federal

Qatar urges VW to reduce labor influence: Bild

Qatar, the third-largest shareholder in Volkswagen , is urging the German carmaker to reduce the influence of its powerful trade unions as it battles to overcome its emissions scandal, a German

See the original post:
Qatar urges VW to reduce labor influence: Bild

federal

Uneasy calm in markets about upcoming U.S. rate increase, BIS says

By Marc Jones LONDON (Reuters) – An “uneasy calm” prevails in financial markets about the first increase in U.S. interest rates in almost a decade, which is widely expected later this month, the Bank for International Settlements said in its latest report. The restrained reaction, especially from emerging markets, to the Federal…

More here:
Uneasy calm in markets about upcoming U.S. rate increase, BIS says

federal

U.S. manufacturing contracts, but rest of economy humming along

U.S. manufacturing contracted in November for the first time in three years as the sector buckled under the weight of a strong dollar and deep spending cuts by energy firms, but robust automobile sales suggested the economy remained on solid ground. Other data released on Tuesday showed a sturdy increase in construction spending in October, which should help offset the drag from manufacturing on fourth-quarter economic growth. With manufacturing accounting for only 12 percent of the …

See the rest here: 
U.S. manufacturing contracts, but rest of economy humming along

federal

Fed’s Yellen argues for interest rate caution in exchange with Nader

In a letter to Nader, the Fed chair repeated recent statements that the central bank should only gradually raise interest rates. “An overly aggressive increase in rates … would at undercut the economic expansion, necessitating a lasting return to low interest rates,” Yellen said in the letter. Nader published an open letter to Yellen on Oct. 30 that asked her to consider the “humble savers” with money in banks and money market accounts who were “frustrated by the Fed's low rates and melodramatic debate about when to

Read more from the original source: 
Fed’s Yellen argues for interest rate caution in exchange with Nader

federal

Cognac makers ramp up U.S. efforts as China sips less

By Martinne Geller COGNAC, France (Reuters) – France's centuries-old cognac houses are raising their bets on the U.S. market with new products and campaigns to broaden the drink's

See the rest here: 
Cognac makers ramp up U.S. efforts as China sips less

federal

Fed’s Williams sees strong case for December interest-rate hike

By Ann Saphir BERKELEY, Calif. (Reuters) – There is a “strong case” for raising interest rates when Federal Reserve policymakers meet next month, as long as U.S. economic data does not disappoint, a top Fed official said on Saturday. “The data I think have been…

View original post here:
Fed’s Williams sees strong case for December interest-rate hike

federal

Fairly upbeat U.S. data highlight economy’s resilience

By Lucia Mutikani WASHINGTON (Reuters) – New U.S. applications for unemployment benefits fell last week while a gauge of U.S. economic activity rebounded in October, signs of a healthy labor market and economy that could give the Federal Reserve confidence to raise interest rates next month. Outside manufacturing, the economy has remained resilient despite faltering global growth. “Business rolls on unperturbed …

Read the original:
Fairly upbeat U.S. data highlight economy’s resilience

federal

Norfolk Southern hostile to Canadian Pacific’s $28.4 billion bid

While Norfolk Southern said it would carefully evaluate the offer, its sour response represents a setback to Canadian Pacific as well as its largest shareholder, William Ackman's activist hedge fund Pershing Square Capital Management LP. Ackman, a big advocate of consolidation in the North American railway sector, recruited Hunter Harrison, who had previously been chief executive officer of Canadian National Railway Co , as CEO of Canadian Pacific in 2012. In a statement earlier on Tuesday announcing its offer to Norfolk Southern, …

Read the original post: 
Norfolk Southern hostile to Canadian Pacific’s $28.4 billion bid

federal

White House threatens veto of rule-based monetary policy bill

By Jason Lange WASHINGTON (Reuters) – The White House on Tuesday issued a veto threat for a Republican-backed bill to make the Federal Reserve set interest rate policy using a mathematical rule, a proposal Fed Chair Janet Yellen said would “severely damage” the U.S. economy. The Obama administration opposes the proposal because it would hinder the Fed's ability to help the economy, the White House said in a statement. Lawmakers in the U…

See the original post here: 
White House threatens veto of rule-based monetary policy bill

federal

Ford’s Lincoln brand debuts new face for its best-selling model

(Reuters) – Ford Motor Co's Lincoln brand is changing the look of its vehicles, starting with a new face for its best-selling model, the MKZ sedan. Ford plans to unveil the restyled 2017 Lincoln MKZ at the Los Angeles Auto Show on Wednesday, showing the first production version of a new

Read more: 
Ford’s Lincoln brand debuts new face for its best-selling model

« Previous Page — Next Page »