New York City pension funds moved $4.9 billion out of Pimco in 2014
NEW YORK (Reuters) – New York City’s pension funds last year pulled $4.9 billion from asset manager Pimco, the latest big investor to yank money from Pimco after the acrimonious exit of the firm’s top bond investor, Bill Gross, in September
Race to define car of the future shifts into high gear
LAS VEGAS/DETROIT (Reuters) – Automakers and Silicon Valley upstarts are kicking their efforts to define the car of the future into a higher gear, even though many of the players disagree about what that car should be.
Canada’s ARC Resources latest to cut budget as oil prices fall
CALGARY, Alberta (Reuters) – ARC Resources Ltd said on Wednesday it will cut an already reduced 2015 capital spending budget by nearly 15 percent as it joins other Canadian petroleum producers in tightening purse strings to cope with a 50 percent drop …
GM cuts price on most Cadillac CTS sedans amid weak demand
DETROIT (Reuters) – General Motors Co’s luxury Cadillac brand has cut the price most customers will pay for its 2015 CTS to counter slumping demand in the United States for the marquee sedan.
Oil snaps four-day losing streak after U.S. crude stockpiles drop
NEW YORK (Reuters) – Oil closed up on Wednesday for the first time in five days as traders took stock of the market’s rout after crude prices lost nearly 10 percent over two days and benchmark Brent fell to below $50 a barrel.
Fed looks past a world in turmoil, confident in U.S. recovery
WASHINGTON (Reuters) – U.S. central bankers have looked beyond a global deflation threat, fear of energy-sector bond defaults, and a surge of oil patch layoffs to reach what appears to be a firm conclusion: the U.S. recovery is here to stay.
Merkel says she wants Greece to stay in the euro zone
BERLIN/LONDON (Reuters) – Germany’s Angela Merkel played down the chances of a Greek exit from the euro zone on Wednesday, but made clear she expected Athens to stick to the terms of its international bailouts after this month’s election.
Fed pressed ahead with rate hike plan as it debated guidance
WASHINGTON (Reuters) – The U.S. Federal Reserve pressed ahead at its last policy-setting meeting with plans to begin raising interest rates later this year despite an apparently vigorous debate over how to communicate its intentions.
Fed pressed ahead with plan to raise rates as it debated guidance
WASHINGTON (Reuters) – The U.S. Federal Reserve pressed ahead at its last policy-setting meeting with plans to begin raising interest rates later this year despite an apparently vigorous debate over how to communicate its intentions.
Dick’s Sporting Goods explores going private: sources
NEW YORK (Reuters) – Dick’s Sporting Goods Inc is holding early-stage conversations with a handful of buyout firms about going private, according to people familiar with the matter.
