Fed signals interest rate hike firmly on the table for June
WASHINGTON (Reuters) – Federal Reserve officials felt the U.S. economy could be ready for another interest rate increase in June, according to the minutes from the central bank’s April policy meeting released on Wednesday.
Target shares plunge after sales, outlook disappoint
CHICAGO (Reuters) – Retail chain Target Corp gave a cautious outlook on Wednesday after reporting a lower-than-expected increase in quarterly sales due to unseasonable weather and weaker demand for electronics and groceries.
Germany asks Opel for more information in Zafira emissions probe
BERLIN (Reuters) – General Motors’ Opel division has admitted that its Zafira model has engine software that switches off exhaust treatment systems under certain circumstances but says this is legal, German Transport Minister Alexander Dobrindt said.
Fiat Chrysler recalls half million Jeep Wrangler SUVs
(Reuters) – Fiat Chrysler Automobiles said on Wednesday it will recall 506,420 of its popular Jeep Wrangler SUVs because off-road driving may cause the driver-side air bag not to open in a crash.
Takeover talk by rival ‘wild speculation’: Monsanto executive
NEW YORK (Reuters) – Talk of a takeover of Monsanto Co by rivals Bayer AG or BASF SE is “wild speculation,” and Monsanto is staying focused on its own strategy, president and chief operating officer Brett Begemann said on Wednesday.
Issue resolved at NYSE, some orders canceled: exchange
NEW YORK (Reuters) – The New York Stock Exchange said on Wednesday a critical technical issue that disrupted trading in nearly 200 ticker symbols had been resolved.
JPMorgan wins dismissal of Madoff investors’ U.S. lawsuit
NEW YORK (Reuters) – JPMorgan Chase & Co on Wednesday won the dismissal of a lawsuit by former investors of Bernard Madoff’s firm who blamed the largest U.S. bank for turning a blind eye to his Ponzi scheme.
N.Y. regulator subpoenas Lending Club over interest rates, fees: source
(Reuters) – New York state’s financial regulator subpoenaed Lending Club Corp on Wednesday over its business practices related to interest rates and fees charged to New Yorkers, a person familiar with the matter said.
Ex-Barclays trader tells court Libor rate promise was ‘just banter’
LONDON (Reuters) – A former Barclays trader accused of conspiring to rig a global interest rate said a promise to name a colleague in a book and to invite him to his bar in return for help in setting Libor was “just banter”.
Charter Communications completes purchase of Time Warner Cable
WASHINGTON (Reuters) – Charter Communications Inc said Wednesday it has completed its acquisition of Time Warner Cable Inc and Bright House Networks LLC, creating the second-largest U.S. broadband provider and third-largest pay TV provider.
