China pumps $100 billion into banks to boost economy
Wednesday’s 0.5% cut in the ratio of reserves Chinese banks are required to hold was widely expected following last November’s cut in key interest rates, and China’s oft stated commitment…
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The Apple Watch will flop. Here’s why
Wearable devices haven’t taken off for that reason: The functionality doesn’t justify their price. As serial tech investor Fred Wilson predicted earlier this year, “Another market where the reality will…
NBC’s Brian Williams recants Iraq attack story
“I don’t know what screwed up in my mind that caused me to conflate one aircraft with another,” he added. The damaging revelation may harm Williams’ credibility. Williams was embedded…
21st Century Fox posts strong earnings despite network struggles
Surprising fall blockbusters like “Gone Girl” and “The Maze Runner”which brought in $367 million and $340 million worldwidehelped to lead the way. – Most stock quote data provided by BATS….
Slam dunk: Under Armour wows again
Related: No way, Under Armour! Nike swooshes in with $300 million to keep Kevin Durant The Baltimore-based company’s shoes, women’s clothing and international expansion are its fastest rising stars. Sneaker…
Target Canada: everything must go
Target had about 17,600 employees in Canada at the beginning of the year. Most stock quote data provided by BATS. Market indices are shown in real time, except for the…
Silk Road founder Ross Ulbricht found guilty on all counts.
Most stock quote data provided by BATS. Market indices are shown in real time, except for the DJIA, which is delayed by two minutes. All times are ET. Disclaimer. Morningstar:…
Twitter’s CEO is on the hot seat
Twitter has launched two new features that have generated excitement among the user base: the ability to send Direct Messages to a group and a camera function that allows people…
Money still tops list of things that stress Americans out the most
After financial issues, Americans singled out work and family responsibilities as two other major sources of stress in their life. – Most stock quote data provided by BATS. Market indices…
Sony: The ‘Interview’ hack won’t hurt our earnings
Related: Hack so bad, Sony’s computers still don’t work – Most stock quote data provided by BATS. Market indices are shown in real time, except for the DJIA, which is…
Apple’s timing on bonds: Perfect
This isn’t the first time Apple has had such astute timing in the bond market. The company pulled off what was then the biggest corporate bond issue ever in April…
Petrobras chief resigns amid corruption scandal
Related: World’s most corrupt industries – Most stock quote data provided by BATS. Market indices are shown in real time, except for the DJIA, which is delayed by two minutes….
Fox News breaks from pack and shows ISIS video
During Baier’s program, “Special Report,” he warned the audience about the disturbing nature of the image before explaining the news outlet’s reasoning. “The reason we’re showing you this is to…
Looking for a good job? Try these cities
“The best-positioned cities have specializations in multiple areas,” said Mark Muro, a senior fellow at Brookings’ Metropolitan Policy Program. Brookings identified 50 advanced industries nationwide. In addition to the ones…
Making money as the Fed raises rates won’t be easy
Since 1990, the Fed raised rates starting in 1994, 1999 and 2004. But those years marked the beginning of long periods of rate increases. Most experts see this rate rise…
Netflix is king of content, but don’t ignore the risks
So what’s next? The company has already promised even more original shows in the years to come. And it looks like it’s found a way to pay for it too….
Wal-mart, Target and others under fire for selling bogus supplements
Related: Hedge fund manager cries over Herbalife – Most stock quote data provided by BATS. Market indices are shown in real time, except for the DJIA, which is delayed by…
Greece tones down its debt demands
Greece’s new finance minister Yanis Varoufakis told the FT he wants to request a “menu of debt swaps” to ease the burden on Greece. Athens also hinted at asking for…
Croatia wipes out debts for 60,000 people
The program is designed specifically for households that made less than 2,500 kuna ($370) over the last three months and meet other financial criteria. – Most stock quote data provided…
American whiskey popularity grows overseas
Most stock quote data provided by BATS. Market indices are shown in real time, except for the DJIA, which is delayed by two minutes. All times are ET. Disclaimer. Morningstar:…
Sex, drugs and murder in oil country
Related: Oil boomtown could see 20,000 layoffs by June With all that expensive oil field equipment around, theft is a big issue. One company recently had a forklift stolen right…
Mysterious ‘Apple Electric Car, Inc.’ files for patent
Purcher noted in this blog that the granted patent might have been acquired by another company, because one of the inventors listed on the patent has no connection to Apple…
OPEC leader sees oil prices shooting back to $200 a barrel
Underinvestment leads to a shortage: The Secretary-General said that, “if you don’t invest in oil and gas, you will see more than $200” when it comes to future oil prices….
Ad revenue expected to drop more at the New York Times
“This is tricky territory, but some of the best news organizations in the world have already navigated it,” Baquet said. – Most stock quote data provided by BATS. Market indices…
Silk Road founder’s parents speak out
Kirk: It was like a bomb went off in the house. We had no idea anything like that was coming. CNNMoney: Tell me about the Ross you know. Lyn: Ross…
S&P to pay $1 billion to settle U.S. charges about ratings on mortgage securities
S&P had initially argued that the lawsuit lacked merit and suggested that the government was acting in retaliation for downgrading the United States credit rating in 2011. The ratings agency…
K-cup ‘Freedom Clip’ lets you brew unauthorized coffee
A spokeswoman from Keurig Green Mountain disputed the notion that it doesn’t offer choice, noting that more than 400 different beverages from 60 brands are authorized for the Keurig 2.0…
Oil refinery strike negotiators back at the table
ExxonMobil (XOM), which has employees covered by the nationwide contract, said it won’t comment on negotiations but that it wants to reach a deal “to allow us to operate safely.”…
Uber to develop self-driving cars
But the Wall Street Journal, also citing an anonymous source, batted that notion down, calling Bloomberg’s report “blown out of proportion.” The Journal said that the app Google is developing…
Caddies to PGA: Stop treating us like second-class citizens
Caddies are experts on golf courses, and a good caddie can mean the difference between a loss and a win. The complaint says “caddies also serve as coaches, strategists, general…