Business
Fed's Bostic: open to a rate hike if inflation progress stalls
(Reuters) - Atlanta Federal Reserve Bank President Raphael Bostic on Thursday said that if inflation does not continue to move toward the U.S. central bank's 2% goal, as he expects it will, central bankers would need to consider an interest-rate ...
Jabil places CEO Wilson on paid leave amid investigation
(Reuters) - Jabil Inc has placed Chief Executive Officer Kenneth Wilson on a paid leave since April 15 pending completion of an investigation related to corporate policies, the electronic components maker said on Thursday. The company appointed ...
Coatings maker PPG misses Q1 revenue estimates on lower sales volume
(Reuters) - PPG Industries missed first-quarter revenue estimates on Thursday due to sluggish demand in its industrial and performance coating businesses. Quarterly net sales fell about 2% to $4.31 billion from a year earlier. Analysts had ...
Morning Bid: Jitters heighten, financial conditions tighten
By Jamie McGeever (Reuters) - A look at the day ahead in Asian markets. Asian markets will hope to end a bruising week on a positive note on Friday, but fraying global sentiment and a reluctance to take on much risk ahead of the weekend amid ...
Widening development gap risks triggering destabilization, UN official says
By Andrea Shalal WASHINGTON (Reuters) - The world's poorest countries are facing debt distress and fiscal crises as foreign investment wanes and the gap with richer economies widens, risking political destabilization and unrest, the United ...
J&J wins trial over Florida woman who claimed its baby powder caused her cancer
By Dietrich Knauth NEW YORK (Reuters) - A Florida jury on Thursday concluded that Johnson & Johnson's baby powder talc product did not cause the ovarian cancer of a Florida woman who died in 2019. The lawsuit was brought by family members of ...
T. Rowe Price says 2018 Tesla pay aligned with investor interests
By Ross Kerber (Reuters) - Mutual fund firm T. Rowe Price said Elon Musk's record-breaking 2018 pay package from Tesla "demonstrated strong alignment" with the interests of investors at the electric carmaker. The comments from the 10th-largest ...
Nordstrom to evaluate founding family's interest in pursuing take-private deal
By Granth Vanaik (Reuters) - Nordstrom said the founding family behind the department store chain had shown an interest in pursuing a potential go-private deal, prompting the company's board to form a special committee of independent directors to ...
C$ gives up earlier gains as wider yield spreads weigh
By Fergal Smith TORONTO (Reuters) - The Canadian dollar steadied against its U.S. counterpart on Thursday, with the currency unable to sustain earlier gains as recent moves in yield spreads counted against it. The loonie was trading nearly ...
FBI says Chinese hackers preparing to attack US infrastructure
By Christopher Bing Nashville, Tennessee (Reuters) - Chinese government-linked hackers have burrowed into U.S. critical infrastructure and are waiting "for just the right moment to deal a devastating blow," FBI Director Christopher Wray said on ...