AT&T to take $130 million charge related to voluntary retirement
(Reuters) – AT&T Inc said it expected to take a charge of about $130 million in the current quarter, related to the voluntary retirement of nearly 3,000 employees by March 31.
Dollar rally sinks oil; Brent down more than U.S. crude
NEW YORK (Reuters) – A rallying dollar sent oil prices sharply lower on Tuesday, with Brent falling more than U.S. crude as players took profits on recent highs in Brent’s premium, traders said.
Worker group presses Target to boost hourly wage
(Reuters) – A women’s group has started a campaign calling on Target Corp to raise its hourly wages, as pressure builds on retailers to follow Wal-Mart Stores Inc in boosting worker pay.
S&P 500 posts worst day in two months on rate worries
NEW YORK (Reuters) – U.S. stocks dropped on Tuesday, giving the S&P 500 its biggest decline in two months, on increasing views the Federal Reserve may raise rates as soon as June.
Exclusive: UBS poaches Bank of Montreal oil banking team – sources
(Reuters) – UBS AG has poached a U.S. team of 15 oil and gas investment bankers from Canada’s fourth largest bank, Bank of Montreal (BMO) , marking a shift in power in the energy banking market, according to people familiar with the matter.
Credit Suisse poaches Prudential’s Thiam for Asian push
ZURICH/LONDON/HONG KONG (Reuters) – Credit Suisse has swooped on Prudential boss Tidjane Thiam to lead the Swiss bank in a push to manage more of the wealth held by Asia’s fast growing club of multi-millionaires.
Nasdaq looks different 15 years after its peak: then and now
(Reuters) – Happy anniversary, Nasdaq. It has been 15 years since the dot.com bubble peaked on March 10, 2000, and the Nasdaq composite index hit its lifetime intraday high of 5,132. Back then many of us were watching reality TV shows like “Survivor” a…
Exclusive: KKR nears $2 billion deal for Air Medical – sources
(Reuters) – KKR & Co LP is in advanced talks to acquire Air Medical Group Holdings Inc in a deal that could value the U.S. helicopter ambulance company at around $2 billion, including debt, according to people familiar with the matter.
U.S. wholesale inventories rise; labor market tightening
WASHINGTON (Reuters) – U.S. wholesale inventories unexpectedly rose in January as sales recorded their biggest decline since 2009, lifting the number of months it would take to clear warehouses to its highest level in more than 5-1/2 years.
Higher tax bill eats into Barnes & Noble’s profit
(Reuters) – Barnes & Noble Inc’s quarterly profit widely missed analysts’ estimates as the bookstore chain paid more tax and invested in its college books business ahead of its planned spinoff.
