  | | | Yellen stays the course, says Fed to keep trimming stimulus | | WASHINGTON (Reuters) - Janet Yellen, fresh from taking the helm of the Federal Reserve, made it clear on Tuesday she would not make any abrupt changes to U.S. monetary policy, saying the central bank was on track to keep reducing its stimulus even though the labor market recovery was far from complete. | | |  | | | Wall St. ends up for a fourth session as Fed policy intact | | NEW YORK (Reuters) - Wall Street rose for a fourth straight session on Tuesday as Congress agreed to advance legislation extending U.S. borrowing authority and the Federal Reserve held off from making any changes to its schedule for trimming stimulus. | | | |  | | | Ono board clears stock market plan, defers Vodafone offer | | MADRID/LONDON (Reuters) - Directors of Spain's largest cable operator, Ono, on Tuesday agreed to push ahead with their plan to list the company on the stock market and deferred a takeover approach from Britain's Vodafone , a source with knowledge of the matter said. | | | |  | | | Barclays to cut 12,000 jobs, pays bigger bonuses | | LONDON (Reuters) - Barclays said it would axe up to 12,000 jobs this year even as it raised bonuses for investment bankers, prompting fury among politicians and unions who said it had not learned the lessons of the financial crisis. | | | |  | | | Tough winter makes economic assessment hard: Fed's Plosser | | NEWARK, Delaware (Reuters) - Assessing the U.S. economy's underlying economic trends has become more difficult because of record low temperatures and heavy snowfall across much of the nation, Federal Reserve Bank of Philadelphia President Charles Plosser said on Tuesday. | | | |  | | | Lloyds to bulk up bonus pool by nearly 10 percent: Sky | | (Reuters) - State-backed Lloyds Banking Group is handing out 395 million pounds ($651.12 million) in bonuses for last year, including an award of just under 2 million pounds to its chief executive, Sky News reported, without citing sources. | | | |  |  | | | A daily digest of breaking business news, coverage of the US economy, major corporate news and the financial markets. Register Today | | |  | |  | | | The latest Reuters articles on M&A, IPOs, private equity, hedge funds and regulatory updates delivered to your inbox each day. Register Today | | | | | | » MORE NEWSLETTERS | |
