Top Wall St. firms now see Fed liftoff in September: poll
New York (Reuters) – A majority of Wall Street’s top banks now see the Federal Reserve holding off until at least September before raising interest rates for the first time since 2006 after the U.S. central bank on Wednesday downgraded its assessment o…
Citigroup CEO affirms commitment to 2015 performance targets
NEW YORK (Reuters) – Citigroup Inc is committed to meeting its 2015 performance targets for return on assets and efficiency, Chief Executive Officer Mike Corbat said on Wednesday.
Target to lift minimum wage to $9 an hour, matching rivals
(Reuters) – Target Corp next month will raise the minimum wage for all of its workers to $9 an hour, matching moves made by rivals including Wal-Mart Stores Inc and TJX Cos , a source familiar with the matter said.
Wall St. surges as Fed statement relieves rate worries
NEW YORK (Reuters) – U.S. stocks rallied on Wednesday after the Federal Reserve suggested a less aggressive timeline for raising interest rates even as it opened the door for the first hike in almost a decade.
Alibaba investors face lock-up battered but largely unbowed
NEW YORK (Reuters) – As Alibaba was preparing to sell shares to U.S. investors for the first time, Jerry Verseput tried to persuade his clients not to throw money at the giant China-based e-commerce company because he thinks IPOs are a gamble, especial…
General Mills resumes U.S. growth, but without help from cereals
NEW YORK (Reuters) – General Mill Inc , which owes its return to growth in the United States to its purchase of organic macaroni-and-cheese maker Annie’s Inc and the popularity of its yogurt, faces a challenge with its traditional cereal brands.
Mexican retailer Walmex to slow expansion plans in 2015
MONTERREY (Reuters) – Wal-Mart de Mexico , the country’s biggest retailer, will expand more slowly this year, and instead focus on making sure new stores generate more money, Chief financial Officer Rafael Matute said on Wednesday.
Low adaptability to Russian consumers, ruble fall behind demand drop for GM products: RIA
MOSCOW (Reuters) – Low adaptability to Russian consumer needs as well as the fall in the ruble have been the main reasons behind a decline in demand for General Motors products in Russia, RIA news agency quoted the industry and trade ministry as saying…
Exclusive: Canada regulator probing TransCanada over safety allegations
OTTAWA (Reuters) – Canada’s energy regulator is investigating up to a dozen new allegations of natural gas pipeline safety-code violations at TransCanada Corp , according to documents reviewed by Reuters.
Starbucks to debut delivery in Manhattan, Seattle this year
(Reuters) – Starbucks Corp will begin offering delivery in New York City and Seattle later this year, when it also plans to expand mobile order and pay services across the United States.
