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Updated: 1 week 5 days ago

CME Group Faces Technical Glitch that Halts Trading for Four Hours

Mon, 08/25/2014 - 11:30

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On Monday a technical glitch led to delay on the start trading on the electronic platform of CME Group. It was late by almost four hours and this latest hitch to hit the largest futures market operator of the world.

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Florida’s Signature Crop Threatened by a Deadly Disease Called Citrus Greening

Mon, 08/25/2014 - 11:28

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Florida's main agricultural crop has received a devastating blow from a non curable disease called the Citrus greening.

Unstoppable insects pass the fatal bacteria from one tree to the other and the worst part is that there is no cure for the terrorizing bacteria that kills an infected tree in approximately five years time.

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Survey Shows Lesser Number of Economists Believe US Monetary Policy to be on Right Track

Mon, 08/25/2014 - 11:27

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On Monday a new survey that was released showed that though economists agree that the monetary policy of the Federal Reserve is heading towards the right direction, but they also feel that the U. S. also requires ratifying structural policies so as to intensify the economic growth.

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Burger King in Discussion with Canada's Tim Hortons for a Merger

Mon, 08/25/2014 - 11:25

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Burger King is in talks with Canada's Tim Hortons coffee and doughnut chain for a merger deal that sources say is a stunt for tax inversion which is one of the kinds that has come under criticism lately where American companies shift their base to evade high U. S corporate taxes.

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Ackman and Valeant call for special meeting of Allergan shareholders

Sun, 08/24/2014 - 09:25

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William Ackman, who is an activist investor and Valeant Pharmaceuticals International have called for a special meeting with the shareholders of Allergan Inc over their takeover bid for the company.

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Home Depot to Bid Farewell to Blake as CEO But He Continues to Stay As Chairman

Fri, 08/22/2014 - 09:38

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On Thursday Home Depot made an announcement that Frank Blake its CEO who has held the post for quite a long time will be stepping down on November 1 making way for Craig Menear who is presently the U. S. retail president of the company. Blake has been the chairman and CEO of the company since 2007. Home Depot Inc. is the biggest retailer for home improvement in the U. S.

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UPS Store Data Breach: About 100,000 or More Customers Could Have Been Affected

Fri, 08/22/2014 - 09:32

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Hackers break into yet another system and get hands on the data of thousands of customers of PS Stores. The data breach could have affected some 100,000 or more people as it is thought to have lasted for months. Customers who used their credit card or debit card in the stores in the past one year could have been the ones whose information is at risk.

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Target Feels Progress Lies Ahead But Trims Its Outlook For the Year

Thu, 08/21/2014 - 11:03

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Target has always been counting on its traditional strength of being a leader in cheap-chic style. Tough the company's executive sound optimistic as the back-to-school season shopping begins with a sturdy note. However the retailer lowered its rest of the year profit outlook after its poor performance in the second quarter.

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Bank of America to Settle Matters With Close to $17 Billon

Thu, 08/21/2014 - 10:59

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On Wednesday a person who is familiar with the matter said that the Bank of America has settled to pay almost $17 billion to clear up allegations brought by federal and state that the bank sold mortgage-backed securities which were risky, to investors before the beginning of the national financial crisis.

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Medical Device Tax to Support Obamacare Is Not Collecting as Much Cash as was Expected

Wed, 08/20/2014 - 12:29

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On Tuesday a report of a government audit said that the 'Obamacare' tax levied on medical devices has not been catching up to standards that were expected and is falling behind its revenue target as thousands of companies are not paying up.

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Standard Chartered to Pay$300 Mln Penalty By Order of New York Regulators

Wed, 08/20/2014 - 12:27

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The financial regulator of New York State has asked Standard Chartered plc the UK-based lender to pay a civil monetary fine of $300 million. Along with the penalty the bank has also been asked to take some other remedial steps due to which it failed to perk up its controls over money laundering which were needed according to the previous settlement that it made with the regulator in 2012.

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In July Construction of New Homes Grow to Eight Month High

Wed, 08/20/2014 - 12:26

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It seems the recovery in the new-home construction is gaining speed in the U. S. The new home construction increased in July to a high that was not seen in the last eight months. This helped to lift the stock market and also improved the prospects of a wider economic recovery.

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Shares of Apple Hit a Record High Before Its New iPhone 6 Arrives

Wed, 08/20/2014 - 12:23

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On Tuesday, Apple established a record high price for its stocks and closed in to a valuation of $600 billion when it is expected to introduce an all new iPhone.

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Google: Its Growth and Stature

Tue, 08/19/2014 - 11:14

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Google went public on August 19, 2004. It raised around $1.2 billion in cash and the IPO gifted Google Inc. with a stock which was used by the company to attract a large number of intelligent engineers and purchase companies like YouTube which seemed to have a very bright future.

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A Survey Says 36% of Americans Have No Savings for Post Retirement Years

Tue, 08/19/2014 - 11:12

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A survey that was conducted recently by Bankrate. com revealed that one third or 36 percent of Americans do not have anything saved for years after retirement. This includes the 14 percent who above the age of 65 or more. The firm publishes varied information related to personal finance.

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Former Co -owners and Two Employees of Rancho Feeding Corp. Charged with Felonies

Tue, 08/19/2014 - 11:07

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The co-owners of Rancho Feeding Corp. a slaughter house in Petaluma, California that was behind a huge beef recall of meat were indicted by a federal grand jury on charges of intentionally distributing cattle that were suffering from eye cancer and dispensation of the condemned carcasses.

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Audit Report Says Illinois Overdrew Money From Federal Medicaid

Tue, 08/19/2014 - 11:04

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In a report released on Monday the federal auditors said that the state of Illinois adopted flawed technique to withdraw Medicaid money that resulted in "a perpetual treadmill effect'" in the usual overdraw of dollars which the state later on had troubles paying back.

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Slack in Demands Slide the Price of Homes in China

Mon, 08/18/2014 - 08:51

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In July the new home prices in China slipped for all the major cities and the fall was attributed to the tight mortgage lending rate by the government. Even as the property curbs were eased by the local governments it could not motivate the prospective buyers.

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Data breach in Jewel-Osco Stores Discovered

Mon, 08/18/2014 - 08:47

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Once again, yet another store falls prey to hackers and this time it is Jewel-Osco which has suffered a massive data-breach. The company's system was hacked and the thieves stole data of the customers which could number in millions. Their personal information can be compromised and misused.

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Panama Canal Celebrates Its Centenary

Sat, 08/16/2014 - 11:29

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Panama Canal is one of the most magnificent engineering achievements of the world. On Friday the marvellous water way celebrated its 100th anniversary with revelry.

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