Fed leans on big balance sheet to soften rate hike impact
SAN FRANCISCO (Reuters) – Federal Reserve policymakers appear to have succeeded in their push last month to convince investors the central bank will hold on to its $4.5-trillion portfolio at least until next year, a Fed survey showed on Thursday.
TransCanada legal challenges over Keystone pipeline face long odds
WASHINGTON (Reuters) – TransCanada Corp faces a rocky legal path as it seeks to overturn President Barack Obama’s denial of its Keystone XL pipeline or at least recoup some of its lost investment in the multibillion dollar project.
Dow, S&P off to worst four-day Jan start ever as China fears grow
(Reuters) – U.S. stocks sold off further on Thursday, giving the Dow and S&P 500 their worst four-day starts to a year ever, dragged down by another drop in Chinese equities and oil prices at 12-year lows.
Hyundai says to make Santa Fe SUV at Alabama plant
DETROIT (Reuters) – Hyundai Motor Co said on Thursday it will begin production of the Santa Fe Sport model at its Montgomery, Alabama, plant in the early summer as it seeks to increase supply for the hot-selling crossover SUV segment of the U.S. market…
Ex-Qwest CEO Nacchio wins $14 million verdict vs Goldman unit, law firm says
(Reuters) – Joseph Nacchio, the former Qwest Communications International [CTLQW.UL] chief executive, has won a $14.2 million jury verdict against a Goldman Sachs Group Inc unit and financial adviser over the sale of life insurance policies, his law fi…
Dow, S&P off to worst four-day Jan start ever as China fears grow
(Reuters) – U.S. stocks sold off further on Thursday, giving the Dow and S&P 500 their worst four-day starts to a year ever, dragged down by another drop in Chinese equities and oil prices at 12-year lows.
United Air fined $2.75 million over treatment of disabled, tarmac delays
WASHINGTON (Reuters) – United Airlines was fined $2.75 million by the U.S. Transportation Department for violating rules governing tarmac delays and the assistance of passengers with disabilities, the agency said on Thursday.
TransCanada legal challenges over Keystone pipeline face long odds
WASHINGTON (Reuters) – TransCanada Corp faces a rocky legal path as it seeks to overturn President Barack Obama’s denial of its Keystone XL pipeline or at least recoup some of its lost investment in the multibillion dollar project.
Fed watching China stocks rout, Republicans slam yuan slump
WASHINGTON (Reuters) – The Federal Reserve was closely monitoring the sell-off in stocks that shook world markets on Thursday, while U.S. Republican presidential candidates took aim at Chinese policies they claimed are designed to gain a trade advantag…
Volkswagen CEO to hold high-level talks in Washington on emissions scandal
WASHINGTON (Reuters) – Volkswagen Chief Executive Matthias Mueller will meet with the top U.S. environmental regulator next week for the highest-level talks since the German automaker admitted to using software to evade emissions requirements for 580,0…
