Brazil risks recession as central bank bucks global trend, raises rate
SAO PAULO/BRASILIA (Reuters) – Brazilian President Dilma Rousseff’s crusade to win back investor confidence has entrusted policymakers with the tough mission of hiking interest rates while major central banks cut them, raising the prospect of another r…
Ousted Sanofi CEO gets 4.44 million euro severance package
PARIS (Reuters) – European pharmaceuticals group Sanofi on Thursday said it had agreed to pay 4.44 million euros ($5.06 million) in total to ousted chief executive Chris Viehbacher.
Teamsters lose another vote at FedEx Freight facility
CHICAGO (Reuters) – FedEx Corp said on Thursday the Teamsters have lost a ballot among drivers at a FedEx Freight facility in West Virginia, the latest blow to the union’s campaign to organize workers at the package delivery company.
ECB quantitative easing probably won’t bring inflation up to target: economists
(Reuters) – The European Central Bank’s plan to buy sovereign bonds won’t be enough to bring inflation up to target, according to a slim majority in a Reuters poll of 45 economists taken after its more than 1 trillion euro program was announced.
Verizon posts higher revenue; wireless margins narrow
(Reuters) – Verizon Communications Inc said on Thursday that quarterly revenue rose 6.8 percent as it added more customers during the competitive holiday season but profit margins narrowed in its wireless business due to pricing and promotions.
Icahn nominates two directors to Gannett’s board
(Reuters) – Activist investor Carl Icahn nominated two directors to USA Today publisher Gannett Co Inc’s board and pushed for changes in the company’s corporate governance practices.
Family Dollar shareholders approve Dollar Tree deal
(Reuters) – Family Dollar Stores Inc’s shareholders approved the discount retailer’s deal to be bought by Dollar Tree Inc , scuppering a higher hostile offer from larger rival Dollar General Corp .
RBC CEO sees no need for big acquisitions after City National deal
TORONTO (Reuters) – Royal Bank of Canada is in no rush to do more acquisitions now that its $5.4 billion deal for City National Corp gives it a platform to expand in U.S. wealth management and commercial banking, RBC’s chief executive said.
BMW, Volkswagen join with ChargePoint to build EV fast-charging stations
DETROIT (Reuters) – German automakers BMW and Volkswagen are joining with ChargePoint to build a U.S. network of fast-charging stations for electric cars and plug-in hybrid vehicles, the companies said Thursday.
Cadillac says small SUV at least four years away
WASHINGTON (Reuters) – General Motors Co’s Cadillac brand is at least four years away from introducing a small sport-utility vehicle which is a critical part of expansion plans, the brand’s president said on Thursday.
