Wall Street gains on Yellen comments and Yahoo; BofA falls
NEW YORK (Reuters) – Stocks rose 1 percent on Wednesday, advancing for a third straight session as Federal Reserve Chair Janet Yellen reaffirmed the central bank’s commitment to keeping interest rates low and Yahoo rallied.
Citigroup shuns digital webcast for its shareholder meeting
NEW YORK (Reuters) – Citigroup Inc , which aspires “to become the world’s digital bank”, will not webcast its annual meeting next week in St. Louis.
Leash on expenses helps AmEx counter muted user spending
(Reuters) – American Express Co’s quarterly profit beat analysts’ average estimate as a tighter control on expenses helped make up for slower growth in consumer spending in its key U.S. market.
GM to seek court protection against ignition lawsuits
(Reuters) – General Motors Co said it would ask a U.S. court to bar lawsuits related to actions before its 2009 bankruptcy, signaling a tougher stance toward legal claims stemming from its recent recall over faulty ignition switches.
U.S. Chamber says non-union groups could reshape labor relations
WASHINGTON (Reuters) – The biggest U.S. business lobbying group is warning the nation’s employers that labor relations could be reshaped by non-union labor groups that are backing high-profile efforts to raise wages and mandate paid sick leave.
Loud in a crowd: Nissan range gets grille makeover
BEIJING (Reuters) – Japanese carmaker Nissan Motor Co is going for a facelift to stand out from the crowd.
Weak U.S. prices, not inflation, the threat now: Fed’s Yellen
NEW YORK (Reuters) – Persistently low inflation poses a more immediate threat to the U.S. economy than rising prices, Federal Reserve Chair Janet Yellen said on Wednesday, stressing that the U.S. central bank would be delivering policy stimulus for som…
Google first-quarter revenue misses Wall Street targets
SAN FRANCISCO (Reuters) – Google Inc’s first-quarter revenue fell short of Wall Street targets and margins narrowed as the price of its ads continued to decline, pushing its shares sharply lower.
Lululemon’s status as yogawear’s top dog at risk
NEW YORK (Reuters) – Still hurting from last year’s see-through yoga pants debacle, Lululemon Athletica Inc is about to face a new headache: stepped up competition from rival yoga retailers, department stores and hot new brands.
AT&T threatens to sit out U.S. spectrum auction over rules
WASHINGTON (Reuters) – AT&T Inc has threatened to sit out a major U.S. auction of airwaves if regulators reserve some of the spectrum for smaller rivals, the No. 2 wireless company said in a filing released on Wednesday.
