‘Finance’ Articles
Martha Stewart Living says Macys deal has loophole
NEW YORK (Reuters) - Martha Stewart Living Omnimedia's contract with Macy's to exclusively sell certain products has a loophole that will let the company sell in J.C. Penney Co stores, according to the home-goods company.
News Corp taps Bloomberg executive to lead Dow Jones
(Reuters) - Rupert Murdoch's News Corp on Thursday named Bloomberg LP executive Lex Fenwick as chief executive officer of its Dow Jones & Co unit which houses its Wall Street Journal newspaper.
Wall Street holds steady as payrolls set to test rally
NEW YORK (Reuters) - Investors largely took a wait-and-see approach on Thursday as stocks ended little changed ahead of Friday's key employment report, but tech shares rose after strong earnings from chipmaker Qualcomm.
Signs of split among Volcker rule’s foes
WASHINGTON (Reuters) - As pro-business groups clamor to convince regulators to overhaul their draft of the controversial Volcker rule, fault lines are emerging within the opposition over just what a revamped draft should look like.
Bernanke defends low rate policy for weak economy
WASHINGTON (Reuters) - Federal Reserve Chairman Ben Bernanke on Thursday defended the U.S. central bank's policies against charges from Republican lawmakers they risked sparking inflation, saying the economy still needs plenty of support.
Apparel chains sweat through warm winter
(Reuters) - Quarterly earnings at U.S. chains including Abercrombie & Fitch Co and Ann Inc took a big hit from deep discounts they offered to clear out clothes stocked for snow and cold that never came.
MF Global risk officer says ousted after warnings
WASHINGTON (Reuters) - The former chief risk officer at MF Global who raised red flags about the firm's aggressive trading bets told lawmakers that his warnings contributed to the firm's decision to let him go in early 2011.
Zynga shares soar on Facebook connection
(Reuters) - Zynga shares jumped as much as 22 percent on Thursday in the first trading session after Facebook revealed it made 12 percent of its revenue last year from the video game publisher.
