Stories about Finance

May 12 2017

Republican healthcare bill 'a huge tax cut for guys like me': Buffett

Buffett told the more than 30,000 people who attended the annual meeting that flawed compensation systems - such as the arrangement that rewarded Wells Fargo employees fo...

May 12 2017

Bank of England keeps rates at record low as economy slows

But while higher inflation might suggest higher interest rates, the central bank is anxious also about economic growth, which would get further hurt by a rate hike. But i...

May 12 2017

Trump to meet with Russian Foreign Minister Lavrov Wednesday

Russia's foreign minister sarcastically acknowledged the abrupt dismissal of Federal Bureau of Investigation director James Comey by saying "Was he fired?" The Russia...

May 12 2017

European Central Bank's Draghi cautiously upbeat on eurozone

Also, the central bank has held its Key interest rate benchmark at a record low of Zero even as growth picked up. Mr. Draghi was greeted by finance committee chairman...

May 12 2017

Chaffetz asks Justice Department to investigate Comey firing

The White House says Trump's confidence in Comey had been eroding for months. That admission, The Times said , set Trump off: "Mr. Trump burned as he watched, conv...

May 12 2017

Fossil Group Shares Plummet After Results, Outlook Miss Street View

The stock has relative volume of 0.45. (NYSE:NBL) shares moved to $31.24 after starting the day at $31.05. Arizona State Retirement Sys has 0.01% invested in Fossil Grou...

May 12 2017

Boeing halts test flights of new plane over engine issue

On Thursday, Boeing said it received an order for eight 737 Max 9 planes, valued at $950 million at list prices, from Iceland's Primera Air. "The 737 MAX 9 will a...

May 12 2017

European airlines braced for expansion of Trump's laptop ban

The ban was introduced in late March, prohibiting us -bound travelers on flights out of 10 Middle Eastern and African airports from bringing laptops and tablets into the ...

May 12 2017

LIRR reporting delays due to signal problem

Commuters will be in for another disruption at Penn Station "sometime next year", Wick Moorman, Amtrak's CEO, told a hearing held by New York State Lawmakers on Thursday ...

May 12 2017

Analysts Alert on Price Target: Teva Pharmaceutical Industries Ltd (ADR) (NYSE:TEVA)

Barrow Hanley Mewhinney & Strauss LLC boosted its position in Teva Pharmaceutical Industries by 22.1% in the fourth quarter. Receive News & Ratings for Teva Pharmac...

May 12 2017

Dakota Access pipeline leaked 84 gallons of oil in April

The Standing Rock Sioux Tribe, who have an ongoing lawsuit against the project, had repeatedly requested that the pipeline be rerouted to avoid the Lake Oahe reservoir al...

May 12 2017

Mexico presses Trump to uphold NAFTA for good of both nations

And "any agreement can be updated to reflect changes in all the various economies, and to correct unintended oversights" from the original deal, he said. On the administr...

May 12 2017

Kinross Gold Corporation (USA) (NYSE:KGC)

Kinross Gold Corporation had its "hold" rating reiterated by analysts at Jefferies. RBC Capital Markets gave shares of Kinross Gold a price target of 4.75 indicating a ...

May 12 2017

S'Arabia May Extend Oil Cuts Till Dec - Minister

Despite these reservations, oil prices moved sharply higher with WTI initially attacking the $47.00 p/b area and then breaking higher while Brent crude attempted to break...

May 12 2017

Housing market being rocked by general election, RICS says

The lack of housing stock continued to drive up prices, as 22 per cent more respondents saw prices increase in April - a figure that was unchanged from March. RICS said e...

May 12 2017

Federal budget 2017: Scott Morrison makes promise of better days for government

He did so by targeting key areas where the Opposition has been scoring political points, such as the future of Medicare, Labor's continuing push for a royal commission in...

May 11 2017

United Airlines reaches settlement with doctor violently removed from plane

Munoz said he was going to do the right thing, and he has", Demetrio said. United took "full responsibility" for what unfolded on Flight 3411 "without attempt to blam...

May 11 2017

Senators must resist the urge to panic after losses to Rangers

Ottawa had a few more chances, but it seemed like every time NY came down the ice they were on an odd-man rush. "When you don't have it you try and get it back as quick...

May 11 2017

Dollar rallies after Fed signals June rate hike likely

The markets initially expected the Fed to raise interest rates on Wednesday but have made a decision to hold due to the positive US employment data. The ISM index had r...

May 11 2017

Decoding insights from Warren Buffett

The bank said last fall that its employees opened up 2 million bank accounts without customer approval to meet unrealistic sales goals. When a protester from Germany deli...