Hot Business Topics
Black Friday is shaping up to be a midnight affair this year.
Macy’s and Target have already announced that they will open at midnight this year instead of at 4 a.m. on the day after Thanksgiving as they did last year. Kohl’s will also open at midnight and not at 3 a.m. as it did last […]
Filed under: legal, management by Forest
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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
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Americans’ incomes have stagnated for three straight months. Yet they boosted their spending in September 0.6 percent _ three times the increase in August.
Under normal circumstances, that would be a troubling sign for the economy.
But a closer look at Friday’s report from the Commerce Department on September income and spending suggests another possibility: Many people […]
Filed under: legal, management by Forest
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A year and a half after beginning its pursuit of Macarthur Coal Ltd., St. Louis-based Peabody Energy Corp. has gained control of the Australian mining company.
Peabody, which teamed with one of Macarthur’s largest shareholders, steelmaker ArcelorMittal, to buy the coal producer, said Monday that they control almost 60 percent of the company and plan to […]
Filed under: money, technology by Forest
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Online coupon seller Groupon Inc. is discounting its expectations for its first stock offering.
The Chicago-based company, which offers consumers daily discounts targeted toward their city and preferences, now expects net proceeds of about $478.8 million from its initial public offering of 30 million shares. In June, it said it hoped to raise up to $750 […]
Wal-Mart Stores Inc. said Monday the president of Walmart China is stepping down. A company spokesman said the move was unrelated to a Chinese government food safety case against several Wal-Mart stores.
Ed Chan, president of Walmart China since 2007 and also the unit’s chief executive, left for personal reasons, the company said.
The departure comes after […]
Not all stocks perform poorly during a tough year for the market. Some that you might consider yawners in more robust times actually hang in there and prosper.
For example, stock for the global health and hygiene company Kimberly-Clark Corp. (KMB) and the Georgia-based electric utility Southern Co. (SO) have each posted price gains in the […]
President Barack Obama is turning to Republican rival Rick Perry’s home state to rally support for his $447 billion jobs bill and to raise money for his re-election.
Obama will appear Tuesday at a community college in Mesquite, Texas, to tout aspects of the jobs bill that he says will help keep teachers in classrooms and […]
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
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