LSE and Deutsche Boerse in merger talks
The London Stock Exchange on Tuesday confirmed it was in discussions to merge with Germany’s Deutsche Boerse. The LSE said in a statement that the two firms are “in detailed discussions about a...
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March starts strong as U.S. stocks rally
March came in like a bull for Wall Street Tuesday with U.S. stocks up sharply as better-than-expected news on manufacturing added fuel to a an early rally on China’s latest stimulus move. The Dow Jones...
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Apple doesn’t have to unlock drug dealer’s iPhone, judge says
A federal judge in Brooklyn on Monday denied a Department of Justice request for a court order that would force Apple to bypass the security passcode on the iPhone of a criminal defendant in a drug...
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Zuckerberg climbs Forbes billionaires list
Facebook is making people a lot of money. Facebook CEO Mark Zuckerberg climbed one spot to sixth on Forbes magazine’s 2016 list of the world’s richest people, with a net worth of $44.6 billion. Five...
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VW sales fall as diesel scandal drags on
The Volkswagen brand saw a drop of 13.2% in sales last month as it continues to reel from the inability to sell its diesel car models due to the scandal over emissions. Volkswagen of America reported...
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Carl Icahn posts worst loss since 2008
Carl Icahn, who briefly flirted with a role as Donald Trump’s Treasury Secretary, just posted his worst investment losses since the dark days of the financial crisis. The 80-year-old investor’s hedge...
View ArticleKate Spade earnings fall short of forecasts
Kate Spade & Co. (KATE) on Tuesday reported fourth-quarter net income of $61.5 million. The New York-based company said it had net income of 48 cents per share. Earnings, adjusted for non-recurring...
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Jobs Friday clashes with March Fed meeting
It’s Jobs Friday. That means the monthly Wall Street guessing game, “Will they or won’t they hike?” will kick off after the federal government lets the world know how many jobs the American economy...
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Amazon drops encryption from Fire devices
Retailing giant Amazon confirmed Friday it removed local encryption from its Kindle Fire devices, as it throws support to Apple in its fight over an encrypted iPhone. “In the fall when we released Fire...
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Stock storyline shifts from ‘worst start to year’ to not too bad
The worst start to a year ever for the U.S. stock market doesn’t seem so bad now, following a bounce-back rally that has pulled stocks close to 2% of where they began the year. The market has had a...
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27 giant profitable companies paid no taxes
Death and taxes are supposed to be two certainties of life. But a few companies have at least escaped the taxes part. There are 27 companies in the Standard & Poor’s 500, including telecom firm...
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Apple expected to pay $450M in e-book case
Apple is expected to pay $450 million after the Supreme Court on Monday refused to consider the tech giant’s appeal of a ruling that found the company conspired with five major publishers to inflate...
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Dow looks to erase 2016 nightmare on Wall Street
The Dow hasn’t done it yet, but it’s close to erasing all the red ink that drenched it at the then-worst start to a year ever. The Dow Jones industrial average — which was down and out on Feb. 11, when...
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Contraction in U.S. shale pushes oil towards $40
Crude oil prices have rallied by more than 30% since early February and investors are growing more confident that a rebound is in order. Have oil prices finally turned a corner? The sudden wave of...
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Stocks fall, ending Dow’s 5-day win streak
The Dow Jones industrial average paused Tuesday after a five-session winning streak drove the blue-chip stock gauge to its highest levels since early January. At the 4 p.m. ET close, the blue-chip Dow...
View ArticleEpic bear market preceded aging bull
Before lighting a candle on the bull market’s seventh birthday today, how about a quick glance back at what things looked like in 2009? Nobody knew at the time, but that was the day the U.S. stock...
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7-year bull makes investors $16T richer!
The bull market celebrates its seventh birthday today. Here’s the real accomplishment, though: Putting $16 trillion into the pockets of investors. Investors with the guts to ride this bull market since...
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Stocks slightly higher after one-day sell-off
On a day the Dow and Wall Street are celebrating the bull market’s seventh birthday, oil prices are rebounding and U.S. stocks were slightly higher after a down day Tuesday that snapped a five-session...
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Deutsche Bank and UBS lose tax bonus case
Britain’s top court on Wednesday ruled against Deutsche Bank and UBS in a long-running case over taxes on bonuses that has opened the door to back taxes by the banks and which could ding other...
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Qatar Airways announces new world’s longest flight
Qatar Airways formally announced plans for nonstop service between Doha, Qatar, and Auckland, New Zealand. The route would become the world’s longest when it launches Dec. 3, based on current...
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