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