Business News Headlines

Yen, bonds, gold all gain at dollar's expense, stocks slump

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LONDON Turbulence tore through global markets on Thursday as investors sought the safety of Japanese yen, gold and top-rated bonds while dumping U.S. dollars on bets the Federal Reserve could be done with raising interest rates.

4:27am EST

Wed, Feb 10 2016

Twitter disappoints investors as user growth hits wall

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Twitter Inc reported its first quarter with no growth in users since it went public, stoking fresh concerns on how long it will take for the company to reverse the trend. | Video

Tech, Twitter 10 Feb 2016

Yellen: Fed not likely to reverse course on rates despite risks

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WASHINGTON The Federal Reserve is unlikely to reverse its plan to raise interest rates further this year, but tighter credit markets, volatile financial markets, and uncertainty over Chinese economic growth have raised risks to the U.S. economy, Fed Chair Janet Yellen told U.S. lawmakers on Wednesday. | Video

10 Feb 2016

Yahoo announces first round of layoffs as it trims 15 percent of workforce

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SAN FRANCISCO Yahoo Inc announced Wednesday it will lay off 107 employees in the first of what is expected to be more than 1,500 job cuts.

10 Feb 2016

HSBC drops plan for 2016 pay freeze

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LONDON HSBC , Europe's largest bank, has dropped plans to freeze pay this year while remaining cautious on the outlook for its revenues, a memo from Chief Executive Stuart Gulliver seen by Reuters said on Thursday.

5:36am EST

Nokia leaves investors in dark over outlook

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HELSINKI Finnish telecom gear maker Nokia warned that demand for new mobile networks would slow this year in China and said it would not give a financial outlook until April following its acquisition of Alcatel-Lucent.

Tech, China 4:42am EST

Walgreens threatens to pull out of Theranos partnership: WSJ

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Walgreens Boots Alliance Inc , the largest U.S. drugstore chain, threatened to terminate its relationship with Theranos Inc unless the blood-testing company quickly fixes the problems found by federal inspectors at its laboratory in California, the Wall Street Journal reported.

10 Feb 2016

Mylan to buy Swedish drugmaker Meda in $7.2 billion deal

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Generic drugmaker Mylan NV said it would acquire Meda AB in a $7.2 billion cash-and-stock deal in its third attempt to buy the Swedish company.

10 Feb 2016

Twitter's CEO making big product changes, but users not wowed

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SAN FRANCISCO Since returning to Twitter Inc in July, Chief Executive, Jack Dorsey has made a handful of dramatic changes to the micro-blogging service - and promised more.

Twitter, Tech 10 Feb 2016

JetBlue sets up VC unit to fund startups in travel, hospitality

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JetBlue Airways Corp said on Thursday it launched a venture capital unit that would invest in technology startups in the travel and hospitality industry.

12:21am EST