Finance


Wal-Mart To Increase Pay For 1.2 Million Employees
- January 22, 2016

After completing the company's new retail skills and training program known as Pathways, the pay will increase to $10. The store is one of 154 closing in the United States. TOWN OF WAUKESHA -Wal-Mart Stores Inc. notified the state Tuesday the number of employees who may lose their jobs when four metro Milwaukee locations close is 487. (more...)
Obama plans to visit with Detroit residents during trip Obama plans to visit with Detroit residents during trip
- January 22, 2016

He said he met with Flint Mayor Karen Weaver on Tuesday and had a message for her. I ran for president to do what needed to be done.' And I placed my bet on you. President Obama once mocked Washington , D.C., for its inability to handle snowstorms, but even he is planning to stay inside as a potentially historic blizzard bears down on the town this weekend. (more...)
DiCaprio comments on his lack of Oscars DiCaprio comments on his lack of Oscars
- January 21, 2016

The team of "The Revenant", who now stand a chance to win in categories like Best Film Editing , Best Cinematography , Best Visual Effects , Best Costume Design and Best Sound Mixing , might also walk away with top honours including Best Picture and Best Director . (more...)
UberEATS standalone app to come to US in coming weeks UberEATS standalone app to come to US in coming weeks
- January 21, 2016

Just like the main Uber app, UberEats partners with two restaurants per day where meals can be offered to customers. Rideshare giant Uber has been cautiously wading into the food delivery waters with its UberEats service, which originally launched back in September 2014. (more...)
Goldman profit slumps after huge mortgage-backed bond settlement Goldman profit slumps after huge mortgage-backed bond settlement
- January 20, 2016

Investment banking revenues rose 9% year-on-year to $7.03bn, helped by strong M&A activity in the USA helping lift financial advisory turnover 40% to $3.47bn. Stock-trading revenue fell 9 per cent to $US1.76 billion from $US1.93 billion. The Investing & Lending segment invests in and originates longer-term loans to provide financing to clients; and makes investments in debt securities and loans, public and private equity securities, and real estate entities. (more...)
Twitter was down for many users Twitter was down for many users
- January 20, 2016

By 1000 GMT services for some affected users in Europe started to return although access remained spotty. Twitter users in Europe, North America, the Middle East and Africa all complained of the service going down, according to Reuters . (more...)
Microsoft to warn email users about govt hacking attempts Microsoft to warn email users about govt hacking attempts
- January 06, 2016

The policy shift at the world's largest software company follows similar moves since October by Internet giants Facebook Inc, Twitter Inc and most recently Yahoo Inc. Microsoft has announced the company will begin to notify users of state-sponsored attacks that target their account details in addition to the software maker's current reporting measures. (more...)
Bridgestone raises offer for Pep Boys to $947M, tops Icahn Bridgestone raises offer for Pep Boys to $947M, tops Icahn
- December 25, 2015

Initially, Bridgestone had offered $15 per share, but raised their bid to $15.50 to match Icahn. Bridgestone agreed to buy Pep Boys in October for $15 a share, and the bidding war between the tire company and Icahn has grown more heated since. (more...)
Canada Off Target for 10000 Syrian Refugees in 2015 Canada Off Target for 10000 Syrian Refugees in 2015
- December 24, 2015

But there are certain factors outside our control", McCallum told reporters during a briefing on the Syrian refugee effort. While there he met with prospective Syrian refugees for resettlement, and also had lunch with refugee families who will be arriving in Canada for settlement this week. (more...)
Gas Prices in NC Drop Below $2 Gas Prices in NC Drop Below $2
- December 21, 2015

Interestingly, Frederica's lone station offered gas for $1.94 a gallon, the second cheapest in the state. And experts believe gas will slightly lower next year. This week's national average is $2 per gallon, down by less than a penny from last week. These lower gas prices are largely being driven by the falling price of West Texas Intermediate crude oil, which began this week closing Monday at $36.31, a gain of 69 cents from Friday's settlement but still at its lowest marks in more than ... (more...)
Oil up after United States storage slips, global glut concerns remain Oil up after United States storage slips, global glut concerns remain
- December 20, 2015

OPEC members pumped 31.7 million barrels of oil per day in November, keeping oil prices down in the past two years. The growth in the world's demand for oil is set to slow next year amid an "unrelenting" oversupply of crude, according to the International Energy Agency (IEA), in a report that could pile more pressure on already tumbling oil prices . (more...)
Employers in MN added 7200 jobs in November Employers in MN added 7200 jobs in November
- December 19, 2015

The labour-force participation rate came in last month at 62.5 percent, the lowest since October 1977. Over the past year, Tennessee's unemployment rate decreased from 6.6 percent to 5.6 percent while the national rate declined from 5.8 percent to 5 percent. (more...)
Who will feature in the next GOP primary debate? Who will feature in the next GOP primary debate?
- December 14, 2015

John Kasich (R-Ohio) and former Hewlett-Packard CEO would have missed the main stage. Paul, who's been on the main stage for the last three Republican debates, does not earn the needed averages in either the state or national polls to qualify for CNN's primetime event. (more...)
Yahoo CEO gives birth to twin girls after big announcement Yahoo CEO gives birth to twin girls after big announcement
- December 11, 2015

