Fed raises interest rates, citing ongoing U.S. recovery
WASHINGTON (Reuters) – The Federal Reserve hiked interest rates for the first time in nearly a decade on Wednesday, signaling faith that the U.S. economy had largely overcome the wounds of the 2007-2009 financial crisis.
JPMorgan to settle U.S. charges over asset unit’s disclosures
WASHINGTON (Reuters) – JPMorgan Chase & Co is expected to strike a settlement with U.S. regulators on Friday to resolve charges over failing to disclose that it preferred putting clients into some of its own funds and other proprietary products, according to people familiar with the matter.
Oil down second day running on fresh supply build, dollar spike
NEW YORK (Reuters) – Oil prices fell as much as 2 percent on Thursday, with Brent trading near 11-year lows, as data showing fresh supply builds at the delivery point for U.S. crude futures added to worries about a global glut.
Apple supplier’s light forecast exacerbates iPhone jitters
SAN FRANCISCO (Reuters) – Concerns are deepening on Wall Street about potential weakness in iPhone shipments following a light revenue forecast from one of Apple’s suppliers.
Apple names Jeff Williams COO, a job once held by Tim Cook
SAN FRANCISCO/BENGALURU (Reuters) – Apple Inc promoted longtime executive Jeff Williams to the role of chief operating officer, reinstating the title previously held by Chief Executive Tim Cook, as part of a series of changes to the company’s leadershi…
AB InBev seeks quick sales for Peroni and Grolsch: sources
LONDON (Reuters) – Anheuser-Busch InBev , which has agreed to buy rival brewer SABMiller , plans to contact potential bidders for SABMiller’s Grolsch and Peroni beers on Friday and wrap up deals in less than three months, sources close to the process s…
State lender says doesn’t rule out investing in Telecom Italia
ROME (Reuters) – Italian state lender Cassa Depositi e Prestiti does not rule out investing in Telecom Italia if talks between the latter and CDP-controlled firm Metroweb over joining forces to build an ultrafast nationwide fiber optic network succeeds…
PayPal boosts maternity leave, sick time for U.S. employees
NEW YORK (Reuters) – Electronic payment company PayPal Holdings Inc said on Thursday it will increase its paid maternity and sick leave programs and offer time off for U.S. employees to volunteer and care for ill family members.
Delta says fourth-quarter passenger unit revenue to fall less than expected
(Reuters) – Delta Air Lines Inc said it expected its passenger revenue per available seat mile (PRASM) to decline about 2 percent in the current quarter, less than it had expected.
Ding-dong: Cerberus comes calling at Avon with $605 million investment
(Reuters) – Avon Products Inc said Cerberus Capital Management LP would take a 16.6 percent stake in the company and buy 80.1 percent of its North American business, in a $605 million deal that throws a lifeline to the struggling cosmetics maker.
