Dollar stands tall, Asian shares waver

TOKYO - The dollar tested a 12-1/2-year peak against the yen on Tuesday after a spate of mostly upbeat U.S. data reinforced expectations that the Federal Reserve would raise interest rates this year, while Asian shares were little changed.

Recent Business News

Takata will change design for certain air bag inflators

- Takata Corp said on Monday that it will continue producing air bags that use ammonium nitrate propellant, but will change the design of the driver-side air bag inflators.

10:30pm EDT

Intel to buy Altera for $16.7 billion in its biggest deal ever

- Intel Corp agreed to buy Altera Corp for $16.7 billion as the world's biggest chipmaker seeks to make up for slowing demand from the PC industry by expanding its line-up of higher-margin chips used in data centers. | Video

Deals, Tech 6:23pm EDT

Mylan says Teva's stake buy violates U.S. anti-trust rules

- Mylan NV said Teva Pharmaceutical Industries Ltd , which has made an unsolicited offer for the company, violated U.S. anti-trust rules by acquiring a stake.

6:01pm EDT

U.S. hotel business poised for good years, leaders say

NEW YORK - Steadily expanding demand, in line with a moderately growing U.S. economy and a still low rate of new room construction, bodes well for the U.S. hotel industry in the near term, leading executives in the business said on Monday.

2:40pm EDT

Fed's Rosengren: economy growing too slowly to justify rate hike

HARTFORD, Conn. - With little evidence the U.S. economy is rebounding after a very weak first quarter, the Federal Reserve is in no position to start raising interest rates for the first time since 2006, a top Fed official said on Monday.

10:18am EDT


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