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Fed debates merits of earlier rate hike given U.S. jobs gains

WASHINGTON - The U.S. Federal Reserve hinted on Wednesday that a surprisingly strong jobs market recovery could lead it to raise interest rates earlier than it had been anticipating.

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Hewlett-Packard posts surprise revenue gain after PC sales jump

SAN FRANCISCO - Hewlett-Packard Co posted a surprise increase in quarterly revenue after sales from its personal computer division climbed 12 percent, but a flat to declining performance from its other units underscored the company's uphill battle to revive growth.

6:44pm EDT

Ex-Aeropostale exec gets eight years prison over kickbacks

NEW YORK - A former merchandising executive at teen apparel retailer Aeropostale Inc was sentenced to eight years in prison on Wednesday after being convicted of defrauding the company and taking more than $25 million in kickbacks from a key vendor.

Exclusive: Ford plans new hybrid series to compete with Toyota Prius - sources

DETROIT - Ford Motor Co plans to introduce a new hybrid gasoline-electric car in late 2018 to compete against the best-selling Toyota Prius, two sources with knowledge of the company's plans told Reuters on Wednesday.

4:25pm EDT

JPMorgan, BofA to raise junior banker pay by 20 percent: sources

NEW YORK - JPMorgan Chase & Co and Bank of America Corp are planning to hike salaries of junior employees by at least 20 percent, people familiar with the proceedings said.

7:49pm EDT

Icahn reveals stake in Hertz, plans to push management

BOSTON - Billionaire investor Carl Icahn said on Wednesday that he owns an 8.5 percent stake in Hertz Global Holdings Inc and plans to pressure the rental car company's management over accounting issues and operational failures.

6:40pm EDT

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