Business

US stocks rise on eurozone stimulus

Stocks on Wall Street rose in early Thursday trading after the European Central Bank unveiled stimulus measures to boost the eurozone economy. At the open, the Dow Jones rose 39.69 points or 0.23% to 17,040.05. The S&P 500 added 5.09 points, or 0.26%, to 1,994.35 while the tech-focusedNasdaq index gained 14.23 points, or 0.3%, to 4,688.61. The price of West ... Read More »

ECB stimulus surprise sends stock markets sliding

European stock markets have fallen and the euro has soared following the economic stimulus measures announced by the European Central Bank. After initially rising following the broader than expected package, Frankfurt closed down 2.3%, Paris ended 1.7% lower and the FTSE 100 slid 1.8%. The euro initially fell 1.6% against the US dollar to $1.0822 before jumping as high as ... Read More »

Home Depot settles consumer lawsuit over big 2014 data breach

Home Depot Inc (HD.N) agreed to pay at least $19.5 million to compensate U.S. consumers harmed by a 2014 data breach affecting more than 50 million cardholders. The home improvement retailer will set up a $13 million fund to reimburse shoppers for out-of-pocket losses, and spend at least $6.5 million to fund 1-1/2 years of cardholder identity protection services. Home ... Read More »

Vivint Solar terminates $2.2 billion merger with SunEdison

Rooftop solar panel installer Vivint Solar Inc (VSLR.N) said on Tuesday it had terminated an agreement under which it would have been taken over by solar energy company SunEdison Inc (SUNE.N) after SunEdison failed to “consummate” the deal. The cash-and-stock deal, worth $2.2. billion when it was forged last July, had faced criticism from hedge funds and other investors as ... Read More »

VW faces Allianz suit over share drop; jobs under threat after scandal

German insurer Allianz (ALVG.DE) plans to sue Volkswagen (VOWG_p.DE) over the sharp drop in its shares as a result of the carmaker’s diesel emissions scandal, a source familiar with the situation told Reuters. If successful, the lawsuit would add to financial pressures on Volkswagen that its chief executive said on Tuesday would be “substantial and painful”. At the same time, ... Read More »

Citigroup markets, investment banking revenue slow: CFO

Citigroup Inc (C.N) first-quarter markets revenue is running 15 percent lower than a year earlier and its investment banking revenue is off by 25 percent, Chief Financial Officer John Gerspach said on Tuesday. “It has been a tough quarter,” Gerspach said at an investor conference. The company expects to take a $400 million charge in the quarter “to resize both ... Read More »

Wall Street dips as oil falls, China data disappoints

Wall Street was lower on Tuesday as oil prices slipped and weak Chinese data rekindled fears of a global economic slowdown led by the world’s second-biggest economy. China’s February trade performance was far worse than economists had expected, with exports tumbling the most in over six years. The report weighed on markets worldwide. U.S. crude fell nearly 3 percent, while ... Read More »

Amazon posts VR job on Glassdoor

SAN FRANCISCO – Amazon is tossing its oversized hat in the virtual reality ring, joining content-producing rivals Hulu and Netflix in a quest to woo consumers with what promises to be the next great tech trend. In a posting on the job networking and employer assessment site Glassdoor, Amazon is recruiting for a senior development manager for its VR program ... Read More »

United buys more 737s, plans to retire 747s

United Airlines said on Tuesday that it would buy 25 new Boeing 737-700 jets, an order that comes in addition to a previous order for 40 of the same jets that United made in January. United will begin taking delivery of the first 737-700s from the latest order in late 2017. United said the 737-700s will allow it to fly “larger, more efficient ... Read More »

Company Growth 101: Simple Steps To Exact Positive Change

If company growth is one of your primary professional objectives, know that realizing it will take work. However, the end result of your hard efforts will be a business that emerges as an industry leader with a substantive base of loyal consumers. There are several company growth techniques and tools you can use to make it happen. Here are three ... Read More »