Most interesting finance and busines news.
Used to be, if you wanted a knockoff handbag or fake fragrance, Lower Manhattan’s Canal Street was a mecca.
But with flea markets across the country now carrying the same kind of counterfeit products with poser trademarks, authorities warn that shoppers may get more than they bargain for in poor quality and safety risks while helping […]
Filed under: Uncategorized, finance by Guru
Comments Off
Online content creator Demand Media filed for an IPO back in August, but the company is still answering regulators’ questions about its unorthodox accounting practices.
Demand CEO Richard Rosenblatt has been insisting for years to media outlets, including Fortune, that his company — which churns out vast amounts of low-cost content optimized to grab search-engine […]
Asian stock markets were mixed in early trading Monday after China’s central bank raised interest rates over the weekend in a bid to rein in soaring inflation.
Japan’s benchmark Nikkei 225 stock average rose 57.89 points, or 0.6 percent, to 10,337.08. Markets in Malaysia and Singapore were marginally higher, but South Korea’s Kospi was down 0.1 […]
West African leaders urged Ivory Coast President Laurent Gbagbo to step down peacefully for President-elect Alassane Ouattara, saying “legitimate force” may be used if he fails to do so.
Presidents from 11 of the 15-member Economic Community of West African States, or Ecowas, were joined by foreign ministers of Mali, Gambia and Guinea in resolving […]
Filed under: money, technology by Guru
Comments Off
Fabric and craft store chain Jo-Ann Stores Inc. is being taken private by investment firm Leonard Green & Partners LP for about $1.6 billion, the latest in a series of billion-dollar retail buyouts.
The deal is the latest in a series of billion-dollar retail buyouts in the past three months. Last month preppy fashion retailer J. […]
American Airlines says it will no longer sell tickets on the Orbitz travel website, effective immediately.
The announcement by the nation’s third-largest airline came on Tuesday after a judge in Chicago said he would not block American from pulling its flight information off of Orbitz.
The airline said its tickets sold previously on Orbitz are still valid. […]
Finnish paper maker UPM-Kymmene Corp. said Tuesday it will acquire smaller rival Myllykoski Corp. and German-based Rhein Papier GmbH, together valued at some euro900 million ($1.2 billion).
UPM’s stock closed up more than 6 percent at euro12.76 ($16.79) on the Helsinki Stock Exchange.
The company did not disclose the size of the deal but said it would […]
Qatar Airways’ CEO expressed confidence in Boeing Co. over its delayed 787 program Saturday, but warned the fast-growing carrier may need to scrap orders for the planes if development problems drag on.
Chief Executive Akbar al-Baker noted, however, that there are no current plans to amend Qatar Airways’ orders for 30 787s and options for 30 […]
Asian shares were mixed Friday as markets struggled to find direction despite encouraging news about the U.S. economy.
Japan’s Nikkei 225 stock average slipped 0.2 percent to 10,296.22 and Australia’s S&P/ASX 200 lost 0.2 percent to 4,774.3.
South Korea’s Kospi rose 0.6 percent to 2,020.61. Benchmarks in Taiwan, Singapore and New Zealand also advanced.
In New York Thursday, […]