Fed’s Kaplan: four hikes not a sure thing in 2016
Dallas (Reuters) – Four U.S. interest-rate hikes are “not baked in the cake” for the Federal Reserve this year, particularly given global stock market volatility set off by fears over a cooling Chinese economy, a top Fed official said on Monday.
Icahn buying up Time Warner shares: sources
(Reuters) – Billionaire activist investor Carl Icahn is building an equity stake in Time Warner Inc , people familiar with the matter said on Monday.
Detroit’s auto industry is changed, but not as Washington planned
DETROIT (Reuters) – When U.S. President Barack Obama visits Detroit’s annual auto show on Jan. 20, exactly one year before he leaves office, he is expected to tout how much the industry has changed since he orchestrated a federally funded rescue in 2009.
Investors sue company rescued by Shkreli for return of $5 million
SAN FRANCISCO (Reuters) – Investors who backed a biotechnology company led by executive Martin Shkreli are suing to get back the $5.4 million they had invested just hours before his arrest, according to court papers.
VW may buy back some cars in emissions scandal: CEO on CNBC
FRANKFURT (Reuters) – German automaker Volkswagen may end up buying back some cars affected by the emissions scandal, its chief executive told CNBC in an interview.
United Airlines sales hurt by Paris attacks, weaker oil industry demand
(Reuters) – United Airlines said on Monday its passenger unit revenue may have fallen more than expected in the fourth quarter just ended, after the November attacks in Paris shook traveler demand and sharply lower oil prices hurt sales to the Houston …
Japan’s Asahi mulls possibilities after reports of bid for Grolsch, Peroni
TOKYO (Reuters) – Japan’S Asahi Group says it is exploring various possibilities after media reports this week said it will bid for Grolsch and Peroni, two beer brands owned by the U.K.-based Sabmiller PLC .
Unilever returns to Cuba in joint venture with state
HAVANA (Reuters) – Global consumer products company Unilever Plc will return to Cuba after a several-year absence, agreeing on Monday to build a $35 million soap and toothpaste factory in Cuba’s special development zone at the port of Mariel west of Ha…
Investors sue company rescued by Shkreli for return of $5 million
SAN FRANCISCO (Reuters) – Investors who backed a biotechnology company led by executive Martin Shkreli are suing to get back the $5.4 million they had invested just hours before his arrest, according to court papers.
Exclusive: U.S., major automakers to announce safety accord Friday – sources
DETROIT (Reuters) – The U.S. government and a group of leading global automakers are set to announce a ground-breaking voluntary agreement at the Detroit auto show on Friday aimed at dramatically improving the industry’s safety, according to company of…
