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Market

Yellen

Bull market sends 401(k)s soaring to record highs

18/07/2014(0)
The bull market has sent 401(k) retirement plan balances soaring to record highs, according to an analysis by Fidelity Investments released today. Fidelity analyzed its accounts for 13 million ... Read More
EGYPT-master675

Egypt Cuts Tax Breaks for Fuel; Few Protest

18/07/2014(0)
When President Anwar el-Sadat of Egypt said he intended to raise the price of flour, rice and other subsidized goods in 1977, he ignited days of riots that left ... Read More
citigroup

High & Low Finance: Citigroup’s Settlement, Pro and Con

18/07/2014(0)
The punishment did not fit the crime, or at least it did not fit the crime that was charged. Citigroup’s $7 billion settlement of charges that it sold bad ... Read More
Brent Crude Oil

U.S. Oil Trade Imbalance With Canada Shrinking

18/07/2014(0)
Thanks in large part to its energy-rich oil sands, Canada exports 10 times more oil to the United States than the United States exports to Canada, but that balance ... Read More
Vitamins made by Shire

AbbVie-Shire Deal Is Expected, in a Flight to a Lower-Tax Locale

18/07/2014(0)
The biggest deal of the year is set to be announced on Friday morning, as the pharmaceutical giant AbbVie plans to announce a $53 billion acquisition of Shire, according ... Read More
135849-thumb

RBS winding down distressed debt unit

18/07/2014(0)
State-backed Royal Bank of Scotland Group Plc is shuttering a distressed-debt unit as it continues to shrink its investment bank, Bloomberg reported, citing three people familiar with the matter. ... Read More
Susan Wagner_ BlackRock

Apple appoints BlackRock founding partner to board

18/07/2014(0)
Apple Inc said Susan Wagner, founding partner of BlackRock Inc, had been appointed to its board. The maker of iPhone said Bill Campbell, the board’s longest-serving member, would retire ... Read More
japan-04

Japan upgrades economic outlook

17/07/2014(0)
Japan upgraded its overall assessment of the economy in July for the first time in six months as consumers reopened their wallets following an initial pullback in spending in ... Read More
Microsoft CEO Satya Nadella

Microsoft to Cut Up to 18,000 Jobs

17/07/2014(0)
Microsoft announced on Thursday that it would eliminate up to 18,000 jobs over the next year as part of a major restructuring. Previously, the largest layoffs at the company ... Read More
ECB headquarters are pictured prior to the bank's monthly news conference in Frankfurt

ECB will reveal unprecedented amount of data after bank stress tests

17/07/2014(0)
The European Central Bank (ECB) on Thursday laid out plans to publish a trove of data on individual banks – ranging from measures of their leverage to a standard ... Read More
Broker Cyprus TopFX