Business

Business

AT&T said to be interested in buying Yahoo Internet business

(c) 2016, Bloomberg. 25 May 2016 (Bloomberg) -- AT&T Inc. has made a bid for Yahoo Inc., according to people familiar with the matter, and is a contender to acquire the Sunnyvale, California-based company’s core internet business. The telecom giant had previously decided against making an offer,...


Government

Puerto Rico clears first hurdle with committee vote

Congress Puerto Rico

WASHINGTON (AP) — A bipartisan deal to help Puerto Rico manage its crippling finances cleared its first hurdle Wednesday with approval from a Republican-led House committee. The bill to create a financial control board and restructure some of the U.S. territory’s $70 billion debt has support from...


Business

Hedge funds may lose 25 percent of assets, Blackstone's James says


Business

Female CEOs see pay rise, but numbers remain small

CEO Pay Top 10 Women

For the second year in a row, female CEOs earned more than their male counterparts and received bigger raises. But only a small sliver of the largest companies are run by women, and experts say gender parity at the top remains way off. The median pay for a female CEO was nearly $18 million last...


Business

Report: Magic Kingdom world's top theme park, drawing 20M

ORLANDO, Fla. (AP) — Disney World’s Magic Kingdom continues to be the top amusement park draw in the world with 20.5 million visitors in 2015, according to a report released Wednesday. Disneyland in Anaheim, California, was No. 2 with an estimated 18.3 million visitors, followed by Tokyo Disneyland,...


Business

CEO pay in 2015: When a $468,449 raise is typical

CEO Pay

NEW YORK (AP) — CEOs at the biggest companies got a 4.5 percent pay raise last year. That’s almost double the typical American worker’s, and a lot more than investors earned from owning their stocks — a big fat zero. The typical chief executive in the Standard & Poor’s 500 index made $10.8 million,...


Business

Tips on recovering from financial infidelity

Financial infidelity — lying about or hiding money — can cause major problems in a relationship. The National Endowment for Financial Education has a few tips on how to deal with these issues. TALK WITH YOUR PARTNER Talking about money can be stressful. But approach the situation knowing what you...


Business

To love, honor and share a credit card statement

It’s wedding season and as many couples get ready to say their vows, they may want to have a talk about fidelity — financial fidelity. A study by Harris Poll for the National Endowment for Financial Education finds that two in five Americans who have combined finances admit to lying to their...


Business

US probes e-commerce giant Alibaba's accounting practices

Alibaba-SEC Probe

WASHINGTON (AP) — Chinese e-commerce giant Alibaba wowed investors when it went public in the U.S. in September 2014, and its profits have bucked Wall Street expectations amid the Chinese economy’s slowdown. Yet its unorthodox business structure has raised eyebrows, it’s been suspended from an anti-...


Business

Financial Markets Glance

Dow Jones Industrials High: 17,891.71 Low: 17,735.09 Close: 17,851.51 Change: +145.46 Other Indexes Standard&Poors 500 Index: 2090.54 +14.48 NYSE Index: 10,446.59 +93.03 Nasdaq Composite Index: 4894.89 +33.83 NYSE MKT Composite: 2333.15 +19.66 Russell 2000 Index: 1141.02 +5.71 Wilshire 5000...


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