Fed’s Lacker says tough to see pause in tapering ahead
WINCHESTER, Virginia (Reuters) – The U.S. Federal Reserve will probably keep reducing monthly asset purchases at its current pace and it would be hard to make the case for a pause in the tapering process, a senior Fed official said on Tuesday.
Boeing sees no bubble in 737 jetliner market
SEATTLE (Reuters) – Boeing Co said on Tuesday it sees no bubble in the market for 737 jetliners and that production could go to 60 a month at the current factory in Renton, Washington, though it was not clear it would go that high.
Rosneft beats 2013 net profit forecast after TNK-BP deal
MOSCOW (Reuters) – Rosneft , the Russian state oil major, on Wednesday posted a forecast-beating 51 percent rise in earnings last year after its $55 billion acquisition of Anglo-Russian oil venture TNK-BP.
Penney holiday sales rise; retailer has $2 billion in liquidity
(Reuters) – J.C. Penney Co Inc on Tuesday said comparable sales rose 2 percent during the holiday quarter, reporting its first three-month period of growth in two years.
Cisco, Google sign patent agreement
(Reuters) – Google Inc entered into a patent cross-licensing agreement with Cisco Systems Inc, the internet search giant’s second such deal in as many months.
UBS bonus hike slammed for showing lessons not learned
ZURICH/LONDON (Reuters) – A jump in bonus payments at Swiss bank UBS AG stoked criticism on Tuesday that a previous cut was short-lived and banks have not learned lessons from the financial crisis.
Wal-Mart to invest $500 million in Canada, create 7,500 jobs
(Reuters) – Wal-Mart Stores Inc said on Tuesday it would invest about $500 million this year to strengthen its presence in Canada, creating more than 7,500 jobs including construction.
Dreamliner computer glitch forces Polish airline to switch jets
WARSAW (Reuters) – A computer malfunction on a Boeing 787 Dreamliner forced LOT to call off a transatlantic flight from Warsaw late on Monday and switch the passengers onto another jet instead, the Polish airline said.
Insight: Dow Jones CEO’s sudden exit followed revenue slide
NEW YORK (Reuters) – Lex Fenwick’s surprise exit from Dow Jones came after some banks and other financial clients balked at the former chief executive’s ambitious new product, DJX, which sent sales tumbling, according to people familiar with the matter…
BP profits fall on weakness in refining business
LONDON (Reuters) – BP reported a sharp drop in fourth-quarter profits on Tuesday partly due to weakness in its refining business, providing more evidence of difficult times across the “big oil” sector.
