Business

Business

Asian shares mixed as US government shutdown threat looms

Hong Kong Financial Markets-1

HONG KONG (AP) — Asian stock markets were uneven and the dollar fell on Friday following Wall Street’s retreat as the threat of a U.S. federal government shutdown loomed on the weekend. KEEPING SCORE: Japan’s benchmark Nikkei 225 climbed 0.3 percent to 23,836.84 and South Korea’s Kospi was flat at...


Business

Berkshire Hathaway had an amazing 2017; this year isn't looking too bad, either

(c) 2018, The Washington Post. Warren Buffett’s writings, proclamations - indeed, his offhand utterances - comprise a bible of investing for the legions who follow the Berkshire Hathaway founder. How fitting, then, that his likely successors are named Jain and Abel. The Oracle of Omaha announced on...


Business

Amazon releases list of metro areas it's considering for second HQ

(c) 2018, The Washington Post. Amazon.com has released a list of 20 regions in the United States and Canada that the online retail giant is considering as possible sites for its second headquarters. The list, released Thursday, includes major metropolitan areas such as Los Angeles, Dallas and...


Business

Many companies pivot to bonuses, not raises, after new tax cuts

(c) 2018, The Washington Post. On Wednesday, yet another company -- this time Apple, which pledged to give $2,500 restricted stock awards for most of its employees, in addition to investing $350 billion in the U.S. economy -- joined the ranks of employers offering bonuses in the wake of the new U.S....


Business

Financial Markets Glance

Dow Jones Industrials High: 26,153.42 Low: 25,947.32 Close: 26,017.81 Change: —97.84 Other Indexes Standard&Poors 500 Index: 2798.03 —4.53 NYSE Index: 13,315.91 —36.48 Nasdaq Composite Index: 7296.05 —2.23 NYSE Amer Composite: 2690.86 —24.07 Russell 2000 Index: 1576.73 —9.93 Wilshire 5000 TotalMkt:...


Business

KKR, Blackstone face demand to reveal secrets in black box suit

(c) 2018, Bloomberg. A group of lawyers in a Kentucky lawsuit is pressing to shed light on information that Wall Street managers have fought for years to keep under wraps. The move seems to be a warning that lawyers supported by former class-action kingpin William Lerach intend to use hardball...


Business

US stocks can't hold gains after hitting records

(c) 2018, Bloomberg. U.S. stocks dipped one day after racing to all-time highs. The yield on 10-year Treasuries climbed above 2.6 percent for the first time since March, while the dollar failed to hold the previous day’s gain. Most major equity gauges were lower, led by weakness in real estate,...


Business

HSBC to pay $100 million to end U.S. currency-rigging probe

(c) 2018, Bloomberg. HSBC Holdings has agreed to pay $100 million in penalties to resolve a U.S. Justice Department investigation into the rigging of currency rates, according to a person familiar with the matter, part of a probe that has already led to the conviction of one of its former bankers...


Business

Amazon has a plan to become profitable: advertising

(c) 2018, Bloomberg. For more than two decades, Jeff Bezos has famously sacrificed profit for growth, persuading Wall Street that Amazon.com was best served pouring money into the logistical nuts and bolts that have turned his company into the Wal-Mart of the web. More recently, investors have...


Business

Nestle debuts natural ruby chocolate in KitKat-crazed Japan

(c) 2018, Bloomberg. Nestle SA will sweeten Japan’s Valentine’s Day with ruby-chocolate KitKats, choosing one of the world’s most candy-obsessed markets for the debut of the first new type of natural chocolate in more than 80 years. Nestle struck a deal with Zurich-based Barry Callebaut, the...


‹ Newer Older ›
×