The US Treasury Department said Thursday that it plans to sell about 40 percent of its shares in rescued bank Ally Financial for around $3 billion. Ally Financial, the former lending arm of automaker General Motors, was bailed out by the government…
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European stocks pulled back on Thursday, failing to gain traction from a surprise drop in US unemployment claims, while Citigroup earnings disappointed. London’s benchmark FTSE 100 index ended the day down just 0.07 percent at 6,815.42 points. Frankfurt…
US stocks finished the week modestly higher following a mixed batch of corporate earnings reports, avoiding a major retreat that had been feared early in the period. The Dow Jones Industrial Average edged 21.51 (0.13 percent) higher to 16,458.56. The…
US President Barack Obama will head to Brussels on March 26 to attend an EU-US summit, a European source told AFP Friday. The meeting is expected to give Obama the opportunity to mend ties with the 28-nation bloc, after tensions over revelations that…
Europe’s main stock markets rose on Friday, with London making gains as strong retail sales data offset a profit warning from Anglo-Dutch energy giant Shell. London’s FTSE 100 index of top companies gained 0.25 percent to stand at 6,832.75 points in…
Dunkin’ Brands Under the agreement, Dunkin’ Donuts will become the official coffee, tea and bakery partner for Liverpool FC, and Baskin-Robbins will become the official ice cream partner. Dunkin’ Brands Group, Inc. (Nasdaq: DNKN), the parent company…
Google made big news earlier this week, announcing that they would be acquiring Nest Labs, the maker of the Nest Learning Thermostat. Google have a long history of investing in clean energy and clean technologies like Nest, and they have continued that…
NEW YORK, NY–(Marketwired – January 14, 2014) – Profit Planners Management, Inc. (OTCQB: PPMT) announced its financial results for the…
Enlarge Many Chinese firms choose to list shares in the West, instead of limiting themselves to domestic markets (pictured). New York-based research firm Muddy Waters has brought down a handful of them with fraud accusations, making a profit along the…
Momentum has slowed on Wall Street after the surge at the end of 2013, but the stock market’s tally at week’s end was still respectable, even if not outstanding. While the market spent much of the week in the red, two of the three indices still finished…