Finance

Finance China's fixed-asset investment up 8.9% in Jan-Feb
Author: 0 China's fixed-asset investment up 8.9% in Jan-Feb

China lowered its 2017 growth target to around 6.5 percent, the lowest target in a quarter of a century. Data from the National Bureau of Statistics showed Monday that China's industrial production increased at a faster-than-expected pace in the first two months of the year.

Finance Neiman Marcus is considering a sale
Author: 0 Neiman Marcus is considering a sale

Reuters reported this month that Hudson's Bay had yet to line up equity financing for a bid for Macy's, over a month after approaching it for a merger. Neiman Marcus says it has hired financial advisers to help it "explore and evaluate potential strategic alternatives" which may include the sale of the company.

Finance Fed Eyes Rate Rise, Wall Street Wants Clarity on 2017 Outlook
Author: 0 Fed Eyes Rate Rise, Wall Street Wants Clarity on 2017 Outlook

The reaction of markets across the world is even less predictable. However, given the above-trend growth of the United States economy, Mr Sherwood argues the Federal Reserve is "way behind the tightening curve". How will the market react? This rise was heavily trailed in recent weeks and has been priced in as a certainty by market participants in New York, London and Tokyo - though some would be surprised by a half-point rise.

Author: 0 Secretary of State Tillerson used e-mail alias as Exxon CEO

In a statement to Bloomberg , Exxon spokesperson Alan Jeffers said that the Wayne Tracker account was naively used by the former CEO for "secure and expedited communications between select senior company officials and the former chairman for a broad range of business-related topics".

Author: 0 April the Giraffe to give birth to calf

They give birth to calves while standing to avoid breakage of the amniotic sac. April the Giraffe at the Animal Adventure Park in NY will give birth soon, and zoo fans are brimming with excitement. According to her keepers, April has a great appetite. April has gathered quite a few followers worldwide after she shot into limelight with her YouTube childbirth video.

Finance NCAA Tournament 2017 FREE livestream
Author: 0 NCAA Tournament 2017 FREE livestream

Villanova's Josh Hart , left, and Phil Booth watch the broadcast of the NCAA men's basketball tournament selection show Sunday, March 12, 2017 , in Philadelphia. 8 seed vs. Duke, though, added three great wins, wins better than most tournament teams have cumulatively over the course of three months. You can get one here, here or here.

Finance Raphael Bostic Named to Lead Atlanta Fed
Author: 0 Raphael Bostic Named to Lead Atlanta Fed

He will likely occupy a seat on the Federal Open Market Committee in 2018, when the Atlanta Fed gets its turn at a rotating position on the monetary policy panel. The Brookings Institution notes that throughout the history of the Federal Reserve System, zero of the 134 different presidents of Federal Reserve Regional Banks have been African American or Latino.

Finance Intel to buy Mobileye for $15.3 billion
Author: 0 Intel to buy Mobileye for $15.3 billion

With those companies under its belt, MobilEye's sensor technology, and its own microprocessor expertise, Intel could be poised to offer a fully-integrated autonomous driving solution to carmakers. Currently, both companies are already collaborating with German automaker BMW on a project to make around 40 self-driving test vehicles on the road in the second half of this year .

Finance Billionaire Bill Ackman Sells Disastrous Valeant Investment After Nearly $4 Billion Loss
Author: 0 Billionaire Bill Ackman Sells Disastrous Valeant Investment After Nearly $4 Billion Loss

Five investment analysts have rated the stock with a sell rating, fourteen have given a hold rating and six have issued a buy rating to the company's stock. When he takes a position in a company-whether his position is that it's undervalued and has loads of money-making years ahead of it or that it's a dream-killing pyramid scheme and should be shut down by the government A.S.A.P.-he does so with mind, body, and spirit.

Finance Vodafone to Add 2100 UK Customer Service Jobs
Author: 0 Vodafone to Add 2100 UK Customer Service Jobs

It plans to create roughly 800 jobs at its customer service centre in Manchester, 150 roles in Newark, hire 150 people in Stoke, and the firm is seeking 100 recruits at Vodafone's Glasgow hub. The company recently reported a 3.2 percent service revenue drop in the United Kingdom during its third quarter. The company said the new roles, which will be in place within the next two years, are geared towards enhancing the quality of its customer service operations.

