ECB has no plan to buy corporate bonds, says Luc Coene
Luc Coene, European Central Bank Governing Council member, recently said that despite policy makers purchasing covered bonds for the past two days, there is...
US government to announce Social Security COLA
Millions of older US citizens receiving government benefits sill soon know how much their monthly payments will rise in 2015. Over 70 million American...
Kentucky’s bourbon industry is booming
Over the past two years the number of licensed distilling companies in Kentucky tripled to 31, from 10, according to a report by the Urban...
Coca-Cola sales flat, plans to reduce costs by $3 billion
After disappointing soda sales, the Coca-Cola Company says it plans to reduce costs by $3 billion per year. The world’s biggest drinks maker aims...
Existing-home sales rebound in September in the United States
Existing-home sales in the US in September picked up after declining marginally in August, says the National Association of Realtors (NAR). Gains were seen...
JPMorgan Chase fined $78 million by European Commission
JPMorgan Chase has been fined for over $78 million on Tuesday by European authorities for the manipulation of an international financial benchmark and being...
Tesco plunges as the smaller supermarkets rise
Sales of the world’s second largest retailer Tesco are falling faster than any other UK supermarket chain, while German discounters Lidl and Aldi and...
Staples reports possible cyberattack, investigating issue
Staples is investigating a potential credit card data breach and has contacted law enforcement officials about the problem. The office supplies company is the...
United Technologies posts strong third quarter figures
American multinational conglomerate United Technologies Corp. posted a 31% increase in net income to $1.9 billion ($2.04 per share) in the third quarter. The...
UK Government borrowing jumped to £11.8 billion in September
Government borrowing in the United Kingdom increased by £1.6 billion in September to £11.8 billion compared to September 2013. Analysts had predicted there would...