Search Results for: Fed
Costco made $3.7 million selling ‘Tiffany’ rings. Now it must pay $19 million to the real Tiffany
August 16th, 2017
Costco must pay the storied jewelry company Tiffany & Co. more than $19 million for selling about 2,500 diamond rings falsely identified on store signs as “Tiffany” rings, a federal judge ruled Monday. Costco’s management “displayed at best a ...
Germany’s second-largest airline Air Berlin has filed for insolvency
August 16th, 2017
Germany’s second-largest airline Air Berlin has filed for insolvency after its key shareholder Etihad Airways said it would withdraw financial support for the carrier. Trading in Air Berlin shares was temporarily suspended until 12:05 GMT. Air Berlin and its ...
Dollar holds most of gains
August 16th, 2017
The dollar was steady in Asian trade on Wednesday, holding onto most of its gains made after strong U.S. retail sales data kept alive the chance of another Federal Reserve interest rate hike this year. Minutes from the Fed’s ...
Dumb – And Dumber — Money Keeps Pouring In
August 11th, 2017
Someday, stock, bond and real estate valuations will matter again. And the mechanism by which this return to sanity is achieved will probably be the torrent of money now flowing in from people who, for various reasons, don’t care ...
‘Robo-Lawyer’ launched for property investing
August 10th, 2017
Legal and fintech startup Bootstrap Legal, brainchild of seasoned lawyer and crowdfunder GC Amy Wan, has launched software that automates the drafting of complex legal paperwork for those raising capital for property projects of $2 million and under. The ...
Won drops; yen leads gains among G-10 currencies, gold rises
August 9th, 2017
Stocks in Asia declined with U.S. equity-index futures and the South Korean currency tumbled as investors took a risk-off approach after the U.S. and North Korea exchanged threats amid escalating tensions between the two nations. The yen and gold ...
WannaCry: hackers withdraw £108,000 of bitcoin ransom
August 7th, 2017
Digital wallets linked to ransomware attack that crippled NHS hospitals are cleaned out, as law enforcement tries to track owners More than £108,000 in bitcoin paid by victims of the WannaCry ransomware attack, which crippled parts of the NHS ...
What prevent oil prices from bigger drops?
August 4th, 2017
Oil prices dipped on Friday, with U.S. crude remaining below $50 per barrel, restrained by rising output from the United States as well as producer club OPEC. U.S. West Texas Intermediate (WTI) crude futures were at $48.95 per barrel ...
Toyota and Mazda Motor to build a $1.6 billion assembly plant in U.S.
August 4th, 2017
Toyota Motor (TM, -1.28%) and rival Mazda Motor (MZDAY, +4.48%) are expected to announce plans on Friday to build a $1.6 billion U.S assembly plant as part of a new joint venture, a person briefed on the matter said. ...
Asian stocks fell after surging to the highest level in almost 10 years
August 3rd, 2017
Asian stocks fell after surging to the highest level in almost 10 years, with investors assessing the strength of company earnings before American labor-market data provides the latest clues on the health of global growth. South Korean shares dropped ...
