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Venezuela roils corporate profits around the globe

U.S. companies operating in Venezuela have escalated the use of an accounting maneuver to insulate themselves from a worsening economic crisis in the South American country that has erased more than $10 billion in

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Venezuela roils corporate profits around the globe

U.S. durable goods orders data points to weak business spending

New orders for U.S. manufactured capital goods rose less than expected in June amid weak demand for machinery, suggesting an ongoing downturn in business spending. Business investment remains soft despite data ranging from retail sales to housing suggesting that U.S. economic growth has regained speed after growth almost stalled early in the year. The Commerce Department said on Wednesday non-defense

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U.S. durable goods orders data points to weak business spending

Teva, Allergan win U.S. antitrust approval for generics deal

WASHINGTON (Reuters) – Teva Pharmaceutical Industries Ltd won U.S. antitrust approval to purchase Allergan Plc's generics business, after agreeing to divest 79 generic drugs to rival firms, the Federal Trade Commission said on Wednesday.

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Teva, Allergan win U.S. antitrust approval for generics deal

SABMiller pauses AB InBev integration amid new offer

By Martinne Geller LONDON (Reuters) – SABMiller has told employees to pause the integration of its operations with those of Anheuser-Busch InBev as the brewer's board weighs its sweetened takeover offer, two sources familiar with the matter said. “This is another big piece of news to take in and I appreciate this will cause lots of internal and external speculation.

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SABMiller pauses AB InBev integration amid new offer

Fed keeps rates unchanged, says risks to outlook reduced

The Federal Reserve left interest rates unchanged on Wednesday but said near-term risks to the U.S. economic outlook had diminished, opening the door to a resumption of monetary policy tightening this year. While Fed policymakers said they continued to closely monitor inflation data and global economic and financial developments, they indicated less …

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Fed keeps rates unchanged, says risks to outlook reduced

Daimler’s MyTaxi to merge with Hailo to take on Uber: sources

Daimler will deepen its European footprint in the ride-hailing business when its MyTaxi smartphone app unveils an all-share merger deal with U.K. rival Hailo as soon as Tuesday, three sources briefed on the matter told Reuters. It is the latest push by traditional carmakers to enter the taxi ride hailing services market dominated by technology companies like Uber [UBER.UL]. In similar deals earlier this year, Volkswagen took a $300 million stake in Gett and General Motors invested $500 million into Lyft.

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Daimler’s MyTaxi to merge with Hailo to take on Uber: sources

Renewed oil weakness sparks demand fears

U.S. oil prices topped $50 a barrel in June, boosting optimism a two-year price rout might end. Mounting fears that demand has fallen short of expectations as production increases and rig counts rise has analysts believing that any oil price recovery may be a year or more in the future.

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Renewed oil weakness sparks demand fears

Fed prepares action against Goldman over NY Fed leak: NYT

The U.S. Federal Reserve is preparing an enforcement action against Goldman Sachs Group Inc related to a leak of confidential government information to one of its employees, the New …

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Fed prepares action against Goldman over NY Fed leak: NYT

The identity crisis that led to Yahoo’s demise

By Jonathan Weber and Jeffrey Dastin SAN FRANCISCO (Reuters) – When senior Yahoo executives gathered at a San Jose hotel for a management retreat in the spring of 2006, there was no outward sign of a company in crisis. The tough days of the dot-com bust were a distant memory, and Yahoo Inc, flush with lucrative advertising deals from the world's biggest brands, was enjoying its run as one of the top dogs in the world's hottest industry. Then they were asked to …

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The identity crisis that led to Yahoo’s demise

Fed seen holding rates steady as inflation watch continues

By Ann Saphir SAN FRANCISCO (Reuters) – The U.S. Federal Reserve is expected to keep interest rates unchanged this week, deferring any possible increase until September or December, as policymakers hold out for more evidence of a pickup in inflation. Central to the debate at the Fed's July 26-27 policy meeting will be how to reconcile upbeat U.S. economic data, highlighted by strong job gains in June, with a global growth slowdown and other …

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Fed seen holding rates steady as inflation watch continues

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