The Traderszone Network

Nissan Motor Co will be able to meet its goal of taking 10 percent of the U.S. market in two years without any major new investments and by making use of capacity available at factories in Japan and South Korea, a top executive said on Friday. With sales in the United States growing at nearly twice the pace of the overall market last year, Japan’s No.2 automaker has been expanding capacity at its North American plants but needs more to meet demand.

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The Federal Reserve should make a change to its policy statement next month that would allow it to monitor inflation readings through the spring and then hike interest rates some time in the summer, a top Fed official said on Thursday. “If expected inflation goes back to more normal levels then I’d have confidence that actual inflation would follow behind.

Directors Charles “Chad” Holliday, who chaired the bank’s board until chief executive Brian Moynihan took on that role in October, and Clayton Rose will not stand for re-election at the company’s annual meeting this spring. On Oct 30, Holliday was appointed chairman of Royal Dutch Shell PLC (RDSa.L), and on Jan. 26, Rose was announced as the next president of Bowdoin College in Brunswick, Maine. He will be succeeded by Rudolf Bless, currently the deputy chief accounting officer.

Citi strategists on Thursday urged European firms to use historically cheap borrowing costs to buy back their own shares, a practice embraced by U.S. companies in recent years that has also attracted criticism. What European companies should do with their trillion-dollar cash pile in a world of rock-bottom interest rates and cheap central-bank money has become a hot topic for investors, as carrying cash on balance sheets becomes costlier while borrowing funds for everything from mergers to buybacks becomes cheaper.

General Motors Co’s (GM.N) decision to shutter a car factory in Indonesia comes as global automakers rethink the timing and scope of investments in emerging markets once touted as engines of growth. Global automakers poured billions into Brazil, Russia, India, China and other emerging markets during the past few years.

For the past six years, Macy’s has focused more on cutting costs and streamlining its operations rather than expanding as a way to fuel earnings. Macy’s said this week it would spend $1.2 billion to expand internationally and set up off-price stores, which sell items such as seconds, returned goods and off-season merchandise at prices that squeezed middle-class customers have found increasingly attractive since the 2008 recession. Since so many peoples’ salaries are off-price they also need to shop that way,” said Robert Brusca, chief economist at consulting firm Fact and Opinion Economics.

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KFC announces it will serve coffee in edible cups in its U.K.

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