Global stocks, sterling inch up as Brexit vote looms, Yellen cools rate talk
LONDON (Reuters) – Stocks and sterling rose while traditional safe-haven assets gold and bonds slipped on Wednesday, as investors were guardedly optimistic about a “Remain” vote in Britain’s European Union referendum later this week.
Exclusive: McDonald’s gets bids for China, HK stores sale in up to $3 billion deal – sources
HONG KONG/SINGAPORE (Reuters) – McDonald’s Corp has received more than half a dozen bids for its China and Hong Kong stores, including offers from Beijing Tourism Group, Sanpower and ChemChina, in an auction that could fetch up to $3 billion, people f…
Allegiant Travel strikes tentative deal with Allegiant Air pilots
(Reuters) – Allegiant Travel Co said it has struck a tentative contract agreement with pilots at its Allegiant Air after prolonged negotiations.
Nissan says CEO Ghosn’s salary rose 3.5 percent last year
YOKOHAMA (Reuters) – Nissan Motor Co on Wednesday said that it paid CEO Carlos Ghosn 1.1 billion yen ($10.2 million) in the last business year, up 3.5 percent from the previous year.
Samsung takes fight to Apple with mobile wallet strategy
SYDNEY/SEOUL (Reuters) – Smartphone leader Samsung Electronics has for years been a spectator as Apple built a services “ecosystem” supporting its products. But now, as the two develop the market for mobile payments, the Korean tech giant is taking t…
Fed cautious on rates due to Brexit, U.S. hiring slowdown: Yellen
WASHINGTON (Reuters) – The Federal Reserve’s ability to raise interest rates this year may hinge on a rebound in hiring that would convince policymakers the U.S. economy is not faltering, Fed Chair Janet Yellen told lawmakers on Tuesday.
Japan Inc backs sales tax hike delay though frets about impact: Reuters poll
TOKYO (Reuters) – Most Japanese firms support the government’s decision to put off a hike in the national sales tax by more than two years due to weakness in the economy, a Reuters poll showed, though corporate concern about the negative impact of the …
Wall St. ticks up on economy bets; Brexit fear ebbs
(Reuters) – U.S. stocks rose on Tuesday, led by gains in technology shares as Federal Reserve Chair Janet Yellen was optimistic about the economy and played down the risk of a recession, while concern over the upcoming British referendum remained subdu…
Adobe’s revenue forecast disappoints growth-hungry investors
(Reuters) – Adobe Systems Inc’s second-quarter revenue and full-year revenue forecast just about met analysts’ estimates, disappointing investors hoping demand for the company’s Creative Cloud package of software tools would outpace expectations.
VW supervisory board backs endorsement of former top managers: source
BERLIN (Reuters) – Volkswagen’s supervisory board on Tuesday stood by its recommendation that top management’s actions be endorsed by shareholders, a person familiar with the matter said, even as German prosecutors launched a new probe against a curre…
