Latest Business News: Fed's Fisher is Comfortable With Rise in U.S. Yields

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Latest Business News: Fed's Fisher is Comfortable With Rise in U.S. Yields

Latest Business News: Fed's Fisher is Comfortable With Rise in U.S. Yields
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Latest Business News: Fed's Fisher is Comfortable With Rise in U.S. Yields

Wochit 0:43 mins

Federal Reserve policymaker Richard Fisher said he was comfortable with the rise in U.S. Treasury yields following the central bank's signal it planned to slow its support, but cautioned that a big spike would be "destructive". According to a report from the Korea Times, electronics giant Samsung plans to close its desktop business in order to focus on tablets and all-in-one laptops. Longtime competitors Microsoft and Oracle said they will work together to make their products more compatible for customers wanting to move their computing environments to the cloud.

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