LA private-equity firm to buy Lucky Brand Jeans for $225 million Los Angeles Times Lucky Brand Jeans is coming home again. Los Angeles private-equity firm Leonard Green & Partners has agreed to pay $225 million to acquire Lucky from New York fashion company Fifth & Pacific Cos. The acquisition means that Lucky, founded in Vernon ... | |
Deal Includes $12 Billion in Pension Changes Wall Street Journal New civilian employees hired after Jan. 1 would have to pay more toward their federal pensions, under a two-year budget deal announced Tuesday that also would trim benefits for some military retirees. Those limited changes are still likely to generate ... | |
GM executive to be 1st woman to head major car co. Houston Chronicle DETROIT (AP) — Mary Barra has spent the past three years as General Motors' product chief, making cars that drive better, last longer and look good in showrooms. Now she will take on an even bigger job. On Tuesday, the board tapped the 33-year company ... | |
JPMorgan Said to Have No Plans for Currency Challenging Bitcoin Businessweek JPMorgan Chase & Co. (JPM:US) has no plans to introduce a competing product to Bitcoin, the digital money created as an alternative to currencies controlled by nations and banks, according to a person familiar with the matter. JPMorgan, the biggest U.S. ... | |
China retail sales beat expectations, factory output firm CNBC.com CNBC's Chloe Cho breaks down Tuesday's data deluge from China and explains what it means for the mainland's economic recovery. A recovery in China, the world's second largest economy, is intact heading into the end of the year, data released on ... | |
DiGiorno, supplier drop dairy farm over abuse Washington Post MILWAUKEE — Top-selling frozen pizza brand DiGiorno and its cheese supplier are cutting ties with a Wisconsin dairy farm after an animal rights group released video showing workers beating, kicking, stabbing and whipping sick and injured cows. | |
Rising Job Openings Show US Companies Poised to Hire Businessweek Job openings in the U.S. climbed in October to the highest level in more than five years, showing employers were looking beyond the budget impasse in Washington amid growing confidence in the economic expansion. The number of positions waiting to be ... | |
MasterCard Increases Dividend 83%, Announces 10-for-1 Split Bloomberg MasterCard Inc. (MA), the second-biggest bank-card network, said its board approved an 83 percent dividend increase and a 10-for-1 stock split. MasterCard, which raised its quarterly dividend to $1.10 a share, also authorized repurchasing as much as $3.5 ... | |
Consumer bureau hits medical financing company CareCredit with $34.1 million ... Washington Post Patients who signed up for a credit card to pay for braces or eye surgery through CareCredit, an arm of General Electric, were given no warning of the high fees tied to the loans and racked up thousands of dollars in debt as a result, the Consumer Financial ... | |
Office Depot picks Florida over Illinois for new headquarters Chicago Tribune Office Depot said Tuesday it has chosen Boca Raton, Fla. for its new headquarters over Naperville. Office Depot completed its merger with Naperville-based OfficeMax last month, but the pair hadn't yet announced where the combined company would be ... | |
California among states vying for Boeing jet plant Houston Chronicle LONG BEACH, Calif. (AP) — California is one of at least a half-dozen states vying for Boeing's attention as the aircraft giant selects a production site for its new 400-seat 777X jetliner. A deal to bring the facility to California could create thousands of jobs and ... | |
lululemon athletica appoints Laurent Potdevin as chief executive officer MarketWatch VANCOUVER, British Columbia, Dec 10, 2013 (BUSINESS WIRE) -- lululemon athletica inc. [NASDAQ:LULU] today announced that its Board of Directors has appointed Laurent Potdevin as the company's Chief Executive Officer and a member of its Board of ... | |
Euro scales heights, stocks lose grip on gains Reuters LONDON (Reuters) - The euro reached a five-year peak against the yen and a six-week high against the dollar on Tuesday, as focus grew on the dwindling spare cash in euro zone banks and the ECB's apparent lack of concern. Stocks consolidated some of ... | |
Regional Fed president hints at early taper USA TODAY James Bullard, president of the Federal Reserve Bank of St. Louis, opened up the possibility of a small reduction in the Fed's bond-buying program, another sign the central bank may soon shrink its 15-month-old monetary stimulus. Speaking at the CFA ... | |
SL Green Expects New Midtown New York Rezoning Plan in Next Year Bloomberg SL Green Realty Corp. (SLG), New York's largest office landlord, expects there to be a new plan in place for rezoning the east side of midtown Manhattan in the next year, President Andrew Mathias said. Mayor-elect Bill de Blasio's administration has told SL ... | |
US hearing to probe autopilot reliance in Asiana crash Reuters WASHINGTON Dec 10 (Reuters) - U.S. safety investigators are looking closely at whether an over-reliance on autopilot systems in modern aircraft has degraded human flying skills, increasing the risk of accidents. At a two-day hearing that starts on Tuesday, ... | |
For Bitcoin, Square Peg Meets Round Hole Under the Law New York Times The advent of a new medium to conduct business inevitably means avenues for criminals to swoop in to take advantage. The development of Bitcoin, the virtual currency that is not issued by any government, presents challenges for the authorities to use laws ... | |
Carney looks beyond rates to steer UK upturn Financial Times Mark Carney said on Monday that he favours initially using tools other than interest rates to help control the UK's economic recovery and to prevent the housing market rapidly moving from "stall speed to warp speed". In a dovish speech, the governor of the ... | |
