Only reliable financial news

Shares of discount retailer Dollar General Corp rose in their debut on the New York Stock Exchange, opening at $22, or 4.8 percent above Thursday’s initial public offering price of $21.
Dollar General, which is almost entirely owned by private equity firm Kohlberg Kravis Roberts & Co KKR.UL, priced shares at $21 in its initial […]

Filed under: business by Forest
Comments Off

Comcast Corp’s bid for a controlling stake in NBC Universal to create a media powerhouse could be hurt by conflicting interests on Capitol Hill and conditions that hurt synergies, but the deal will likely be approved by regulators after a lengthy review.
Comcast and General Electric Co have been in talks to reach a deal […]

Filed under: business by Forest
Comments Off

Stocks rallied Monday, with the Dow industrials surging to a 13-month high, as investor optimism gained momentum.
The Dow Jones industrial average (INDU) soared 204 points, or 2%, to close at 10,226.94 — its highest level since Oct. 3, 2008.
The gains were broad-based, with all but 1 of the 30 components in the blue-chip index […]

Filed under: technology by Forest
Comments Off

Ford Motor Co. said Thursday that it will begin equipping certain vehicles with inflatable seat belts that the company says will help prevent injuries in auto accidents.
The inflatable rear seat belts will be available on the next generation Ford Explorer and will become more widespread over time, the company said in a press […]

Filed under: news by Forest
Comments Off

The Bank of England said on Thursday it would expand its quantitative easing program by 25 billion pounds ($41.5 billion) to help kick-start Britain’s recession-hit economy.
The increase brings the central bank’s total asset-buying program to 200 billion pounds, the equivalent of more than 14 percent of Britain’s economic output.
The BoE also left interest rates […]

Filed under: management by Forest
Comments Off

Morton’s, an expense account steakhouse, and California Pizza Kitchen, an upscale U.S. pizza chain, are going against the grain with their wine strategies in a bid to reap revenue from the vine.
Morton’s Restaurant Group Inc is taking advantage of the wine glut and auctions to restock its cellars, even as most white tablecloth restaurants […]

Filed under: money by Forest
Comments Off

President Barack Obama said on Saturday this week’s positive job and economic growth figures proved that his big spending efforts to stimulate the economy were working.
But he cautioned in his weekly radio address to Americans that “we have a long way to go before we return to prosperity” and more job losses were likely […]

Filed under: economics by Forest
Comments Off