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Tesla wins U.S. antitrust approval to buy SolarCity
Tesla Motors Inc has won U.S. antitrust approval to buy solar panel installer SolarCity Corp , moving closer to its goal of creating a carbon-free energy and transportation company. The Federal Trade Commission said on Thursday that the deal was approved. Tesla said in July after it made its first offer that by acquiring SolarCity the two companies would form a one-stop shop for clean energy, offering... [Read more]
As central bankers gather, some at Fed make rate-hike case
As central bankers converge on this mountain resort Thursday for an annual conference on monetary policy, a couple of top Federal Reserve officials took the chance to renew a push for interest-rate hikes, citing improvement in employment and inflation. “The case is strengthening” for a rate hike, Dallas Fed President Robert Kaplan told CNBC, whose open-air studio here overlooks the craggy... [Read more]
VW, suppliers settle dispute after marathon talks
By Andreas Cremer BERLIN (Reuters) – Volkswagen and two of its parts suppliers on Tuesday resolved a contract dispute that had hit output at more than half of the carmaker's German plants and threatened to undermine its recovery from a diesel emissions scandal. After more than 20 hours of negotiations that went on through the night, VW said it had settled its differences with CarTrim, which... [Read more]
Federal Reserve under growing pressure to reform system, goals
The U.S. Federal Reserve has two guiding goals when designing monetary policy: maximum employment and stable inflation. At this year's flagship economic policy conference, from Aug. 25 to 27, U.S policymakers will confer not only with their counterparts from around the world but also host… Read the rest here: Federal Reserve under growing pressure to reform system, goals Read More →
Viacom says CEO Dauman to resign post immediately; Dooley steps in
By Jessica Toonkel NEW YORK (Reuters) – Viacom Inc said on Saturday that Chief Executive Philippe Dauman will resign immediately, marking a victory for the family of controlling shareholder Sumner Redstone in the battle for the $40 billion media empire. The settlement with Dauman also ends the legal fight between members of the Viacom board and Redstone's National Amusements Inc, the privately... [Read more]
Monte dei Paschi CEO says probe ’emotionally difficult’
By Valentina Za and Stephen Jewkes MILAN (Reuters) – The latest judicial probe into Monte dei Paschi di Siena is a procedural necessity but it could still damage Italy's third-largest bank as it seeks to solve its See original here: Monte dei Paschi CEO says probe ’emotionally difficult’ Read More →
Fed policymakers divided over whether to raise rates soon: minutes
Federal Reserve policymakers agree that more economic data is needed before raising interest rates, although some see a need to tighten policy soon, according to the minutes from the U.S. central bank'… More: Fed policymakers divided over whether to raise rates soon: minutes Read More →
U.S. senators quiz airlines on IT systems after Delta disruption
Two U.S. senators on Tuesday sent letters to 13 major airlines expressing concerns that their information technology systems are vulnerable to outages that can strand thousands of passengers similar to recent flight cancellations. Senators Richard Blumenthal and Edward Markey sent letters after Southwest Airlines Co and Delta Air Lines Inc experienced technology issues that resulted in thousands of... [Read more]
NYSE sees double-digit Asian IPOs through 2017, with focus on tech
By Elzio Barreto and Steve Garton HONG KONG (Reuters) – The New York Stock Exchange (NYSE) sees technology companies driving a revival in new Asian listings and expects double-digit IPOs through the end of 2017 from the region, the exchange's global head of capital markets said in an interview. New listings should start picking up pace in the… Continued here: NYSE sees double-digit... [Read more]
Email campaign asks McDonald’s to take U.S. antibiotic curbs global
By Lisa Baertlein LOS ANGELES (Reuters) – A charity looking to fight the rise of dangerous, drug-resistant bacteria on Thursday asked the public to help convince McDonald's restaurants around the world to stop serving meat and milk from animals raised with routine use of medically important antibiotics. A week after the world's biggest fast-food company took that step with poultry... [Read more]