O), the world’s biggest coffee chain, is in talks with an Italian partner to open branches in Italy, one of the few major markets where it has yet to make an entrance, a source familiar with the matter said on Thursday.company was negotiating with Italian businessman Antonio Percassi to bring the Starbucks brand to Italy.
Although 58 of 79 respondents were expecting a move by the end of December, they were not fully convinced the U.” Financial markets are pricing in roughly an eight percent chance of a rate hike this month and a 33 percent probability in December.
Years of above average growth has entrenched the notion of a growing African middle class, but this year’s commodity price slump has exposed the fragility of many economies and the ‘Africa Rising’ image of a continent on a steep upward path.Growth forecasts are tumbling, public and private sector budgets are being axed and millions of people in Africa, where jobs are predominantly temporary, find themselves without work.
NEW YORK (Reuters) - Charles Schwab Corp, the discount brokerage pioneer that is expanding into fee-based advisory accounts, said on Thursday that third-quarter profit jumped 17 percent on higher trading commissions and interest revenue.Average daily trades for the quarter rose 13 percent to 304,000, while trading revenue jumped 9 percent to $228 million on slightly lower commission prices.
(Reuters) - Wells Fargo & Co (WFC.residential mortgage lender, reported a rise in quarterly profit for the first time in three quarters on Wednesday, helped by its purchase of commercial loans from General Electric Co (GE.
N) paid the United States $18 million to settle whistleblower allegations that it submitted false claims for labor charges to the U.Air Force, the Justice Department said on Wednesday.
TO) said it is on track to certify its new CSeries CS100 jet by the end of the year, and is 100 percent committed to the program, which has not won a new firm order in over a year.PA) over an investment in the struggling CSeries program but those discussions ended abruptly last week.
MIWD00000PUS fell 0.MSCIEF fell 1.
WASHINGTON (Reuters) - The number of Federal Reserve banks pushing the central bank to raise the rate it charges commercial banks for emergency loans rose to eight in September from five in July, minutes from the Fed’s discount rate meeting showed.Louis, Atlanta and San Francisco Fed banks joined Cleveland, Dallas, Philadelphia, Kansas City and Richmond in asking the Fed’s board to increase the discount rate to 1 percent from 0.
82 million barrels per day (bpd) from the group next year, up 510,000 bpd from the previous prediction.57 million bpd in September - up 110,000 bpd from August and almost 2 million bpd more than its prediction of the demand for its crude this year.
(Reuters) - EMC Corp, the data storage company that is preparing to unveil an agreement to be acquired by personal computer maker Dell Inc [DI.UL] as early as Monday, is also planning to seek out other suitors, according to people familiar with the matter.
Including net debt of 2 billion euros inherited as part of its separation from parent FCA, Ferrari’s enterprise value could rise to 10.1 billion) - a valuation that helped push FCA shares as much as 2 percent higher on Monday.
DE) who quit last month, will step down from his remaining posts related to the company, the Sueddeutsche Zeitung newspaper and TV stations NDR and WDR reported on Monday, without citing sources.The resignations are expected in the coming days, as soon as a few remaining formalities have been dealt with, they said.
union United Auto Workers’ leaders on Friday approved a tentative four-year contract with Fiat Chrysler Automobiles NV (FCHA.The new deal, if ratified, would reshape the way in which UAW workers at Fiat Chrysler are paid, gradually eliminating a contentious two-tier pay structure.
LONDON (Reuters) - The emissions-cheating scandal shaking Volkswagen has not affected the price of used VW diesel cars in Europe, a car valuation firm said on Friday, while warning that could change later in the year.“There is no evidence that used car prices are coming under pressure for the Volkswagen brand or for the Volkswagen group models,” Christof Engelskirchen, the Swiss-based company’s managing director, said.
interest rate hike is still probably coming in October or December despite some conflicting economic signals, a top Federal Reserve official said on Friday, reinforcing the central bank’s message over the last few weeks.Atlanta Fed President Dennis Lockhart, a well-respected centrist and a voter on the Fed’s monetary policy committee this year, said an international slowdown and last month’s weak U.
KFC and Chili’s restaurants also will begin accepting Apple Pay in 2016, she said at the Re/code technology conference in Half Moon Bay, California.But interviews by Reuters with analysts, merchants and others have suggested that Apple’s forecast may have been too optimistic and that many retailers remain skeptical about the payment system.
The potential acquisition of EMC, which has a market capitalization of $52 billion, would be the largest technology sector deal on record.“Secondly, a combination would allow Dell and EMC to provide a more complete private cloud stack.
“The problem with technology is most technology companies are too dynamic,” activist investor Pershing’s Ackman said at a CNBC event in July.” But Elliott has targeted parts of the tech industry where the moats have already been penetrated, on the bet that the business segments are ripe for consolidation.
NEW YORK (Reuters) - Billionaire bond investor Bill Gross sued his former employer Pacific Investment Management Co and its parent Allianz SE (ALVG.N, and Pimco, which he built over four decades into a $2 trillion bond fund company.