Last June, an affiliate of the Chinese e-commerce giant Alibaba made an offer to its hundreds of millions of users: Give us your cash, and we will pay more than Chinese banks wil» Read More
In 2013, about 20 percent of all new businesses were started by entrepreneurs aged 50 to 59 years. the NYT reports.
Feb 6- News Corp, publisher of the Wall Street Journal, reported a 4 percent decline in quarterly revenue on weaker advertising at its newspapers, but cost cuts helped push profit well ahead of analysts forecasts. Shares in News Corp rose 4 percent in after-hours trading after closing at $16.02 on Thursday.
Feb 6- Notable shortsellers including Doug Kass, who runs Seabreeze Partners Management, are making a tidy profit off of the furious surge in Green Mountain Coffee Roasters shares, but longtime detractors of the stock aren't likely to have been so lucky.
Some of Thursday's midday movers:
Dow Jones' institutional revenue fell by $11 million in the three months ended Sept. 30, according to the fiscal first quarter results of parent News Corp, which did not provide the total figure. Figures for the December quarter have not been disclosed ahead of News Corp's results report on Thursday.
Traders await Friday's jobs report and watch emerging markets to see if the selloff can be contained.
While firms such as carmaker BMW have abandoned plans to increase their local presence due to unstable labour relations, U.S. hotel group Marriott International is piling in to a country whose stunning mountains, beaches and wildlife parks draw more than 9 million tourists a year.
WASHINGTON, Jan 27- U.S. and British intelligence agencies have plotted ways to gather data from Angry Birds and other smartphone apps that leak users' personal information onto global networks, the New York Times reported on Monday.
NEW YORK, Jan 24- Jamie Dimon, chairman and chief executive of JPMorgan Chase& Co, got a 74 percent pay increase for 2013, when $20 billion of legal settlements weighed on the bank's income. Most employees at JPMorgan did not get pay increases for 2013 because profits declined as a result of high legal bills to settle government and private claims against the bank.
Jan 24- JPMorgan's board voted to raise Chief Executive Jamie Dimon's annual compensation for 2013, a turnaround from last year when it slashed his compensation by half in light of a trading debacle, the New York Times reported.
NEW YORK, Jan 22- Morgan Stanley, rebuffed late last year by Puerto Rico officials over an offer to arrange a high-cost loan of up to $2 billion for the cash-strapped commonwealth, is now trying to pique investor interest in backing the idea, according to people briefed on the matter.
WASHINGTON, Jan 22- The White House is not considering a financial bailout for Puerto Rico, where chronic fiscal challenges have raised the specter of a Detroit- like bankruptcy, an Obama administration official said on Wednesday. Puerto Rico already pays the highest interest rates of any big municipal bond issuer.
Jan 21- New York Governor Andrew Cuomo and Eric Schneiderman, the state's attorney general, have reached an agreement on how to divide a portion of the $613 million that the state received as part of a settlement with JPMorgan, the New York Times reported.
WASHINGTON, Jan 18- The Obama administration is delaying enforcement of a provision of the new healthcare law that prohibits employers from providing better health benefits to top executives than to other employees, the New York Times reported on Saturday.
NEW YORK, Jan 17- New York Attorney General Eric Schneiderman has abandoned his effort to obtain damages from Bank of America Corp over its purchase of Merrill Lynch& Co, but plans to press on with the case, his lawyers said in court on Friday.
Jan 17- Hackers breached the computer networks of luxury department store chain Neiman Marcus as far back as July, an attack that was not fully contained until Sunday, the New York Times reported, citing people briefed on the investigation.
Jan 16- Citigroup will replace all customer debit cards involved in the data breach at Target Corp, the No.3 U.S. retailer, a spokeswoman for the bank said. "This is being done as a precautionary measure," Citi spokeswoman Elizabeth Fogarty told Reuters in an email reply late Wednesday. Citi is not reissuing credit cards, the New York Times said.
Jan 15- Citigroup will replace all customer debit cards involved in the data breach at Target Corp, the No.3 U.S. retailer, the New York Times reported quoting a person briefed on the bank's decision.
Jan 15- A year after agreeing to a multi-billion dollar settlement with victims of the 2010 Gulf oil spill, BP is aggressively challenging terms of the deal in a legal strategy that could backfire with the judge who will rule on the company's potentially hefty federal fines.
NEW YORK Jan 7- Chinese recycling tycoon Chen Guangbiao dialed back his ambitious plans to buy The New York Times Co just over a week after making his intentions public. Chairman Arthur Sulzberger Jr. has said recently the Times is not for sale. A New York Times spokeswoman declined to comment on Chen.