Conviction for U.S. inflation rise strengthens: Reuters poll
WASHINGTON (Reuters) – Low U.S. inflation is slowly advancing and will reach 2 percent by late this year, according to a Reuters poll of economists that underscores how the Federal Reserve may soon come under increasing pressure to raise interest rates…
JPMorgan Chase pledges $100 million to aid Detroit recovery
(Reuters) – JPMorgan Chase & Co announced a $100 million, five-year commitment on Wednesday to help spur bankrupt Detroit’s economic recovery.
Exclusive: New York regulator probes Ocwen over reports of homeowner gag rule
(Reuters) – New York banking regulator Benjamin Lawsky said on Wednesday he is looking into reports Ocwen Financial Corp is requiring struggling homeowners to agree not to criticize the company in public if they want to have a mortgage modified.
Tiffany raises forecast as new jewelry collections sparkle
(Reuters) – Tiffany & Co raised its full-year profit forecast after the jewelry chain reported better-than-expected quarterly results as new collections drove sales in the United States, its biggest market.
BP oil spill lawsuit in U.S. wins class-action status
(Reuters) – A U.S. judge has allowed a group of BP Plc shareholders to pursue a class-action lawsuit accusing the company of misleading them by understating the severity of the 2010 Gulf of Mexico oil spill.
McDonald’s workers descend on headquarters ahead of annual meeting
(Reuters) – Fast-food workers from three dozen U.S. cities on Wednesday will protest at the headquarters of McDonald’s Corp , calling for a significant wage hike, as company shareholders also prepare to weigh in on the pay of the fast-food giant’s top …
Former Deutsche Telekom CEO in talks for job at U.S. buyout firm: source
FRANKFURT (Reuters) – The former chief executive of Deutsche Telekom is in talks to take a job as a senior adviser with U.S. buyout group General Atlantic, a person familiar with the negotiations told Reuters on Wednesday.
Netflix to launch in six more European countries this year
LOS ANGELES/BRUSSELS (Reuters) – Netflix Inc will launch its online movie and TV subscription service in six more European countries including France and Germany this year, a test of its global expansion strategy as it faces a patchwork of local rules …
Monte Paschi shareholders approve 5-billion euro share sale
SIENA (Reuters) – Shareholders in Italy’s Monte dei Paschi di Siena approved a proposal to boost the size of an upcoming share sale to 5 billion euros ($6.9 billion) to help it absorb a hit on its finances it expects from a Europe-wide bank health chec…
Dash for cash drives Airbus versus Boeing jet revamps
BERLIN (Reuters) – Drained by their contest to create the carbon-fiber wonder jet, Airbus and Boeing are observing a truce in futuristic new developments while they refill their coffers with makeovers of older but reliably profitable models.
