Fed’s Dudley sees ‘relatively slow’ rate hike cycle
NEW YORK (Reuters) – The Federal Reserve should be able to raise interest rates slowly when it eventually tightens monetary policy given that slack in the U.S. economy is restraining inflation, a top official at the central bank said on Tuesday.
Schroders, Fidelity reveal investor split as Astra rejects Pfizer
LONDON (Reuters) – Some leading AstraZeneca Plc shareholders were at odds over whether the British drugmaker made the right decision in rejecting Pfizer Inc’s final $118 billion bid to buy the company.
Target replaces president of money-losing Canadian unit
TORONTO (Reuters) – Target Corp has fired the president of its money-losing Canadian operation and named a long-time U.S. executive with operational experience to try to repair its supply chain woes and win back customers.
Wall Street watchdog prepares to launch data collection plan in 2015
WASHINGTON (Reuters) – Wall Street’s industry-funded watchdog aims to build and launch the initial phases of a mammoth broker data collection system in 2015, assuming it secures approval for the plan, the regulator’s head said on Tuesday.
Exclusive: Virgin America flight attendants seek unionization vote
SEATTLE (Reuters) – Flight attendants at Virgin America airlines are seeking a vote on whether to unionize, according to an official at the Transport Workers Union (TWU), in a move that could pave the way for organized labor’s latest victory in the air…
Areva says nuclear reactor sales target may slip by one-two years
PARIS (Reuters) – Areva’s chief executive softened his forecast that the French state-controlled nuclear group would sell 10 reactors by 2016, saying it would be no problem if that deadline slips by a year or two.
GM recalls another 2.6 million vehicles, doubles second-quarter charge
DETROIT (Reuters) – General Motors Co said on Tuesday it is recalling another 2.6 million vehicles globally, raising the number of vehicles it has recalled so far this year to almost 15.4 million.
Bank of England’s Bean sees echoes of crisis build-up in markets
LONDON (Reuters) – Low levels of volatility in financial markets are “eerily reminiscent” of the run-up to the financial crisis, even as central banks face the challenge of unwinding their huge stimulus programs, a Bank of England policymaker said.
Metro chairman backs CEO in dispute over Media-Saturn
BERLIN/DUESSELDORF (Reuters) – The chairman of German retailer Metro AG has defended Chief Executive Olaf Koch against criticism of his handling of a power struggle with the founder of the group’s electronics chain Media-Saturn.
U.S. rejects challenge to $13 billion JPMorgan Chase settlement
(Reuters) – The U.S. government urged a federal judge to throw out a lawsuit seeking to scuttle its landmark $13 billion settlement with JPMorgan Chase & Co, rejecting a claim that the accord let the largest U.S. bank off too easily.
