U.S. retailers benefit from warmer April as sales bounce back
NEW YORK (Reuters) – Spring was in full swing for some U.S. retailers, with shoppers spending again in April after the weather warmed up.
Could take 5-8 years to shrink Fed portfolio: Yellen
NEW YORK/WASHINGTON (Reuters) – The U.S. Federal Reserve is in no rush to decide the appropriate size of its balance sheet, but if it ultimately shrinks it to a pre-crisis size, the process could take the better part of a decade, Fed Chair Janet Yellen…
Wall St. ends mostly lower; Nasdaq down for third session
NEW YORK (Reuters) – U.S. stocks mostly fell on Thursday with the S&P 500 and the Nasdaq closing lower, led by losses in the energy and utility sectors.
Target’s first misstep in Canada may have been wrong footprint
TORONTO (Reuters) – Target Stores Inc’s problems in Canada may have started with its first step: deciding to occupy the premises of a failed discount chain that didn’t have the panache Canadians anticipated they would find in a retailer renowned for it…
Barclays axes 19,000 jobs, reins in Wall Street ambitions
LONDON (Reuters) – Britain’s Barclays reined in its ambitions to be a Wall Street powerhouse on Thursday and signaled a return to its retail roots with a plan to hive off much of its investment bank and axe one in four jobs at the division.
Glencore Xstrata names ex-BP boss Hayward as chairman
LONDON (Reuters) – Glencore Xstrata confirmed Tony Hayward as permanent chairman of the mining and commodities trading group, sealing the former BP chief executive’s comeback from the worst offshore oil spill in U.S. history.
Boeing’s jetliner deliveries slowed in April
NEW YORK (Reuters) – Boeing Co’s pace of commercial airplane deliveries slowed to 56 in April, or 10 fewer than the month before, keeping it under the target needed to meet its annual delivery forecast.
Swedish PM worried Pfizer would cut AstraZeneca jobs: report
STOCKHOLM (Reuters) – Swedish Prime Minister Fredrik Reinfeldt said he was worried Swedish jobs at AstraZeneca could be lost if its U.S. rival Pfizer succeeds in buying it, Swedish news agency TT reported.
GM recalls about 8,500 Buick, Chevy cars for brake problem
DETROIT (Reuters) – General Motors Co said on Thursday it has recalled 8,590 Buick and Chevrolet sedans in North America to address a potential braking problem.
UK research foundation concerned about Pfizer bid for AstraZeneca: FT
(Reuters) – Wellcome Trust, Britain’s biggest medical research foundation said it had “major concerns” about U.S. drug major Pfizer’s 63 billion pound offer for AstraZeneca , the Financial Times reported.
