Wall Street ends flat, indexes post best week of 2016
(Reuters) – Wall Street ended little changed on Friday, as Applied Materials helped lift the tech sector and offset a renewed drop in oil prices, with major indexes capping their best week of the year.
Firming U.S. inflation keeps Fed rate hike on the table
WASHINGTON (Reuters) – Rising rents and healthcare costs lifted underlying U.S. consumer price inflation in January by the most in nearly 4-1/2 years, providing support for the view that the Federal Reserve could gradually raise interest rates this yea…
Canada likely to aid struggling Bombardier: government sources
OTTAWA (Reuters) – Canada will likely offer up to $1 billion in aid to ailing plane maker Bombardier Inc , according to senior government sources, though some in the ruling Liberal Party want to see the company make tough concessions around control.
S&P warns it may cut Icahn Enterprises to junk status, stock falls
BOSTON (Reuters) – U.S. ratings agency Standard & Poor’s warned on Friday it may cut the credit rating of billionaire investor Carl Icahn’s Icahn Enterprises to junk status after the portfolio absorbed heavy commodity sector losses in the last few months.
Google CEO to meet EU antitrust chief on February 25: sources
BRUSSELS (Reuters) – Google Chief Executive Sundar Pichai will meet Europe’s antitrust chief Margrethe Vestager next Thursday, two people familiar with the matter said on Friday.
Buffett’s Berkshire Hathaway avoids S&P rating downgrade
(Reuters) – Standard & Poor’s on Friday left its “AA” credit ratings for Warren Buffett’s Berkshire Hathaway Inc alone, saying the company’s growing diversification and “modest” financial risks meant a downgrade was not necessary.
Southwest Airlines’ ground staff approve wage-hike contract
(Reuters) – Southwest Airlines Co’s ground staff narrowly approved a tentative agreement, which includes pay raises of more than 20 percent over the five-year life of the contract, the union representing the workers said.
Dudley gets another five years atop New York Fed
NEW YORK (Reuters) – William Dudley has been reappointed as president of the Federal Reserve Bank of New York, as expected, giving him another five years as one of the U.S. central bank’s most influential policymakers.
Exclusive: Terex stops Konecranes merger integration work
(Reuters) – Terex Corp , the U.S. crane maker that has received a $3.3 billion acquisition offer from China’s Zoomlion , said on Friday it had halted all work on its integration with Finland’s Konecranes Abp .
Faster U.S. CPI inflation still not moving key dial for Fed
WASHINGTON (Reuters) – A rise in the barometer of consumer prices most familiar to Americans has failed to show up in an inflation measure closely watched by the Federal Reserve, making it unlikely the central bank will raise interest rates next month….
