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Worldwide M&A activity falls 23 pct, but U.S. has a flurry

February 19, 2016 By creative

Worldwide mergers and acquisitions deals have fallen 23 percent to $336 billion so far this year compared with last year, but cross-border activity by amount targeting U.S.-based companies reached a record high, Thomson Reuters data shows. After hitting a record high by deals value in 2015, worldwide M&A activity has been hurt this year by falling oil prices, worries about slowing growth in China and the health of the financial sector. A trio of deals for U.S. companies topped the list of M&A announced this week, including Chinese company Tianjin Tianhai’s $6.3 billion offer for U.S.-based Ingram Micro, bringing year-to-date China outbound M&A targeting the U.S. to $23.3 billion.

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Worldwide M&A activity falls 23 pct, but U.S. has a flurry

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Yellen faces tough sell on Fed rate hikes in Congress

February 9, 2016 By creative

By Jonathan Spicer and Ann Saphir WASHINGTON/SAN FRANCISCO (Reuters) – Federal Reserve Chair Janet Yellen will defend the U.S. central bank's first rate hike in a decade and likely insist that further rises this year remain on track, albeit at a slower pace, when she addresses Congress on Wednesday. Yellen, who is certain to be grilled by lawmakers on whether the economy really is ready for higher rates, will point to continued strong jobs growth even as financial markets have all but priced out any rate hikes this year and as signs of stress in the global financial system have re-emerged amid volatile markets. The Fed Chair also is likely to find herself in heated exchanges with lawmakers over the bank's perceived secrecy, with presidential candidates from both sides of the aisle now taking regular shots at the Fed on the campaign trail.

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Yellen faces tough sell on Fed rate hikes in Congress

Filed Under: Latest News Tagged With: chair-janet, congress, dollar, nikkei, over-the-bank, pessimism, san, slightly-lower, year, yellen

Weak U.S. data deluge points to sharply slower growth

January 15, 2016 By creative

By Lucia Mutikani WASHINGTON (Reuters) – U.S. retail sales fell in December as unseasonably warm weather undercut purchases of winter apparel and cheaper gasoline weighed on receipts at service stations, the latest indication that economic growth braked sharply in the fourth quarter. The growth picture was further darkened by other data on Friday showing industrial production fell in December, dragged down by cutbacks in utilities and mining output. Signs the economy has hit a soft patch – together with weak inflation, a stock market sell-off and faltering global growth – raises doubts on whether the Federal Reserve will raise interest rates again in March.

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Weak U.S. data deluge points to sharply slower growth

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Wall Street rallies on gradual Fed tightening, improving economy

December 16, 2015 By creative

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

Filed Under: Latest News Tagged With: after-the-federal, federal, floor, global-head, lengthy-debate, news-conference, question-during, raised-interest, stock, stocks-rallied, the-first, the-floor, wednesday, york

Wall Street veterans say rate-hike past is not prologue for markets

December 13, 2015 By creative

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

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Yahoo will not spin off Alibaba stake, weighs core business sale: CNBC

December 9, 2015 By creative

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

Filed Under: Latest News Tagged With: alibaba, chemical, china, combined, coming-as-soon, entrance, growing-mobile, internet, moves-represent, officer, plans, stocks-slipped, tokyo, trade-numbers

Yum CFO to leave in February, amid China spinoff

December 7, 2015 By creative

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

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Yahoo shares rise as board meets and considers sale of Web business

December 3, 2015 By creative

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

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Wall Street pares gains after weak manufacturing data

December 1, 2015 By creative

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.

Filed Under: Latest News Tagged With: 17-35-million, activity-fell, evans, florida, manufacturing, reading-below, record, spending-cuts, stock, supply

WTO talks stuck again as ministers prepare to meet, Azevedo says

November 26, 2015 By creative

By Tom Miles GENEVA (Reuters) – World trade talks are deadlocked and ministers are unlikely to find a way out of the impasse when they meet in Nairobi next month, World Trade Organization Director-General Roberto Azevedo said on Thursday. “We clearly are stuck in the negotiations at this point in time,” Azevedo told a news conference. Since then the WTO has still managed to agree a few changes to the global trading rules.

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WTO talks stuck again as ministers prepare to meet, Azevedo says

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