Stories about Finance

Aug 04 2016

US crude oil remains below $40 as oversupply still weighs

Oil edged higher in Asia Wednesday after industry data showed a decline in U.S. crude inventories, but prices stayed below $40 a barrel amid ongoing concerns over a suppl...

Aug 03 2016

CEO at Democratic National Committee resigns

The hack on the DNC stirred discord at the start of the party's convention in Philadelphia where Hillary Clinton formally accepted her party's presidential nomination for...

Aug 02 2016

New York Yankees Trade Carlos Beltran To Rangers

With Single-A Hickory, Tate is 3-3 with a 5.12 ERA in 17 starts. In the trade involving Beltran, New York acquired Dillon Tate , who was the fourth overall pick in the...

Aug 02 2016

Oil down 3% on worry over OPEC output, US rig count

The oil market was spooked on Monday by reports indicating Saudi Arabia, OPEC's biggest producer, has slashed its selling price in Asia by the biggest amount in almost ...

Jul 30 2016

NextEra Energy Is New Buyer of Energy Future Holdings

NextEra had briefly pursued a deal for Oncor in 2015. NextEra released a statement saying the move was part of a larger "overall plan of reorganization" to help Ene...

Jul 28 2016

Fiat Boosts Profit Target as Jeeps Fuel Second-Quarter Gain

Fiat Chrysler also recently reported results from an investigation into its sales numbers from previous years. Worldwide vehicle shipments slipped 1% to 1.18m units due...

Jul 28 2016

Facebook revenue jumps on blistering ad sales growth

Facebook's strong user growth is remarkable for an Internet company more than a decade old. Its mobile DAUs came to 1.13 million, rising 24%, while its Monthly Active Us...

Jul 27 2016

Fiat Chrysler review shows United States sales figures were inflated -Automotive News

Reports have now surfaced that Fiat Chrysler Automobiles NV (NYSE:FCAU) FCA had inflated their sales figures in the United States. It said that under the revisions, t...

Jul 27 2016

Seeking wider digital audience, Verizon buys Yahoo for $4.8B

AOL CEO Tim Armstrong reports to her and will o versee the integration of Yahoo and its 8,800 employees. The acquisition will see Verizon taking over Yahoo's em...

Jul 27 2016

Honduras detects 8 cases of babies with Zika-related defect

Any kind of unprotected sex - vaginal, anal, oral, and even with sex toys - could spread Zika virus, US health officials say. The U.S. Centers for Disease Control and...

Jul 27 2016

US Home Prices Rise at Steady Pace as Sales Heat Up

House prices in the USA rose less than expected in May, according to the S&P/Case-Shiller National Home Price Index. And while the index for the top-third of the market...

Jul 25 2016

Canadian city gets backup water supply ready after oil spill

Oil from the Husky spill is expected to reach the city by Sunday, the city said, adding it will likely be shutting down its water treatment plant's intake from the rive...

Jul 25 2016

Verizon near $5B deal for Yahoo

A purchase could open the doors for Verizon to generate additional revenue through Yahoo's editorial properties, video services and advertising technology. It also said...

Jul 24 2016

Theresa May becomes prime minister, promising 'one nation' government

She also created new positions to lead Britain's upcoming negotiations with the European Union. Davis, 67, another campaigner for Britain to leave the EU, has been appo...

Jul 23 2016

US Prosecutors' 1MDB Case Divides Malaysia

The lawsuit was announced by US Attorney General Loretta E. Lynch in a press conference that was broadcast live. 1MDB, or 1Malaysia Development Berhad, was launched by ...

Jul 23 2016

Verizon Reportedly Close To $5 Billion Purchase Of Yahoo

According to the report , $ 5 billion would get Verizon Yahoo's "core internet business", but not the company's patents , at least not at this stage of the report...

Jul 22 2016

Justice Department Sues Over Health Insurance Mergers

Anthem said it meant to challenge the Justice Department's effort to block its deal with Cigna. Add in the value of the Anthem-Cigna and Aetna-Humana deals ($54 billion ...

Jul 21 2016

Republican National Convention kicks off in Cleveland

Trump children Tiffany and Donald Jr plan to speak, as does House Speaker Paul Ryan and New Jersey Governor Chris Christie, who Trump passed over to be his running mate. ...

Jul 21 2016

Second Candidate Challenges Corbyn For UK Labour Leadership

Labour faces a summer of bruising clashes that threaten to split the party in two after the leader was guaranteed a place in the contest. "That is not the attitude of ...

Jul 21 2016

HSBC Bank's chief of foreign exchange cash trading arrested

In late November 2011, before carrying out the client's transaction, Johnson made a purchase of British pounds in exchange for euros from an HSBC account he controlled, a...