Fed’s Mester unmoved, says U.S. to overcome ‘soft patch’
NEW YORK (Reuters) – The U.S. economy remains sound and will overcome recent market turbulence, allowing the Federal Reserve to continue tightening its monetary policy as planned, a top Fed official said on Thursday.
U.S. House approves limits on investigating banks for fraud ties
WASHINGTON (Reuters) – The U.S. House of Representatives passed legislation on Thursday that would curb a Justice Department initiative aimed at cutting off perpetrators of fraud from the banking system.
News Corp’s revenue falls for fourth quarter in a row
(Reuters) – News Corp’s revenue fell for the fourth quarter in a row, hurt by a stronger dollar and dwindling advertising revenue in its core news and information business, which includes the Wall Street Journal.
Obama to seek new tax on oil in budget proposal
WASHINGTON (Reuters) – U.S. President Barack Obama will launch a long-shot bid next week to impose a $10-a-barrel tax on crude oil that would fund the overhaul of the nation’s aging transportation infrastructure, the White House said on Thursday.
Unpaid and angry, some Chinese workers ditch holidays to protest
QIAN’AN/DONGGUAN, China (Reuters) – This year, laborer Fan Fu and 20 or so colleagues working on the Zixia Garden apartment complex in Hebei province have not joined China’s legion of migrant workers returning home to celebrate new year with their fami…
U.S. stocks rise for second day; materials a boost
(Reuters) – A jump in materials shares helped U.S. stocks eke out a second straight day of gains on Thursday, though disappointing forecasts from retailers and anxiety ahead of Friday’s jobs report limited the advance.
Smirking Shkreli refuses lawmakers’ questions, calls them ‘imbeciles’
WASHINGTON/NEW YORK (Reuters) – Former drug executive Martin Shkreli smirked and brushed off questions about drug prices then tweeted that lawmakers were imbeciles on Thursday, when he appeared at a U.S. congressional hearing against his will.
U.S. small businesses boost hiring in January: NFIB
WASHINGTON (Reuters) – U.S. small businesses stepped up hiring in January after taking a pause in December and many continued to point to difficulty finding qualified workers, a survey showed on Thursday.
Toymakers Mattel, Hasbro held talks on possible merger: Bloomberg
(Reuters) – U.S. toymakers Mattel Inc and Hasbro Inc have held talks about a possible merger, Bloomberg reported on Thursday, citing people familiar with the matter.
Delta CEO-designate: Zika has not impacted flight bookings
(Reuters) – The rapidly spreading Zika virus has not impacted bookings on Delta Air Lines Inc to Latin America and the Caribbean, its president and CEO-designate said on Thursday, but added that customers’ future plans were tough to predict.
