Warburg Pincus leads investment in college big data firm Civitas
(Reuters) – Private equity firm Warburg Pincus LLC [WP.UL] said on Monday it has agreed to lead a $60 million investment round in Civitas Learning, an Austin, Texas-based startup that uses data analytics to help universities improve graduation rates.
Fed to ‘probably’ hike this year, hit inflation target by 2016: Dudley
NEW YORK (Reuters) – New York Federal Reserve Bank President William Dudley said on Monday the Fed remains on track for a likely rate hike this year and could reach its inflation target next year, faster than many other policymakers anticipate.
U.S. consumer spending rises; core inflation firms slightly
WASHINGTON (Reuters) – U.S. consumer spending grew briskly in August and a key measure of inflation firmed a bit, signs of strength in America’s domestic economy that could lead the Federal Reserve to tighten interest rates despite weakness abroad.
GE to move engine plant to Canada as U.S. trade bank languishes
WASHINGTON (Reuters) – General Electric Co said on Monday it will move production of large, gas-powered engines to Canada from Waukesha, Wisconsin, along with 350 jobs, because the company cannot access financing through the U.S. Export-Import bank.
U.S. pending home sales decline in August
WASHINGTON (Reuters) – Contracts to buy previously owned U.S. homes decreased in August, indicating the robust housing market could be losing some steam.
Horizonte acquires Glencore’s Brazil nickel project for $8 million
(Reuters) – Horizonte Minerals said on Monday it had bought Glencore’s Araguaia nickel project in Brazil for $8 million.
Chipotle says U.S. pork supply problem coming to an end
(Reuters) – Chipotle Mexican Grill Inc is closing the book on its carnitas crisis of 2015.
Shell pulls the plug on Arctic exploration
LONDON (Reuters) – Royal Dutch Shell has abandoned its Arctic search for oil after failing to find enough crude in a move that will appease environmental campaigners and shareholders who said its project was too expensive and risky.
Steelmaker SSI UK to mothball Redcar plant, cut about 1,700 jobs
LONDON (Reuters) – Britain’s second largest steelmaker SSI UK said on Monday it will mothball its Redcar iron and steelmaking plant in north east England, and will reduce its workforce by about 1,700 employees.
Global stocks, dollar subdued at start of heavy data week
LONDON (Reuters) – World stocks and the dollar saw cautious starts on Monday to a week that will that provide readings on the health of the U.S. jobs market, China’s economy and Europe’s efforts to kick-start inflation.
