Yellen says Fed rate hike likely appropriate in coming months
CAMBRIDGE, Mass. (Reuters) – The Federal Reserve should raise interest rates “in the coming months” if the economy picks up as expected and jobs continue to be generated, U.S. central bank chief Janet Yellen said on Friday, bolstering the case for a ra…
Wall Street puts finishing touch on best week since March
(Reuters) – Wall Street rose on Friday and capped off its strongest week since March after U.S. Federal Reserve Chair Janet Yellen said an interest-rate hike would likely be appropriate “in the coming months.”
Fed reaction to data barrage is focus for stocks
NEW YORK (Reuters) – Data on inflation and employment, two of the economic indicators most important to a “data-dependent” U.S. Federal Reserve are expected next week.
Automakers recall 12 million U.S. vehicles over Takata air bags
WASHINGTON (Reuters) – Eight automakers said on Friday they are recalling more than 12 million U.S. vehicles for defective Takata air bag inflators, widening the largest-ever auto safety effort to more passenger-side devices.
Verizon and unions reach tentative deal to end strike
NEW YORK (Reuters) – Verizon Communications Inc and unions representing nearly 40,000 wireline workers have reached a tentative deal “in principle” to end a strike that started April 13th, U.S. Secretary of Labor Thomas Perez said on Friday.
N.J. Governor Christie signs Atlantic City rescue package into law
(Reuters) – New Jersey Governor Chris Christie on Friday signed into law a package of legislation that provides distressed gambling hub Atlantic City with immediate cash help but also a potential state takeover if the city cannot fix its finances.
U.S. economic growth revised higher in first quarter
WASHINGTON (Reuters) – U.S. economic growth slowed in the first quarter although not as sharply as initially thought, as a surge in home building and steady inventory accumulation partially offset the drag from a steep decline in business investment.
Verizon strike seen lowering U.S. May payrolls by 35,000 jobs
WASHINGTON (Reuters) – The strike by Verizon Communications Inc workers will probably trim U.S. non-farm payroll growth in May by at least 35,000 jobs, a Labor Department report showed on Friday.
Konecranes-Terex deal to proceed as China’s Zoomlion drops rival bid
HONG KONG/HELSINKI (Reuters) – China’s Zoomlion Heavy Industry Science and Technology Co Ltd has abandoned its $3.4 billion bid for U.S. crane maker Terex Corp , clearing the way for a smaller deal between Terex and Finland’s Konecranes .
Monsanto boss could net $70 million from a Bayer takeover
LONDON (Reuters) – Monsanto boss Hugh Grant could land more than $70 million if the world’s largest seed company is taken over by German chemicals giant Bayer AG .
