federal

Elon Musk-backed AI startup and Microsoft sign cloud agreement

(Reuters) – OpenAI, the non-profit artificial intelligence (AI) research firm backed by Tesla Motors Inc’s Elon Musk and other prominent tech executives, has signed an agreement to run most of its large-scale experiments on Microsoft Corp’s flagship cloud service, Azure. OpenAI will use Azure for its experiments in deep learning and AI, and Microsoft will collaborate with the company …

View original here:
Elon Musk-backed AI startup and Microsoft sign cloud agreement

federal

Exxon in negotiations with Chad over record $74 billion fine: Bloomberg

Exxon has appealed the Oct. 5 court ruling, but the appeals court hearing has been delayed because of the talks, Bloomberg reported, citing a lawyer for Exxon. The court decision fined a consortium led by Exxon over 44 trillion CFA francs

Go here to read the rest:
Exxon in negotiations with Chad over record $74 billion fine: Bloomberg

federal

Strong U.S. retail sales reinforce December interest rate hike

By Lucia Mutikani WASHINGTON (Reuters) – U.S. retail sales rose more than expected in October as households bought motor vehicles and a range of other goods, pointing to sustained economic strength that could allow the Federal Reserve to raise interest rates next month. The Commerce Department said …

Continued here: 
Strong U.S. retail sales reinforce December interest rate hike

federal

Icahn raises stake in Herbalife

(Reuters) – Activist investor Carl Icahn has raised his stake in Herbalife Ltd to 23.1 percent as of Nov. 3, according to a regulatory filing on Thursday. Icahn had reported a 20.78 percent stake in the company in August. (http://bit.ly/2fjU7ve) Herbalife said on Tuesday that Chief Executive Michael Johnson would step down next year and be replaced by Chief Operating Officer Richard …

The rest is here:
Icahn raises stake in Herbalife

federal

Wells Fargo sales scandal extends to brokerage unit: U.S. senators

Wells Fargo & Co fired hundreds of brokerage employees for improper sales practices, three U.S. senators said on Thursday, widening the scope of a scandal which the fourth-largest U.S. bank has so far characterized as a retail banking problem. In a letter to Wells Fargo Chief Executive Tim Sloan, Senators Elizabeth Warren, Ron Wyden and Robert Menendez questioned the bank's disclosures about those employees' dismissals in required regulatory filings.

Go here to see the original:
Wells Fargo sales scandal extends to brokerage unit: U.S. senators

federal

Slowdown in orders, hiring curbs U.S. services sector growth

Other data on Thursday showed planned job cuts by U.S.-based employers dropped 31 percent to a five-month low last month. The mixed reports came a day after the Federal Reserve offered a fairly upbeat assessment of the economy and signaled it could raise interest rates next month.

Excerpt from: 
Slowdown in orders, hiring curbs U.S. services sector growth

federal

WHY IT MATTERS: Energy

The issue:

See the original post:
WHY IT MATTERS: Energy

federal

AmEx raises 2016 profit forecast; shares up 5.8 percent

American Express Co raised its 2016 adjusted earnings forecast and reported better-than-expected third-quarter revenue on Wednesday, sending its shares up 5.8 percent in extended trading. The credit card issuer, which has historically catered to upscale consumers, said it plans to increase spending on digital marketing, a strategy that helped it add 1.7 million new card members in the United States this quarter and expand globally. Analysts on …

Original post:
AmEx raises 2016 profit forecast; shares up 5.8 percent

federal

Fed moves to quell charges of opacity, lack of diversity

The Federal Reserve has rolled out a series of announcements, online forums and meetings with Americans this year in response to outspoken civic groups and many Democrats, including Hillary Clinton, calling for …

See the original post here: 
Fed moves to quell charges of opacity, lack of diversity

federal

Fed’s Yellen says ‘high-pressure’ policy may be only way back from crisis

The Federal Reserve may need to run a “high-pressure economy” to reverse damage from the 2008-2009 crisis that depressed output, sidelined workers, and risks becoming a permanent scar, Fed Chair Janet Yellen said on Friday in a broad review of where the recovery may still fall short. Prices on longer dated U.S. Treasuries

More: 
Fed’s Yellen says ‘high-pressure’ policy may be only way back from crisis

« Previous Page — Next Page »