SAN FRANCISCO The U.S. Federal Reserve is expected to keep interest rates unchanged this week, deferring any possible increase until September or December, as policymakers hold out for more evidence of a pickup in inflation.
Recent Business News
Verizon Communications Inc reported a bigger-than-expected fall in quarterly revenue as the No. 1 U.S. wireless carrier's operations were disrupted by a strike involving its wireline workers and more customers opted for cheaper plans.
McDonald's Corp reported a 3.6 percent fall in quarterly revenue as fewer customers visited its restaurants, mainly in the United States.
Yahoo Inc shareholders may be left betting on how quickly, if at all, the former web pioneer can cash in on its multi-billion dollar stakes in two Asian peers after Monday's deal to sell its core internet assets to Verizon Communications Inc.
NEW YORK U.S. oil prices topped $50 a barrel in June, boosting optimism a two-year price rout might end. Six weeks later, the long hoped for recovery has yet to take hold.
FRANKFURT Daimler's mytaxi said it will merge with British rival Hailo in an all-share deal, creating Europe's largest smartphone-based taxi-hailing business.