Exclusive: Viacom to allow vote on expanding shareholder rights
BOSTON (Reuters) – Viacom Inc will allow investors to vote in March on a proposal to extend voting rights to all shareholders, though the measure is certain to fail as it is opposed by executive chairman Sumner Redstone’s holding company.
After dreadful week, stocks look for reason to bounce
NEW YORK (Reuters) – Investors who were bloodied in the year-opening stock rout will be hard pressed to find any salve next week.
Mazda recalls 374,000 vehicles for Takata airbag defects
WASHINGTON (Reuters) – Mazda Motor Corp said Friday it will recall 374,000 U.S. vehicles linked to potentially defective front passenger- side airbags made by Takata Corp .
Wall Street expects March hike, China a wild card: poll
(Reuters) – Wall Street’s top banks say the Fed is likely to raise rates by March, but subsequent rate increases will be slow, particularly if China devalues its currency at a rapid rate in 2016.
VW blasted for shielding emissions documents from U.S. probe
(Reuters) – Three U.S. state attorneys general criticized Volkswagen AG on Friday for citing German law to withhold documents from a group of states investigating the German automaker’s use of illegal diesel emissions software.
Oil prices dip, erasing earlier gains; down 10 percent on week
NEW YORK (Reuters) – Crude oil prices erased earlier gains Friday to fall for a fifth day and were poised for a weekly decline of 10 percent amid global oversupply and a bleak demand outlook that made it hard to guess when the market would find a floor…
Faster U.S. economic growth would require quicker rate hikes: Fed’s Lacker
BALTIMORE (Reuters) – Richmond Federal Reserve President Jeffrey Lacker on Friday said persistently strong economic growth would need to be met with more aggressive interest rate hikes by the U.S. central bank.
Fed’s Williams: four rate hikes in 2016 ‘not baked in the cake’
SANTA BARBARA, Calif. (Reuters) – The Federal Reserve is set to raise U.S. interest rates four times this year if the economy continues to grow, core measures of inflation stabilize, and unemployment continues to drop, a top Fed official said on Friday…
Robust U.S. payrolls brighten economic outlook
WASHINGTON (Reuters) – U.S. payrolls surged in December and the job count for the prior two months was revised sharply higher, showing the economy on solid ground despite a troubling international backdrop.
Wall St. bets on Apple bounceback despite iPhone shipment worries
(Reuters) – Apple Inc has lost about $50 billion of its market value in the first four days of the year, but Wall Street brokerages remained confident the stock would bounce back.
