Fed again poised to cut longer-run interest rate forecast
SAN FRANCISCO/NEW YORK (Reuters) – U.S. Federal Reserve policymakers are set this week to again cut their forecasts for how high interest rates will need to go in an economy where output, productivity and inflation are growing at a slower pace than in past decades.
GM sets Bolt electric car price at $37,495
DETROIT (Reuters) – General Motors Co on Tuesday announced its Chevrolet Bolt electric vehicle will cost under $30,000 after tax breaks, a price that makes it significantly cheaper than the average new U.S. vehicle and sets up a test of whether the tec…
Exclusive: Google may face over $400 million Indonesia tax bill for 2015 – government official
JAKARTA (Reuters) – Indonesia plans to pursue Alphabet Inc’s Google for five years of back taxes, and the search giant could face a bill of more than $400 million for 2015 alone if it is found to have avoided payments, a senior tax official said.
CJ Group pulls out of race for McDonald’s South Korea operations
SEOUL (Reuters) – South Korean food-to-entertainment conglomerate CJ Group on Tuesday said it did not enter the latest round of bidding for McDonald’s Corp’s South Korean operations.
Takata shares tank after report some bidders considering bankruptcy proceedings
TOKYO (Reuters) – Shares in Takata Corp fell as much as 9 percent on Tuesday after a Bloomberg report that some of the company’s bidders are considering the possibility of some form of bankruptcy proceedings for the troubled Japanese air bag maker.
Bitcoin is money, U.S. judge says in case tied to JPMorgan hack
NEW YORK (Reuters) – Bitcoin qualifies as money, a federal judge ruled on Monday, in a decision linked to a criminal case over hacking attacks against JPMorgan Chase & Co and other companies.
Deutsche Bank to securitize billions worth corporate loans: source
(Reuters) – Deutsche Bank , which faces a hefty fine from the U.S. Department of Justice over mortgage-backed securities, is planning to convert billions of dollars of corporate loans into marketable securities, according to a person close to the matte…
Wal-Mart completes acquisition of Jet.com
CHICAGO (Reuters) – Wal-Mart Stores Inc on Monday said it has completed the acquisition of internet retailer Jet.com after agreeing to pay about $3 billion for the e-commerce startup last month.
Wall Street ends flat as banks gain, Apple drags
(Reuters) – A see-saw session on Wall Street on Monday ended little changed, with gains in big bank stocks offsetting a drag from Apple, as investors braced for the Federal Reserve meeting later this week.
Sears to shut 64 more Kmart stores: source
(Reuters) – Retailer Sears Holdings Corp will close a further 64 Kmart stores in the United States, a source familiar with the matter said, in addition to the nearly 70 it announced earlier this year.
