Business

Unemployment rate for young vets up again in January

President Donald Trump has vowed to make jobs the central focus of his White House and Republicans plan to offer a mix of tax cuts, reduced regulation and more spending on public works. Financial activities accounted for 32,000 new positions, with gains recorded in real estate, insurance and credit intermediation. Economists were projecting 175,000 jobs added.

Business

Saks Fifth Avenue Parent HBC Reportedly Wants to Buy Macy's

Talks between Macy's and Hudson's Bay (OTC:HBAYF) are in a preliminary stage, according to The Wall Street Journal . The company, which recently closed 68 stores, has a wealth of land and ground leases that it has pondered selling. However, Starboard Value , the activist investor hedge fund run by Jeffrey Smith, is pressuring for seats on Macy's board. In contrast to Macy's , Saks has opened 2017 with announcements of store openings, including a spate in downtown Greenwich.

Business

CBS Sets Radio Division Merger With Entercom

The companies anticipated the deal would be tax-free and close in the second half of the year. Existing Entercom shareholders would own the remaining 28% of the combined company. "This transformational transaction creates scale-driven efficiencies and opportunities to compete more effectively with other media to better serve our listeners and our advertisers", said David J.

Business

Karnataka: Uber and Ola to 'share' pool ban

It only allows for point to point pick up and drop. The law says the driver can stop, pick up and drop off passengers if it's all under the same contract and that's exactly what happens in UberPOOL. Infact, if we only talk about UberPool, then Bengaluru is Uber's 5th largest market in India, and approximately 25% of all Uber trips in Bengaluru are UberPool trips.

Business

Deutsche Boerse head probed over stock buys

Two people familiar with the case told Reuters that investigators searched offices at Deutsche Boerse's headquarters in Eschborn near Frankfurt on Wednesday in relation to suspected insider trading in connection with the share purchase. The shares were worth roughly 4.5 million euros ($4.9 million) at the time, but their value has since increased by 30%. LSEG welcomes the strong statement of support by Joachim Faber, chairman of the supervisory board of Deutsche Boerse who has described the ...

Business

Donald Trump's trade adviser accuses Germany of currency exploitation

While an attack on the exchange rate adds a new dimension, Germany's trade imbalance has been criticized for years by the International Monetary Fund and economists including former Federal Reserve head Ben Bernanke. "A drop below 100 for the US Dollar index, plus references to an undervalued euro from a key Trump adviser and a rebound in eurozone CPI, mean that the euro is hitting new highs for the year, with European indices selling off as a result", says Chris Beauchamp at IG in London.