Fed officials fretted over investor reaction to rate forecasts: minutes
WASHINGTON/SAN FRANCISCO (Reuters) – Federal Reserve officials fretted last month that investors would overreact to policymakers’ fresh forecasts on interest rates that appeared to map out a more aggressive cycle of rate hikes than was actually anticip…
Ally Financial IPO priced at $25 per share: underwriter
(Reuters) – Ally Financial Inc’s initial public offering has been priced at $25 per share, an underwriter said, valuing the bailed-out auto lender at about $12.04 billion.
Fairfax’s Watsa says BlackBerry a good long-term investment
TORONTO (Reuters) – Struggling smartphone maker BlackBerry Ltd is a good long-term investment that is being unfairly punished by the stock market, the chief executive of the company’s top shareholder said on Wednesday.
U.S. lawmakers press Comcast on Time Warner Cable merger
WASHINGTON (Reuters) – Comcast Corp and Time Warner Cable Inc executives sought to reassure lawmakers on Wednesday that their planned merger would not send cable TV prices skyrocketing but found a fair amount of congressional skepticism.
Global PC shipments fall for eighth straight quarter
SAN FRANCISCO (Reuters) – Global personal computer shipments fell in the first three months of 2014, the eighth straight quarter of decline, although the industry got a boost from companies replacing aging computers, according to two market research fi…
HP pays $108 million to settle foreign bribery probes
WARSAW/WASHINGTON (Reuters) – Hewlett-Packard agreed to pay $108 million to resolve wide-ranging U.S. government investigations into whether some of its foreign units bribed government officials to obtain lucrative contracts, U.S. officials said on Wed…
U.S. House panel to look at aluminum prices, warehousing
WASHINGTON (Reuters) – A U.S. congressman on Wednesday urged the U.S. commodity regulator to take a tougher stance on the London Metal Exchange as it struggles to resolve a year-long controversy over inflated prices and distorted supplies of aluminum.
Energy firms to Fed: Hands off banks’ commodity trading
NEW YORK (Reuters) – Energy companies are mounting a last-ditch effort to prevent the Federal Reserve from cracking down on physical commodity trading by major Wall Street banks, saying more restriction may further damage liquidity and raise hedging co…
Goldman Sachs committed to Brazil operations, COO Cohn says
BRASILIA (Reuters) – Goldman Sachs Group Inc is committed to maintaining its investment-banking operations in Brazil as part of its global footprint, Chief Operating Officer Gary Cohn said on Wednesday.
Fed still missing on goals, should be ‘aggressive’: Evans
(Reuters) – The U.S. Federal Reserve has been too timid in its efforts to bring employment and inflation back up to normal levels, despite more than five years of extraordinarily super-easy policy, a top Fed official said on Wednesday.
