Economy

Kellogg CEO Planning to Meet United Biscuits to Discuss Deal: WSJ

Cereal maker Kellogg Co's chief executive officer is planning to meet with cookies and snacks maker United Biscuits Ltd to discuss a possible 2 billion pound ($3.23 billion) offer for the British company, the Wall Street Journal reported on Thursday, citing people familiar with the matter.

Minimum Wage Increase New York 2014: Women Leaders Call on NY State to Raise Pay

As New York City Mayor Bill de Blasio was raising the minimum wage for workers at city-subsidized projects, women leaders rallied on Long Island on Tuesday to call for lawmakers to increase the state's minimum wage.

Robert Iger Extension: Disney's Chief Executive Delays Retirement, Extends Contract to 2018

Robert A. Iger will continue to serve as chief executive and chairman of the Walt Disney Company until June 2018, according to an extension of two years beyond his already pushed back retirement date

Comcast-Time Warner Merger Decision Delayed in NY

Comcast's attempt to acquire Time Warner Cable has been delayed as New York regulators announced Monday that they would delay their verdict on the acquisition by over one month.

Jobs & Hiring Update 2014: Jobless Claims Fall Again; Layoffs Declining?

Economists say the labor market is likely strengthening The number of new jobless claims in the U. S. fell again last week, likely suggesting that employers are slowing layoffs and that the economy is improving.

LA Officials Give Final Approval to Pay Increase at Large Hotels

Los Angeles city leaders gave final approval on Wednesday to a measure that would increase the wages of workers at large hotels to $15.37 an hour, prompting a warning from hotel industry officials they might sue over the "living wage ordinance."

PayPal Spawn Have Advanced Where PayPal Stood Still

PayPal's biggest threat as it prepares to split from eBay next year may come from former employees who back a crop of new businesses serving shoppers who increasingly prefer to pay with mobile phones rather than personal computers.

Sirius XM Will Appeal Copyright Ruling in $100 Million Lawsuit

Satellite radio provider Sirius XM Holdings Inc will appeal a California federal judge's decision finding it liable of copyright infringement for airing pre-1972 songs by the band, The Turtles, and failing to pay royalties.

Argentina Central Bank Chief Quits, Raising Policy Uncertainties

Argentina's central bank chief resigned on Wednesday after a long tussle with the economy minister and was replaced with a regulator seen as sympathetic to the interventionist stance of a government fighting one of the world's highest inflation rates.

Dow Jones Stock Market News: Airlines Fall on Ebola Fears, Some Drugmakers Rise

Global news sends stocks falling The first Ebola case was reported in the U. S. and that sent shares of major airlines down Wednesday. That is just one major industry that fell on the first day of the fourth quarter which saw the Dow Jones falling by over 230 points.

PayPal and eBay Split Up; Both Companies Will Get New CEOs

eBay and PayPal end 12-year partnership PayPal is shedding eBay and the two companies will no longer be connected after eBay's board decided to execute the split, which will occur sometime in late 2015.

Hispanic Millennials are Not Acculturating, 'They're Shaping the Broader Culture, They're at the Center of Your Brand'

President and CEO of marketing firm Pinta, Mike Valdes-Fauli, believes that brand loyalty can be won within the Hispanic millennial market, just as soon as advertisers and marketers understand that "brand value matters."

Venezuela vs. Clorox: Cleaning Company Embroiled in Fight with Nation Over 'Economic War'

Venezuela fights Clorox over abandoning two facilities The Clorox Company announced it will abandon two of its factories in Venezuela because price controls in the country are too strict, but the country's president wants to take over the abandoned buildings.

Hispanic Heritage Month 2014: NFL Exec Marissa Fernandez Helps League Expand Fanbase

Marissa Fernandez is one of the many people helping the National Football League (NFL) expand the sport's fanbase as more Hispanics continue to be drawn to "futbal Americano."

Minimum Wage Increase New York 2014: Mayor Bill de Blasio Executive Order Raises Pay to $13.13 for Thousands of Workers

Fast food workers have been campaigning vigorously throughout the U.S. for wage increases. And it seems that lawmakers are listening, as legislation is being considered in several cities and states while Congressional action on the federal minimum wage remains stuck in debate.

Puerto Rico Aims to Lure Spain, Latin America Investors and Businesses With Its Proximity to the US

Puerto Rico is hoping to attract investors by reaching out to Spanish and Latin American companies hoping to get a stake in the United States market.

If Analysts Don't Ask Questions, Expect Stock Declines: Study

Earnings conference calls that inspire little more than silence are not a great sign for the company's shares in the days that follow, according to a study released on Wednesday.

JPMorgan to Face U.S. Class Action in $10 Billion MBS Case

A federal judge on Tuesday said JPMorgan Chase & Co must face a class action lawsuit by investors who claimed the largest U.S. bank misled them about the safety of $10 billion of mortgage-backed securities it sold before the financial crisis.

American Apparel Board Open to Letting Charney Stay: Bloomberg

American Apparel Inc's board is increasingly open to letting its ousted founder, Dov Charney, stay at the company, Bloomberg reported, citing people familiar with the matter.

Mercer Cuts Ratings on Pimco Funds, More Outflows Could Follow

Influential pension consultant Mercer Investment Management has downgraded its ratings on five Pimco funds, possibly triggering another wave of institutional investor outflows from the Newport Beach, California, bond fund manager.
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