Fed should beef up low-rate vows, two officials say
FARGO, North Dakota/BANGOR, Maine (Reuters) – The U.S. Federal Reserve ought not to raise interest rates until the economy is much closer to full strength, two of the Fed’s most dovish policymakers said on Tuesday.
Starbucks to relocate European headquarters to UK from Netherlands: The Times
(Reuters) – Starbucks Corp said it decided to move its European headquarters to the United Kingdom from the Netherlands following criticism over its low tax payments in Britain last year, The Times reported.
GM CEO ‘agonized’ over putting two engineers on paid leave
NEW YORK (Reuters) – General Motors Co Chief Executive Mary Barra said she “agonized” over last week’s decision to put two GM engineers on paid leave pending the outcome of an investigation into faulty ignition switches linked to at least 13 deaths.
Senators press Delphi for answers on recalled GM cars
WASHINGTON (Reuters) – Lawmakers probing how General Motors used faulty ignition switches in many vehicles are turning their scrutiny to the supplier of the part, Delphi Automotive.
Intel’s quarterly net beats Street, CEO talks up tablets
SAN FRANCISCO (Reuters) – Intel Corp’s first-quarter net profit exceeded Wall Street’s estimates as the chipmaker wrestles with slow demand for personal computers and its chief executive officer said an ambitious goal to stake out market share in table…
Yahoo’s growth anemic as turnaround chugs along
SAN FRANCISCO (Reuters) – Yahoo Inc barely managed to expand its core advertising business in the first quarter despite Chief Executive Marissa Mayer’s two-year effort to revive growth at the Internet pioneer.
GM to launch product development group focused on safety
NEW YORK (Reuters) – General Motors Co. will create a new global product integrity organization that will focus on product safety and quality, said GM Chief Executive Mary Barra in a speech on Tuesday.
After two bumper years, Toyota braces for shift to slower growth
TOYOTA CITY, Japan/TOKYO (Reuters) – Toyota Motor Corp is set to post record growth for the year just ended – with a likely $10 billion surge in operating profit – but the mood at its HQ in Japan’s prosperous automotive heartland is cautious as executi…
Wall Street ends higher as blue chips rally; Intel up late
NEW YORK (Reuters) – U.S. stocks ended a volatile session higher on Tuesday, lifted by gains in such blue-chip names as Coca-Cola and Johnson & Johnson, though persistent weakness in momentum names limited the Nasdaq’s advance.
Exclusive: Turmoil at Symantec luring activists, buyers – sources
NEW YORK (Reuters) – The abrupt firing of Symantec Corp Chief Executive Steve Bennett last month is attracting activist investors and private equity firms to the U.S. security software maker, in a development that could potentially lead to its breakup …
