US economic growth slowed down in August
Economic activity in August was lackluster and less than forecasted. The Conference Board said that despite slower economic pace of growth, it is still...
Canadian overall inflation steady but core inflation rose unexpectedly
While the Canadian overall inflation rate in August stayed the same at 2.1%, its “core” rate surged to 2.1% from 1.7% in July, above...
Unemployment rate in Georgia increases to 8.1 percent
The unemployment rate in the state of Georgia has increased to 8.1 percent, according to state labor officials.
The Georgia Department of Labor released the...
B20 business leaders say global economy needs a kick-start
The B20 group of business leaders are asking the world’s richest countries to increase spending on infrastructure and reduce the amount of regulation and...
Lotus Cars announcing up to 325 job losses
This week, British manufacturer of sports and racing cars Lotus Cars has announced up to 325 job losses, representing about one quarter of its...
London shares rose on Scottish vote, pound lost early gains
When it became clear on Friday that Scotland had voted to reject independence, shares on the London Stock Exchange rose 18 points (0.27%) to...
US appeals court declines to rule on Citigroup and Argentina appeal
A Citigroup Inc. and Argentinian appeal resulted in a “no verdict” by the 2nd U.S. Circuit Court of Appeals in New York on Friday,...
Prada profits fall 21% because of a strong euro
On Friday, Italian luxury fashion house Prada sPa reported a 21% fall in net profit to €244.8 million for the first half of 2014,...
Alibaba IPO debut was a huge success
China’s biggest e-commerce business Alibaba held its IPO in the NYSE on Friday. It was huge success. Early in the day stocks changed hands...
Dresser-Rand attracts acquisition interest from GE and Siemens
There are talks of a possible merger between Dresser-Rand Group and Swiss pump maker Sulzer. At the same time there are reports of GE...