Starbucks Americas traffic ticks up in holiday quarter, new COO named
(Reuters) – Starbucks Corp on Thursday said traffic to its Americas-region stores perked up during the holiday quarter, easing investor jitters about slower growth and boosting shares over 4 percent in after-hours trading.
Fed’s solo act gets tougher with ECB, others in stimulus mode
WASHINGTON (Reuters) – Federal Reserve policymakers, already struggling to assure investors that they remain on track for a mid-year interest rate rise, will find the task has just become harder with their peers in Europe and elsewhere headed in the op…
Dollar General could look to smaller acquisitions for growth
(Reuters) – Dollar General Corp could make smaller acquisitions and build its store footprint to better compete with Dollar Tree Inc , which is poised to become the largest discount retailer after its acquisition of Family Dollar Stores Inc .
JPMorgan’s Dimon got no hike in 2014, was paid cash bonus
(Reuters) – JPMorgan Chase & Co’s Jamie Dimon’s compensation in 2014 stayed unchanged at $20 million, but the chief executive officer got a cash bonus, something he was not awarded in 2013.
ECB launches 1 trillion euro rescue plan to revive euro economy
FRANKFURT (Reuters) – The European Central Bank took the ultimate policy leap on Thursday, launching a government bond-buying program which will pump hundreds of billions in new money into a sagging euro zone economy.
Wall St. gains after ECB stimulus move; banks lead
NEW YORK (Reuters) – U.S. stocks rose to session highs ahead of the close on Thursday after the European Central Bank announced larger than expected measures to stimulate the region’s sagging economy.
Bankers say big is beautiful, safe and economic
DAVOS (Reuters) – Europe’s bankers defended the big bank model this week in Davos as the mounting cost of regulation puts a question mark over its future.
Oil settles lower after large U.S. inventory build
NEW YORK (Reuters) – Crude oil prices pared early losses but still settled lower on Thursday after a government report showed the biggest build in U.S. crude inventory in at least 14 years.
UBS defeats lawsuit over late Indonesian statesman’s accounts
NEW YORK (Reuters) – UBS AG has won dismissal of a lawsuit accusing it of seizing billions of dollars from inactive accounts over the past 30 years, including assets of the late Indonesian statesman and United Nations General Assembly President, Adam M…
U.S. fines Wells Fargo, JPMorgan over ‘illegal mortgage kickbacks’
WASHINGTON (Reuters) – U.S. and state regulators ordered Wells Fargo and JPMorgan Chase to collectively pay $35.7 million on Thursday to settle charges that they participated in an illegal marketing kickback scheme with a now-defunct title company.
