Friday, March 7, 2014
So far, 2014 is looking like the year of the big deal. Flush with cash and high stock prices, companies are buying up the competition at levels not seen since the dotcom bubble. And with Washington providing more clarity on government spending plans, CEOs are more confident their expansion hopes will pan out — especially if the economy keeps growing.
Japan's biggest brokerage Nomura Holdings has chosen a woman to head its banking arm, in what is believed to be a first for the country's male-dominated financial sector.
Wednesday, March 5, 2014
U.S. home prices rose in January after three months of declines. A tight supply of homes might have helped boost prices and offset sales slowed by cold weather.
The Oracle of Omaha is not a believer in Bitcoin.
U.S. manufacturing activity picked up in February after slowing in January amid severe winter weather, the Institute for Supply Management said Monday.
Tuesday, March 4, 2014
Naquasia LeGrand was frying chicken, sweeping floors and serving customers for US$7.25 an hour when she was recruited by union organizers to join a campaign for higher pay.
Americans spent more in January, but the increase came from a surge in spending on heating bills during the harsh winter. Spending in areas such as autos and clothing declined.
Sunday, March 2, 2014
Citigroup reduced its 2013 earnings by US$235 million on Friday, saying it was a victim of fraud committed by a Mexican oil services company to secure hundreds of millions of dollars in short-term loans.
Saturday, March 1, 2014
The U.S. economy grew at a 2.4 percent annual rate last quarter, sharper less than first thought, in part because consumers didn't spend as much as initially estimated.
Federal Reserve Chair Janet Yellen noted Thursday that recent economic data have pointed to weaker-than-expected gains in consumer spending and job growth. She said the Fed will be watching to see whether the slowdown proves only a temporary blip caused by severe winter weather.