phones.
Russia starts blocking LinkedIn website after court ruling
MOSCOW (Reuters) – Russia’s communications regulator ordered public access to LinkedIn’s website to be blocked on Thursday to comply with a court ruling that found the social networking firm guilty of violating a data storage law.
Oil prices rise on Saudi optimism over OPEC deal
LONDON (Reuters) – Oil prices rose on Thursday as expectations of an OPEC deal to limit production outweighed growing evidence of global oversupply and rising inventories, particularly in the United States.