Verizon purchased AOL for $4.4 billion, as reported by Forbes . Most of those dollars, though, have been flowing to Google and Facebook . Observers claim she has failed to meet expectations despite giving Yahoo a boost. Yahoo Inc. said that it now plans to look into how it can spin off all of its other businesses and their liabilities into a new company. The new publicly traded company will house Yahoo's Internet business and its 35% stake in Yahoo Japan, worth about $8.5 billion at ... (more...)
Israeli Firms Eye Lucrative Energy Deal With Egypt Despite Ruling Israeli Firms Eye Lucrative Energy Deal With Egypt Despite Ruling
- December 08, 2015

Before 2012, Israel imported natural gas from Egypt, though the pipeline, running through the restive Sinai Peninsula, was dogged by frequent sabotage. "The story as it is unfolding now could snowball by accident into a political crisis between Egypt and Israel that in the end could bring about a crisis of confidence and no signature on any agreement to export to gas to Egypt", warned Gal Reiter, energy analyst at Bank of Jerusalem . (more...)
Small Business Saturday director Michelle Ovens: It's about the community as Small Business Saturday director Michelle Ovens: It's about the community as
- December 06, 2015

So here's the thing: supporting small businesses, not just on on Small Business Saturday but all year round, is not just about supporting local economies, important though that is. Look for retailers on sites like eBay who are independent rather than the big high street chains. In 2013, Small Business Saturday made its way to the UK. (more...)
Saudi Arabia Throws down Challenge on Oil Production Cuts Saudi Arabia Throws down Challenge on Oil Production Cuts
- December 04, 2015

Reports now say it may support cuts, as long as they're backed by members and non-members. Oil prices briefly turned positive on Wednesday after Tehran's oil ministry news agency Shana said that a majority of OPEC members agree on output cuts , but the report also pointed out that OPEC's top producer Saudi Arabia was not supportive of the reduction. (more...)
Online and in-store shopping numbers nearly balance during Thanksgiving weekend Online and in-store shopping numbers nearly balance during Thanksgiving weekend
- December 03, 2015

Online sales on Black Friday are expected to have risen to £1.07bn this year, up 32% on the same big shopping day in 2014, according to predictions from data company Experian and the trade group Interactive Media in Retail Group. The Thanksgiving weekend witnessed a decline in sales at brick and mortar stores. Then Black Friday became a "thing" that retailers would promote to drive sales even further and further and further. (more...)
Yahoo's board to discuss sale of web businesses, WSJ reports Yahoo's board to discuss sale of web businesses, WSJ reports
- December 03, 2015

The hedge fund, which claims to be a major investor in Yahoo , railed against the Alibaba sale after the USA tax authorities denied Yahoo's request to confirm the transaction would be tax-free, leaving it open to a potential $12bn tax bill. (more...)
US businesses added 217000 jobs in November, led by strong gains in US businesses added 217000 jobs in November, led by strong gains in
- December 03, 2015

This report, which serves as a preview for the all-important monthly non-farm payroll report from the USA government's Bureau of Labor Statistics (BLS), showed gains of 217K in November relative to estimates of 183K and the prior month's 196K gain (revised higher by 14K). (more...)
Salvation Army Thanksgiving Dinner Salvation Army Thanksgiving Dinner
- December 01, 2015

While many East Texans got the chance to gather around a dinner table in a warm home with a hot meal for Thanksgiving, everyone didn't have this luxury. They're real people, and they need the help and the food. "They do special things". "How often does a 5 year old get to really do something for someone else?", said Higgins. (more...)
Global stocks down ahead of United States data, Fed speeches Global stocks down ahead of United States data, Fed speeches
- December 01, 2015

In foreign exchange Monday, the euro hit a fresh seven-month low point at 1.0563 before recovering. It is down around 4% for the month and more than 12% in 2015 so far. But it remains below this year's high of about 1.86 percent. Industrial production figures from Japan were disappointing, stocks in global growth-sensitive exporters Taiwan and South Korea also weak, and iron ore futures touched record lows. (more...)
These stores will be closed on Thanksgiving These stores will be closed on Thanksgiving
- November 26, 2015

A lot of the best deals for toys are after Black Friday but you have to consider the chances of a hot item selling out. Pretty much everything is on sale on Black Friday , so regardless of what you are buying , it is worth it to check out deals. (more...)
Warmer than usual temperatures for metro-east, rain likely by Thanksgiving Warmer than usual temperatures for metro-east, rain likely by Thanksgiving
- November 25, 2015

On Tuesday the high will climb to 56 under mostly sunny skies. As the area of low pressure progresses through the region snow levels will start off around 4000 feet dropping steadily with much colder air by Wednesday morning. Thanksgiving Day will be a mild one. That dry air will allow temperatures to drop into the upper 30s in the city tonight and below freezing away from the urban heat island. (more...)
Monday Forecast: Sunny skies, but much colder Monday Forecast: Sunny skies, but much colder
- November 24, 2015

A few places could accumulate 2 to 3 inches by late Tuesday . A standard deviation shows that highs typically range between the mid to upper 40s and the mid-60s. Temperatures will also be much colder by Friday morning making for tough shopping conditions on Black Friday . It is possible we could see a few showers on Saturday . (more...)