Hot Business Topics
Mattel Inc. says strong holiday demand for toys including Barbie, Hot Wheels and American Girl helped push its fourth-quarter net income up 14 percent.
The holiday quarter is crucial for toy makers, who can make up to half of annual sales during the period.
The No. 1 U.S. toy maker reported Tuesday that its net income rose […]
Filed under: business, interest rate by Forest
Comments Off
Greece’s prime minister and the leaders of the three parties backing his coalition government have concluded a nearly three-hour meeting discussing the country’s negotiations with its creditors.
Premier Lucas Papademos released a statement after Sunday’s meeting, saying he and the party leaders were in “complete agreement” over the positions to adopt in subsequent talks toward a […]
Filed under: finance, interest rate by Forest
Comments Off
A young Moldovan woman who says she was called to the bridge of the stricken Costa Concordia to help evacuate Russian passengers defended the embattled captain on Thursday, saying he worked tirelessly and “saved over 3,000 lives.”
Domnica Cemortan, who says she was translating Capt. Francesco Schettino’s orders during the frenzied evacuation, has emerged as a […]
Filed under: Uncategorized, interest rate by Forest
Comments Off
President Barack Obama said he will nominate two former U.S. Treasury Department officials for the Federal Reserve Board, including one who served in a Republican administration.
Jerome Powell, an attorney who was a Treasury undersecretary for former President George H.W. Bush, and Jeremy Stein, a Harvard University economist who has advised the current administration, are […]
Filed under: banks, interest rate by Forest
Comments Off
India’s ruling party faced a potentially damaging setback Sunday after an important coalition ally said the government had reversed its decision to throw open the country’s huge retail sector to foreign investors.
The government has not officially announced a change in its policy on foreign direct investment, but a reversal would be an embarrassment for the […]
Filed under: interest rate, management by Forest
Comments Off
Any hopes that the 17-country eurozone will avoid sliding back into recession in the wake of a debt crisis that’s shown alarming signs of spreading to the bigger economies appeared to have been dashed Wednesday.
A couple of indicators show that the eurozone economy is in deep trouble and that the debt crisis is denting confidence […]
Filed under: Uncategorized, interest rate by Forest
Comments Off
Not everyone is happy about the return of layaway.
I wrote a story that appeared in today’s paper about how more retailers have been bringing back or expanding their layaway programs this holiday shopping season.
But some critics note that consumers could end up spending more on layaway fees than they would through the rates on their […]
Filed under: interest rate, legal by Forest
Comments Off
Defenses shielding the center of Thailand’s capital from the worst floods in nearly 60 years mostly held at critical peak tides Saturday, but areas along the city’s outskirts remained submerged along with much of the countryside.
Prime Minister Yingluck Shinawatra said the floodwaters have started to recede after killing almost 400 people, submerging entire towns across […]
Filed under: banks, interest rate by Forest
Comments Off
RBC Capital Markets LLC agreed to pay $30 million to resolve U.S. regulators’ claims that it marketed and sold unsuitable securities to five Wisconsin school districts that wiped out $200 million. St. Louis-based Stifel Financial is also a defendant and has not settled.
RBC Capital, the investment-banking unit of Canada’s biggest lender, failed to explain the […]
Filed under: interest rate, news by Forest
Comments Off