Family Dollar rejects Dollar General despite improved offer
Family Dollar rejects Dollar General despite an improved takeover offer of $9.1 billion, citing antitrust concerns. Dollar General increased its bid to $80 per...
August US job gains slowed significantly
August US job gains were much weaker than analysts had been expecting. According to the Bureau of Labor Statistics, part of the US Labor...
Barclays Biometric Reader scans the veins in your finger
The Barclays Biometric Reader that uses finger vein authentication technology has been launched in the UK. Customers can easily access their online bank accounts...
US wealth gap widens, says Fed
The US wealth gap has widened, says the Federal Reserve in a new report, with the richest Americans enjoying 10% pre-tax income gains during...
Tesla picks Nevada for Gigafactory
Tesla picks Nevada as the official site for its $5 billion lithium ion battery factory known as the Gigafactory, which is planned to be...
Judge finds BP grossly negligent
A federal judge found BP grossly negligent in its conduct that resulted in the worst offshore oil spill in American history. “Grossly negligent” rather...
US labor productivity improved 2.3 percent in Q2 2014
In the second quarter, US labor productivity improved by 2.3%, says the Bureau of Labor Statistics, part of the Department of Labor. Hours worked...
Strong August UK car sales
August UK car sales grew for the 30th consecutive month, as private and fleet consumer confidence surged, said the Society of Motor Manufacturers and...
ECB slashes rates to spur growth
The ECB slashes rates, surprising analysts, to bolster economic growth and prevent a Eurozone slide into a deflationary spiral. The ECB Governing Council reduced...
Bank of England holds benchmark interest rate at 0.5%
The Bank of England holds its benchmark interest rate at 0.5%, the lowest level in its 320-year history. Governor Mark Carney and colleagues at...