With rates still low, Fed officials fret over next U.S. recession

NEW YORK (Reuters) - Federal Reserve policymakers fretted on Friday that they could face the next U.S. recession with virtually the same arsenal of policies used in the last downturn and, with interest rates still relatively low, those will not pack the same punch.

General Mills moves into pet food with $8 billion Blue Buffalo deal

(Reuters) - Cheerios cereal maker General Mills Inc will buy Blue Buffalo Pet Products Inc for nearly $8 billion, foraying into a fast-growing pet food market to counter declining sales of processed foods.

Stocks rally as Fed eases rate worry, tech climbs

NEW YORK (Reuters) - U.S. stocks rallied on Friday, lifted by gains in technology stocks and a retreat in Treasury yields as the Federal Reserve eased concerns about the path of interest rate hikes this year.

Fed sees rate hikes on track; continued U.S. growth

WASHINGTON, (Reuters) - The U.S. Federal Reserve, looking past a recent stock market sell-off and concern about inflation, said it sees steady growth continuing and no serious risks on the horizon the might pause its planned pace of rate hikes.

Fed's Williams sticks to gradual rate-hike view

LOS ANGELES (Reuters) - San Francisco Federal Reserve Bank President John Williams on Friday stood by the U.S. central bank's guidance for gradual rate hikes ahead, saying that the economic outlook has not fundamentally changed from when that guidance was issued.

Dropbox files for IPO of up to $500 million

(Reuters) - Data-sharing business Dropbox Inc on Friday filed for an initial public offering of up to $500 million with the U.S. Securities and Exchange Commission.

Geely chairman builds $9 billion stake in Germany's Daimler

BEIJING/FRANKFURT (Reuters) - The chairman of Chinese carmaker Geely [GEELY.UL] has built a 9.69 percent stake in Mercedes-Benz owner Daimler , filings showed on Friday, demonstrating a shift in strategy by Chinese investors seeking access to new technology.

VW's profitability may take a hit from electric vehicle shift

BERLIN (Reuters) - Volkswagen said profitability could take a hit this year as the carmaker invests billions of euros in electric vehicles (EVs) and launches a raft of new models.

VW pledges rules to ensure moral and ethical behavior after latest reputational damage

BERLIN (Reuters) - Volkswagen will take steps to bring its academic research projects into line with moral standards, the carmaker said on Friday, seeking to demonstrate that lessons have been learned from the latest Dieselgate aftershock.

Stocks climb, gold set for weekly loss, as rate hike worries ease

NEW YORK (Reuters) - World shares rose broadly on Friday, with technology stocks lifting Wall Street, while gold neared its biggest weekly loss this year as investors shrugged off concerns about interest rate hikes and the U.S. dollar rose.

BRIEF-SP Plus Elects Alice M. Peterson To its Board

* SP+ ELECTS ALICE M. PETERSON TO BOARD OF DIRECTORS Source text for Eikon: Further company coverage:

Related Videos

Shale investors still waiting for payoff

U.S. oil production has topped 10 million barrels per day, but many investors in the companies driving the shale oil revolution are still waiting for their payday. Aleksandra Michalska reports.

EU leaders prepare for battle over post-Brexit budget

European Union leaders staked out opposing positions on the size and aims of the bloc's budget on Friday ahead of tough negotiations to deal with a hole in Brussels' finances created by Britain's planned departure next year. David Pollard reports.
Read Reuters on the go

Download the free Reuters News app today for breaking news, analysis and market data from the world's most trusted news organization.

Get the app