Entrepreneurial activity is bubbling up around the globe—from Africa to South America—as more governments look for avenues of economic growth.» Read More
Researchers at New York University and University of California, Berkeley analyzed 96 metropolitan areas across the United States to see how a lack of economic integration within cities affects people's economic fortunes.
Dec 4- Hedge fund Hayman Capital has taken a stake in General Motors Co and believes the U.S. automaker's stock could rise more than 40 percent over the next 12-18 months after the U.S. Bloomberg first reported news of the stake, which it called one of Hayman's largest investments.
DETROIT, Dec 4- Hedge fund Hayman Capital has taken a stake in General Motors Co and believes the U.S. automaker's stock could rise more than 40 percent over the next 12-18 months after the U.S. Treasury sells its stake in the company, Bloomberg reported on Wednesday.
BOSTON-- A majority of Massachusetts' gambling commission appeared Tuesday to be leaning toward allowing Mohegan Sun to pursue a casino on land owned by Suffolk Downs in Revere, without requiring a second vote by the city's residents.
Deval Patrick has filed a lawsuit aimed at blocking the Martha's Vineyard- based Aquinnah Wampanoag tribe from opening a small casino on the island. Patrick on Monday filed a lawsuit with the state Supreme Judicial Court arguing that the Aquinnah ceded gambling rights in a 1983 settlement that secured tribal lands on the island.
NEW YORK, Dec 2- U.S. Stronger-than-expected manufacturing in the United States and abroad spurred selling in U.S. government debt as some traders reconsidered how soon the U.S. central bank might dial back its bond purchases, currently at $85 billion a month, if the economy grows further, albeit at a sub-par pace.
Geostellar, a startup backed by power producer NRG Energy Inc, is seeking to become the Expedia or Orbitz of the solar industry-- a one-stop shop where consumers can not only compare the benefits of leasing solar panels versus buying them outright, but ultimately sign up to install a system.
NEW YORK, Nov 29- A week packed with data awaits investors eager for fresh clues on when the Federal Reserve will start to trim its stimulus program, as traditionally bullish December kicks off with the S&P 500 poised to mark its best year since 1998..
NEW YORK, Nov 28- Americans gathered on Thursday to celebrate Thanksgiving, stuffing turkeys for family feasts, braving high winds and the bitter cold along parade routes and starting their holiday shopping one day earlier this year.
Nov 27- A wintry blast of heavy rain, wind and snow across the eastern United States disrupted Thanksgiving travel plans on Wednesday for some of the millions of Americans hitting the roads and taking to the skies on the busiest holiday travel day of the year.
YAVNE, Israel, Nov 26- German healthcare group Merck KGaA is looking for acquisitions and collaborations with start-ups to grow its drugs business in the United States, a senior Merck official said.
The Massachusetts Senate approved a stand-alone bill last week that would raise the minimum wage to $11 per hour by 2016 and index future increases to inflation.
NEW YORK, Nov 25- Debate over when the Federal Reserve could trim its bond purchases monopolized market talk this year, but as a new Fed chief takes charge, more participants believe the key theme to emphasize for 2014 is low rates for longer.
Although Jos. A. Bank Clothiers Inc walked away from a deal earlier this month after Men's Wearhouse board rebuffed its $48- a-share offer, and prevented it from conducting due diligence, the suitor's language that it still felt a deal was in the best interest of shareholders for both companies has resonated with investors.
Nov 25- When Aimee Brittain's team hits the stores in a commando-like fashion on Thanksgiving night in search of Black Friday deals, they'll stand out from the crowd in their matching bright blue shirts.
Nov 25- Shoppers who want to avoid long lines to nab a deal during Black Friday can download new apps that will let them shop for bargains from the comfort of their home.
NEW YORK, Nov 22- Bond investors have had little reason to cheer in 2013. Conflicting signals from the Federal Reserve and uncertainty about the global economy have made debt markets a tough place to rack up returns.
NEW YORK, Nov 21- A top lieutenant at Steven A. Cohen's SAC Capital Advisors will leave the hedge fund in the new year as the once $15 billion firm converts to a family office, according to a memo sent to employees and seen by Reuters. Sol Kumin, the firm's chief operating officer, will leave SAC in January, the memo from Cohen said.
NEW YORK, Nov 21- A decision on whether to approve Bank of America Corp's proposed $8.5 billion settlement with investors in mortgage securities is now in the hands of a New York state judge, after a nine-week court proceeding ended on Thursday.
BOSTON/ NEW YORK, Nov 20- Shareholders of telecom giants AT&T Inc and Verizon Communications Inc are seeking more details related to their sharing of customer information with governments, showing investors starting to push back over the role of communications companies in spying operations.