Global economy worries prompt Fed to hold rates steady
WASHINGTON (Reuters) – The U.S. Federal Reserve kept interest rates unchanged on Thursday in a bow to worries about the global economy, financial market volatility and sluggish inflation at home, but left open the possibility of a modest policy tighten…
Wall Street ends down after choppy session; Fed holds rates
(Reuters) – Major Wall Street indexes gave up a 1-percent rally to end lower on Thursday after the Federal Reserve cited concerns about global economic growth in its decision to hold off on raising interest rates.
Altice expands in U.S. with $17.7 billion Cablevision deal
PARIS (Reuters) – Altice NV , one of the most acquisitive European telecoms groups, made a major move into the U.S. market on Thursday with a deal to buy fourth-largest operator Cablevision Systems Corp for $17.7 billion including debt.
Sales from organic U.S. farms reached $5.5 billion last year: USDA
CHICAGO (Reuters) – Sales from organic U.S. farms reached $5.5 billion last year, a 72 percent increase from 2008, the U.S. Agriculture Department said in a report on Thursday that highlighted the consumer trend toward such products.
Cablevision’s prospective owner talks tough on bloated salaries
NEW YORK (Reuters) – If you earn more than $300,000 at cable operator Cablevision Systems Corp , watch out – your new boss-in-waiting has his eye on you.
Fed decision unlikely to calm markets, fund managers say
NEW YORK (Reuters) – The global market volatility that upended investors over the last six weeks may last deep into autumn now that the Federal Reserve has decided to keep interest rates unchanged, several equity and fixed income portfolio managers sai…
Back to basics, and beyond: automakers seek to counter China slowdown
XI’AN, China (Reuters) – As China’s economy loses pace and car sales flatline, automakers are having to redouble their efforts to squeeze every dollar from their dealerships – beefing up after-sales and financing services that are a staple in more deve…
U.S. jobless claims at eight-week low; housing starts take breather
WASHINGTON (Reuters) – The number of Americans filing new applications for unemployment benefits fell last week to the lowest level in eight weeks, suggesting the labor market continued to strengthen despite the recent tightening in financial market co…
Saab CEO says trainer bid could spur co-operation with Boeing
LONDON (Reuters) – Sweden’s Saab is confident of selling training jets to the U.S. Air Force, but believes its bidding partnership with Boeing could lead to further co-operation whoever wins the $11 billion contest, its chief executive said.
American Airlines working to recover from flight delays
(Reuters) – American Airlines on Thursday said it was working to get customers in the air after technical problems caused it to halt flights to three of its hub airports.
