WASHINGTON (Reuters) – Tight monetary policy is “unequivocally” slowing the U.S. economy, allowing the Federal Reserve to move “more deliberately”…
Kellogg’s sales and profit beat estimates, to retain plant-based meat business
By Mehr Bedi (Reuters) -Kellogg Co surpassed market expectations for quarterly sales and profit on Thursday and said it would…
Russia’s current account surplus shrinks 58.2% in Jan as exports fall
By Elena Fabrichnaya and Alexander Marrow MOSCOW (Reuters) -Lower export volumes saw Russia’s current account surplus shrink 58.2% to $8…
Bob Iger’s Disney revamp could keep critic Peltz ‘at bay’
(Reuters) – Walt Disney Co CEO Bob Iger dazzled Wall Street on Wednesday with sweeping changes and billions of dollars…
Volvo Cars will not cut EV prices to follow Tesla’s lead – CEO
By Marie Mannes STOCKHOLM (Reuters) – Volvo Cars’ top executive said on Thursday that the Swedish automaker has no intention…
Tapestry lifts profit outlook as younger shoppers snap up Coach handbags
(Reuters) – Tapestry Inc on Thursday raised its annual profit forecast after topping Wall Street estimates for quarterly earnings, as…
Credit Suisse seeks investors after buying Klein’s advisory boutique
By Stefania Spezzati and John O’Donnell FRANKFURT (Reuters) -Credit Suisse has taken another step towards creating a standalone investment bank…
Bank of England officials split over future path for rates
By David Milliken and Andy Bruce LONDON (Reuters) -Bank of England policymakers disagreed on Thursday about where interest rates need…
Falling online prices point to U.S. goods deflation continuing
By Howard Schneider WASHINGTON (Reuters) – Prices for online goods in the United States fell 1% in January compared to…
Nissan’s Q3 operating profit more than doubles, outstrips expectations
TOKYO (Reuters) – Japan’s Nissan Motor Co on Thursday posted a better-than-expected 155% jump in third-quarter operating profit, boosted by…