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Dudley sees Fed rate hikes as U.S. inflation weakness fades

SYRACUSE, N.Y. The Federal Reserve is on track to gradually raise interest rates given factors depressing inflation are "fading" and the U.S. economy's fundamentals are sound, an influential Fed policymaker said on Monday.

Recent Business News

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

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 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.

7:58am EDT

P&G, Peltz vie for small investor votes in biggest-ever proxy fight

NEW YORK The largest corporate proxy fight in history, between Procter & Gamble Co and activist investor Nelson Peltz, may ultimately be decided by small shareholders like Tom Neubecker.

7:13am EDT

Walt Disney threatens to pull ESPN, ABC from Optimum

NEW YORK Walt Disney Co has threatened to pull its programming from the fourth largest U.S. cable distributor, Altice USA, if the two parties cannot reach a deal before the end of the month, the cable company said on Sunday.

Television, Sports 12:09am EDT

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