Hurricanes, tornadoes, earthquakes—depending on where you live in the U.S., natural disasters can be a way of life.» Read More
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.
NEW YORK, Sept 18- U.S. fund managers are finding a lot to like about finger-painting and naptime. Fund ownership of Bright Horizons Family Solutions Inc, the only publicly traded daycare company in the United States, swelled 21 percent in the most recently reported quarter according to fund tracker Morningstar.
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.
And the Census Bureau says Thursday median household income in the state also remained flat at about $57,000. The national median income was about $52,000 last year. Among New York's neighbors, it was $68,000 in Connecticut; $66,000 in Massachusetts; $70,000 in New Jersey; $52,000 in Pennsylvania and $53,000 in Vermont.
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.
WASHINGTON— The nation's economic recovery has been slow to reach the Philadelphia metropolitan area and income inequality has widened, hurt in part by an exodus of residents and a continued collapse in mid-wage jobs. Philadelphia posted the largest income drop among large metro areas outside the Sun Belt, a sign of its persistently weak job market.
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.
WASHINGTON— Cuts to the nation's food stamp program enacted this year are only affecting four states, far from the sweeping overhaul that Republicans had pushed, an Associated Press review has found. As a result, it's unclear whether the law will realize the estimated $8.6 billion in savings over 10 years that the GOP had advertised.
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.
Alibaba risk: China's rise leaves out investors. WASHINGTON— American investors are clamoring to buy a stake in Chinese e-commerce giant Alibaba, which is launching what may prove the biggest initial public stock offering ever. IPOs, according to research by Jay Ritter, a finance professor at the University of Florida.