Madoff Victims Recount the Long Road Back Wall Street Journal Some called him "Uncle Bernie," others barely knew his name. But collectively, Bernard L. Madoff's thousands of victims world-wide saw billions of dollars in savings—retirement money, college funds; in many cases the rewards of a life's work—vanish on the ... | |
RPT-Fitch Affirms China's 5 State Banks at 'A'; Outlook Stable Reuters Dec 9 (Reuters) - (The following statement was released by the rating agency). Fitch Ratings has affirmed the Long-Term Foreign-Currency Issuer Default Ratings (IDRs) of China's five state-owned commercial banks at 'A' with Stable Outlooks. | |
Asian stocks edge higher, euro scales heights Reuters India TOKYO (Reuters) - Stocks mostly edged up in Asian trade on Tuesday, while tighter money market conditions in the euro zone helped the euro climb to a five-year peak against the yen and a six-week high against the dollar. MSCI's broadest index of ... | |
US STOCKS-Wall St set for slightly higher open; Fed speakers on tap Reuters ... Stocks. * Fed speakers include Lacker and Bullard. * Slower China inflation reduces worries of tighter policy. * McDonald's November restaurant sales miss estimates. * Futures: S&P up 3.2 pts; Dow up 9 pts; Nasdaq up 11.25 pts. By Angela Moon. | |
US STOCKS-Futures little changed; Fed speakers in focus Reuters ... Stocks. * Fed speakers including Lacker and Bullard. * Slower China inflation reduces worries of tighter policy. * McDonald's November restaurant sales miss estimates. * Futures: S&P up 1.9 pts; Dow up 7 pts; Nasdaq up 5.25 pts. By Angela Moon. | |
Smith & Wesson Can Still Defy the Odds Wall Street Journal America's largest gun maker will get some extra attention this week. Four days after it unveils fiscal second-quarter results on Tuesday, the nation will mark the anniversary of last December's school massacre in Newtown, Conn. The shooting's effect on Smith ... | |
Pension Crisis Endangers Chicago's Future ABC News It's not the vision of a world-class city that Chicago Mayor Rahm Emanuel typically likes to portray. More teachers losing their jobs, thousands fewer police and firefighters on duty, less frequent trash collection and miles of potholed roads going unrepaired ... | |
Costs Still Keep 30% of Americans From Getting Treatment Gallup.com WASHINGTON, D.C. -- As the Affordable Care Act's deadline for getting health insurance approaches, 30% of U.S. adults still say that they, or a family member, have put off medical treatment in the past year because of the cost. This figure has been stable ... | |
Asian Stock Markets Muted as China Data Awaited ABC News Asian stock markets were muted Tuesday amid some profit taking and ahead of Chinese data on industrial production and retail sales. Japan's Nikkei 225 fell 0.4 percent to 15,592.67. Hong Kong's Hang Seng was down 0.1 percent to 23,790.16 while China's ... | |
In Rare Trip, Cuomo Does Washington Wall Street Journal WASHINGTON—Never mind the black-tie soiree at the John F. Kennedy Center for the Performing Arts, the fundraiser at a top lobbying firm costing up to $25,000 a ticket or the closed-door strategy session with some of the biggest names in gubernatorial ... | |
Icahn Enterprises Seeking Cash, Selling 2 Million Shares Forbes Shares of Icahn Enterprises LP are falling in after-market trading Monday evening on the news that activist investor Carl Icahn and his company wants more cash and are selling shares in order to get it. In a statement released Monday evening, Icahn said it is ... | |
How the Dow Jones Industrial Average Did on Monday ABC News The Dow Jones industrial average edged higher on Monday as the stock market extended its rally from Friday, when the government reported strong hiring for last month. The Standard & Poor's 500 index eked out another record close after a big acquisition in ... | |
Europeans open marathon talks on bank rescues La Crosse Tribune Finance ministers of the European Union on Tuesday held marathon talks on how to create a central agency that can rescue banks without using taxpayer money. One major hitch holding up agreement has been how to finance a fund for banks that are in ... | |
Why the timing is right for a budget deal Politico John Boehner and Barack Obama failed. Harry Reid, Boehner and Mitch McConnell didn't fare much better. Eric Cantor and Joe Biden barely got started. But with the year winding to a close, Sen. Patty Murray (D-Wash.) and Rep. Paul Ryan (R-Wis.) ... | |
A Tale of Two Home Builders Barron's Toll Brothers and Hovnanian Enterprises will both report fourth-quarter earnings per share this week, on Tuesday and Thursday, respectively. We maintain our Buy rating on Toll Brothers (ticker: TOL) and Neutral rating on Hovnanian (HOV), as well as our ... | |
Do Fed Policymakers Want To See 5% Inflation Rate? Investor's Business Daily With inflation continuing to cool, the Federal Reserve wants to see faster price gains. But the central bank may quietly favor a big inflation spike to rev up the economy. Inflation has fallen to a four-year low of 1%, with core inflation just 1.7%, according to the ... | |
Finnish Industrial Output Falls For 12th Month, New Orders Drop Further RTT News Finland's industrial production decreased for the twelfth successive month in October, and at a faster pace than in September, preliminary data released by Statistics Finland revealed Tuesday. Industrial production fell a working-day adjusted 3.4 percent ... | |
Barclays Reiterates "$500.00" Price Target for AutoZone (AZO) North Fork Vue AutoZone Inc. logo Stock analysts at Barclays set a $500.00 price target on shares of AutoZone (NYSE:AZO) stock in a report issued on Thursday, American Banking News reports. The firm currently has a an "overweight" rating on the stock. Barclays' price ... | |
More Freezing Temperatures Will Likely Damage Calif. Oranges CBS Local EXETER, Calif. (AP) — California citrus growers say six nights of freezing temperatures will likely damage this year's orange crop but no disruption is expected to supplies. California Citrus Mutual said Monday that damage to mandarin and navel oranges is ... | |
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