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MARKET SNAPSHOT: Stocks Hold At Record Levels After Fed Raises Rates For 3rd Time In 2017
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Wednesday, 13 December
Congress secures tax deal, Trump backs 21-percent corporate rate
1h ago - WASHINGTON (Reuters) - Congressional Republicans have reached a deal on final tax legislation, the U.S. Senate's top Republican tax writer said on Wednesday, with President Donald Trump saying he would back a sharply lowered corporate tax rate of 21 percent.
U.S. transit agencies cautious on electric buses despite bold forecasts
2h ago - (This December 12 story corrects attribution in paragraph 4)
Fed raises interest rates, keeps 2018 policy outlook unchanged
1h ago - WASHINGTON (Reuters) - The Federal Reserve raised interest rates by a quarter of a percentage point on Wednesday, as anticipated, but left its rate outlook for the coming years unchanged even as policymakers projected a short-term acceleration in U.S. economic growth.
Debt-laden Carillion secures deal to sell part of UK healthcare unit
12h ago - (Reuters) - Troubled British construction firm Carillion (>> Carillion) said on Wednesday it had reached a deal to sell a large part of its UK healthcare facilities management business to outsourcing group Serco (>> Serco Group plc), helping it cut its debt by 41.4 million pounds.
France's Sanofi pins hopes on new drugs after setbacks
5h ago - PARIS (Reuters) - Sanofi's (>> Sanofi) promising pipeline of experimental drugs can help it overcome setbacks including the low uptake of a new cholesterol treatment and concerns about a dengue vaccine, the French pharmaceuticals group said on Wednesday.
Npower forces Innogy to cut profit outlook, shares tumble
3h ago - FRANKFURT (Reuters) - German energy company Innogy on Wednesday trimmed its operating profit forecast for 2017, citing a persistently difficult market environment for npower, its ailing British retail energy supply business.
AirAsia Aims to Seal Deal for Leasing Arm by March
10h ago - By Yantoultra Ngui SEPANG, Malaysia--Malaysia's AirAsia Bhd. , Asia's largest budget airline by passenger volume, hopes to seal a deal for...
Stocks Seek Direction Ahead of Fed Decision
16h ago - By Kenan Machado Asian stocks struggled for direction Wednesday, after continued weakness in tech stocks weighed on the Nasdaq overnight even...
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