Page 847 - Business Finance
Wall Street ends up slightly as Fed minutes support cautious stance
NEW YORK (Reuters) - U.S. stocks ended higher on Wednesday after minutes from the Federal Reserve's last meeting reaffirmed for investors that the U.S. central bank would be "patient" with respect to further interest rate hikes.
Corona maker Constellation looking to offload some wine brands
(Reuters) - Corona maker Constellation Brands Inc said on Wednesday it was looking to sell some of its lower-end wine brands, as it concentrates on the more profitable high-end segment.
GoDaddy beats quarterly profit estimates on higher subscribers
(Reuters) - GoDaddy Inc topped analysts' estimates for fourth-quarter revenue and profit on Wednesday, as the web hosting company earned more from a higher number of subscribers.
Argentina posts January primary fiscal surplus of 16.7 billion pesos
BUENOS AIRES (Reuters) - Argentina posted a primary fiscal surplus of 16.658 billion pesos ($446 million) in January, the treasury said on Wednesday, as the country looks to recover from economic turmoil and a recession last year.
Exclusive: Lyft plans to launch IPO roadshow week of March 18 - sources
(Reuters) - Lyft Inc plans to launch the roadshow for its initial public offering (IPO) during the week of March 18, making it the first U.S. ride-hailing company to debut in the stock market, people familiar with the matter said on Wednesday.
Wall Street ends higher after Fed minutes
NEW YORK (Reuters) - U.S. stocks ended higher on Wednesday as the release of the Federal Reserve's minutes from its January meeting showed policymakers thought pausing on U.S. interest rate hikes posed little risk.
Palladium surges past $1,500/oz for first time, gold steadies
(Reuters) - Palladium jumped above the $1,500 per ounce mark for the first time on Wednesday, propelled by a stark supply deficit, while gold steadied near a 10-month peak as doubts lingered over future rate hikes after the U.S. Federal Reserve released its minutes.
GoDaddy fourth-quarter revenue rises 15.5 percent
(Reuters) - GoDaddy Inc reported fourth-quarter revenue on Wednesday that rose 15.5 percent, as the web hosting company earned more from an expanded customer base.
Wall Street mostly edges up in volatile trade after Fed minutes
NEW YORK (Reuters) - U.S. stocks were mostly higher in volatile late-afternoon trade on Wednesday as the release of the Federal Reserve's minutes from its January meeting showed policymakers thought pausing on U.S. interest rate hikes last month posed little risk.
Global Markets: Asia push, Wall Street support lift stocks; oil rises
NEW YORK (Reuters) - World stocks rose on Wednesday, hitting a four-month high on hopes for progress in trade talks between the United States and China, and a supportive backdrop from major central banks also helped push risk assets higher.
CVS profit miss, rebate questions send shares tumbling eight percent
(Reuters) - CVS Health Corp on Wednesday forecast 2019 profit well below Wall Street estimates due to weakness in its pharmacy business that serves long-term care facilities and slower than anticipated growth in drug prices, sending shares down 8 percent.
Canada to release federal budget on March 19: finance minister
OTTAWA (Reuters) - The Canadian government will unveil its budget for the 2019/20 fiscal year on March 19, Finance Minister Bill Morneau said on Wednesday.
Fed minutes leave questions on balance sheet, patience
(Reuters) - Federal Reserve policymakers on Wednesday gave little sense of how long their "patient" stance on U.S. interest rate policy would last, and while promising "before too long" a plan for their $4 trillion balance sheet, left unclear what that plan would entail.
Oil settles one percent higher on hopes of market rebalance, trade deal
HOUSTON (Reuters) - Crude prices rose more than 1 percent on Wednesday to their highest level this year on hopes that oil markets will balance later this year, helped by output cuts from top producers as well as U.S. sanctions on OPEC members Iran and Venezuela.
Wall Street trades lower after Fed minutes
NEW YORK (Reuters) - U.S. stocks turned lower in volatile trade on Wednesday after the release of the Federal Reserve's minutes from its January meeting, when the U.S. central bank said it would be "patient" with respect to further interest rate hikes.
Healthcare logistics company Owens & Minor explores sale: sources
(Reuters) - Owens & Minor Inc is exploring a sale of the company, people familiar with the matter said on Wednesday, as the U.S. medical supplies distributor seeks to recover from a string of disappointing earnings.
Fed policymakers saw little risk from patient stance: minutes
(Reuters) - Federal Reserve policymakers thought pausing on U.S. interest rate hikes last month posed little risk and plenty of benefit, minutes from their Jan. 29-30 meeting showed, giving them time to assess the effects of a global slowdown and the Fed's rate hikes to date on U.S. economic momentum.
Oil rises more than one percent on hopes of market rebalance, trade deal
HOUSTON (Reuters) - Crude prices rose more than 1 percent on Wednesday to their highest this year, on hopes that oil markets will balance later this year, helped by output cuts from top producers as well as U.S. sanctions on OPEC members Iran and Venezuela.
Glencore will 'vigorously contest' $680 million tax demand
LONDON (Reuters) - Glencore on Wednesday said it would "vigorously contest" a $680 million tax demand from the British authorities linked to transfer pricing.
VW's Audi to cut 10 percent of management positions: CEO in Handelsblatt
FRANKFURT (Reuters) - Volkswagen's premium auto brand Audi plans to eliminate one layer of management or about 10 percent of the division's executive positions in a cost cutting drive, the unit's chief executive told daily Handelsblatt.