Business News Headlines

Fri, May 22 2015

Yellen tone suggests choppiness for markets ahead

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NEW YORK - U.S. stock investors have been enjoying an extended period of low volatility and steady gains, but with the Federal Reserve on track to raise interest rates this year and major indexes near records, the market could get a bit choppier in coming weeks.

22 May 2015

Fed on track to hike rates as economic headwinds wane: Yellen

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PROVIDENCE, R.I. - Federal Reserve Chair Janet Yellen was clearer than ever on Friday that the central bank was poised to raise interest rates this year, as the U.S. economy was set to bounce back from an early-year slump and as headwinds at home and abroad waned.

22 May 2015

Sat, May 23 2015

Bank of England confirms EU exit research after email misfire

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LONDON - The Bank of England plans to assess the implications of a possible British exit from the European Union, it said in a statement, confirming an email it inadvertently sent to a newspaper about the supposedly confidential research project.

23 May 2015

Greek PM says on final stretch toward deal with lenders

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ATHENS - Greek Prime Minister Alexis Tsipras said on Saturday his government was on the final stretch of negotiations with its international lenders on a cash-for-reforms deal that would not involve further pension cuts and harsh austerity. | Video

23 May 2015

Fiat Chrysler CEO approached GM about a merger, was rebuffed: NYT

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- As part of his quest for a mega merger, Fiat Chrysler Automobiles Chief Executive Sergio Marchionne sent an email to General Motors Co Chief Executive Officer Mary Barra in March suggesting combining the automakers but was rebuffed, the New York Times reported on Saturday.

ECB's Draghi urges euro zone to unite for economic reform

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ROME - European Central Bank President Mario Draghi has urged euro zone countries to unite in the task of reforming the bloc's economies, saying sharing sovereignty was an opportunity and not a threat.

23 May 2015

South Korea seeks deeper cooperation with Japan on China-led AIIB

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TOKYO - South Korea called on Saturday for deeper cooperation with Japan on a China-led development bank, while Japan remained cautious about the lender, which it and ally the United States have held back from joining.

China, Japan, South Korea 23 May 2015

Renault in Turkey offers concessions to striking workers

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ANKARA - The Turkish arm of French carmaker Renault on Saturday offered concessions including future salary adjustments and a cash lump sum to striking workers if they return to work.

23 May 2015

Daimler and Qualcomm to develop in-car tech, wireless charging

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FRANKFURT - Carmaker Daimler on Saturday announced a partnership with mobile technologies company Qualcomm Inc. to explore wireless recharging of mobile phones in cars as well as recharging of electric cars without cables.

23 May 2015

Fri, May 22 2015

Firmer underlying inflation keeps Fed on rate hike path

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WASHINGTON - Rising shelter and medical care costs boosted underlying U.S. inflation pressures in April, a welcome sign for the Federal Reserve as it contemplates raising interest rates this year. | Video

22 May 2015

Mike Huckabee shows support for reality star with flawed past

Republican Mike Huckabee, a 2016 presidential candidate, has lent his support to the star of the TLC series 19 Kids and Counting, Josh Duggar, after it was discovered that the father of 19 had sexually molested under-age girls as a teen.