Oil, stocks go their separate ways
NEW YORK (Reuters) – Investors have wrung their hands over the last several weeks over the effect of lower oil prices on the broader S&P 500, but the relationship between the two is actually starting to break down.
Fed’s Williams sees June 2015 ‘reasonable’ for rates liftoff
SAN FRANCISCO (Reuters) – U.S. inflation will likely still be “well below” the Federal Reserve’s 2-percent target next year, but that won’t stop the central bank from raising interest rates, a top policymaker said on Friday.
Thai Union Frozen to buy U.S. tuna firm Bumble Bee for $1.5 billion
BANGKOK (Reuters) – Thai Union Frozen Products PCL , the world’s biggest producer of canned tuna, has agreed to buy U.S. competitor Bumble Bee Seafoods for $1.5 billion as part of a plan to double revenue through overseas acquisitions.
Family Dollar to delay shareholder vote on Dollar Tree deal: CNBC
(Reuters) – Family Dollar Inc will delay a shareholder vote on the potential acquisition by Dollar Tree Inc , CNBC said, citing sources.
Sears Canada speeding up investments in turnaround effort: CEO
TORONTO (Reuters) – Sears Canada Inc is stepping up spending on areas like its website and profitable merchandise categories, while looking to exit unprofitable product lines as part of its turnaround plan, the retailer’s new acting chief executive sai…
Washington closes out last big position in Wall Street bailout
WASHINGTON (Reuters) – The United States closed out its last big investment taken on during a 2008 bailout of U.S. banks and automakers, selling its remaining shares in the former financing arm of General Motors, the U.S. Treasury said on Friday.
BlackBerry third-quarter revenue falls more than expected, shares drop
TORONTO (Reuters) – BlackBerry Ltd on Friday reported a bigger-than-expected drop in third-quarter revenue, sending shares of the struggling smartphone maker lower, even as it eked out a small adjusted profit and began generating cash flow again.
Consumers can sue Target Corp over data breach: judge
(Reuters) – A U.S. judge has cleared the way for consumers to sue Target Corp over the retailer’s late 2013 data breach that they say compromised their personal financial information.
Russia’s parliament rushes through bill boosting banking capital
MOSCOW (Reuters) – Russia’s lower house of parliament hastily approved a draft law on Friday that would give the banking sector a capital boost of up to 1 trillion rubles ($16.5 billion).
Fed creating ‘unacceptable’ risks to inflation: Kocherlakota
(Reuters) – The Federal Reserve is creating “unacceptable” downside risks to U.S. inflation by signaling it will gradually remove monetary stimulus next year despite low inflation, Minneapolis Federal Reserve Bank Narayana Kocherlakota said on Friday.
