The move marks as a progress for Atlanta Fed in regards to diversity as Bostic becomes the first African-American regional president in its history.
Scandal-ridden bank initiates organizational clean-up due to alleged mistreatment of workers aside from the popular fake account scandal. Wells Fargo vows to be a more streamlined, efficient and consistent consumer bank.
Tech company Lenovo posts a drop in its third quarter profits as it faced "sizeable" challenges in its business.
UK retail spending sees 1.5 percent growth year-on-year in January 2017 compared with January 2016.
Exxon Mobil Corp (XOM.N) said it would buy companies owned by the Bass family of Texas in a deal worth up to $6.6 billion.
The US President-elect, Donald Trump, has promised to hand out of his business empires to his children before get sworn as the president next month. Some politicians stated that Trump's words just to avoid potential conflicts of interest.
"The US President-elect sold his company stocks in June " said a spokesman, Jason Miller. Trump's company well known as one of the world's best corporation, among Walmart, Master Card and Apple.
New Zealand home buyers have the new option for home loan. On Tuesday Crown Finance Limited launched its Freedom Home Loans.
The report released by Needham & Company, an investment bank and asset management company, showed that bitcoin has been undervalued by more than $200, nearly 58% based on the current price.
Hyperloop Technologies Inc. has been implementing an innovative idea of Tesla CEO Elon Musk through developing a new concept of transportation platform. The Los Angeles tech giant considers for spending $121 million to develop the full track at Apex Industrial Park. To allure the investment, Nevada state officials have waved $9.2 million sales tax applicable on the capital expenditure.
Experts said the new chip-enabled or EMV credit and debit cards can help reducing fraud. However, incomplete adoption of chip cards and readers will make consumers and merchants vulnerable.
Facebook’s WhatsApp announced that they will stop supporting older mobile platforms, including BlackBerry, Nokia, as well as older Android and Windows operating systems. The decision would allow the app to further improve its features beyond older smartphones’ capabilities.
The Japan Finance Ministry is organizing a seminar for women covering the topics on the country’s fiscal policy. Women’s fashion magazine editor-in-chief Hiromi Sogo will serve as one of the six female speakers encouraging women to take a more active role in the country’s economy.
British property website Zoopla has set a new record in attracting more number of visitors to its webpage. About 58 million visits to Zoopla website and app by homebuyers was recorded in January 2016. Zoopla has announced better than forecast results for 2015.
The Westinghouse sale represents the latest in a series of steps Toshiba plans on undertaking to deal with the losses coming from the nuclear unit's ill-fated purchase of a US nuclear power plant construction company in 2015.
Renault shares plummet more than five percent on Thursday even after the company refused to acknowledge reports that it cheated on emissions tests for decades.
Hudson's Bay Co., owner of Saks Fifth Avenue, has expressed its interest in buying Neiman Marcus that would exclude the latter's debts.
Toshiba president Satoshi Tsunakawa sidesteps questions for a Chapter 11 filing for Westinghouse and says there are various options.
The chief executive of the Asian life insurer AIA Group will take over as HSBC chair on October 1, the first outsider to take on the role that breaks an HSBC tradition.
Tech giant Apple is found guilty of fixing the price of iPhones in Russia for several years.