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Dudley sees Fed rate hikes; inflation weakness 'fading'

SYRACUSE, N.Y. The Federal Reserve is on track to gradually raise interest rates given the recent inflation weakness is fading and the U.S. economy's fundamentals are sound, an influential Fed policymaker said on Monday, reinforcing the central bank's confident tone.

Recent Business News

Exclusive: Toshiba tells banks chip deal delayed as Apple yet to approve

TOKYO Toshiba Corp told its main banks on Monday it has not signed the $18 billion sale of its semiconductor business because Apple Inc , a member of the buyer group, has not agreed on key terms, two people involved in the deal said.

10:38am EDT

Target raises minimum hourly wage to $11, pledges $15 by end of 2020

CHICAGO Target Corp said on Monday it would increase its minimum hourly wage this year by a dollar to $11, vowing to raise this by the end of 2020 to $15 an hour -- the so-called "living wage" labor advocates across the United States are campaigning for.

8:15am EDT

Allergan boosts shares with $2 billion buyback

U.S. drugmaker Allergan Plc on Monday authorized a $2 billion buyback of its common stock, sending its shares up after a week of grim news on its drug development pipeline.

8:55am EDT

Unilever steps up beauty push with $2.7 billion Carver Korea deal

SEOUL/LONDON Unilever has agreed to pay 2.27 billion euros ($2.71 billion) to buy fast-growing cosmetics company Carver Korea in its latest move to build a global beauty business. | Video

8:37am EDT

Apologizing to London, Uber CEO offers change to keep license

LONDON Uber's [UBER.UL] new boss Dara Khosrowshahi apologized to Londoners for the taxi app's mistakes and pledged to make changes as the Silicon Valley firm tries to overturn a decision to strip it of its license in one of its major markets.

10:39am EDT

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