Toy business attracts private equity as kids go green and retro
NEW YORK (Reuters) – Striding confidently through Matty’s Toy Stop in Manhasset, New York, Catie Tepedino, 7, is the sort of consumer who may hold the fate of the U.S. toy business in her own little fists.
Slow apps, low battery life limit appeal of Apple Watch: reviewers
(Reuters) – Apple Inc’s “beautiful” and “stylish” smartwatch could make life easier for people on the move, reviewers say, but the gadget gets poor marks for battery life and slow-loading apps.
Fed’s Dudley says June rate hike still in play despite weak first quarter data
NEW YORK (Reuters) – New York Federal Reserve President William Dudley said on Wednesday the Fed could still hike rates in June despite a weak start to the year, if economic data pick up over the next two months.
U.S. regulators end stall-related probe of Fiat Chrysler minivans
DETROIT (Reuters) – U.S. safety regulators said on Wednesday they had ended an investigation into stalling problems in older model Fiat Chrysler Automobiles minivans, saying the issues would not likely lead to crashes.
Sunday telephone call sparked $70 billion Shell-BG deal
LONDON (Reuters) – Sometimes it takes little more than five people to put together a $70 billion oil mega-merger.
Scores of flights halted by French air control strike
PARIS (Reuters) – Airlines canceled scores of flights in and out of France on Wednesday because of a two-day stoppage by air traffic controllers upset over work conditions and plans to raise their retirement age to 59 from 57.
Austrian probe of Hypo bank scandal gets off to rocky start
VIENNA (Reuters) – Austria’s probe into collapsed lender Hypo Alpe Adria began on Wednesday in a welter of wrangling over how much of the investigation into the country’s worst post-war financial scandal should be made public.
U.S. regulator grants American Airlines, US Airways single certificate
(Reuters) – American Airlines and US Airways were given a single operating certificate from U.S. regulators, marking a milestone in their integration since the carriers merged in December 2013, parent American Airlines Group Inc said.
Powell, citing crisis damage, says rate hikes to proceed gradually after liftoff
WASHINGTON (Reuters) – Federal Reserve Governor Jerome Powell said on Wednesday he would be willing to start raising U.S. interest rates even at current low levels of inflation, but said the central bank should proceed slowly from then on to ensure con…
U.S. office space rent rises at fastest clip in a decade: report
NEW YORK (Reuters) – Stepped-up business hiring pushed the rental price of U.S. office space up 3.1 percent in the first quarter, the highest quarterly gain in a decade, as demand for commercial real estate accelerated, according to Jones Lang LaSalle …
