Look who's finally leaving the roost. Millennials are starting to move out of their parents' houses, opting to rent in many cases.» Read More
NEW YORK, Sept 19- The asset with the greatest prowess of late has been the U.S. dollar, and if its rally continues, it threatens to eat into the earnings of multinational companies. We are now seeing a new uptrend develop, "said Adam Sarhan, founder and CEO of Sarhan Capital in New York.
Sept 19- Online home-furnishings retailer Wayfair Inc's initial public offering is expected to be priced at $25- $28 per share, valuing the company at $2.32 billion at the top end of the range. It counts funds affiliated with Great Hill Partners, Battery Ventures and HarbourVest Partners among its stockholders.
BOSTON— The family of a CIA contractor killed in Benghazi, Libya, has filed claims seeking $2 million in damages from the CIA and State Department, alleging there was inadequate security at the U.S. diplomatic post and CIA compound when it came under attack by militants in 2012..
BOSTON— The owners of a welding company blamed for a fire in Boston that killed two firefighters are facing fines of up to $58,000 after federal workplace safety regulars found the company failed to follow proper precautions.
BOSTON/ CHICAGO, Sept 18- Home Depot Inc Thursday said some 56 million payment cards were likely compromised in a cyberattack at its stores, suggesting the hacking attack at the home improvement chain was larger than last year's unprecedented breach at Target Corp..
JetBlue Airways Corp. CEO Dave Barger will step down in February and be replaced by the company's president, ending months of speculation about leadership at the airline, which is profitable but has lagged its rivals.
SEATTLE, Sept 18- Microsoft Corp will close its Silicon Valley research-and-development operation as part of 2,100 layoffs announced on Thursday, as it moves toward its new CEO's goal of cutting 18,000 staff, or about 14 percent of its workforce.
Calgary- based TransCanada Corp is emerging as a possible target, with several U.S. activist hedge funds reviewing the nearly $38 billion pipeline operator as a break-up candidate, people close to the matter said.
The largest percentage gainer on the New York Stock Exchange was Penn West Petroleum, up 11.54 percent, while the largest decliner was Pier 1 Imports, down 17.57 percent a day after it slashed its full-year earnings forecast.
BOSTON— The worker revolt at the Market Basket supermarket chain appears to have caused a ripple effect in the Massachusetts economy, with the state reporting Thursday that several thousand jobs were lost in August, largely because of "temporary employment disruptions" in the retail sector.
*Futures up: Dow 44 pts, S&P 6 pts, Nasdaq 13 pts. NEW YORK, Sept 18- U.S. stocks were set to rise at the open on Thursday, with the S&P 500 on track to test resistance at its record high a day after the U.S.
Maine was ranked last in New England for income, and second-to-last behind Rhode Island for the poverty rate. Glenn Mills, chief economist at the Maine Department of Labor's Center for Workforce Research and Information said Maine has lagged the other states in the region for several years when it comes to income.
Alibaba's long-awaited IPO is finally around the corner, making this a good time to take a look at just how an IPO works.
NEW YORK, Sept 17- U.S. stocks were rising in mid-afternoon trading on Wednesday after the U.S. The statement "is largely the same, but the dots are more hawkish, the exit strategy itself being out there is more hawkish and the timing of the first rate also more hawkish," said John Canally, investment strategist and economist for LPL Financial in Boston.
It opened its first flagship store in New York City's chic Soho neighborhood in 2006. With the addition this week of a new location in Wayne, New Jersey, the company- owned by the world's fourth-largest fashion retailer, Fast Retailing Co- now operates 26 U.S. stores.
NEW YORK— Shares of Civitas Solutions are inching lower after the company's initial public offering priced at $198.9 million, below its expectations. The Boston company says its offering of 11.7 million shares priced at $17 a share, below its estimates of $20 to $23 per share. Shares of Civitas Solutions Inc. lost 25 cents to $16.75 Wednesday morning.
BOSTON— Wynn Resorts and Massachusetts gambling regulators finalized the license Wednesday for a $1.6 billion casino outside Boston. Wynn brings a track record of success in competitive gambling jurisdictions, including Las Vegas and Asia, said James McHugh, acting commissioner of the Massachusetts Gaming Commission.
Sept 17- Twenty-two partners have jumped ship en masse from Bingham McCutchen's marquee restructuring practice, raising questions about the fate of the law firm's closely watched merger talks with the larger Morgan Lewis& Bockius.
BOSTON— The co-owner of a now-defunct foreign currency trading company has been sentenced to nine years in prison for defrauding investors out of more than $30 million.
Magnit sells local produce, has a CEO who meets with investors, and targets ordinary Russians. Fund investor concerns about Russia have led to some selling of Magnit lately, and fund managers warn that small investors might find the risks of investing in Magnit too big.