Yellen takes case for Fed’s easy money policies to the public
CHICAGO (Reuters) – Federal Reserve Chair Janet Yellen on Monday took a page from a politician’s playbook to defend the U.S. central bank’s easy-money policies, citing the struggles of three Americans in a speech and touring a college workshop to shake…
Macy’s chief merchant named president in possible succession move
NEW YORK (Reuters) – Macy’s Inc said on Monday it promoted its chief merchandising officer, Jeffrey Gennette, to president of the company, in a move that positions him to potentially become the retailer’s next chief executive.
Japan diaper shortage shows how China demand can relieve tax pain
(Reuters) – For evidence that Japan’s economy could avoid a steep decline after a sales tax increase takes effect on Tuesday, consider diaper sales.
Caterpillar’s Swiss unit dodged $2.4 billion of U.S. taxes: Senate panel
WASHINGTON (Reuters) – Caterpillar Inc avoided paying $2.4 billion in U.S. taxes from 2000 through 2012 by moving profits from sales of replacement parts through a low-tax unit it set up in Switzerland, a congressional panel said on Monday.
Aston Martin in talks with Mercedes-Benz for its first SUV: report
(Reuters) – Luxury sports car maker Aston Martin is in discussions with Mercedes-Benz over building its first SUV and hopes to have the SUV in showrooms within three to four year, the Financial Times reported, citing sources.
Macy’s chief merchant named president in possible succession move
NEW YORK (Reuters) – Macy’s Inc on Monday said it promoted its chief merchandising officer, Jeffrey Gennette, to president of the company, in a move that potentially positions him to become chief executive.
Republican Paul Ryan to unveil U.S. budget plan on Tuesday
WASHINGTON (Reuters) – U.S. Representative Paul Ryan on Tuesday plans to unveil a 10-year balanced budget plan that seeks to bolster Republicans’ campaign credentials as the party of fiscal prudence but also leaves them open to fresh attacks over deep …
Macy’s head merchant promoted to president
(Reuters) – Macy’s Inc on Monday said that Chief Merchandising Officer Jeffrey Gennette has been named president of the department store chain, effectively immediately.
N.Y. regulators say MetLife to pay $60 million for violations
NEW YORK (Reuters) – Insurer MetLife will pay $60 million because two subsidiaries solicited insurance business in New York without a license, New York authorities said on Monday.
GM CEO to testify company to expand replacement switch output
WASHINGTON (Reuters) – General Motors Co Chief Executive Mary Barra will testify on Tuesday that the No. 1 U.S. automaker is sorry for the pain caused by the defective ignition switches linked to at least 13 deaths and has asked its supplier to boost p…
