Business News
Fed policymakers say rate increase likely warranted soon: minutes11/22/2017 7:04:10 PMWASHINGTON, Nov 22 - Many Federal Reserve policymakers expect that interest rates will have to be raised in the "near term," according to the minutes of the U.S. central bank's last policy meeting released on Wednesday.Uber breach, cover-up trigger government probes around the globe11/22/2017 6:40:48 PMTORONTO - Governments around the globe launched investigations into Uber Technologies Inc [UBER.UL] after the company disclosed it had covered up a breach that exposed data on millions of customers and drivers, the latest scandal to rock the ride-hailing firm.P&G continues to review vote tally as Peltz awaits board seat11/22/2017 5:16:18 PM - Procter & Gamble Co is still reviewing a tally of shareholder votes cast at its annual meeting more than a month ago, after a fierce proxy contest narrowly handed activist investor Nelson Peltz a board seat.HPE CEO Whitman's surprise exit stumps Wall Street11/22/2017 5:08:27 PM - Shares of Hewlett Packard Enterprise Co fell 6 percent on Wednesday after Chief Executive Officer Meg Whitman's decision to step down from the role took Wall Street by surprise.Apple says illegal student labor discovered at iPhone X plant11/22/2017 4:06:22 PMBEIJING - Smartphone maker Apple Inc and its biggest manufacturing partner on Wednesday said that a small number of students were discovered working overtime in its Chinese factory, violating local labor laws.Peter Thiel sells most of remaining Facebook stake11/22/2017 6:37:45 PM - Facebook Inc's first major investor Peter Thiel has sold three-quarters of his remaining stake in the social network as part of a previously established trading plan, a regulatory filing showed.ITC to probe Caterpillar patent allegations against German firms11/22/2017 8:11:26 PMWASHINGTON - The U.S. International Trade Commission said on Wednesday it had launched an investigation into allegations that German manufacturers Wirtgen GmbH and Joseph Voegele AG infringe on patents held by Caterpillar Inc .Rockwell Automation rebuffs Emerson's latest $29 billion bid11/22/2017 4:56:35 PM - Rockwell Automation Inc rejected Emerson Electric Co's sweetened $29 billion takeover offer on Wednesday, in its strongest rebuttal to date of the proposed combination of two of the world's largest factory equipment makers.Tech still hedge funds' sweetheart sector: Goldman Sachs11/22/2017 6:44:43 PMLONDON - Tech stocks remain the largest net sector exposure for equity hedge funds, which are set to deliver their strongest returns since 2013, Goldman Sachs said on Wednesday in a note on the industry's most and least favored areas of the market.Keystone clean-up to last several weeks, line restart unclear11/22/2017 6:26:14 PMNEW YORK/CALGARY - The clean-up of an oil spill from TransCanada Corp's Keystone pipeline may last several weeks, South Dakota's environmental regulator said on Wednesday, but it is still unclear when the key artery will restart.