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Hawkish Fed a potential speed bump for stock bulls

NEW YORK Next week's Federal Reserve meeting and possible signals on the pace of rate hikes for next year could pose the biggest risk yet to the rally the U.S. stock market has seen since last month's presidential election.

Recent Business News

Tata Sons renews appeal to shareholders to remove Mistry from group firms

MUMBAI Tata Sons on Sunday renewed its appeal to shareholders of Tata group companies to remove Cyrus Mistry from the board of those companies, saying his presence as chairman "is likely to lead to fragmentation of the Tata Group".

8:58am EST

Prudential investigating Wells Fargo partnership after scandal

NEW YORK U.S. insurer Prudential Financial is investigating whether Wells Fargo employees signed up customers for its life insurance policies without their knowledge, a spokesman said on Saturday.

Dec 10 2016

Shrinking FX market could pose stability risk: BIS

LONDON Hedge funds and speculative investors have pulled back from the $5 trillion a day global currency market and less risk-taking by banks as well as reduced trading on multi-player platforms is a risk to future financial stability, the Bank of International Settlements said on Sunday.

6:22am EST

Some shareholders unhappy over terms of Murdoch's Sky bid: report

LONDON Some shareholders are unhappy about the terms of a preliminary deal struck by Rupert Murdoch's Twenty-First Century Fox to take over British pay-TV Sky , the Sunday Telegraph newspaper reported.

Rupert Murdoch, Deals 8:32am EST

Cadillac disavows casting call for 'neo-Nazi' character in brand ad

DETROIT General Motors Co's Cadillac brand on Saturday disavowed a casting notice that called for an "alt-right (neo nazi)" role in a Cadillac commercial amid a storm of outrage on social media.

Dec 10 2016


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