FedEx posts higher-than expected profit, will cut more capacity
By Nivedita Bhattacharjee (Reuters) - FedEx Corp reported a higher-than-expected quarterly profit on Wednesday, sending its shares ...
Read More »Business News
Subscribe to the Business News feed.-
-
World Bank watching Fed, ready to respond
By Paul Ingrassia and Mike Peacock LONDON (Reuters) - The World Bank is concerned about the spillover effects on developing countrie...
Read More » -
Wall St. drops after Bernanke hints at slowing stimulus
By Ryan Vlastelica NEW YORK (Reuters) - Stocks fell more than 1 percent on Wednesday after Federal Reserve Chairman Ben Bernanke sai...
Read More » -
Bank of England, still divided, flags market impact of Fed uncertainty
By Olesya Dmitracova and David Milliken LONDON (Reuters) - Bank of England policymakers acknowledged earlier this month that further...
Read More » -
Commerzbank to cut around 3,000 jobs by 2016: trade union
FRANKFURT (Reuters) - Germany's trade union Verdi on Wednesday said it estimated that around 3,000 jobs will be cut at Commerzbank ...
Read More » -
Obama says U.S. EU free trade deal can boost jobs and growth
BERLIN (Reuters) - President Barack Obama said on Wednesday a free trade agreement between the United States and the European Union ...
Read More » -
Mortgage applications tumble as rates rise further: MBA
NEW YORK (Reuters) - Interest rates on home mortgages rose last week to hit their highest level in over a year, sapping demand from ...
Read More » -
H&M says new collections selling well
STOCKHOLM (Reuters) - H&M , the world's second-largest fashion retailer, reported a sharp rise in sales so far in June, with new col...
Read More » -
China's Wanda aims to launch $1 billion NY hotel project this year: chairman
BEIJING (Reuters) - Wanda Group, China's largest commercial real estate developer, aims to invest about $1 billion to build a five-s...
Read More » -
Tata Motors upgrades existing cars as rivals launch new products
By Aradhana Aravindan PUNE, India (Reuters) - India's Tata Motors on Wednesday launched eight upgrades of existing models, includin...
Read More »