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Wanda goes to Hollywood: China tycoon’s firm buys film studio Legendary for $3.5 billion

Chinese conglomerate Dalian Wanda Group has bought U.S. film studio Legendary Entertainment for about $3.5 billion, turning its chairman into a Hollywood movie mogul as China's richest man steps up a drive to diversify his business empire overseas. At a news conference in Beijing on Tuesday, Wanda Chairman Wang Jianlin said he plans to package Legendary, behind hits like “Jurassic World”, with existing movie production assets in China and sell shares in the…

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Wanda goes to Hollywood: China tycoon’s firm buys film studio Legendary for $3.5 billion

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Fed to raise rates again in March, follow up with fewer hikes: poll

The U.S. Federal Reserve will raise interest rates again in the next three months, according to two-thirds of economists polled by Reuters, although many say rates won't rise as quickly next year as policymakers have suggested. The Fed hiked rates for the first time in nearly a decade on Dec 16, confident the U.S. economy can …

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Fed to raise rates again in March, follow up with fewer hikes: poll

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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, …

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

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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…

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White House threatens veto of rule-based monetary policy bill

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Any doubts over about December Fed hike may be swept away

By Jonathan Cable LONDON (Reuters) – Inflation numbers from the United States on Tuesday could be the provider of the final domino in the Federal Reserve's track to raise interest rates next month. Earlier in November a robust report on U.S. employment hardened expectations for the Fed's first rate increase in nearly a decade and if prices are shown to be rising steadily those views will likely solidify. Minutes from the Fed's October meeting will also be published, giving an insight into the Committee's decision…

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Any doubts over about December Fed hike may be swept away

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Boeing eyes new partnerships, sees upward pressure on 737 output

Boeing expects to announce new industrial partnerships with an emphasis on defense at the Dubai Airshow, expanding on tie-ups in commercial aerospace, executives said on Saturday. Gulf-based sources have said they expect Boeing to expand its ties with both companies at the Nov 8-12 air show. “There will be a couple of announcements at the show related to increased partnerships and I'll leave it at that,” Bernard Dunn, president of Boeing Middle East, North Africa

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Boeing eyes new partnerships, sees upward pressure on 737 output

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