Fall in U.S. retail sales dampens world stock market rally

Fall in U.S. retail sales dampens world stock market rally
NEW YORK (Reuters) – The steepest decline in U.S. retail sales since 2009 in December halted a broad rally in world stock markets on Thursday and pushed investors into the safety of government bonds. FILE PHOTO: Traders work on the floor of the New York Stock Exchange (NYSE) in New York, U.S., February 13, 2019. REUTERS/Brendan McDermid European shares fell... Read More

Shares and oil at three-month highs but no love for euro

Shares and oil at three-month highs but no love for euro
LONDON (Reuters) – Optimism about U.S.-China trade talks and bumper earnings lifted European shares to a three-month high on Thursday, though news that Germany only dodged recession by the narrowest of margins left the euro feeling unloved. The German share price index DAX graph is pictured at the stock exchange in Frankfurt, Germany, February 13, 2019. REUTERS/Staff Markets were generally... Read More

With eyes on China, EU lawmakers back investment screening

With eyes on China, EU lawmakers back investment screening
STRASBOURG (Reuters) – EU lawmakers overwhelmingly backed a far-reaching system on Thursday to coordinate scrutiny of foreign investments, notably from China, to protect strategic technologies and infrastructure in Europe. Members of the European Parliament take part in a voting session in Strasbourg, France, February 13, 2019. Picture taken with a fisheye lens. REUTERS/Vincent Kessler The vote was 500 in favor,... Read More

Nestle expects pick up in sales growth to be maintained

Nestle expects pick up in sales growth to be maintained
FILE PHOTO: A Nestle logo is pictured on a coffee factory in Orbe, Switzerland May 31, 2018. REUTERS/Denis Balibouse/File Photo VEVEY, Switzerland (Reuters)A – Nestle said it expected its organic sales to rise by more than 3 percent this year after an improving performance in China and North America helped growth accelerate in 2018 after six years of slowdowns. Demand... Read More

Why Walmart farms out same-day grocery deliveries to low-cost freelance drivers

Why Walmart farms out same-day grocery deliveries to low-cost freelance drivers
ALPHARETTA, Ga. (Reuters) – Jeff Leonard slides behind the wheel of his burgundy Hyundai Accord and heads to a nearby Walmart Inc store, where he picks up the package of groceries waiting for him. Jeff Leonard, a DoorDash driver, waits to pickup an order at a Walmart online grocery pickup parking lot in Cumming, Georgia, U.S., November 5, 2018. REUTERS/Nandita... Read More

Wall Street advances on trade hopes, tame inflation data

Wall Street advances on trade hopes, tame inflation data
NEW YORK (Reuters) – Wall Street closed higher on Wednesday as investor optimism was stoked over hopes the United States and China could iron out a trade deal, and benign inflation data suggested the Federal Reserve would hold interest rates steady in the near term. Traders work on the floor of the New York Stock Exchange (NYSE) in New York,... Read More

Johnson & Johnson supplier seeks bankruptcy over talc lawsuits

Johnson & Johnson supplier seeks bankruptcy over talc lawsuits
(Reuters) – A key supplier of talc used in Johnson & Johnson’s baby powder filed for Chapter 11 bankruptcy on Wednesday in the wake of multibillion-dollar lawsuits alleging its products caused ovarian cancer and asbestos-related mesothelioma. FILE PHOTO: A bottle of Johnson and Johnson Baby Powder is seen in a photo illustration taken in New York, February 24, 2016. REUTERS/Mike... Read More

Fed’s Mester sees limited inflation risk from rising wages

Fed’s Mester sees limited inflation risk from rising wages
Loretta Mester, president of the Federal Reserve Bank of Cleveland, speaks during an interview in Manhattan, New York, U.S., August 15, 2017. REUTERS/Shannon Stapleton LEXINGTON, Ky. (Reuters) – Cleveland Federal Reserve President Loretta Mester sounded a moderate tone about the effect of rising wages on inflation on Wednesday, underscoring the Fed’s pivot to a wait-and-see approach on rate hikes. Mester,... Read More

Johnson & Johnson to buy surgical robotics firm Auris for $3.4 billion

Johnson & Johnson to buy surgical robotics firm Auris for $3.4 billion
(Reuters) – Johnson & Johnson is buying privately held Auris Health Inc, which makes a robotic scope used in respiratory and lung cancer procedures, for $3.4 billion in cash to gain access to devices that make difficult surgical procedures simpler. FILE PHOTO: A Johnson & Johnson building is shown in Irvine, California, U.S., January 24, 2017. REUTERS/Mike Blake/File Photo J&J,... Read More

Companies should make own decisions on stock buybacks: Fed’s Mester

Companies should make own decisions on stock buybacks: Fed’s Mester
Loretta Mester, president of the Federal Reserve Bank of Cleveland, speaks during an interview in Manhattan, New York, U.S., August 15, 2017. REUTERS/Shannon Stapleton LEXINGTON, Ky. (Reuters) – U.S. companies should be left to make their own decisions about whether to buy back their own stock given strong economic conditions, Cleveland Federal Reserve President Loretta Mester said on Wednesday. “The... Read More