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Business

Nasdaq Parties Likes It's 2000, but More Sedately

Wall Street Journal - ‎53 minutes ago‎
The Nasdaq Composite Index broke through 5000, returning to a level it hadn't seen in nearly 15 years and moving within range of a record for the first time since the Internet stock bubble.
Nasdaq touches 5000 for the first time since 2000
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TAKE A LOOK-Asia c.banks: Australia's RBA holds rates, leaves door open for cut

Reuters - ‎30 minutes ago‎
Australia's central bank held its cash rate steady to confound calls for a cut and sending the local dollar sharply higher, though it did leave the door wide open for an easing at future policy meetings.

Gross giving himself four years to re-establish track record

InvestmentNews - ‎3 hours ago‎
Bill Gross, the money manager who jumped to Janus Capital Group Inc. in September from the bond giant he co-founded, said he'll keep trading for the next two to four years to prove he can still beat the market.

Macau Feb gaming revenue slumps record 49 pct as rich Chinese stay away

Reuters - ‎21 minutes ago‎
... * Gambling revenue falls for ninth consecutive month. * Hong Kong casino stocks rise as revenue drop meets views. * Further closures of junket operators expected.

Costco announces new partnership with Visa and Citi

The Week Magazine - ‎1 hour ago‎
Now that Costco's deal with American Express is over, Citigroup Inc. will start issuing the company's credit cards and Visa Inc. will be the credit-card network beginning in 2016.

Paydiant acquired by PayPal

Boston Globe (subscription) - ‎1 hour ago‎
On its way to being spun out as a stand-alone company, PayPal made a big move locally on Monday, acquiring the Newton mobile payments software company Paydiant.

Cardinal Health to Buy J&J's Heart Business

Wall Street Journal - ‎3 hours ago‎
Cardinal Health Inc. has agreed to buy the heart-product business of Johnson & Johnson for $1.94 billion in cash, in a move that will add stents and catheters to the list of products Cardinal offers to hospitals, physicians and ambulatory centers.

Caesars Entertainment posts loss of $1.01 billion in 4th quarter, $2.77 billion ...

Daily Journal - ‎6 hours ago‎
LAS VEGAS - LAS VEGAS - The gambling gods were not kind to Caesars Entertainment Corp. in the fourth quarter. The Las Vegas company reported a loss of over $1 billion during the final three months of the year that featured what its CEO called an ...

No horse race between Ajit Jain, Greg Abel: Buffett

Business Standard - ‎2 hours ago‎
Warren Buffett, Berkshire Hathaway chairman & CEO, said there's no horse race to run between India-born top insurance executive Ajit Jain and Greg Abel, head of Berkshire's energy companies, as his possible successors.

Freak winter storm brings hail, funnel clouds to Southern California but little ...

The Whittier Daily News - ‎3 hours ago‎
MARCH 2,2015. VAN NUYS CA. Low level storm cells pass over the San Fernando Valley Monday that caused major traffic on the freeways and some flooding in some areas.

Oil prices rise as global markets firm, dollar comes off highs

Reuters - ‎47 minutes ago‎
... * U.S.-dollar off 11-year highs; Asian markets rally. * But high U.S., Middle East production maintains supply glut. * Asian economies benefit from cheap oil -ABN Amro (Adds comment, Asian economic detail, updates prices).

Gold falls as dollar holds near 11-year high

Reuters - ‎1 hour ago‎
Gold rings are displayed for sale at a Bao Tin Minh Chau gold shop in Hanoi June 21, 2013. Credit: Reuters/Kham. Related Topics. Business » · PICTURE GALLERY · Life in the ruins.

Morgan Stanley expects lawsuit from NY Attorney General

SFGate - ‎5 hours ago‎
NEW YORK (AP) - Morgan Stanley, which agreed to a $2.6 billion settlement with the federal government last week, says it expects to be sued by New York Attorney General Eric Schneiderman over subprime mortgage bonds.
Morgan Stanley expects suit

Forbes adds Michael Jordan to 2015 world's billionaires list

MSNBC - ‎3 hours ago‎
Michael Jordan joined the likes of Bill Gates and Warren Buffett in the swelling ranks of the world's billionaires, according to the annual Forbes' World's Billionaires List for 2015.

Taiwan orders Alibaba withdrawal after rules violation: official

Financial Times - ‎16 minutes ago‎
Taiwan has ordered Alibaba to withdraw from the country within six months because the online retailer had violated investment rules required for a Chinese company, an economics ministry official said on Monday.

The big tax screwup that can destroy your credit

CNBC - ‎2 hours ago‎
If you think IRS tax liens are required to stay on your credit report for seven years, even if you've paid your tax debt in full, then it's time we let the genie out of the bottle.

Lumber Liquidators Says Floors 'Completely Safe'

Wall Street Journal - ‎53 minutes ago‎
Lumber Liquidators Holdings Inc. fought back against accusations raised on “60 Minutes” Sunday night that the company sold laminate flooring that didn't meet safety standards, saying the attacks were driven by short sellers who stood to benefit by driving its ...

FAA Computers Can Be Hacked According To GAO Report

Immortal News - ‎41 minutes ago‎
The Government Accountability Office, known as the GAO for short, indicated in a report that the Federal Aviation Administration's computer systems exhibit “significant security control weaknesses” and that they threaten the agency's ability to ensure the safety ...

Bulk shipments of rechargeable batteries no longer allowed on United planes

The Week Magazine - ‎1 hour ago‎
On Monday, United Airlines announced it will stop accepting bulk shipments of rechargeable batteries amid safety concerns. The batteries are often shipped by the tens of thousands in one cargo container on a plane, and tests by the Federal Aviation ...
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