Fed confident on U.S. growth, opens door wider to rate hike
WASHINGTON (Reuters) – The Federal Reserve on Wednesday offered a strong signal that it was on track to raise interest rates sometime next year, altering a pledge to keep rates near zero for a “considerable time” in a show of confidence in the U.S. eco…
Chevron cancels Canadian Arctic drilling as oil prices slide
CALGARY, Alberta (Reuters) – Chevron Corp is putting a plan to drill for oil in the Beaufort Sea in Canada’s Arctic on hold indefinitely because of what it called “economic uncertainty in the industry” as oil prices fall.
Airbus reshuffle prepares planemaker for record jet output
PARIS (Reuters) – A management reshuffle at Airbus this week marks another step towards focusing Europe’s biggest aerospace company on industrial performance rather than the political interests of key shareholders France and Germany, industry sources s…
U.S. consumer prices fall on gasoline; rate hike likely in 2015
WASHINGTON (Reuters) – U.S. consumer prices recorded their biggest drop in nearly six years in November as gasoline prices tumbled, but did little to change views the Federal Reserve would start raising interest rates in mid-2015.
Top Herbalife salesman acknowledges high failure rate in video
BOSTON (Reuters) – A top Herbalife salesman said that most people who sell the company’s weight loss and nutrition products are doomed to fail, adding fresh grist to accusations by a hedge fund manager that the company is a fraud.
Wall Street rallies after Fed statement; S&P has best day this year
NEW YORK (Reuters) – The S&P 500 scored its best day since October 2013 on Wednesday as the Federal Reserve gave an upbeat assessment of the economy and said it would take a patient approach toward lifting interest rates.
Boeing to make 754 commercial jet deliveries in 2015: trade group
SEATTLE (Reuters) – Boeing Co will deliver a record 754 commercial aircraft in 2015, an increase of up to 5.5 percent, the U.S. Aerospace Industries Association forecast on Wednesday, reflecting expectations of steadily rising production at the world’s…
Oil surges in about-face as some bet sub-$60 Brent won’t last
NEW YORK (Reuters) – World oil prices jumped as much as 6 percent on Wednesday before closing off their peaks as weeks of nearly non-stop selling abruptly halted, and traders said failure to break below key chart support levels meant a long rout may be…
Russian ruble firms sharply as government pressures exporters
MOSCOW (Reuters) – Russia’s ruble strengthened sharply on Wednesday after dramatic falls on the previous two days as the government pressured exporters not to hoard foreign-currency earnings and the central bank announced new measures to support financ…
FedEx profit misses expectations; stock down
CHICAGO (Reuters) – FedEx Corp on Wednesday posted lower-than-expected quarterly earnings as results at its FedEx Ground and FedEx Freight units missed estimates, and it reiterated an outlook analysts consider conservative, sending its stock down nearl…
