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Updated: 16 hours 19 min ago

McDonald's CEO Don Thompson to retire

Wed, 28/01/2015 - 23:30
(Reuters) - McDonald's Corp said Chief Executive Don Thompson would retire at the end of February and be succeeded by Steve Easterbrook, the company's chief brand officer.

LSE to put Russell Investments up for sale for 923 million pounds

Wed, 28/01/2015 - 22:58
(Reuters) - The London Stock Exchange Group Plc plans to put Russell Investments up for sale in mid-February and hopes to fetch around $1.4 billion (923 million pounds) for the unit, two sources told Reuters Wednesday.

Big banks fail to dismiss U.S. currency rigging lawsuit

Wed, 28/01/2015 - 22:55
NEW YORK (Reuters) - A federal judge on Wednesday said U.S. investors may pursue a nationwide antitrust lawsuit accusing 12 major banks of rigging prices in the $5.3 trillion-a-day (3.5 trillion pounds-a-day) foreign exchange market.

Bank of England's Carney urges Europe to take plunge on fiscal union

Wed, 28/01/2015 - 22:53
DUBLIN (Reuters) - Bank of England Governor Mark Carney urged the euro zone to take the controversial step of turning its currency area into a fiscal union in order to escape its slow-growth debt trap - a call likely to be rebuffed by Germany.

GM says it has no plans to extend ignition switch claims deadline

Wed, 28/01/2015 - 22:37
DETROIT (Reuters) - General Motors Co on Wednesday said it does not plan to extend a Jan. 31 deadline to file claims in its faulty ignition switch compensation programme, rejecting pleas from two U.S. senators to extend the cutoff.

Fed upbeat on U.S. economy, cites strong job gains

Wed, 28/01/2015 - 22:33
WASHINGTON (Reuters) - The Federal Reserve on Wednesday said the U.S. economy was expanding "at a solid pace" with strong job gains in a signal that the central bank remains on track with its plans to raise interest rates this year.

Facebook tops Wall Street revenue target in fourth quarter

Wed, 28/01/2015 - 22:22
SAN FRANCISCO (Reuters) - Facebook Inc's revenue grew 49 percent in the fourth quarter, as mobile advertising growth helped the world's largest Internet social network beat Wall Street's targets for earnings and sales.

Qualcomm cuts outlook after new chip skipped by big customer

Wed, 28/01/2015 - 21:57
SAN FRANCISCO (Reuters) - Qualcomm Inc reduced its outlook for fiscal 2015, saying it expects its newest Snapdragon mobile chip will not be used in a major customer's flagship smartphone, sending its shares lower.

U.S. bonds rally after Fed; stocks retreat

Wed, 28/01/2015 - 21:42
NEW YORK (Reuters) - U.S. bond prices rallied, with the 30-year yield hitting a record low on Wednesday as investors bet U.S. rate hikes were less likely to start soon after the Federal Reserve said inflation was running below forecasts.

Tesco recalls squash after complaints of 'foul' smell

Wed, 28/01/2015 - 21:29
(Reuters) - UK retailer Tesco Plc has recalled its No Added Sugar Double Concentrate Apple and Blackcurrant squash drink after getting complaints from customers regarding a foul smell coming from them.

Boeing fourth-quarter profit surges; sees cash rise in 2015

Wed, 28/01/2015 - 20:51
(Reuters) - Boeing Co reported a 23 percent increase in core fourth-quarter profit on Wednesday, topping analysts' estimates and sending its shares up 4.3 percent.

Oil tumbles; U.S. crude prices near six-year low on record stockpiles

Wed, 28/01/2015 - 20:31
NEW YORK (Reuters) - Oil slumped on Wednesday, with U.S. crude prices at near six-year lows, after the government reported record-high inventories in the United States that raised anxieties about the global oil glut that had pressured the market since last summer.

Fiat Chrysler meets full year profit guidance

Wed, 28/01/2015 - 19:59
MILAN (Reuters) - Fiat Chrysler Automobiles reported full-year operating profit in line with its guidance on Wednesday as strong results from North America and improving operations in Europe and Asia managed to offset weakness in Latin America.

SS&C Tech in talks to buy Advent Software for $2.3 billion - Bloomberg

Wed, 28/01/2015 - 19:44
(Reuters) - Financial software company SS&C Technologies Holdings Inc is in talks to buy accounting software maker Advent Software Inc for about $2.3 billion (1.5 billion pounds), Bloomberg reported, citing a person with knowledge of the matter.

China regulator blasts Alibaba for illegal business on its websites

Wed, 28/01/2015 - 19:28
SHANGHAI (Reuters) - A China regulator has accused Alibaba Group Holding Ltd of failing to clean up what it called illegal business deals on the e-commerce titan's platforms, in an unusually strong government criticism of one of the country's biggest private companies.

Exclusive - EU considers capital markets curbs among new Russia sanctions

Wed, 28/01/2015 - 19:26
BRUSSELS (Reuters) - New European Union sanctions against Russia could include further capital markets restrictions, making it harder for Russian companies to refinance themselves and possibly affecting Russian sovereign bonds, EU officials said on Wednesday.

Court ruling on loan fees to hit Deutsche Bank earnings - Handelsblatt

Wed, 28/01/2015 - 18:47
BERLIN (Reuters) - Deutsche Bank is facing a triple-digit million euro hit to fourth-quarter earnings after failing to set aside enough provisions to cover claims resulting from a recent federal court decision, German business daily Handelsblatt reported.

Icahn on CNBC says his son was right on Netflix, wished he bought more

Wed, 28/01/2015 - 18:45
NEW YORK (Reuters) - Billionaire activist investor Carl Icahn said on Wednesday that he sold Netflix Inc shares too soon, admitting that his son Brett and fund co-manager David Schechter were correct to believe the stock was significantly undervalued.

UK Alstom bribery investigation swings spotlight onto Hungary

Wed, 28/01/2015 - 18:33
LONDON (Reuters) - British prosecutors are investigating whether subsidiaries of Alstom, the French power and transport company at the centre of an international corruption inquiry, committed offences in Hungary, a London court heard on Wednesday.

Deloitte retains top spot among 'Big Four' accountants - survey

Wed, 28/01/2015 - 18:15
LONDON (Reuters) - Deloitte has retained top spot among the world's "Big Four" accountants, a survey showed on Wednesday, noting those leading firms had so far retained their grip on the audit market in the face of regulatory changes designed to boost competition.