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MARKET SNAPSHOT: Stock Market Weakens As Fed Announces October Start To 'great Unwind'
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Wednesday, 20 September
Wall St. falls after Fed signals another rate hike this year
1h ago - (Reuters) - Wall Street's three major indexes were lower on Wednesday after the Federal Reserve signaled that it expects another rate hike by year end and disclosed timing for reducing its balance sheet.
Toshiba to sell chip unit to Bain Capital-led group for $18 billion
2h ago - TOKYO (Reuters) - Japan's Toshiba Corp (>> Toshiba Corp) agreed on Wednesday to sell its prized semiconductor business to a group led by U.S. private equity firm Bain Capital LP, a key step in keeping the struggling Japanese conglomerate listed on the Tokyo exchange.
How $5 billion of debt caught up with Toys 'R' Us
7h ago - (Reuters) - Toys "R" Us Inc has been making $400 million (£296 million) in interest payments on its debt every year, largely due to its $6.6 billion leveraged buyout in 2005. This week, it succumbed to its debt burden, leading to the biggest bankruptcy of a U.S. retailer since that of Kmart in 2004.
Diageo expects second half to drive full-year growth
8h ago - (Reuters) - Diageo (>> Diageo), the maker of Johnnie Walker whisky and Smirnoff vodka, forecast stronger sales and profit growth in the second half of its financial year after a first half affected by negative factors in China and India and higher spending.
Alibaba-backed Best Inc raises $450 million in IPO after slashing terms
16h ago - HONG KONG (Reuters) - Chinese logistics firm Best Inc priced its U.S. initial public offering at the bottom of expectations, raising $450 million after it revised terms of the deal to cope with tepid investor demand.
Trading in HTC Suspended Amid Google Takeover Reports
4h ago -
Falling Yogurt Sales Drag General Mills' Earnings--Update
7h ago -
Thyssenkrupp And Tata Steel Sign Memorandum Of Understanding For A 50/50 Joint Venture Of Their European Steel Activities
15h ago -
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