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News & Updates
September 17, 2015 Cablevision agrees to $17.7B takeover offerSource: CBS News
NEW YORK -- European telecommunications and cable company Altice has agreed to buy New York cable operator Cablevision for $17.7 billion, including debt.
September 17, 2015 Global stocks at three-week highs as Fed decision loomsSource: Reuters
World stocks inched to a three-week high on Thursday while the dollar drifted lower against other currencies, as investors consolidated positions ahead of a nail-biting U.S. Federal Reserve interest rate decision.
September 16, 2015 OECD trims growth outlook but urges Fed action this weekSource: Reuters
The global economic outlook has grown darker than it was only a few months ago, but the United States is doing well enough that its central bank should go ahead with its first rate increase since the financial crisis, the OECD...
September 16, 2015 The 'yuan bear' warns of a financial crisis in China
The Business Insider - On Monday, ING raised its yuan forecast against the US dollar to 6.40 from 6.55 by the end of the year, citing the recent firming trend of the currency, as well as Premier Li Keqiang's soothing remarks at...
September 16, 2015 General Electric Is Moving 500 U.S. Jobs OverseasSource: Money.com
General Electric has announced plans to reassign 500 manufacturing jobs currently based in the U.S. to Europe and Asia, a move that will further increase the percentage of its workforce employed abroad. As of the end of 2014, 55%...
September 16, 2015 UAW Reaches Tentative Deal With Fiat ChryslerSource: NPR
On Tuesday night, United Auto Workers and Fiat Chrysler Automobiles reached a tentative four-year agreement. The deal affects 36,000 Fiat Chrysler workers nationwide, and lays the groundwork for upcoming UAW negotiations with...
September 16, 2015 More bloodletting to come for European bankers
The Irish Times - The diverging fortunes of European and US banks is reflected in their share performance. The STOXX 600 Banks Index declined 1.5 per cent since the end of 2010, compared with a 39 per cent gain in the KBW Bank...
September 16, 2015 Foreign ag subsidies impact U.S. farmers' bottom lines, wheat groups say
Farm Futures - Turkey and Brazil have increased subsidies for domestic wheat production to levels higher than their World Trade Organization agreements. Higher subsidies directly impact the price U.S. farmers receive for their...
September 16, 2015 Stocks Climb as Investors Count Down to Fed Rate DecisionSource: NY Times
HONG KONG — World stock markets charged higher Wednesday, led by a near 5 percent surge in China, as investor optimism mounted ahead of a highly anticipated Federal Reserve decision on whether to raise interest rates for the...
September 15, 2015 Meet Janet Yellen: The most powerful woman in the worldSource: CNN
Janet Yellen is arguably the most powerful woman in the world. Yet few Americans have actually heard of her -- about 70% of the U.S. population doesn't know who Yellen is, according to a NBC/WSJ poll from March.
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