Wall Street flirts with record high levels as companies report
(Reuters) – Wall Street ended less than 2 percent short of a record-high close on Wednesday as a rebound in oil prices added to optimism sparked by a raft of earnings reports.
Trump leans toward replacing Fed chief if he wins White House
WASHINGTON (Reuters) – Republican presidential front-runner Donald Trump would be inclined to replace Federal Reserve Chair Janet Yellen if he wins the White House despite supporting the U.S. central bank’s efforts to keep interest rates low, he told F…
VW to pay each U.S. customer $5,000 to settle dieselgate: Die Welt
BERLIN (Reuters) – Volkswagen has reached a deal with U.S. authorities to settle the case over its cheating of diesel emissions tests that would involve it paying each affected customer $5,000, Germany’s Die Welt newspaper reported on Wednesday.
Yum sales at China restaurants rise 6 percent
(Reuters) – Yum Brands Inc’s sales at established restaurants in China accelerated in the first quarter as the restaurant company pursues a spinoff of that business, its top profit-driver, this year.
Daily Mail says may partner to bid for Yahoo
(Reuters) – The parent of Britain’s Daily Mail said on Wednesday it had not submitted it’s own bid to buy Yahoo Inc’s core Internet business, but was still in talks to partner with other suitors of the U.S. company.
Oil up 4 percent on small U.S. crude build, talk of another producer meeting
NEW YORK (Reuters) – Oil prices rose 4 percent on Wednesday after a smaller-than-expected build in U.S. crude inventories offset glut worries stirred by the end of a Kuwaiti strike, and as oil bulls bet that major crude producers would meet again to tr…
In riposte to Riyadh, Russia says ready to ramp up oil output
MOSCOW (Reuters) – Russia said on Wednesday it was prepared to push oil production to new historic highs, just days after a global deal to freeze output levels collapsed and Saudi Arabia threatened to flood markets with more crude.
Massachusetts regulator says State Street unit overcharged clients
BOSTON (Reuters) – Massachusetts’ top securities regulator on Wednesday alleged a unit of custody bank State Street Corp routinely overbilled customers for items such as messaging services, even as an executive worried one client might “discover that …
EU hits Google with second antitrust charge
BRUSSELS – The European Union charged Google on Wednesday with using its dominant Android mobile operating system to squeeze out rivals, opening a second front against the U.S. technology giant that could result in large fines.
VW to hike dieselgate provisions to double digit billion amount: sources
BERLIN (Reuters) – Volkswagen will raise its provisions to pay for an emissions cheating scandal to a double digit billion euros amount, from 6.7 billion ($7.6 billion) euros at present, two people familiar with the matter said on Wednesday.
