Don’t assume newest Fed policymaker is a look-alike hawk
CLEVELAND (Reuters) – The newest Federal Reserve policymaker is probably not as hawkish as her background suggests, and Loretta Mester’s expertise in financial markets and inflation could make a splash as the U.S. central bank reverses its most accommo…
Exclusive: U.S. companies seek cyber experts for top jobs, board seats
NEW YORK (Reuters) – Some of the largest U.S. companies are looking to hire cybersecurity experts in newly elevated positions and bring technologists on to their boards, a sign that corporate America is increasingly worried about hacking threats.
Fed’s George wants rate hikes soon, and not too gradual
PALO ALTO, Calif. (Reuters) – Kansas City Federal Reserve Bank President Esther George said Thursday she is open to leaving the U.S. central bank’s balance sheet big even as it withdraws accommodation, a comment that reveals the extent of uncertainty a…
Asian shares ride Wall Street optimism, dollar slips
TOKYO (Reuters) – Asian shares edged higher on Friday, catching a lift from another record close on Wall Street, while the dollar groaned under the pressure of slumping U.S. yields.
Hedge fund manager charged in Carter’s insider trading probe
NEW YORK (Reuters) – A New Jersey hedge fund manager pleaded not guilty on Thursday to charges he traded on inside information about the children’s clothing company Carter’s Inc, according to court papers.
Japan consumer spending, factory output skid after sales tax hike
TOKYO (Reuters) – Japan’s household spending in April fell at the fastest rate in three years in a sign that consumption could be slow to recover from an increase in the nationwide sales tax, raising questions over the pace of economic recovery.
Siemens to eliminate 11,600 positions: Bloomberg
(Reuters) – Siemens AG’s chief executive said the European giant will cut 11,600 positions as the company reduces costs by about 1 billion euros ($1.36 billion), Bloomberg reported on Friday.
S&P 500 sets another record closing high on growth bets
NEW YORK (Reuters) – The S&P 500 index climbed to its third record closing high in four sessions on Thursday as traders shrugged off data that showed the economy shrank in the first quarter and bet on improvement in the second quarter.
Ford recalls nearly 1.4 million vehicles in North America
DETROIT (Reuters) – Ford Motor Co said on Thursday it is recalling 1.39 million SUVs and sedans in North America, most for the possible loss of power steering.
Wells Fargo to pay $62.5 million to settle securities lending lawsuit
NEW YORK (Reuters) – Wells Fargo & Co has agreed to pay $62.5 million to settle claims from a group of institutional investors that the bank improperly advertised a risky securities lending program as safe.
