By Edith Honan NAIROBI (Reuters) – The World Trade Organization reached deals on agricultural export subsidies, food aid and other issues on Saturday, capping a ministerial conference in the Kenyan capital where rich and poor countries had been split over the path of trade reform. Members said the Nairobi deal had drawn a line under years of stalemate over the direction of global trade negotiations. “Our work in Nairobi marks a turning point for the World Trade Organization,” U.S. Trade Representative Michael Froman said in a statement.
Wall Street rallies on gradual Fed tightening, improving economy
December 16, 2015 By
NEW YORK (Reuters) – U.S. stocks rallied on Wednesday after the Federal Reserve announced it is raising its key policy rate for the first time in nearly a decade in a sign of confidence in the U.S. economy.
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Wall Street rallies on gradual Fed tightening, improving economy
Wall Street veterans say rate-hike past is not prologue for markets
December 13, 2015 By
By Trevor Hunnicutt NEW YORK (Reuters) – It has only been six years since the U.S. stock market rout brought on by the financial crisis, but as far as Deena Katz's clients are concerned, that might as well be ancient history. “People have a thirty-second memory,” said Katz, 65, co-chairman at Evensky & Katz/Foldes Financial Wealth Management. “We're used to an instant turnaround.” That is particularly true when compared to investors who lived through longer periods of economic disaster, like the stagnant economy and rampant inflation of the 1970s or the Great Depression in the 1930s.
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Wall Street veterans say rate-hike past is not prologue for markets
Yahoo will not spin off Alibaba stake, weighs core business sale: CNBC
December 9, 2015 By
SAN FRANCISCO/BENGALURU (Reuters) – Yahoo Inc is weighing a sale of its core Internet business and will not sell its stake in Chinese e-commerce firm Alibaba Group Holding Ltd , CNBC reported, with an announcement coming as soon Wednesday. The moves represent a stark rejection of Chief Executive Officer Marissa Mayer's plan to sell the $30 billion Alibaba stake and to revive Yahoo's core Internet unit focusing on growing mobile, video and social media ads. Yahoo could not immediately be reached for comment.
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Yahoo will not spin off Alibaba stake, weighs core business sale: CNBC
Yum CFO to leave in February, amid China spinoff
December 7, 2015 By
LOS ANGELES (Reuters) – Yum Brands Inc Chief Financial Officer Patrick Grismer will resign effective Feb. 19, the parent of the KFC, Taco Bell and Pizza Hut restaurant brands said on Monday.
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Yum CFO to leave in February, amid China spinoff
Yahoo board in final talks on future of company
December 5, 2015 By
By Deborah M. Todd SAN FRANCISCO (Reuters) – Yahoo Inc's board of directors on Friday is in the third and final day of meetings that could decide the future of one of Silicon Valley's most prominent but troubled companies. One option on the table for the nine board members is whether to sell Yahoo's core business, which includes Mail, its sports sites, and advertising technology. The company is also in the process of deciding whether to continue with the spinoff of its $30 billion stake in Chinese e-commerce company Alibaba Group Holdings Ltd. SunTrust analyst Robert Peck said the board might hold off on any decision because of the complexity of some of the options.
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Yahoo board in final talks on future of company
Yahoo shares rise as board meets and considers sale of Web business
December 3, 2015 By
Plans by Yahoo Inc's board to consider selling its struggling Internet business sent the company's shares up nearly 6 percent on Wednesday, as investors cheered a potential new way to separate Yahoo's traditional services from its valuable investment in Chinese Web merchant Alibaba. Yahoo's board is weighing the sale of the Internet business at a three-day board meeting starting on Wednesday, a source familiar with the matter told Reuters. Chief Executive Marissa Mayer's attempts to revive the traditional business have born little fruit, and almost all of Yahoo's market capitalization of about $34 billion is ascribed to its stakes in Chinese e-commerce company Alibaba Holding Group Ltd and Yahoo Japan Corp .
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Yahoo shares rise as board meets and considers sale of Web business
Yahoo shares rise as board meets and considers sale of Web business
December 3, 2015 By
Plans by Yahoo Inc's board to consider selling its struggling Internet business sent the company's shares up nearly 6 percent on Wednesday, as investors cheered a potential new way to separate Yahoo's traditional services from its valuable investment in Chinese Web merchant Alibaba. Yahoo's board is weighing the sale of the Internet business at a three-day board meeting starting on Wednesday, a source familiar with the matter told Reuters. Chief Executive Marissa Mayer's attempts to revive the traditional business have born little fruit, and almost all of Yahoo's market capitalization of about $34 billion is ascribed to its stakes in Chinese e-commerce company Alibaba Holding Group Ltd and Yahoo Japan Corp .
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Yahoo shares rise as board meets and considers sale of Web business
Wall Street pares gains after weak manufacturing data
December 1, 2015 By
The Institute for Supply Management (ISM) said its index of national factory activity fell to 48.6, the first time the index went below 50 since November 2012. A reading below 50 indicates contraction in the manufacturing sector. Chicago Fed President Charles Evans is scheduled to speak at an event at 12:45 p.m. ET.
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Wall Street pares gains after weak manufacturing data