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News & Updates
Source: Washington Post
Oil is cheap, the dollar is strong, Americans are happy — and the business world is peeved. Stocks plummeted Tuesday amid a blizzard of big-name disappointments from stalwarts like Microsoft, Procter & Gamble and Caterpillar,...
As Washington has tightened its belt in recent years, the budget cuts have sliced most deeply in states where President Obama is unpopular, according to an analysis of federal spending by Reuters.
January 28, 2015 Consumer Confidence in U.S. Rises More Than Forecast on JobsSource: Bloomberg
Consumer confidence rose more than forecast in January to the highest level since August 2007 as Americans took heart in an improving labor market and prospects for higher earnings.
January 28, 2015 U.S. stocks suffer biggest drop in 3 weeks (Tuesday)Source: MarketWatch
NEW YORK— U.S. stocks recorded their biggest decline in three weeks on Tuesday, following a surprise drop in durable-goods orders and disappointing earnings from Microsoft Corp. and Caterpillar Inc.
January 28, 2015 Seven things you may have missed Tuesday from the world of businessSource: Boston Globe
SAN FRANCISCO — Yahoo chief executive Marissa Mayer is spinning off the company’s prized stake in China’s Alibaba Group Holding in a move that will enable Yahoo to avoid paying billions of dollars in future taxes. A newly formed...
Source: NY Times
Last week, we learned that Timothy D. Cook, Apple’s chief executive, was paid $9.2 million for 2014. Jamie Dimon of JPMorgan Chase made $20 million. The Starbucks chief Howard Schultz took home $21.5 million. And Viacom said that...
January 27, 2015 Russia's falling stock market faces new sanctions
Mail & Guardian Online - Russia could also face new sanctions. For the first time in 11 years, ratings agency îStandard and Poor'sî moved Russia down into the "junk" territory, after last downgrading Russia in...
January 27, 2015 U.S. Stocks Rise on ECB Stimulus Hopes
english.capital.gr - "We get all worked up about a 100-point move in the Dow these days because in the last five years we've had a calm, complacent market," said Viren Chandrasoma, managing director of equity trading at...
January 27, 2015 Middle Class Shrinks Further as More Fall Out Instead of Climbing UpSource: NY Times
The middle class that President Obama identified in his State of the Union speech last week as the foundation of the American economy has been shrinking for almost half a century.
January 27, 2015 Medicare payments to be tied to quality, HHS saysSource: MarketWatch
Medicare payments will be more closely tied to quality, not quantity, under a new program announced Monday by the U.S. Department of Health and Human Services.
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