A top Federal Reserve official said on Friday she could see the U.S. central bank raising interest rates in the first half of the year, earlier than some expect, given that the economy is on a "very firm footing."
Regions
Quindell seeks to dispose of operating division
British technology and outsourcing company Quindell Plc said it had entered into exclusivity arrangements with a third party for possible disposal of an operating division to improve its working capital profile.
Free delivery creates holiday boon for U.S. consumers at high cost
For top U.S. retailers, free delivery is now the norm. That is good news for shoppers, but not so much for investors. During the just-ended holiday season, outlets from Target to Wal-Mart to Amazon
Vuzix says received Intel investment for smart glasses
Vuzix Corporation said on Friday that Intel Corp invested $24.8 million in the company to speed up the launch of Internet-connected eyewear. Intel bought preferred stock that is convertible into common shares equivalent to 30 percent of Vuzix, Vuzix said in a press release.
Bad code update triggered Yahoo, Bing search crash
Yahoo Inc and Microsoft Corp search engines temporarily went dark on Friday after Microsoft pushed out a bad code update and then struggled to roll it back, a person briefed on the outages told Reuters.
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Shake Shack Inc's filing this week for an initial public offering underscores a question for investors and foodies alike: How hungry are U.S. consumers for another burger chain?
The U.S. factory sector grew at its slowest pace in six months in December, a sign that weakness in the global economy is weighing on the United States.
Hyundai Motor Co (005380.KS) and affiliate Kia Motors Corp (000270.KS) aim to lift global vehicle sales by 2.5 percent in 2015, as capacity constraints and a weak market recovery set up the South Korean pair for their slowest expansion in 12 years.
China's growth engine looks to have ended last year on a flat note as its massive factory sector sputtered in December, though ebbing price pressures also offered scope for more policy stimulus from Beijing and across much of Asia.
Brazil's government plans to rework parts of the country's new mining code currently stalled in Congress, the new Mines and Energy Minister Eduardo Braga said on Thursday.
Brent crude LCOc1 reversed early gains to trade near $57 a barrel on Friday, as the glut of oil that has halved prices since June overshadowed investors repositioning at the start of the year for an eventual recovery.
The euro took another downward lurch on Friday, sinking to a 4-1/2 year low against the dollar on clear indications that the European Central Bank will soon embark on outright money-printing.
Euro zone politicians are not obliged to rescue Greece as the country is no longer of systemic importance to the single currency bloc, a senior member of German Chancellor Angela Merkel's party was quoted as saying.
The Arizona Coyotes have a new majority owner after Philadelphia hedge fund manager Andrew Barroway received approval to buy a 51 percent stake in the National Hockey League franchise.
