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Fed’s Yellen faces battle in 2016 after getting all clear for December hike

WASHINGTON/PHILADELPHIA (Reuters) – Federal Reserve Chair Janet Yellen has the evidence of U.S. labor market health she wanted in order to raise benchmark interest rates for the first time in a decade this month, but she may have a tougher time selling further hikes. Federal funds futures contracts imply a 79-percent chance that the Fed will end seven years of near-zero interest rates at its December meeting and about even odds of a second rate rise by March. Interest rate futures …

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Fed’s Yellen faces battle in 2016 after getting all clear for December hike

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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…

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

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Exclusive: Commodity trader Cargill restructures, cuts jobs – sources

By Sarah McFarlane LONDON (Reuters) – Cargill Inc [CARG.UL], one of the world's largest privately held corporations, has launched a restructuring that includes job cuts, one company source and four industry sources said on Friday, the latest casualty of a downturn in the farm economy. The 150-year-old company, a top commodities trader, is also closing offices, two of the industry sources said. The cutbacks at the Minnesota-based company come as global agricultural companies are under pressure from slumping commodity prices…

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Exclusive: Commodity trader Cargill restructures, cuts jobs – sources

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Pfizer-Allergan deal refocuses market on U.S. tax-inversion rules

Pfizer Inc's buyout bid for Allergan Plc has financial markets on edge over a possible new move by the U.S. Treasury Department against tax-inversion deals, but the outlook for any such

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Pfizer-Allergan deal refocuses market on U.S. tax-inversion rules

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American Airlines delays Paris flights; United operates as planned

American Airlines Group , the world's biggest carrier by passenger traffic, said on Friday it was delaying flights to Paris in response to the explosions and shooting attacks there, even though French airports remained open. “Currently Charles de Gaulle International Airport is open, however, we are holding our remaining departures this evening to Paris until we have additional information,” American Airlines spokesman Joshua Freed said. United Continental Holdings said its three scheduled flights would still depart for …

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American Airlines delays Paris flights; United operates as planned

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Syngenta rejects $42 billion ChemChina offer: Bloomberg

(Reuters) – The world's largest agrichemicals company, Syngenta AG , has rejected a $42 billion takeover offer by state-owned China National Chemical Corp, Bloomberg reported on Thursday, lifting Syngenta's shares. Syngenta is under…

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Syngenta rejects $42 billion ChemChina offer: Bloomberg

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VW brand sales fall 5.3 percent in first full month of scandal

BERLIN (Reuters) – Volkswagen brand sales fell 5.3 percent in October, the first full month after Europe's biggest carmaker was found cheating diesel emissions tests in the United States. Deliveries of VW brand vehicles dropped to 490,000 cars from 517,400 a year ago, the eighth straight monthly drop at VW's biggest autos division by sales and revenue, the carmaker said on Friday. “The VW brand is experiencing challenging times,” sales chief Juergen Stackmann said. “We not only

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VW brand sales fall 5.3 percent in first full month of scandal

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J.C. Penney sales beat, helped by home goods and Sephora

Macy's Inc and Nordstrom Inc , whose customers tend to be more affluent than Penney's, both cut their full-year forecasts this week after reporting disappointing results. J.C. Penney's gross margin rose by 70 basis points to 37.3 percent, helped by improved clearance and promotional selling margins as well as supply chain efficiencies. Net sales rose 4.8 percent to $2.90 billion.

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J.C. Penney sales beat, helped by home goods and Sephora

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U.S. retail sales weak; inflation pressures remain subdued

By Lucia Mutikani WASHINGTON (Reuters) – U.S. retail sales rose less than expected in October amid a surprise decline in automobile purchases, suggesting a slowdown in consumer spending that could temper expectations of a strong pickup in fourth-quarter economic growth. Weak inflation and signs of slowing consumer spending could complicate the Federal Reserve's decision next month whether to …

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U.S. retail sales weak; inflation pressures remain subdued

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Jaguar Land Rover plans to cut costs by 4.5 billion pounds: Sunday Times

(Reuters) – British luxury carmaker Jaguar Land Rover (JLR) has launched a secret project to cut costs of 4.5 billion pounds ($6.8 billion) and build 1 million cars per year by the end of the decade, the Sunday

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Jaguar Land Rover plans to cut costs by 4.5 billion pounds: Sunday Times

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