The major U.S. stock indexes were mixed on Wednesday, but were still hovering near record-highs as investors awaited the Federal Reserve’s meeting minutes, while digesting the results of the Alabama Senate race. Continue Reading Below It is widely expected that the Fed will announce an interest rate hike, when they […]
FOX Business News
United Continental’s New Share Buyback Plan Is Less Impressive Than It Seems
Last week, airline giant United Continental (NYSE: UAL) announced that it is on track to complete its current $2 billion share repurchase authorization by the end of this month. The company’s board has also authorized a new $3 billion share buyback program. Continue Reading Below Share repurchases have become very […]
EU negotiator says ‘no turning back’ on commitments
BRUSSELS – European Union chief Brexit negotiator Michel Barnier said Wednesday there will be “no turning back” for Britain on commitments made during an initial divorce deal between the two, after his U.K. counterpart insisted it was merely a “statement of intent.” Continue Reading Below Barnier told legislators at the […]
Uber’s Terrible 2017 in Review
Uber has had one heck of a year, in all of the worst ways. The company is in the midst of trade secret lawsuits, consumer protection lawsuits, and bans from cities. It’s trying to fix its culture of sexism, had to apologize for covering up a massive customer data breach, […]
Why 2017 Was a Year to Forget for Pfizer Inc.
The S&P 500 index soared 19% in 2017 (so far). The healthcare sector performed even better, with year-to-date gains of close to 21%. Several major drugmakers completed significant acquisitions. Some biopharmaceutical companies enjoyed tremendous revenue and earnings gains this year. But for Pfizer (NYSE: PFE), none of this was applicable. […]
European Central Bank in no hurry to yank stimulus
FRANKFURT, Germany – Things are looking up for the European Central Bank. The 19-country eurozone economy is gathering speed. Higher oil prices should boost still-sluggish inflation, the bank’s chief concern. Continue Reading Below And, so far, financial markets haven’t panicked over the bank’s Oct. 26 decision to scale back its […]
UK pay rates up but still lagging behind price rises
LONDON – Official figures are showing wages in Britain creeping up but still lagging the rise in prices, meaning households continue to experience a real-terms pay cut as they prepare for Christmas. Continue Reading Below The Office for National Statistics said Wednesday that average weekly earnings in the three months […]
The Latest: Investors cautious ahead of Fed announcement
WASHINGTON – The Latest on the Federal Reserve’s monetary policy meeting (all times local): Continue Reading Below 4:50 a.m. World stock markets are subdued ahead of an expected interest rate increase from the Federal Reserve. The Fed is widely expected to raise on Wednesday its key interest rate for the […]
Russian court freezes assets of major conglomerate
MOSCOW – Sprawling Russian conglomerate Sistema says a court has frozen some of its assets to secure a pending $2 billion lawsuit from Russia’s largest oil company, the state-owned Rosneft. Continue Reading Below Rosneft, led by a close ally of President Vladimir Putin, last week sued Sistema for damages related […]
3 things to watch for from the Federal Reserve on Wednesday
WASHINGTON – On the day when Janet Yellen will hold her final news conference as Federal Reserve chair, the Fed has left little doubt what it plans to do Wednesday: Raise its benchmark interest rate for the third time this year. Continue Reading Below The increase would be in line […]