Yellen stays the course, says Fed to keep trimming stimulus
WASHINGTON (Reuters) – Janet Yellen, fresh from taking the helm of the Federal Reserve, made it clear on Tuesday she would not make any abrupt changes to U.S. monetary policy, saying the central bank was on track to keep reducing its stimulus even thou…
House passes clean one-year debt limit increase
WASHINGTON (Reuters) – The House of Representatives, by a narrow margin, on Tuesday passed clean legislation raising the government’s borrowing authority for one year in order to avoid a default that was looming at the end of this month.
New, Fiat-based Jeep Cherokee ‘half-baked’: Consumer Reports
DETROIT (Reuters) – Chrysler Group LLC’s newly redesigned Jeep Cherokee falls short of the hype, Consumer Reports magazine said on Tuesday, citing the sport utility vehicle for a choppy ride and clumsy handling.
Relief over debt ceiling, Fed lift Wall Street for fourth day
NEW YORK (Reuters) – Wall Street rose for a fourth straight session on Tuesday as Congress agreed to advance legislation extending U.S. borrowing authority and the Federal Reserve’s new chief held off from making any changes to its schedule for trimmin…
Lloyds to bulk up bonus pool by nearly 10 percent: Sky
(Reuters) – State-backed Lloyds Banking Group is handing out 395 million pounds ($651.12 million) in bonuses for last year, including an award of just under 2 million pounds to its chief executive, Sky News reported, without citing sources.
Analysis: Wall Street’s best-kept secret may be earnings growth
NEW YORK (Reuters) – Investors can’t blame the stock market’s bumpy ride so far this year on S&P 500 earnings, which could end the reporting period with the best quarterly growth in more than two years.
Porsche to hit 200,000 car-sales target years ahead of plan: CEO
LEIPZIG, Germany (Reuters) – Porsche expects to hit a target of selling more than 200,000 sports cars next year, three years earlier than originally scheduled, as the brand keeps pushing into sport-utility vehicles, Chief Executive Matthias Mueller sai…
BofA says it can boost profitability of wealth management business
(Reuters) – Bank of America Corp believes it has ample room to increase the profitability of its wealth management division, an executive said on Tuesday.
Ono board clears stock market plan, defers Vodafone offer
MADRID/LONDON (Reuters) – Directors of Spain’s largest cable operator, Ono, on Tuesday agreed to push ahead with their plan to list the company on the stock market and deferred a takeover approach from Britain’s Vodafone , a source with knowledge of th…
Daimler says to pursue cost cuts beyond 2 billion euro initial goal
GRANADA, Spain (Reuters) – Germany’s luxury auto maker Daimler will pursue deeper cost cuts than an initially targeted 2 billion euro in savings by 2014 as a way to raise profits at its Mercedes car division, Chief Executive Dieter Zetsche said on Tues…
