economy Archive

U.S. stocks poised to pull back as caution sets in ahead of Fed speakers

U.S. stocks were poised for a cautious open on Thursday, ahead of a round of appearances by Federal Reserve officials and important energy-supply data that could set the direction for investors. Against a backdrop of mostly weaker global markets, Dow Jones Industrial Average futures YMZ5, -0.06% slipped 34 points to 17,621. Those for the S&P [&hellip

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The 19 most successful CEOs in Europe right now, according to the Harvard Business Review

The Harvard Business Review recently launched its yearly ranking of the world’s best-performing CEOs. The ranking is created by looking at three key financial variables: the change in market capitalisation a CEO has overseen, the country-adjusted total shareholder return, and the industry-adjusted total shareholder return. HBR also measured what it calls ESG, or the environmental, [&hellip

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Dollar steadies against yen, while Aussie dollar surges

Source photo The dollar was almost flat against the yen during Asia trade Thursday, with brightened sentiment prompting selling of the Japanese currency and its perceived safety, which offset dollar selling by investors looking to lock in profits. Meanwhile, the Australian dollar jumped against its rival currencies following a sharp drop in the nation’s unemployment [&hellip

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U.S. oil prices struggle to break away from two-month low

U.S. crude oil prices held near more than two-month lows in early Thursday trading, after a sharp slide on concerns the market will take much longer than many anticipated to rebalance as supplies far outstrip demand. Benchmark U.S. crude futures were at $43.15 a barrel at 0033 GMT (0833 EDT), up 22 cents on Wednesday [&hellip

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Amazon debuts in Thomson Reuters 2015 top 100 innovators list

Online marketplace Amazon.com Inc made its debut in the 2015 Thomson Reuters Top 100 global innovators list, leaving International Business Machines Corp , the world’s largest technology services company, out of the list. Amazon joins the innovators list for the first time for innovations in data centers, devices, electronic methods and systems, according to its [&hellip

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A lot of big startups got written down by Fidelity

Fidelity’s recent 25% writedown of its stake in disappearing photo-app Snapchat sent shockwaves through the tech industry. But Snapchat is not the only highly-valued company to get cut down to size and have its value slashed by the mutual fund. Zenefits, Dataminr, and Blue Bottle Coffee Co were all marked down by Fidelity in the [&hellip

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Blackstone to take minority stake in NCR Corp -source

Photo credit: Bloomberg Blackstone Group LP has agreed to invest more than $800 million in NCR Corp that will give it the equivalent of more than a 15 percent stake in the automated teller machines maker, a source familiar with the matter said on Wednesday. Duluth, Georgia-based NCR plans to announce details of the deal [&hellip

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Activist shareholders were busier and more aggressive than ever in 2015

Source photo Activist shareholders have been busier and more aggressive than ever in 2015, in a move that may cheer the shareholders of target companies but dismay the owners of their debt. There were 178 public campaigns in the year through Oct. 15, up from 165 in the same period a year ago, according to [&hellip

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European banking bosses are getting paid a lot less than their American counterparts

Chief executives at European banks are getting a rough deal compared to their American counterparts, according to new research published in the Financial Times. The research, by PriceWaterhouseCooper and commissioned by the FT, shows that on average, chief executives in major American banks earn more than twice than those in charge of European banks. In [&hellip

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Oil prices drop after U.S. inventories rise

Crude oil prices fell on Wednesday after industry data showed an increase in U.S. stockpiles, and as analysts said that U.S. output had been surprisingly resilient in the face of lower prices. Benchmark U.S. crude futures slipped to a two-week low at $43.55 a barrel in early trading before trimming losses to trade down 59 [&hellip

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