Fed will want more uncertainty on rates after hike: Bullard
FORT SMITH, Ark. (Reuters) – The U.S. Federal Reserve will want more uncertainty surrounding possible interest rate moves on a meeting-by-meeting basis after an initial rate hike, St. Louis Fed President James Bullard said on Friday.
Dudley says Fed should ‘soon’ be ready to raise rates
HEMPSTEAD, N.Y. (Reuters) – The Federal Reserve should “soon” be ready to raise interest rates as U.S. central bankers grow confident that low inflation will rebound and that employment remains stable, William Dudley, the influential head of the New Yo…
Sprint to raise $1.1 billion from financing deal led by SoftBank
(Reuters) – Sprint Corp said it would raise about $1.1 billion in cash through a sale and lease-back deal with a company whose backers include Japan’s SoftBank Group Corp , the U.S. telecom company’s majority owner.
Snapchat’s lackluster ad business threatens $16 billion valuation
SAN FRANCISCO (Reuters) – Snapchat, maker of a free mobile app that lets users send videos and messages that disappear in seconds, is struggling to gain traction with advertisers, fuelling investor concern that its $16 billion valuation isn’t justified…
Fiat Chrysler U.S. unit redeems notes, replaces credit line
MILAN (Reuters) – The U.S. unit of Fiat Chrysler Automobiles will redeem secured senior notes maturing in 2021 for $3.08 billion and terminate an undrawn $1.3 billion revolving credit facility as the carmaker seeks to gain full access to the subsidiary…
Abercrombie & Fitch sales decline slows as turnaround takes hold
(Reuters) – Abercrombie & Fitch Co’s quarterly same-store sales fell less than expected and its profit more than doubled as the teen apparel retailer boosted gross margin by offering fewer promotions and controlling costs.
U.S. judge dismisses Rio Tinto lawsuit against Vale
BRASILIA/NEW YORK (Reuters) – A U.S. judge on Friday dismissed Rio Tinto’s lawsuit accusing rival Vale and others of conspiring to misappropriate its mining rights in the Simandou region in Guinea.
Hyundai to recall about 305,000 cars in U.S. for brake pedal issues
(Reuters) – Hyundai Motor Co will recall nearly 305,000 vehicles in the United States to replace the brake pedal stopper pad, according to the National Highway Traffic Safety Administration (NHTSA).
Wal-Mart scrimped on hiring as store space grew rapidly
CHICAGO (Reuters) – Wal-Mart has been dogged by criticism of the standard of its stores in recent years, including long checkout lines and insufficient stocking of its shelves. A Reuters analysis of the giant discount retailer’s growth and its employee numbers may help explain why.
Volkswagen faces pressure in U.S. to buy back older diesel cars
(Reuters) – Volkswagen , which is set to provide detailed plans to fix vehicles that do not comply with U.S. emissions standards, faced more pressure on Thursday from officials in Washington and California to buy back older diesel cars.
