Career News 24/7: Business Today: Wall St. ends higher after Fed minutes; Dow's best day in a month

Wednesday, May 21, 2014

Business Today: Wall St. ends higher after Fed minutes; Dow's best day in a month

Click to View in Browser

05/21/2014

Reuters Election 2012 Daily round-up of the day's top news from the campaign trail, the White House and all the politics in between

Wall St. ends higher after Fed minutes; Dow's best day in a month

NEW YORK (Reuters) - U.S. stocks rose on Wednesday, rebounding from the previous day's broad selloff, after minutes of the Federal Reserve's last meeting showed central bankers have discussed the eventual tightening of monetary policy but made no decisions on which tools to use.

Fed begins policy exit talks, split on view of U.S. job market

WASHINGTON (Reuters) - Federal Reserve policymakers last month began to lay groundwork for an eventual retreat from their extraordinarily easy monetary policy with a discussion of the tools they could employ to accomplish the task, with no final decisions taken.

GM adds 218,000 older cars as number of U.S. recalls this year hits 29

DETROIT (Reuters) - General Motors Co is recalling more than 218,000 older Chevrolet small cars in the United States and its territories due to a potential fire hazard, bringing U.S. recalls at the automaker this year to 29 and a record number of vehicles.

Exclusive: Reynolds American, Lorillard in advanced merger talks

NEW YORK (Reuters) - Reynolds American Inc is in active discussions to buy Lorillard Inc in a complicated, three-way transaction that could see British American Tobacco PLC take a major role to back a potential merger, according to people familiar with the matter.

Senate backs Fischer for Fed board

WASHINGTON (Reuters) - The U.S. Senate on Wednesday approved Stanley Fischer's nomination to the Federal Reserve Board of Governors, adding a potentially influential voice to the developing debate over Fed policy in the post-crisis era.

Fiat Chrysler CEO says automakers now more sensitive to safety issues

WASHINGTON (Reuters) - Fiat Chrysler Automobiles Chief Executive Sergio Marchionne said on Wednesday that the fallout from General Motors' delay in recalling millions of cars for faulty ignition switches has prompted automakers to be more sensitive to safety issues.

Boeing wants to be more like Apple, CEO McNerney says

SEATTLE (Reuters) - Boeing Co Chief Executive Jim McNerney said the company wanted to be more like Apple Inc in the way it innovates, rather than doing a "moon shot" development every 25 years.

Target shows signs of turnaround but discounting mutes outlook

(Reuters) - Target Corp reported a 16 percent drop in first-quarter profit but showed some signs of progress in its efforts to rebuild customer confidence in the wake of a massive theft of payment card data and a botched expansion into Canada.

BP to appeal Gulf oil spill payment ruling to U.S. Supreme Court

(Reuters) - BP Plc, seeking to limit costs related to the 2010 Gulf of Mexico oil spill, said it would ask the U.S. Supreme Court to review whether it must pay some businesses for economic damages without proof that the spill caused such losses.

Swiss pressure rises on Credit Suisse boss Dougan after U.S. deal

ZURICH (Reuters) - Pressure on Credit Suisse boss Brady Dougan to quit shows no signs of abating in Switzerland following this week's $2.5 billion settlement with the U.S. authorities over charges that it helped Americans evade taxes by hiding their assets in secret bank accounts.