Ford aims for higher spending, dividend boost by mid-decade
DETROIT (Reuters) – Ford Motor Co on Wednesday laid out a more ambitious mid-decade plan that includes a 25 percent increase in projected capital spending, to take advantage of growing automotive demand worldwide, as well as the possibility of a higher…
‘London Whale’ colleague keeps low profile in sleepy French village
SARRAZAC, France (Reuters) – Hundreds of miles from the bustling trading rooms where he worked with the “London Whale”, a former JPMorgan trader has taken refuge in a French hamlet where few have heard of the $6.2 billion scandal to which he is being l…
Swiss open door to helping tax crackdowns spurred by stolen data
ZURICH (Reuters) – Switzerland may cooperate with tax crackdowns by other countries even if requests for help are based on leaked Swiss bank data from paid informants, the government said on Wednesday.
U.S. in modest recovery; Fed to cut back on QE next month: Reuters poll
(Reuters) – The U.S. economy is on a modest, yet sturdy recovery path that will bring down the jobless rate to 7 percent by the middle of 2014, leaving the Federal Reserve on track to ease off on its stimulus program next month, a Reuters poll of econo…
Yellen seen as likely next Fed chair despite Summers chatter: Reuters poll
NEW YORK (Reuters) – Janet Yellen is still seen as the most likely successor to U.S. Federal Reserve Chairman Ben Bernanke, according to a Reuters poll of economists, despite a swell of speculation in recent weeks that Lawrence Summers might have the i…
U.S. consumer debt drops in second quarter, continuing post-crisis trend
NEW YORK (Reuters) – Americans trimmed their overall indebtedness in the latest quarter, continuing a nearly five-year trend as mortgage balances fell further, data from the Federal Reserve Bank of New York showed on Wednesday.
U.S. ambulance operator Envision jumps 10 percent in market debut
(Reuters) – Shares of Envision Healthcare Holdings Inc , the biggest operator of U.S. ambulance services, rose 10 percent in their market debut, giving the firm a market valuation of about $4.24 billion.
No evidence of fraud in Hungary funding freeze: EU official
BRUSSELS (Reuters) – European Union development aid to Hungary has been temporarily suspended over failings in the country’s financial control systems, but there was no evidence of fraud, a European Commission official said on Wednesday.
Germany, France haul euro zone out of recession
BRUSSELS (Reuters) – The economies of Germany and France grew faster than expected in the second quarter, bettering a widely heralded expansion in the United States and pulling the euro zone out of a 1-1/2 year-long recession.
U.S. producer prices flat in July, point to little inflation pressure
WASHINGTON (Reuters) – U.S. producer prices were flat in July and pointed to very little inflationary pressure in the economy, which could add to worries at the U.S. Federal Reserve that inflation is running too low.
