Politics nothing to do with curbing big banks: Fed’s Kashkari
NEW YORK (Reuters) – The newest Federal Reserve policymaker dismissed concerns that his call for radical action to rein in “too big to fail” banks was a partisan move, and instead said on Wednesday it highlighted the U.S. central bank’s independence fr…
Exclusive: Amazon expanding deliveries by its ‘on-demand’ drivers
SAN FRANCISCO (Reuters) – Amazon.com Inc is quietly inviting drivers for its new “on-demand” delivery service to handle its standard packages, as the online retailer known for low prices and razor-thin profit margins looks to speed up delivery times an…
Lockheed says withdraws protest of Oshkosh U.S. truck contract
WASHINGTON (Reuters) – Lockheed Martin Corp on Wednesday said it had withdrawn its protest in federal court of a $6.75 billion contract awarded by the U.S. Army to Oshkosh Corp for 17,000 new armored vehicles to replace the Humvee.
Wal-Mart aims to improve scheduling for U.S. workers
(Reuters) – Wal-Mart Stores said on Wednesday it would start offering fixed shifts and unveiled other details of planned scheduling changes aimed at retaining and motivating its rank-and-file workers.
Wall St. rallies for third session, led by energy shares
(Reuters) – U.S. stocks tallied their third straight session of gains on Wednesday, led by energy shares as oil prices jumped, while better-than-expected economic data helped allay growth fears.
Global downturn spurred Fed to consider changing rate path: minutes
WASHINGTON (Reuters) – Federal Reserve policymakers worried last month that a global slowdown and financial market selloff could hurt the U.S. economy and considered changing the central bank’s planned interest rate hike path for 2016.
Apple Pay takes on China’s internet kings in mobile payments
BEIJING (Reuters) – Apple Inc launched its mobile payment system in China on Thursday in a bid to convince the hundreds of millions of users of the country’s entrenched, dominant services to switch.
IEX to critics of its U.S. exchange bid: ‘We stand by our words’
NEW YORK (Reuters) – IEX Group struck back on Wednesday at critics of its bid to become a U.S. stock exchange, including the New York Stock Exchange and BATS Global Markets, which have accused their potential rival of skewing facts to help win approval…
Judge blocks Madoff victims’ $11 billion lawsuit vs Picower estate
NEW YORK (Reuters) – Victims of Bernard Madoff’s fraud cannot pursue a Florida lawsuit to recover $11 billion from the estate of Jeffry Picower, who they say helped perpetuate the swindler’s Ponzi scheme, a Manhattan bankruptcy judge ruled on Wednesday…
Yahoo to shut down digital magazines
(Reuters) – Yahoo Inc said on Wednesday it would shut down its digital magazines as part of a plan to simplify its business.
