European Central Bank: 'No room for complacency' on recovery
Europe faces elections in France, the Netherlands, Germany and possibly Italy this year. In each case, right-wing or radical parties opposed to the European Union and the euro itself will have a chance to test their support with voters. Britain will also be giving notice that it is leaving the EU, starting talks on the U.K.'s future trade relationship with the EU. The election of Donald Trump in the United States has raised questions about U.S. trade policy with China and other countries, a key..>> view original8 IRA-Related Mistakes Young Professionals Need To Avoid
Opening and contributing to an IRA requires a lot of nuanced decision-making. And it isn’t just about making choices, it’s about understanding why one option works better for your financial plan. When I was opening an IRA, I was lucky to have both family members and an accountant to point me in the right direction. I also left my first full-time job at 22 and became self-employed in the same breath, so I had a reason to start an IRA — and roll over my 401(k) — very early in my career. I ended up..>> view originalVerizon Said to Near Yahoo Deal at Lower Price After Hacks
Verizon Communications Inc. is close to a renegotiated deal for Yahoo! Inc.’s internet properties that would reduce the price of the $4.8 billion agreement by about $250 million after the revelation of security breaches at the web company, according to people familiar with the matter. Exclusive insights on technology around the world. Get Fully Charged, from Bloomberg Technology. In addition ..>> view originalAsian stocks mixed on upbeat US data, rate hike expectations
SEOUL, South Korea (AP) รข€” Global stocks turned lower on Thursday as investors became cautious after a days-long run pushed U.S. indexes to record highs.KEEPING SCORE: Britain's FTSE 100 was down 0.5 percent at 7,268 while France's CAC 40 fell 0.4 percent to 4,903. Germany's DAX slipped 0.2 percent to 11,765. Futures augured a tepid start on Wall Street. Dow and S&P futures were down 0.2 percent.US ECONOMY: On Wednesday, reports of stronger retail sales and inflation showed that the U.S. econo..>> view originalApplications for Unemployment Benefits Edge up 5000
The number of Americans filing for unemployment benefits rose slightly last week but still remained at a level indicating a healthy job market. Feb. 16, 2017, at 8:53 a.m.. MORE. LinkedIn · StumbleUpon · Google +; Cancel. Applications for Unemployment ...>> view originalWall Street to open lower as it navigates unchartered territory
U.S. stocks eked out enough gains on Thursday for the three main indexes to notch a record intraday high for the sixth straight session, helped by gains in Cisco.The rally was sparked a week back by President Donald Trump's vow of a 'phenomenal' tax announcement. Robust economic data has also been a boost, while bank stocks have risen on prospects of an upcoming interest rate hike.Trump tweeted on Thursday: "Stock market hits new high with longest winning streak in decades. Great level of conf..>> view originalNestle Braces for Slowdown as New Chief Hatches Revival Plan
Nestle SA’s new Chief Executive Officer Mark Schneider said it will take years to return to the growth rates targeted by his predecessors as the world’s largest food company aims to fix underperforming businesses and trim its factory network.The KitKat maker forecast revenue will increase 2 percent to 4 percent on an organic basis this year, below a long-held goal of 5 percent to 6 percent. Schneider also said Thursday restructuring costs will rise to about 500 million francs ($498 million) in ..>> view originalSnap seeks valuation of up to $18.5 billion in highly awaited IPO
(Adds details, comments)By Sruthi ShankarFeb 16 Snap Inc, owner of the popular messaging app Snapchat, is seeking a valuation of between $16.20 billion and $18.52 billion in its highly awaited initial public offering.The company, which filed for an IPO earlier this month, was widely expected to be valued at between $20 billion and $25 billion, giving it the richest valuation in a U.S. technology IPO since Facebook Inc."I think that the lower proposed valuation reflects feedback from institutio..>> view originalSeeking Acquisition? What You Can Learn From Time Warner's Sale to AT&T
Reader Resource Join Entrepreneur's The Goal Standard Challenge and make 2017 yours. Learn more » Yesterday, Time Warner shareholders voted to sell the company to AT&T for more than $85 billion, to help secure its future.As the parent company to outlets such as HBO and CNN, Time Warner offers AT&T access to the type of high-quality content that the telecom giant company needs to stay competitive. Indeed, AT&T has massive distribution power and with the merger it will control some of t..>> view original33-Year-Old Hedge Fund Star James Levin Awarded $250 million Pay Package Amid Och-Ziff Stock Debacle
Billionaire Dan Och’s hedge fund firm has promoted 33-year-old James Levin and handed him a $250 million pay package, according to a Wednesday filing with the Securities & Exchange Commission. Och-Ziff Capital Management said on Wednesday that Levin will serve as co-chief investment officer of the publicly-traded hedge fund firm. The pay package is designed “to incentivize Mr. Levin for the services, contributions and leadership he provides and to ensure the future continuity of the company,” Oc..>> view original
Thursday, February 16, 2017
European Central Bank: 'No room for complacency' on recovery and other top stories.
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