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Reuters: Business News

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Channel Title: Reuters: Business News
Channel Website: http://www.reuters.com

Channel Description: Reuters.com is your source for breaking news, business, financial and investing news, including personal finance and stocks. Reuters is the leading global provider of news, financial information and technology solutions to the world's media, financial institutions, businesses and individuals.

 
Stocks rally as Fed eases rate worry, tech climbs
NEW YORK (Reuters) - U.S. stocks rallied on Friday, lifted by gains in technology stocks and a retreat in Treasury yields as the Federal Reserve eased concerns about the path of interest rate hikes this year.
...read more

General Mills moves into pet food with $8 billion Blue Buffalo deal
(Reuters) - Cheerios cereal maker General Mills Inc will buy Blue Buffalo Pet Products Inc for nearly $8 billion, foraying into a fast-growing pet food market to counter declining sales of processed foods.
...read more

With rates still low, Fed officials fret over next U.S. recession
NEW YORK (Reuters) - Federal Reserve policymakers fretted on Friday that they could face the next U.S. recession with virtually the same arsenal of policies used in the last downturn and, with interest rates still relatively low, those will not pack the same punch.
...read more

Shkreli loses bid to toss stock manipulation conviction
(Reuters) - A federal judge on Friday refused to overturn former drug company executive Martin Shkreli's conviction of scheming to manipulate his company's stock price.
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Geely chairman builds $9 billion stake in Germany's Daimler
BEIJING/FRANKFURT (Reuters) - The chairman of Chinese carmaker Geely [GEELY.UL] has built a 9.69 percent stake in Mercedes-Benz owner Daimler , filings showed on Friday, demonstrating a shift in strategy by Chinese investors seeking access to new technology.
...read more

Exclusive: Nordstrom family group finalizing take-private offer - sources
(Reuters) - Nordstrom Inc's founding family group is finalizing plans to submit an offer to take the U.S. department store operator private, people familiar with the matter said on Friday.
...read more

Volkswagen settles U.S. diesel owner lawsuit on eve of trial
WASHINGTON (Reuters) - Volkswagen AG's U.S. unit on Friday resolved a lawsuit brought by a North Carolina man whose diesel emissions case was set to be the first go to trial on Monday.
...read more

Dropbox files for IPO of up to $500 million
(Reuters) - Data-sharing business Dropbox Inc on Friday filed for an initial public offering of up to $500 million with the U.S. Securities and Exchange Commission.
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U.S. banks set for M&A wave as Trump cuts red tape
WASHINGTON (Reuters) - An easing of financial rules will soon unleash pent-up mergers and acquisitions among mid-sized U.S. banks, according to deal bankers, analysts and bank executives.
...read more

BMW to recall 11,700 cars after installing wrong engine software
FRANKFURT (Reuters) - German carmaker BMW said on Friday it would recall 11,700 cars to fix their engine management software after it discovered that the wrong programming had been installed on its luxury 5- and 7-Series models.
...read more

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