Apr 25, 2019 Last Updated 13:59 PM EDT
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Investors pull out $8.9 billion from US stocks, most in 9 months

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Investors pull out from US stock funds

Wall Street has been put on defensive mode ever since Donald Trump became the president of the United States. This led to investors pulling out $8.9 billion from US stock funds that ended on March 22 according to a research conducted by EPFR Global.
Samsung Electronics chief apologizes for scandal, rejects calls for company reform

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Samsung Electronics chief apologizes for scandal, rejects calls for company reform

Samsung Electronics chief says sorry for its involvement in the scandal that led to South Korea's president being impeached. It also announced it would not be changing its corporate structure to use a holding company.
Tiffany & Co

News

Tiffany posts strong sales growth in China, appoints new directors

The jewelry retailer's results were consistent with its previously issued guidance for the 2016 fiscal year. Tiffany & Co. names Roger Farah, James Lillie and Francesco Trapani as directors effective last Mar. 6.
Toyota plans £240 million investment in Burnaston plant

News

Toyota plans £240 million investment in Burnaston plant

Japanese automaker Toyota plans to invest £240 million in upgrading its car plant that makes the Auris and Aventis models.
Expedia gives board of directors seat to Chelsea Clinton

News

Expedia gives board of directors seat to Chelsea Clinton

Travel site Expedia just named Hillary Clinton's daughter, Chelsea Clinton, as a member of its board on Thursday. Clinton will be paid in accordance with the company's standard compensation policies for board members.
Electronic ban from cabins on some Middle Eastern and African flights to US

News

Tech experts criticize electronic ban from cabins of some Middle Eastern, African flights to US

An airline official says that the electronic ban would affect some airlines flying into the US and would cover devices larger than a cell phone. This is due to a security concern regarding passengers boarding nonstop flights to the US from certain countries.
Eletronics ban: Gulf Airlines worry about its effects, UK follows new security measure

News

Gulf airlines worry about effects of electronics ban; UK follows new security measure

According to the new electronics ban, larger than smartphones such as iPads, Kindles and laptops will have to be checked in so that passengers could clear security and board their flight. The rules will be enforced come March 25.
Disney plans back wages to to employees charged for their costumes

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Disney to give back wages to employees charged for their costumes

The US Department of Labor and two subsidiaries of The Walt Disney Co. have reached an agreement to give back $3.8 million in back wages according to a press release statement issued last Friday.
Sears Holdings

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Sears admits plan to avoid bankruptcy by selling brands may prove difficult

Sears Holdings Corp. admits overnight its ongoing survival is unlikely and its plan to avoid bankruptcy by selling off or licensing brands may prove difficult.
Japan minister agrees to share Toshiba case information with U.S.: Kyodo

News

Japanese minister agrees to contribute information on developments with Toshiba

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 Sport Formula One Team Launch 2017 Car

News

Renault denies reports it cheated on emissions tests for decades

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.
Cathay Pacific posts $74 million annual loss due to overcapacity, intense competition

News

Cathay Pacific posts $74 million annual loss due to overcapacity, intense competition

Shares of Hong Kong's flag carrier dipped almost seven percent following the profit loss of HK$575 million for 2016, which was down from an HK$6 billion profit from the previous year.
Audi, VW sites raided by German prosecutors in emissions-scandal probe

News

Audi, VW sites raided by German prosecutors in emissions-scandal probe

Buyers of some 80,000 V6 3.0-litre Audi and VW diesel cars that were sold in the US from 2009 to 2015 were unaware of the emissions scandal
Neiman Marcus up for sale, Saks Fifth Avenue owner expresses potential buy out

News

Neiman Marcus up for sale, Saks Fifth Avenue owner expresses potential buy out

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 looking to sell Westinghouse nuclear business

News

Toshiba looking to sell controlling stake in Westinghouse Unit

Toshiba president Satoshi Tsunakawa sidesteps questions for a Chapter 11 filing for Westinghouse and says there are various options.
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Latest Stories

What happens if there is no deal for Brexit?

Currently, a driver of a UK-registered car is allowed to drive anywhere in the EU, the EEA (European Economic Area), Switzerland and Serbia, and not have to carry a green card that proves you have insurance cover.

China Agrees To Stop Currency Manipulation

President Trump on Friday announced the first concrete deal with China to come out of nearly three months of trade talks - a deal to prevent currency manipulation.

German economy narrowly avoids recession

Europe's largest economy offered mixed signals on Friday that suggest it's down but not out.

CEOs make money from negative information released prior to stock option grants

New research finds that despite regulations, CEOs control information release and may do so for their own financial gain

Believing in yourself can backfire when investing in equity crowdfunded ventures

Normally, it's good to believe in yourself. But research from Indiana University's Kelley School of Business indicates that it can be bad advice for amateurs investing online in unregulated, sometimes risky, equity crowdfunded ventures.

Must Read

Parenthood contributes to gender imbalance in STEM employment, but it's not just an issue for mother

Nearly half of new moms and a quarter of new dads leave their full-time STEM jobs after they have their first child, according to a new study.

Visa and Mastercard plan to increase fees for processing transactions

Visa Inc and Mastercard Inc, the two biggest U.S. card networks, are preparing to raise certain fees levied on U.S. merchants for processing transactions from this April, the Wall Street Journal reported on Friday, citing people familiar with the matter.

Feel anxious? Have trouble sleeping? You may be traveling for business too often

People who travel for business two weeks or more a month report more symptoms of anxiety and depression and are more likely to smoke, be sedentary and report trouble sleeping than those who travel one to six nights a month, according to a latest study conducted by researchers at Columbia University's Mailman School of Public Health and City University of New York.

Trump declares emergency on southern border

President Trump said Friday he is declaring a national emergency on the southern border, tapping into executive powers in a bid to divert billions toward construction of a wall even as he plans to sign a funding package that includes just $1.4 billion for border security.

Mix Reactions over Amazon Retreat on Long Island City

Amazon's decision to abandon plans to build a new campus in Long Island City, Queens, has drawn cheers from several politicians, community organizers and other locals opposed to the expansion.

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