Business

Target says PINs stolen, but confident data secure

Target says PINs stolen, but confident data secure

With the aid of Jim Finkle and Dhanya Skariachan BOSTON/NEW YORK (Reuters) – Goal Corp stated PIN data of some clients' bank ATM playing cards had been stolen in an enormous cyber assault on the 1/3-biggest U.S. retailer, nevertheless it used to be confident that the ideas used to be […]

 
 

Nasdaq to compensate firms on December 31 for botched Facebook IPO

Nasdaq to compensate firms on December 31 for botched Facebook IPO

By way of John McCrank NEW YORK (Reuters) – Nasdaq OMX Group Inc will compensate firms on December 31 for qualifying claims associated to Facebook Inc's botched May just 2012 preliminary public providing, the alternate operator mentioned in a observe to merchants on Friday. Nasdaq mentioned prior to now it […]

 
 

Wall Street rallies to record highs, buoyed by Apple deal

Wall Street rallies to record highs, buoyed by Apple deal

By using the use of Ryan Vlastelica NEW YORK (Reuters) – U.S. shares jumped on Monday, with the Dow and S&P 500 advancing to all-time highs as Apple Inc surged on a distribution take care of China Cell and lifted the expertise sector. Tech titan Apple mentioned on Sunday it […]

 
 

Jos. A. Bank rejects Men’s Wearhouse takeover offer

Jos. A. Bank rejects Men’s Wearhouse takeover offer

A. Financial institution Clothiers Inc has rebuffed a $1.5 billion takeover bid by Males's Wearhouse Inc , prompting its greater rival to explore other the way to fulfill buyers' hunger for a merger of the swimsuit shops. Shares of Men's Wearhouse fell about 1 % on Monday after Jos. A. […]

 
 

Confident consumers brighten economic outlook

Confident consumers brighten economic outlook

By means of Lucia Mutikani WASHINGTON (Reuters) – Client sentiment hit a 5-month high heading into the end of the 12 months and spending notched its strongest month since the summer, the most recent indicators of sustained power within the financial system which might be fostering hopes of a strong […]

 
 

Apple says in iPhone pact with China Mobile; no terms disclosed

Apple says in iPhone pact with China Mobile; no terms disclosed

Apple Inc on Sunday announced a multiyear maintain China Mobile to carry its iPhone product strains to China, starting January 17, 2014. The terms of the deal were not introduced, however Apple said important points of pricing and availability for its iPhone 5S and 5C lines could be to be […]

 
 

Insight: U.S. early warning system for financial crises gets low marks

Insight: U.S. early warning system for financial crises gets low marks

Through Sarah N. Lynch and Emily Stephenson WASHINGTON (Reuters) – In June 2009, a small staff of academics despatched an envoy to a Washington, D.C., suppose tank to pitch their vision for a research workplace to lend a hand the nation avoid the next financial trouble. The theory used to […]

 
 

Wall St. climbs on GDP data; heavy volume expected

Wall St. climbs on GDP data; heavy volume expected

By Chuck Mikolajczak NEW YORK (Reuters) – Shares rose on Friday, placing the S&P 500 on % for its very best week in 5 months, as an abruptly robust record on U.S. growth boosted investor self assurance that the economic system may handle a wind-down of Federal Reserve stimulus. Gross […]

 
 

Dow, S&P trade flat; indexes near record highs

Dow, S&P trade flat; indexes near record highs

By using Ryan Vlastelica NEW YORK (Reuters) – The Dow and the S&P 500 barely budged on Thursday as buyers paused after a powerful rally in the previous session that drove both indexes to document closing highs. Wednesday’s rally got here after the Federal Reserve announced a plan to trim […]

 
 

Wall Street little changed as Fed set to meet

Wall Street little changed as Fed set to meet

By Rodrigo Campos NEW YORK (Reuters) – U.S. stocks edged decrease on Tuesday as the Federal Reserve prepared to begin its closing coverage-environment assembly of the yr. Although many available in the market expect the Fed to begin to wind down its market-pleasant $85 billion a month in asset purchases […]

 
 

Omnicom, Publicis to win EU okay for $35 billion merger

Omnicom, Publicis to win EU okay for $35 billion merger

With the aid of Foo Yun Chee BRUSSELS (Reuters) – Omnicom and Publicis will win unconditional European Union regulatory approval for his or her $35.1 billion merger to create the world’s biggest advertising company, two folks conversant in the subject mentioned on Tuesday. U.S. firm Omnicom at the moment ranks […]

 
 

Wall Street opens flat as Fed eyed

Wall Street opens flat as Fed eyed

NEW YORK (Reuters) – U.S. shares opened little changed on Tuesday as the Federal Reserve ready to start its final coverage-setting meeting of the yr. The Dow Jones industrial average rose 23.72 points or 0.15 percent, to fifteen,908.29, the S&P 500 lost 0.67 factors or 0.04 percent, to 1,785.87 and […]

 
 

Consumer prices flat in November as gasoline falls

Consumer prices flat in November as gasoline falls

By using Lucia Mutikani WASHINGTON (Reuters) – Consumer costs have been flat in November, however a jump again within the annual inflation charge from a 4-12 months low will most likely supply the Federal Reserve duvet to start dialing back its large monetary stimulus. The Labor Department mentioned on Tuesday […]

 
 

China widens access to over-the-counter exchanges

China widens access to over-the-counter exchanges

China will enlarge and liberalize get entry to to its over-the-counter (OTC) market to all certified small and medium-sized firms (SMEs), the Chinese language State Council introduced Saturday. The China Securities Regulatory Rate, performing underneath guidance from the State Council, will put off approval ways for applicant companies with 200 […]

 
 

Qualcomm promotes Mollenkopf to CEO, ends Microsoft talk

Qualcomm promotes Mollenkopf to CEO, ends Microsoft talk

By using Noel Randewich and Sruthi Ramakrishnan SAN FRANCISCO (Reuters) – Qualcomm Inc, the world's biggest maker of cellular phone chips, abruptly named Chief Working Officer Steve Mollenkopf as chief executive on Friday, heading off the chance he might be poached to run Microsoft Corp. Mollenkopf had been in line […]