Breaking business news: Fed leaves rates unchanged, sees inflation rising this year

Click to View in Browser Wednesday, January 31, 2018 Fed leaves rates unchanged, sees inflation rising this year WASHINGTON (Reuters) - The U.S. Federal Reserve kept interest rates unchanged on Wednesday but said inflation likely would rise this year, bolstering expectations borrowing costs will continue to climb under incoming central bank chief Jerome Powell. Microsoft reports better-than-expected quarterly revenue, profit (Reuters) - Microsoft Corp reported better-than-expected quarterly revenue and profit on Wednesday, helped by robust demand for its cloud computing services and flagship Azure product, which has recorded dramatic growth over several quarters. Facebook's user engagement dips on News Feed tweaks; shares fall (Reuters) - Facebook Inc reported slightly slower-than-expected growth in daily active users in the latest quarter and said changes made to the News Feed reduced the time spent by users by about 50 million hours every day. AT&T quarterly profit tops estimates, shares rise NEW YORK (Reuters) - AT&T Inc said on Wednesday that quarterly profit beat Wall Street analyst estimates, helped by impacts from tax cuts and wireless subscriber additions. Qualcomm's earnings top estimates as modem chip sales surge (Reuters) - Chipmaker Qualcomm Inc's earnings and revenue topped Wall Street forecasts for the first fiscal quarter as demand surged for its chips used in smartphones and cars, making up for a fall in licensing revenue. Wall St. ends off day's highs as Fed sees inflation rising (Reuters) - U.S. stocks finished marginally higher on Wednesday as indexes gave up early gains after the Federal Reserve said it sees inflation rising this year, signaling it remains on track to boost interest rates again in March. Japan's Fujifilm to take over Xerox in $6.1 billion deal, create joint venture (Reuters) - Japan's Fujifilm Holdings is set to take over Xerox Corp in a $6.1 billion deal, combining the U.S. company into their existing joint venture to gain scale and cut costs amid declining demand for office printing. Mondelez's profit beats on higher demand for key brands (Reuters) - Mondelez International Inc's quarterly profit beat analysts' estimates, fueled by strong demand for its key brands like Cadbury Dairy Milk and Oreo cookies in Europe and growth in emerging markets. Argentina companies list on U.S. exchanges ahead of expected rate hikes BUENOS AIRES (Reuters) - Argentine companies are rushing to list shares on U.S. exchanges beginning this week to beat an expected hike in interest rates by the U.S. Federal Reserve, analysts said, while taking advantage of an improved investor climate under President Mauricio Macri after years of populist rule. U.S. food distributors allege Tyson Foods, rivals fixed chicken prices CHICAGO (Reuters) - Top U.S. food distributors Sysco Corp and US Foods Holding Corp have joined retailer Winn-Dixie Stores [BILODW.UL] and other poultry buyers suing the country's biggest chicken processors for allegedly conspiring to inflate prices. Related Video Super Bowl commercials bet on funny Breakingviews TV: Chip M&A Counterparties is a curated snapshot of the best finance news and commentary around the web. Register Today News you can use with actionable, timely advice for managing your financial life, including retirement, taxes, real estate, education and more. Register Today » » MORE NEWSLETTERS - 3 Times Square New York, NY 10036 USA © Copyright 2018 Thomson Reuters Ensure delivery of Reuters Newsmails, add newsletters@email.reuters.com to your address book. Subscribe to other Reuters newsletters. Unsubscribe from this newsletter. Follow us on Twitter Friend us on Facebook