Dollar, bond yields rise on U.S. rate hike bets
LONDON (Reuters) – The dollar jumped and world stocks were left flat-footed on Thursday after the Federal Reserve painted a relatively bright picture of the U.S. economy, boosting bets that it will hike interest rates in September.
GM’s South Korea workers approve wage deal, avoid strike
SEOUL (Reuters) – General Motors Co employees in South Korea voted in favor of a wage deal on Thursday, averting a strike for a second consecutive year in a country whose auto sector is renowned for industrial action.
Boeing may move work abroad with Ex-Im future uncertain: chairman
WASHINGTON (Reuters) – Boeing Co Chairman Jim McNerney on Wednesday said the aircraft maker is actively looking at moving “key pieces” of its operations to other countries given uncertainty about the future of the Export-Import Bank, whose charter expi…
House Speaker Boehner supports ending U.S. oil export ban
WASHINGTON (Reuters) – U.S. House of Representatives Speaker John Boehner on Wednesday expressed for the first time his support for repealing the 40-year-old ban on domestic crude oil exports, a move that could breathe new life into a bill in his chamb…
Facebook profit falls 9 percent as costs soar
(Reuters) – Facebook Inc reported quarterly revenue that beat forecasts but its profit fell 9 percent as the social media company sharply increased spending to boost mobile revenue and future growth.
ITG sets aside $20.3 million related to dark pool investigation
NEW YORK (Reuters) – Broker dealer Investment Technology Group said on Wednesday it set aside $20.3 million for a probable settlement with the U.S. Securities and Exchange Commission over rule violations related to its private stock trading venue.
Toshiba scandal puts focus on Japan’s cut-price company audits
HONG KONG (Reuters) – Toshiba Corp’s years-long practice of inflating its profits has raised questions among accounting experts about whether low fees paid by Japan-listed companies to their auditors mean they do not spend enough time scrutinizing comp…
Yelp needs help, and buyout may be the answer
(Reuters) – Selling itself could be one of the few options left for Yelp Inc , which is struggling to win advertising dollars in an increasingly crowded market that already includes Google Inc , TripAdvisor Inc and GrubHub Inc .
Merchants seek to void $6 billion Visa, MasterCard, AmEx settlements
NEW YORK (Reuters) – Dozens of retailers are seeking to void nearly $6 billion of U.S. antitrust settlements with Visa Inc , MasterCard Inc and American Express Co after learning that opposing lawyers exchanged confidential information, potentially tai…
Fed says economy improving; September rate hike in view
WASHINGTON (Reuters) – The U.S. economy and job market continue to strengthen, the Federal Reserve said on Wednesday, leaving the door open for a possible interest rate hike when central bank policymakers next meet in September.
