Fed’s Yellen says ‘high-pressure’ policy may be only way back from crisis
BOSTON (Reuters) – The Federal Reserve may need to run a “high-pressure economy” to reverse damage from the 2008-2009 crisis that depressed output, sidelined workers, and risks becoming a permanent scar, Fed Chair Janet Yellen said on Friday in a broa…
Sales scandal costs Wells Fargo; JPMorgan and Citi please Wall Street
NEW YORK (Reuters) – JPMorgan Chase and Citigroup trounced third-quarter estimates on Friday on a sharp rebound in trading revenues while Wells Fargo & Co barely beat expectations as a sales scandal engulfed the bank.
Fujitsu to cut 400-500 jobs in Germany: Nikkei
(Reuters) – Japanese electronics giant Fujitsu Ltd will cut 400-500 jobs in Germany, the Nikkei business daily reported on Friday.
Wall Street’s gains fade as Yellen questions economy’s resilience
(Reuters) – U.S. stocks ended little changed on Friday, losing ground late after Federal Reserve Chair Janet Yellen’s comments on the economy unnerved investors.
Alaska Air says making ‘good progress’ on Virgin merger review
WASHINGTON (Reuters) – Alaska Air Group Inc was making “good progress” in talks with the Justice Department on a planned merger with Virgin America Inc , an Alaska spokeswoman said on Friday.
Wells Fargo CFO says has not considered giving back recent bonuses
(Reuters) – Wells Fargo & Co CFO John Shrewsberry said on Friday he has not considered giving back bonuses he has earned following a scandal over unauthorized accounts.
Investors seek profit turnaround to drive stocks higher
NEW YORK (Reuters) – A heavy slate of U.S. corporate earnings could set the course next week for a wavering U.S. stock market.
Samsung offers alternative phones to Note 7 to appease India customers
MUMBAI (Reuters) – Samsung Electronics Co on Friday offered alternative phones to its India customers who had pre-ordered its flagship Galaxy Note 7 devices, in a bid to appease loyal clients in one of its largest smartphone markets.
Yahoo not to hold quarterly earnings call or webcast
(Reuters) – Yahoo Inc said on Friday that it would not hold a call or webcast when it reports third-quarter results on Tuesday, citing its pending $4.83 billion deal with Verizon Communications Inc.
Boeing names new sales chief as John Wojick plans to retire
(Reuters) – Boeing Co announced the new sales chief for its commercial airplanes division on Friday as the U.S. planemaker and Europe’s Airbus battle over dwindling jet orders.
