Britain’s Sainsbury’s boosts pay on shop floor
LONDON (Reuters) – British supermarket chain Sainsbury’s will hand its 137,000 non-management store staff their highest pay increase in more than a decade this month, it said on Thursday, lifting its basic pay above the recently announced national livi…
Ackman says Pershing Square down for the year after markets drop
BOSTON (Reuters) – Billionaire investor William Ackman, one of last year’s best performing hedge fund managers, is now losing money after the recent market plunge wiped out a double-digit gain.
Wal-Mart to stop selling AR-15, other semi-automatic rifles
(Reuters) – Wal-Mart Stores Inc , the United States’ top seller of guns and ammunition, said on Wednesday it would stop selling the AR-15 and other semi-automatic rifles because of sluggish demand and focus instead on “hunting and sportsman firearms.”
Wall Street chalks up biggest gain in four years
(Reuters) – Wall Street racked up its biggest one-day gain in four years on Wednesday as fears about China’s economy gave way to bargain hunters emboldened by expectations the U.S. Federal Reserve might not raise interest rates next month.
Market turmoil makes September rate hike ‘less compelling’: Fed’s Dudley
NEW YORK (Reuters) – A Federal Reserve interest rate hike next month seems less appropriate given the threat posed to the U.S. economy by recent market turmoil, an influential Fed official said on Wednesday in the clearest sign that fears of a Chinese …
Wall Street is for sale – but is it cheap?
NEW YORK (Reuters) – During more than a week of stock market sell-offs, investors have been exhorted to use declines to pick up bargains – and with a 7.7 percent drop on the S&P 500 since August 17, stocks have certainly gotten less expensive.
Ten automakers are sued in U.S. over ‘deadly’ keyless ignitions
(Reuters) – Ten of the world’s biggest automakers were sued on Wednesday by U.S. consumers who claim they concealed the risks of carbon monoxide poisoning in more than 5 million vehicles equipped with keyless ignitions, leading to 13 deaths.
Schlumberger to buy oilfield gear maker Cameron in $14.8 billion deal
(Reuters) – Schlumberger Ltd will buy equipment maker Cameron International Corp for $14.8 billion, as the world’s top oilfield services firm scrambles to offer a broader range of products at lower prices to oil companies slashing budgets.
Monsanto drops pursuit of Swiss agribusiness rival Syngenta
(Reuters) – U.S. agribusiness leader Monsanto Co. on Wednesday abandoned pursuit of Swiss rival Syngenta AG , which had rejected a recently sweetened $47 billion offer.
Global stock markets diverge, commodities fall as China jitters persist
NEW YORK (Reuters) – Wall Street advanced on Wednesday while European shares and commodities fell as investors balanced strong U.S. economic data and policy comments with fears about China’s slowing economy.
