Oil prices rebound in Asian trading
Oil prices sunk in early Monday morning trading in Asia (by as much as 2.5 percent) to record 5-1/2 year lows before rebounding. US benchmark...
PetSmart being acquired for $8.7 billion
PetSmart is going to be acquired for $8.7 billion by a group of investors led by BC Partners. PetSmart agreed to be acquired for...
Minneapolis Federal Reserve President stepping down in 2016
Narayana Kocherlakota announced that he would be stepping down as president the Federal Reserve Bank of Minneapolis when his term ends in February 2016.
He...
US Consumer Sentiment hit an almost 8-year high in December
US consumer sentiment continues improving, reaching an almost 8-year high in December, according to the Thomson Reuters/University of Michigan's preliminary reading released on Friday,...
Dow Jones has worst week since 2011
The Dow Jones Industrial Average declined by 3.8% in one week, its steepest one-week fall since November 2011, despite the US economy doing well...
Tax helplines cut off one third of callers, UK Government vows to improve
After a Which? undercover test showed that almost one third of HM Revenue and Customs (HMRC) Helpline calls were cut off because there were...
Parking fees give English councils £667m profit, but spending on roads down
Profits from off-street parking operations made by English councils increased by 12% to £667 million, compared to £594 million last year, says the RAC...
FTSE 100 posts 3-year record one-week fall
With oil prices hitting 5-year lows and Chinese economic data pointing to a greater likelihood of a hard landing, London’s FTSE 100 posted its...
Wealth inequality along racial, ethnic lines widened under Obama
Wealth inequality, when comparing whites with different racial and ethnic groups, has widened since the Great Recession, or during Barack Obama’s presidency, a Pew...
Yodel promises to clear parcel backlog by Monday
UK courier company Yodel promised on Saturday to clear its parcel backlog by Monday and apologized for the delivery delays. Due to what the...