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Updated: 44 min 43 sec ago

Brazil police arrest Grupo Galvão CEO in Petrobras probe

1 hour 16 min ago
SAO PAULO (Reuters) - Brazilian police on Friday arrested the CEO of Grupo Galvão, the latest executive seized in a corruption probe focused on state-run oil firm Petroleo Brasileiro SA.

Intel in talks to buy Altera, shares of firms surge

1 hour 34 min ago
(Reuters) - Intel Corp is in talks to buy fellow chipmaker Altera Corp in a deal likely to top $10 billion, according to a source familiar with the matter, making it Intel's biggest purchase ever and the latest merger in the quickly consolidating semiconductor sector.






Yahoo, Microsoft extend search partnership talks for 30 days

1 hour 50 min ago
SAN FRANCISCO (Reuters) - Yahoo Inc and Microsoft Corp agreed to extend by 30 days the deadline to re-negotiate a ten year search deal, as the two Internet companies attempt to revamp a thorny partnership crafted by former chief executives.






Fed's Yellen sees gradual rate hikes starting this year

2 hours 26 min ago
SAN FRANCISCO/WASHINGTON (Reuters) - Federal Reserve Chair Janet Yellen signaled that the U.S. central bank will likely start raising borrowing costs later this year, even before inflation and wages have returned to health, but emphasized the return to normal interest rates will be gradual.

U.S. economic growth slows in fourth quarter; corporate profits fall

3 hours 38 min ago
WASHINGTON (Reuters) - U.S. economic growth cooled in the fourth quarter as previously reported and after-tax corporate profits took a hit from a strong dollar, which could undermine future business spending.






Wall St. ends four-day skid on late tech rally

3 hours 59 min ago
NEW YORK (Reuters) - U.S. stocks rose modestly on Friday after late news of merger talks in the semiconductor space boosted the technology sector and helped major indexes snap a four-day losing streak.






Lender says will make 'significant' new bid for RadioShack

4 hours 32 min ago
WILMINGTON, Del (Reuters) - A lender to bankrupt RadioShack Corp told a U.S. judge on Friday it was prepared to present a new offer that was a "significant improvement" over a rival proposal that was selected as a winning bidder at an auction this week.






Oil dives 5 percent as worries about Iran talks trump Yemen

4 hours 46 min ago
NEW YORK (Reuters) - Oil tumbled 5 percent on Friday, erasing the previous session's gains, as Yemen's conflict looked less likely to disrupt Middle East crude shipments and investors turned their focus to talks for a potential Iran nuclear deal that could put more supply on the market.






Google to pay CFO Porat more than $70 million

4 hours 51 min ago
(This March 26th story has been corrected to remove 'in the next two years' from headline and first paragraph)

As 3G digests Kraft deal, rivals will focus on organic firms

5 hours 48 min ago
NEW YORK (Reuters) - The macaroni and ketchup merger of Kraft Foods Group and H.J. Heinz Co may prove a boon to the far smaller natural and organic food companies that have seized market share as consumers shift away from processed foods, bankers and portfolio managers said.

Fed weighs insurers' proposal for new capital rules

6 hours 9 min ago
WASHINGTON (Reuters) - The U.S. Federal Reserve is considering a proposal from life insurers that could delay the implementation of a costly nationwide capital framework for the $1 trillion industry, according to records of a recent meeting between the two sides seen by Reuters and people familiar with the matter.






Global shares up at end of down week, oil prices retreat

6 hours 23 min ago
NEW YORK (Reuters) - Wall Street and European stocks edged ahead on Friday but remained en route to a losing week while U.S. Treasury debt prices jumped on government data indicating U.S. economic growth was slowing.






Former American Apparel CEO Charney seeking $40 million in damages

8 hours 50 min ago
(Reuters) - The founder and former chief executive of American Apparel Inc , Dov Charney, plans to file a lawsuit claiming $40 million in damages for breaches of his employment contract, and more lawsuits are planned, his attorney said on Friday.






Neither Grexit, nor Grexident. Euro and 'drachma' in parallel?

9 hours 4 min ago
BRUSSELS (Reuters) - Greece is unlikely to exit the euro, either intentionally or accidentally. But it might be forced to introduce an alternative means of payment, in parallel to the euro, to pay some domestic bills if a reform-for-cash deal with its creditors is not secured soon, several euro zone officials said.

U.S. consumer sentiment falls in March but above forecasts

10 hours 23 min ago
NEW YORK (Reuters) - U.S. consumer sentiment fell month-over-month in March, a survey released on Friday showed, though the reading was better than expected.

Ford CEO Fields received $18.6 million in 2014 compensation

10 hours 29 min ago
DETROIT (Reuters) - Ford Motor Co Chief Executive Officer Mark Fields made $18.6 million in salary and other compensation last year, below the $23.2 million that predecessor Alan Mulally received in 2013, the company said on Friday.






Exclusive: Headhunter contacts Morgan Stanley's Fleming about CEO job at BNY Mellon

10 hours 32 min ago
(Story corrects Cavanagh's title in fifth paragraph to co-chief operating officer from chief operating officer)

Goldman climbs to top commodity bank ranking over JP Morgan

10 hours 37 min ago
LONDON (Reuters) - Goldman Sachs became the top commodities bank last year, overtaking rival JP Morgan, a consultancy said on Friday.






Central banks call for lower capital requirements on top-quality pooled debt

11 hours 14 min ago
LONDON (Reuters) - Bonds based on high-quality loans should benefit from lower capital requirements to kick-start the market in Europe, the Bank of England and European Central Bank (ECB) said on Friday.






In among the robots, veteran Toyota staffer says manual labor is key to success

11 hours 44 min ago
TOYOTA CITY, Japan (Reuters) - In a corner of Toyota's oldest factory, the Japanese carmaker's longest-serving employee preaches the benefits of craftsmanship, saying manual labor is the key to success in a highly automated automotive industry.