Business News Stories
Stocks are mostly higher on Wall Street as upbeat earnings news from several big U.S. companies encouraged investors. General Electric, Morgan Stanley and PepsiCo all moved higher after reporting their first-quarter results Thursday. The Standard Poor’s 500 index rose two … Continue reading
By Sarah N. Lynch WASHINGTON (Reuters) – The U.S. Securities and Exchange Commission has failed to protect its data network against possible breaches, to encrypt highly sensitive information, or to use strong enough passwords, the Government Accountability Office said on … Continue reading
* Total assets under management up 25 pct y/y to $272 bln as of end-March * 1st qtr ENI per share of 70 cts vs 55 cts in Thomson Reuters analyst poll * 1st qtr distributable earnings at $485 mln, … Continue reading
* SP 500 scores biggest weekly percentage gain since July * Morgan Stanley (Berlin: DWD.BE – news) , GE shares rally after results * Google (NasdaqGS: GOOG – news) , IBM (NYSE: IBM – news) shares fall a day after … Continue reading
WASHINGTON (AP) — The Congressional Budget Office estimates that a Senate Democratic proposal gradually boosting the minimum wage to $10.10 hourly would force businesses to spend $15 billion more in salaries in 2017. The nonpartisan budget office says the increase … Continue reading
The proverbial window for IPOs may be closing, but it’s still open at least a crack. On Thursday, Chinese messaging service Weibo and Sabre Holdings, the parent of Travelocity, made their public debuts. At 91 so far, according to Renaissance … Continue reading
Chinese social media company Weibo Corp.’s shares soared in their U.S. market debut Thursday. Weibo was launched four years ago by Chinese online media company Sina Corp. Weibo provides a Twitter-like service that allows users to post a feed of … Continue reading
WASHINGTON (AP) — Eight million people have signed up for health care through new insurance exchanges, President Barack Obama said Thursday, besting expectations and offering new hope to Democrats who are defending the law ahead of the midterm elections. Obama … Continue reading
Article source: Article Source
Article source: Article Source
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