Business

Exclusive: Johnson Controls explores auto electronics unit sale

Exclusive: Johnson Controls explores auto electronics unit sale

NEW YORK (Reuters) – Johnson Controls Inc is exploring a possible sale of its car electronics unit, however has no intention of promoting its automotive interiors business, the corporate mentioned on Wednesday. Three people accustomed to the matter advised Reuters earlier on Wednesday that the varied conglomerate was looking to […]

 
 

Pratt & Whitney says drive to lower F-35 costs "burned in our brain"

Pratt & Whitney says drive to lower F-35 costs "burned in our brain"

WASHINGTON (Reuters) – The top of Pratt & Whitney's militia engine industry stated on Wednesday that using down the cost of the F-35 fighter jet was "burned on our brains," however said cuts sparked by means of funds woes could sluggish the hassle. Bennett Croswell, president of Pratt & Whitney […]

 
 

Bank of Japan policy seen on hold as Shirakawa gives way to bolder leadership

Bank of Japan policy seen on hold as Shirakawa gives way to bolder leadership

TOKYO (Reuters) – The Financial institution of Japan is prone to keep monetary coverage unchanged on Thursday, maintaining hearth to look forward to new leaders who are anticipated to bring in bolder measures to try to end just about twenty years of delicate deflation. The two-day meeting that started on […]

 
 

Safety board says will issue report on Boeing 787 probe Thursday

Safety board says will issue report on Boeing 787 probe Thursday

WASHINGTON (Reuters) – The National Transportation Safety Board will issue an "interim factual document" at eleven a.m. ET Thursday on its investigation into a battery hearth aboard a Japan Airlines Boeing 787 Dreamliner aircraft on January 7. The tips will be "factual in nature and does not present any prognosis," […]

 
 

Plosser becomes second Fed official to want to pare asset buys

Plosser becomes second Fed official to want to pare asset buys

LANCASTER, Pennsylvania (Reuters) – A second Federal Reserve policymaker is looking on the U.S. imperative bank to have some patience and begin tapering the amount of bonds it is shopping for, instead of ramping up stimulus with every month. Philadelphia Fed President Charles Plosser said on Wednesday the advantages of […]

 
 

Dow ends at another record high, S&P up on job picture

Dow ends at another record high, S&P up on job picture

NEW YORK (Reuters) – Wall Boulevard mostly edged higher on Wednesday, with the Dow hitting any other document, helped by way of a private payroll survey that bodes smartly for the month-to-month jobs document due on the week's finish. Enhanced labor market knowledge from the personal sector sparked the certain […]

 
 

Exclusive: Hedge fund Portman Square scales back, CEO steps down – sources

LONDON/ZURICH (Reuters) – The manager govt of one in all Europe’s most talked-about new hedge fund companies has stepped down in a bid to save lots of costs after a tremendous investor pulled its toughen, folks accustomed to the placement stated. London-based totally Portman Sq. Capital used to be based […]

 
 

Jobs, factory data offer hope for economy

Jobs, factory data offer hope for economy

WASHINGTON (Reuters) – Non-public employers hired extra employees than expected in February and demand for a spread of manufacturing facility goods was strong in January, hopeful signs for the financial system as it deals with better taxes and deep govt budget cuts. The reports on Wednesday steered financial task picked […]