Pentagon still cold to big defense mergers: Northrop CEO
WASHINGTON (Reuters) – Even in an era of shrinking U.S. military spending, the U.S. Defense Department remains reluctant to see further consolidation among big U.S. weapons makers, Northrop Grumman Corp Chief Executive Wes Bush said on Wednesday.
American Express to cut more than 4,000 jobs
(Reuters) – American Express Co will cut more than 4,000 jobs this year, an executive said, after the credit card company also reported higher quarterly expenses and provisions for bad loans.
Wall Street up on ECB bets but details, IBM cap gains
NEW YORK (Reuters) – U.S. stocks edged up in a choppy Wednesday session as traders digested reports that new stimulus would be announced by the European Central Bank at its Thursday meeting, while declines in IBM limited gains.
Canada surprise rate cut keeps housing party going
TORONTO (Reuters) – A surprise move by the Bank of Canada to cut interest rates on Wednesday could reignite Canada’s housing market and renew fears of a bubble, just as the market had finally begun to cool after a five-year run to record prices.
SanDisk warns of weak first half of 2015, hurt by lean inventory
(Reuters) – Memory chipmaker SanDisk Corp forecast current-quarter and full-year 2015 revenue well below Wall Street expectations, saying it would be unable to meet demand for flash memory storage chips until mid-year due to lean inventory levels.
S&P to pay $77 million to settle U.S. civil charges over ratings
WASHINGTON/NEW YORK (Reuters) – Standard & Poor’s will pay $77 million and be barred for one year from rating commercial mortgage-backed securities, in an unprecedented settlement with U.S. and state regulators who accused the U.S. credit rating agency of misleading investors.
Kinder Morgan to buy Hiland Partners for $3 billion
HOUSTON (Reuters) – Leading pipeline company Kinder Morgan Inc will buy Hiland Partners, a pipeline and logistics company founded by Continental Resources Inc Chief Executive Officer Harold Hamm, for $3 billion, the company said on Wednesday.
ECB to decide on bond-buying plan for reviving euro zone economy
FRANKFURT (Reuters) – The European Central Bank is poised to announce a plan on Thursday to buy government bonds, resorting to its last big policy tool for breathing life into the flagging euro zone economy and fending off deflation.
American Express says to cut more than 4,000 jobs
(Reuters) – More than 4,000 employees of American Express Co will lose their jobs over the next year as part of a restructuring program at the credit card company, a spokeswoman said.
EBay may sell enterprise unit ahead of PayPal split
SAN FRANCISCO (Reuters) – E-commerce company eEbay Inc on Wednesday announced an agreement with activist investor Carl Icahn that will give investors a greater say in its PayPal payments unit once it is spun off and said it exploring a sale or public o…
