Fed’s Lockhart sees rate hike at least six months after QE3 end
ATLANTA (Reuters) – The U.S. Federal Reserve will probably wait to hike interest rates until at least six months after it ends its bond-buying stimulus program, a top Fed official said on Tuesday.
Asia’s hottest property market is also its most unlikely: North Korea
SEOUL (Reuters) – One of the world’s fastest developing property markets is also in one of its least likely places – North Korea.
Target missed many warning signs leading to breach: U.S. Senate report
WASHINGTON (Reuters) – Target Corp missed multiple opportunities to thwart the hackers responsible for the unprecedented holiday shopping season data breach, U.S. Senate staffers charged in a committee report released on Tuesday.
Madoff trustee sees victims’ payout nearing $6 billion
NEW YORK (Reuters) – Former customers of Bernard Madoff will have recouped nearly $6 billion of their money if a federal bankruptcy judge approves the latest payout request by the trustee liquidating the swindler’s firm.
Struggling, Malaysian Airline may need government bailout
SINGAPORE/KUALA LUMPUR (Reuters) – Even before the loss of its Flight MH370, Malaysian Airline System (MAS) was bleeding cash, prompting talk that it may need another financial rescue from state investor Khazanah Nasional Bhd, its majority shareholder….
Third Point sues Sotheby’s over poison pill
BOSTON (Reuters) – Daniel Loeb’s Third Point on Tuesday sued Sotheby’s to remove poison pill restrictions that block the hedge fund from acquiring up to 20 percent of the auction house’s stock.
Rate rise only when Fed certain U.S. recovery well under way: Fisher
NEW YORK (Reuters) – The Federal Reserve will keep interest rates near zero until it is confident the U.S. economic recovery has taken hold, a top Fed policymaker said in an interview on Tuesday, reinforcing the central bank’s view that there would be …
Herbalife launches website to counter pyramid scheme claims
BOSTON (Reuters) – Weight loss and nutrition company Herbalife launched a website on Tuesday that details its business practices and counters claims made by billionaire investor William Ackman that it is running an illegal pyramid scheme.
Honda, Toyota to roll out fuel-cell cars in 2015: Nikkei
(Reuters) – Honda Motor Co Ltd and Toyota Motor Corp plan to launch fuel-cell vehicles in the consumer market in 2015, with each producing about 1,000 eco-friendly cars a year, the Nikkei newspaper reported.
Rate rise only when Fed certain U.S. recovery well under way: Fisher
NEW YORK (Reuters) – The Federal Reserve will keep interest rates near zero until it is confident the U.S. economic recovery has taken hold, a top Fed policymaker said in an interview on Tuesday, reinforcing the central bank’s view that there would be …
