Archive | Money

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Global stock markets tumble as oil prices continue decline

In early trading on Monday the FTSEuroFirst 300 index of leading shares was up 0.7 percent, Germany's DAX was up 0.6 percent, France's CAC 40 wa...

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Volkswagen's recall plan for emissions vehicles rejected by USA regulators

California's Air Resources Board ( CARB ) has rejected Volkswagen's proposal for how it will deal with the recall of its vehicles in the state. ...

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Oxfam chief decries inequality at Davos forum

It sees as many as 7.1 million jobs being lost, mostly in white-collar office and administrative roles, with the creation of 2.1 million new job...

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Oil prices up as OPEC forecast offsets Iranian restart

Production outside OPEC will drop by 660,000 barrels a day this year, the group said yesterday in its monthly market report, deepening the decli...

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Volkswagen's recall plans rejected by U.S. environmental regulators

Volkswagen has suffered yet another setback, with California rejecting its proposed fix (a catalytic converter retrofit) and the US Environmenta...

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VW's diesel fix plan rejected by the U.S. regulators

The agency also issued to VW a notice of 13 violations. Two issues that contributed to the plan's rejection include lack of specificity in de...

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Volkswagen's recall plan for emissions vehicles rejected by U.S. regulators

Although this rejection only applies to VW's fix for 2.0-litre engines, a fix for the firm's 3.0-litre engines is due to be submitted to CARB ...

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California Regulators Reject VW Recall Plan

In a statement, California's Air Resources Board (CARB) said it has rejected proposals put forward by VW to rectify cars with its 2.0-litre dies...

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NYC to receive $176 million in federal funding for storm protection infrastructure

The storm protection project will be used to guard the city against floods, but will also develop the waterfront for better recreational and com...

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Who Won the Last Democratic Debate? Snap Poll Indicates Bernie Sanders Did

Ms. Clinton , by contrast, urged less sweeping action to build on President Barack Obama's health care plan by reducing out-of-pocket costs and...

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ShopClues raises $100 million; plans IPO in 2017

The company said its gross merchandise value (GMV, or the cost of goods sold) has grown over four times since January 2015 and that it expects t...

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Oil shock seen hitting Canadian bank profits in 2016

Marion said that by his team's calculations, the loonie should have shed about 10 cents against the USA dollar in the past few months. To be c...

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General Electric Company (NYSE: GE) Stock Target Price Update

General Electric Company is up 2.4% in the last 3-month period. Now the company Insiders own 0.10% of Ford Motor shares and Institutional Inve...

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Adidas release groundbreaking laceless boot

The German playmaker has delighted fans this season, racking up 16 magical assists, and his incredible first touch to pluck the ball out of the ...

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Huge demand for UEFA EURO 2016 tickets continues

They join the much larger Poland, France and Austria, as well as the host's neighbor, Switzerland. Tickets are to be allocated on a priority s...

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Cuban Government Granted a US Trademark for Havana Club Rum

Pernod has said that it could potentially sell 1.7 million cases of Cuban rum in the US if the embargo was lifted. "The Arechabala family ... ...

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Walmart Closing 269 Stores Worldwide-154 in the US Means 10000 Layoffs

With most of the closed stores within 10 miles of another Walmart , "the hope is that these associates will be placed in nearby locations", t...

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Walmart Closing 269 Stores, Stratford Spared

Most of the stores being closed are smaller-footprint businesses, called Walmart Express stores, located in the south. They include the store at...

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Amec Foster Wheeler CEO steps down

Amec said it will consider internal and external candidates for the role, but said McHoul has decided not to apply. John Connolly, Amec Foster...

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Walmart Closing 269 Stores, Milford Spared

CEO Doug McMillon told investors three months ago previously that the world's largest retailer would review its fleet of stores. "We are commit...

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Poland's PM: No risk of EU sanctions against Poland

It's slander". "The downgrade reflects our view that Poland's system of institutional checks and balances has been eroded significantly", S&P ...

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Who won Sunday's Democratic 2016 presidential debate?

Sanders is also taking on the argument that he's not as "electable" as Clinton, telling views he performs better in matchups against Republican ...

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Google's Driverless Cars Had 13 Near-Misses

The vast majority of these disengagements had to do with technical glitches. Should the reported deal pushes through, reports claim that Ford ...

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Lyft Lowers Prices In Latest Rideshare War With Rival Uber

We've asked a Lyft representative for more details about how the news will affect driver take-home pay, and we'll update here when we hear bac...

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GE to still have CT presence

That said, it's no secret that Cuomo was trying to lure GE to NY, and his efforts might explain why the company's move to Boston was portrayed...

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Google Reports 13 Incidents With Self-Driving Cars

He said it remains hard to gauge how Google's cars compare to accident rates among human drivers, since even the best data underreport minor c...

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GE cutting thousands of European jobs after takeover deal

The company won government support for the transaction by assuring that it will create 1,000 jobs in France. GE France spokesman Laurent Worms...

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GE's Leaving Connecticut - Here's Why You Should Care

GE has done so much for Stamford, especially the Stamford Public Schools and we are thankful for their generous philanthropy. Malloy said his ...

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GE set to announce location of new corporate headquarters

The company has been conducting a nationwide search for a new headquarters since last summer when it announced previous year that it was unhap...

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Wal-mart to close Bedford Supercenter on January 28

The move also marks the end of its pilot Wal-Mart Express program, a bid to create a network of small corner stores that began in 2011. More tha...

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Two Walmart Express stores in Chicago to be shuttered

The company plans to place as many employees as possible in nearby stores. Considerably smaller, Wal-Mart Express sells such essentials as tooth...

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Polar Bear Plunge in Wildwood

The attendance goes up each year and so does the money being raised, said Lou Hannon, a retired Camden Law Enforcement Officer who co-chairs the...

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PNC Financial Services tops Street 4Q forecasts

Moreover, PNC Financial announced FY15 EPS to be $7.39, against the consensus estimate of $7.02. Shareholders of record on Tuesday, January 19th...

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Hyatt releases list of hotels affected by data breach

The malware was invented to collect payment card data - cardholder name, card number, expiration date and internal verification code - from card...

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IMF Boss: Nigeria Needs Flexibility in Setting Monetary Policy

Ms. Lagarde said while "Nigeria's economic diversification is remarkable", the country's 2016 economic outlook "is not high". "On recurrent ex...

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