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Saturday, August 15, 2015
Nine major banks accused of foreign-exchange rigging have agreed to pay more than US$2 billion to investors in settlements, a law firm involved in the process said Thursday.
Friday, August 14, 2015
U.S. employers filled more of their available jobs in June, evidence that steady if modest economic growth is putting more Americans to work.
Credit rating agency Standard & Poor's praised mainland China's devaluation of its currency on Wednesday and said the move did not threaten a currency war.
Wednesday, August 12, 2015
U.S. stocks sank in early trade Tuesday after China's surprise devaluation of the yuan, seen as a bid to prop up Chinese exports that would further strengthen the American dollar.
Monday, August 10, 2015
Turning cow poo into power is profitable for US farm
For most farms, manure is a pungent problem. At Homestead Dairy, it smells like money.
The Panama Canal will temporarily limit the cargo size of ships using the waterway due to a drought caused by the El Nino weather phenomenon, authorities said Friday.
Saturday, August 8, 2015
U.S. employers added a solid 215,000 jobs in July, signaling a steadily rising job market and likely nudging the Federal Reserve closer to raising interest rates in September.
A national dairy marketing cooperative has agreed to pay a total of US$50 million to thousands of Northeast dairy farmers in an amended settlement of a long-running lawsuit accusing the group of trying to drive down milk prices, but some farmers are still opposed to the deal.
Friday, August 7, 2015
California closed an ugly chapter in its financial history on Wednesday by making its final payment on US$14.2 billion in costly borrowing that plugged a budget deficit 11 years ago but eventually cost taxpayers about US$5 billion in interest and fees.
Who are the heavyweights of the stock market?
At US$660 billion, Apple is the stock market's heavyweight. Like a handful of other "big cap" companies such as Microsoft and Exxon Mobil, the iPhone maker's market value means that when its shares move, so can the market. And these are the companies that influence your stock portfolio.
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