Finance United States jobs surge clears the way for Fed to raise rates
Author: 0 United States jobs surge clears the way for Fed to raise rates

The US added a robust 235,000 jobs in February, while the unemployment rate fell to 4.7 per cent, official data showed. Yet no one seems very concerned. Yet for the same reason, some caution that if Trump's program fails to survive Congress intact, concerns will arise that the president's plans won't deliver much economic punch.

Finance Wood group swallows AMEC Foster Wheeler
Author: 0 Wood group swallows AMEC Foster Wheeler

Shares in Amec Foster Wheeler PLC (LON:AMFW) (LSE:AMFW.L) have surged 18.6% higher after news of an all-share merger with John Wood Group PLC (LON:WG) (LSE:WG.L). Formed three years ago in the merger of United Kingdom firm AMEC with American contractor Foster Wheeler, it has £1bn worth of debt and has announced falls in both revenues and profits owing to weakness in the crucial oil and gas market.

Finance Minneapolis liquor store opens on Sunday, despite current law
Author: 0 Minneapolis liquor store opens on Sunday, despite current law

A Minneapolis liquor store that opened for Sunday business almost four months before a new state law allowed it will lose its license for 30 days. People flocked to the store on Sunday, which Surdyk said is a bit of a boon for the city. If he disputes that he is in violation of his license a hearing will be held and the results presented to the City Council. In a letter Monday, Wilson said Surdyk "knowingly and intentionally refused to abide by a lawful notice and order to cease such ...

Finance U.S. jobs report signals Fed will raise interest rates
Author: 0 U.S. jobs report signals Fed will raise interest rates

And the response from investors hasnvestors has been something akin to a yawn. And President Trump's plan to cut taxes and regulation and boost military and infrastructure spending is stoking business confidence and markets. But now, the economy is widely considered sturdy enough to handle modestly higher loan rates. The employment-to-population ratio rose to 60%, the highest since February 2009, from 59.9% in January.

Finance Ibobi quits as Manipur CM, BJP stakes claim
Author: 0 Ibobi quits as Manipur CM, BJP stakes claim

The saffron party, which claimed support of 32 MLAs, called on Governor Najma Heptulla on Sunday. Later, National Peoples Party (NPP) leader Conrad Sangma said that Congress' letter to governor claiming his party's support was a fake. He also said that although Shyam Kumar has defected, but others will not. N Biren has been unanimously elected the leader of the legislature party and will be the next chief minister of Manipur.

Finance Senators react to Republican Health Care Plan
Author: 0 Senators react to Republican Health Care Plan

That could force her to buy higher deductible coverage or make up the difference for the same benefits. "Much less expensive and much better", with "much lower deductibles". "That might be millennials living in Los Angeles". "That's a legitimate debate", she said. California has long had a north-south divide on medical costs.

Finance Misys to merge with Canadian fintech rival
Author: 0 Misys to merge with Canadian fintech rival

Vista Equity will pay $25.50 per share in cash for DH Corporation, which is publicly traded as DH on the TSX. The deal brings the total value of private equity transactions involving Canadian targets this year to about $3.5 billion, slightly above the $3.1 billion announced during the same period in 2016, according to data compiled by Bloomberg.

Author: 0 Sturgeon Vows to Hold Second Independence Referendum after Brexit

As a majority of Scots voted to remain in the European Union, she said they should be offered the choice between the prospect of a hard Brexit - outside the single market - and independence . Sturgeon's Scottish National Party has published proposals on how Scotland could stay in the EU's single market even after the United Kingdom leaves the EU.

Finance Marissa Mayer to get $23 million severance
Author: 0 Marissa Mayer to get $23 million severance

Mayer's departure from the company is not much of a surprise as it was revealed back in January that she would be leaving Yahoo and would have no part of its merger with Verizon . Verizon has not said whether it expects Ms Mayer to continue to lead Yahoo as a unit inside the company, as Tim Armstrong, AOL's chief executive, did after Verizon acquired AOL.

Finance The Buzz: Gordmans to close stores
Author: 0 The Buzz: Gordmans to close stores

Gordmans operates 7 stores across Colorado. Gordmans is the latest victim in a struggling retail scene caused by declining foot traffic, a poor holiday shopping season and increasing competition from online retailers. The company estimated its debts total between $100 million and $500 million. Gordmans announcement comes just after Radio Shack filed bankruptcy March 8 for the second time in two years.