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Business News
US stocks open higher as Fed's Yellen signals caution
U.S. stocks edged higher in early trading Wednesday as investors drew encouragement from news that the Federal Reserve will be more cautious about raising interest rates. Federal Reserve Chair Janet Yellen, delivering her semiannual report to Congress, said the Fed would likely move slower to raise rates if the economy disappoints. Health care and technology stocks were among the biggest gainers....
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Asahi looking to get Peroni, Grolsch beers from AB Inbev
BRUSSELS (AP) -- The Japanese brewer Asahi Group Holdings is seeking to buy the classic European beer brands Grolsch and Peroni and Britain's Meantime for 2.55 billion euros ($2.85 billion) from AB InBev, the world's biggest brewer....
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Yellen: Slower rate hikes if economy disappoints
WASHINGTON (AP) -- Federal Reserve Chair Janet Yellen said the U.S. economy faces a number of global threats that could hamper growth and compel the Fed to slow the pace of future interest rate hikes....
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Staples gets EU approval for acquisition of Office Depot
NEW YORK (AP) -- Staples has received European approval for its buyout of Office Depot and in exchange, it said Wednesday that it would split off some operations in Europe to allay monopoly fears....
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Nissan quarterly profit up on healthy sales; keeps forecasts
TOKYO (AP) -- Japanese automaker Nissan reported Wednesday a 25 percent increase in fiscal third-quarter profit to 127.2 billion yen ($1.1 billion) on strong sales....
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