LONDON - Global equities headed for their biggest two-week drop since June and the dollar hit 5-year highs against the yen on Friday amid concern the U.S. Federal Reserve could start scaling back its stimulus as early as next week.
Recent Business News
- Simon Property Group Inc , the largest owner of U.S. malls and outlet centers, said it would spin off its strip center business and smaller enclosed malls into a publicly traded REIT through a distribution to shareholders.
SEATTLE - Microsoft Corp is considering Qualcomm Inc Chief Operating Officer Steve Mollenkopf as a candidate for its new chief executive officer, Bloomberg News reported on Thursday, as it reaches the final stages of a four-month search process.
MOSCOW - Russia's central bank said on Friday it had withdrawn the licenses of three more banks in a crackdown on shady financial activities a day after President Vladimir Putin renewed a drive to stem capital flight.
- Coca-Cola Co said it would divide its North American business into two units, as part of its plan to return to a franchise model instead of owning bottlers.
The government has started using manual work-arounds for the various software errors that plague HealthCare.gov, as enrollment starts to increase.