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.
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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.
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.
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.
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
LONDON Uber's new boss [UBER.UL] 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.
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