Feeling ignored, Fed jolts markets to prime them for lift-off
NEW YORK/SAN FRANCISCO/WASHINGTON (Reuters) – When the U.S. Federal Reserve tweaked its policy statement last week and put a December rate rise squarely back in play, it took a calculated gamble that reaching for an old and controversial policy tool wo…
Duke Energy profit rises on strong demand, low fuel costs
(Reuters) – Duke Energy Corp , the largest U.S. power company by generation capacity, reported a 5.5 percent rise in quarterly profit from continuing operations, driven by warmer-than-expected weather and lower fuel costs.
Adidas to intensify marketing drive as U.S. sales rebound
BERLIN (Reuters) – German sportswear company Adidas , trying to muscle into Nike’s home territory, plans to increase spending on marketing again after high-profile sponsorship deals and celebrity partnerships helped rekindle U.S. sales.
Takata shares sink by a quarter, more car makers may snub inflators
TOKYO (Reuters) – Shares in Japan’s Takata Corp slumped by a quarter on Thursday as more automakers considered no longer using its air bag inflators, casting further doubt on the future of the parts supplier at the center of a global recall crisis.
Dollar jumps as markets fix on December rate expectations
LONDON (Reuters) – The dollar surged to a three-month high and European and Asian stock markets dipped on Thursday as expectations hardened of the first rise in U.S. interest rates in almost a decade coming next month.
Mazda to stop using Takata air bag inflators containing ammonium nitrate
TOKYO (Reuters) – Mazda Motor Corp on Thursday said it would not use air bag inflators manufactured by Takata Corp containing ammonium nitrate in its new cars after such products were banned by U.S. regulators the previous day.
GM announces record China vehicle sales in October
BEIJING (Reuters) – General Motors Co said vehicle sales in China rose 15 percent to a record monthly high in October, underpinned by the Chinese government’s decision to cut taxes for smaller cars.
Fed’s Yellen sees possible December rate rise, gradual hiking path
WASHINGTON (Reuters) – Federal Reserve Chair Janet Yellen on Wednesday pointed to a possible December interest rate “liftoff” but said rates would rise only slowly from then on to nurture the U.S. economic recovery.
Southwest Airlines’ pilots reject tentative contract: union
(Reuters) – Pilots at Southwest Airlines Co have rejected a tentative contract with the U.S. budget carrier, their union said on Wednesday.
China woes hurt chipmaker Qualcomm’s profit forecast
(Reuters) – Qualcomm Inc forecast first-quarter profit way below analysts’ expectations as the chipmaker struggles against fierce competition from Chinese and Taiwanese rivals, and faces delays in closing new licensing agreements in China.
