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August, 25, 2016

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Business
U.S. foreign exchange broker FXCM was illegally undercapitalized last year when it was hit by the Swiss franc revaluation and had to be rescued, U.S. regulators charged Thursday.
 
Gawker.com, the brash New York website that broke new ground with its gossipy, no-holds-barred coverage of media, culture and politics, is shutting down after nearly 14 years, brought low by an unhappy, but deep-pocketed, subject.
 
Fewer people sought U.S. unemployment benefits last week, evidence that layoffs are scarce and employers are likely hiring at a solid clip.
 
Fewer people sought U.S. unemployment benefits last week, evidence that layoffs are scarce and employers are likely hiring at a solid clip.
 
Philippines' rich-poor divide
A family rest outside their house under a bridge in Manila on Friday, Aug. 19. The Philippine economy expanded 7 percent in the second quarter, official data has shown, but President Rodrigo Duterte's new government said major changes were needed to fix one of Asia's biggest rich-poor divides.
 
ap offered a muted outlook Thursday after reporting a 43 percent drop in net income for the second quarter, weighed down by store closures.
 
Long-term U.S. mortgage rates edged lower this week, remaining at historically low levels as a potential spur to home purchases.
 
Wal-Mart's vast fleet of stores and its online business are starting to click together.
 
Consultation time
Wu Der-lang (吳德朗), head consultant of Chang Gung Memorial Hospital, speaks to the press in Taipei on Friday, Aug. 19. The selection of the hospital's 14th board of directors ended Friday. Lee Pao-chu (李寶珠), the third wife of Formosa Plastics Group cofounder Wang Yung-ching (王永慶) and former chairwoman of Chang Gung Medical Foundation, is not listed as a board member.
 
Hormel Foods reported better-than-expected quarterly sales on Thursday, as the maker of Spam canned meat and Jennie-O turkey recovered from avian flu that hit its results a year ago.
 
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