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Fed to delay rate hike until September on tame inflation outlook: Reuters poll
The U.S. Federal Reserve will likely wait until September before raising interest rates again, stretching to nine months the time since its first hike in nearly a decade, as it waits for clear signs inflation is picking up, a Reuters poll found. This is the second time this … Original post: Fed to delay rate hike until September on tame inflation outlook: Reuters poll Read More →
Oil dips on Canada output prospects, record U.S. stocks
By Simon Falush LONDON (Reuters) – Crude prices fell on Wednesday as oil sands production in Canada restarted after forced closures due to wildfires, and as already record-high inventories especially in the United States grew. U.S. West Texas Intermediate (WTI) futures were down 44 cents at $44.22 a barrel. A battle between Middle East producers for market share in Asia also weighed on prices,... [Read more]
U.S. Fed awards $23.24 billion in reverse repos
The Federal Reserve on Monday awarded $23.24 billion of one-day, fixed-rate reverse repurchase agreements to 17 bidders at an interest rate of 0.25 percent, the New York Fed said on its website. The reverse repurchase agreement See the rest here: U.S. Fed awards $23.24 billion in reverse repos Read More →
Tribune Publishing adopts poison pill to stop Gannett bid
(Reuters) – Newspaper publisher Tribune Publishing Co said its board had adopted a shareholder rights plan – popularly known as a “poison pill” – in a bid to thwart Gannett Co Inc's unsolicited takeover offer. Tribune shares fell nearly 6 percent in morning trading on Monday, while Gannett shares were little See the rest here: Tribune Publishing adopts poison pill... [Read more]
Berkshire operating profit falls short, book value rises
By Jonathan Stempel (Reuters) – Warren Buffett's Berkshire Hathaway Inc on Friday confirmed that its first-quarter profit rose 8 percent, while operating results fell short of analyst forecasts as falling oil prices and coal demand hurt its BNSF railroad unit. The Omaha, Nebraska-based conglomerate, which has close to 90 operating units, also said its book value per share, measuring assets... [Read more]
FCC confirms approval of Charter, Time Warner Cable merger
By David Shepardson WASHINGTON (Reuters) – The U.S. Federal Communications Commission confirmed on Friday that it had voted to approve Charter Communications Inc's acquisitions of Time Warner Cable Inc and Bright House Networks. Tom Rutledge, president and chief executive of Charter, said in a statement Friday that the transactions have Here is the original: FCC confirms approval of Charter,... [Read more]
Bitcoin has a governance problem, no matter who created it
The latest bickering erupted after Australian entrepreneur Craig Wright promised to prove he was the mysterious creator of bitcoin – which allows users to move money across the world quickly and anonymously – but then said on Thursday he could not provide further evidence to back this up. Wright stopped short of reneging on his claim to be Satoshi Nakamoto, assumed to be a pseudonym for... [Read more]
Panama Canal expansion exposes U.S. infrastructure, shipper woes
The Bayonne Bridge outside New York and New Jersey terminals is too low. Delayed port fixes, a freighter glut and a wobbly global economy mean that, in the short term, the benefits of the expanded waterway along Excerpt from: Panama Canal expansion exposes U.S. infrastructure, shipper woes Read More →
Asia shares slip for seventh session, bonds well bid
Asian shares slipped for a seventh straight session on Thursday as mixed economic data did nothing to assuage concerns about global growth, keeping sovereign bonds well supported as a hedge against deflation risks. More: Asia shares slip for seventh session, bonds well bid Read More →
U.S. prosecutors consider more charges against ex-CEO Shkreli
NEW YORK (Reuters) – Former drug executive Martin Shkreli, who last year became a lightning rod for outrage over soaring prescription drug prices, may face additional U.S. charges of securities fraud, a federal prosecutor Read more from the original source: U.S. prosecutors consider more charges against ex-CEO Shkreli Read More →