Fed divide on inflation intensified at September policy meeting Fed divide on inflation intensified at September policy meeting: Federal Reserve policymakers had a prolonged debate about the prospects of a pickup in inflation and slowing the path of future interest rate rises if it did not, according to the minutes […]
Wall Street ends higher dollar down after Fed minutes Wall Street ends higher dollar down after Fed minutes: Wall Street stocks rose on Wednesday as the minutes from the Federal Reserve’s September policy meeting merely confirmed expectations that interest rates would rise, while the euro gained on the dollar after […]
Taiwan fines Qualcomm $774 million for antitrust violations Taiwan fines Qualcomm $774 million for antitrust violations:Â Qualcomm Inc (QCOM.O) faces an antitrust fine in Taiwan, the latest in a years-long streak of regulatory setbacks to its business model that comes as it also fights U.S. regulators and iPhone maker Apple Inc […]
Facebook to sell portable headset for virtual reality Facebook to sell portable headset for virtual reality: SAN JOSE, Calif. (Reuters) – Facebook Inc (FB.O) is launching a new virtual reality headset that does not require a separate computer to operate, allowing more mobile uses than the company’s existing Oculus Rift […]
Alphabet’s Waymo demanded $1 billion in settlement talks with Uber Alphabet’s Waymo demanded $1 billion in settlement talks with Uber: Alphabet Inc’s Waymo sought at least $1 billion in damages and a public apology from Uber Technologies Inc as conditions for settling its high-profile trade secret lawsuit against the ride-services […]
U.S. Treasury dashes hopes for near-term World Bank capital hike A U.S. Treasury official dashed hopes for a World Bank capital increase in the near term, saying the multilateral lender first needs to review its balance sheet to ensure resources are going to countries and projects that need them most. […]
Oil rises on signs of tighter market:Â Oil prices edged up on Wednesday, rising for a third day, on signs that markets are gradually tightening after years of oversupply, although the outlook for 2018 remained less certain. U.S. West Texas Intermediate (WTI) crude futures were trading at $51.06 per barrel at […]
Ackman reaches out to ADP retail investors Billionaire investor William Ackman took his fight for board seats at Automatic Data Processing Inc to retail investors on Tuesday in an unusually public format where he detailed his successes and failures and urged all to cast their votes. For one hour, the […]
Pfizer weighs $15 billion sale of consumer healthcare business Pfizer said on Tuesday it was considering the sale or spin-off of its consumer healthcare business, shaking up the industry and potentially putting a headache pill to lip balm operation worth some $15 billion up for grabs. The move comes as […]
Verizon media chief departing after not getting top job Verizon Communication Inc (VZ.N) media chief Marni Walden confirmed on Tuesday she had decided to leave the telecommunications company next year after it became clear she would not become its next chief executive. Walden, executive vice president and president of global […]
