Staples sales fall for eighth straight quarter
(Reuters) – Staples Inc reported its eighth straight decline in quarterly sales, highlighting the company’s need to seal its deal to buy Office Depot Inc as competition in the office supplies market intensifies.
BP drops bid to oust Gulf spill claims administrator
(Reuters) – BP Plc on Friday ended its bid to oust the administrator overseeing payouts to businesses and individuals claiming damages arising from the 2010 Gulf of Mexico oil spill, citing steps the administrator has taken to reduce the threat of frau…
At long last, Dow gets a taste for Apple
NEW YORK (Reuters) – Apple Inc , the largest U.S. company by market value, will join the Dow Jones industrial average , replacing AT&T Inc , in a change that reflects the dominant position of the iPhone maker in the U.S. consumer economy.
Wall Street firms more convinced of June rate hike: Reuters poll
NEW YORK (Reuters) – Many of Wall Street’s biggest banks are more convinced the Federal Reserve will raise interest rates in June after a strong February jobs report on Friday pointed to sustained economic growth and as the jobless rate hit a more than…
U.S. labor market flexes muscles as February payrolls soar
WASHINGTON (Reuters) – U.S. employers stepped up hiring in February and the jobless rate fell to its lowest level since the spring before President Barack Obama took office, which could put pressure on the Federal Reserve to raise interest rates in Jun…
Fiat Chrysler’s Marchionne earned 31.3 million euros in 2014
DETROIT (Reuters) – Fiat Chrysler Automobiles Chief Executive Sergio Marchionne earned 31.3 million euros ($34 million) last year, including a bonus for cementing a deal that created the world’s seventh-largest carmaker, a regulatory filing showed.
Oil in biggest weekly drop since January on dollar, rate-hike fear
NEW YORK (Reuters) – Crude oil prices closed down on Friday, with benchmark Brent losing its most in a week since January, as a resurgent dollar and fear of a U.S. rate hike diverted attention from the shrinking number of rigs drilling for oil in the U…
Tesla says Nevada battery plant on track despite report of delay
DETROIT (Reuters) – Tesla Motor Inc said on Friday that construction of its giant $5 billion battery plant in Nevada remains on schedule despite a newspaper report saying the electric carmaker’s project was delayed.
Greece sends EU reform list, more hurdles before early cash
ATHENS/BRUSSELS (Reuters) – Greece sent its euro zone partners an augmented list of proposed reforms on Friday but EU officials said several more steps were required before any release of aid funds to a country that Prime Minister Alexis Tsipras says h…
Nasdaq market share drops in fee and rebate cutting experiment
NEW YORK (Reuters) – Nasdaq OMX Group said on Friday its experiment in lowering exchange fees and rebates in 14 stocks has so far led to lower market share in those names on its exchange as many electronic market making firms sought higher rebates else…
