  | | | Could take 5-8 years to shrink Fed portfolio: Yellen | | NEW YORK/WASHINGTON (Reuters) - The U.S. Federal Reserve is in no rush to decide the appropriate size of its balance sheet, but if it ultimately shrinks it to a pre-crisis size, the process could take the better part of a decade, Fed Chair Janet Yellen said on Thursday. | | | |  | | | Asia success still long shot for ambitious Fiat Chrysler | | DETROIT (Reuters) - If Fiat Chrysler Automobiles wants to become a significant force in Asia, it needs to succeed in China. But its track record so far in the world's largest automobile market raises doubts about its ability to deliver on growth promises, analysts say. | | | |  | | | Glencore Xstrata names ex-BP boss Hayward as chairman | | LONDON (Reuters) - Glencore Xstrata confirmed Tony Hayward as permanent chairman of the mining and commodities trading group, sealing the former BP chief executive's comeback from the worst offshore oil spill in U.S. history. | | | |  | | | Barclays axes 19,000 jobs, reins in Wall Street ambitions | | LONDON (Reuters) - Britain's Barclays reined in its ambitions to be a Wall Street powerhouse on Thursday and signaled a return to its retail roots with a plan to hive off much of its investment bank and axe one in four jobs at the division. | | | |  | | | Target's first misstep in Canada may have been wrong footprint | | TORONTO (Reuters) - Target Stores Inc's problems in Canada may have started with its first step: deciding to occupy the premises of a failed discount chain that didn't have the panache Canadians anticipated they would find in a retailer renowned for its "cheap chic." | | | | |  |  | | | 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 | |
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