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By ANNE D'INNOCENZIO | October 02, 2014 7:37 am
Sears to raise cash through Canadian ops sale

Business News

  • Court takes up hear religious bias case over hijab
    Associated Press | October 02, 2014 7:36 am
    The Supreme Court said Thursday it will consider whether retailer Abercrombie & Fitch discriminated against a Muslim woman who was denied a job because her headscarf conflicted with the company's dress code, which the clothing chain has since changed.
  • German insurer Allianz appoints new CEO
    Associated Press | October 02, 2014 7:13 am
    German insurer Allianz SE says board member Oliver Baete will take over as chief executive in May when current CEO Michael Diekmann steps down after more than a decade in charge.
  • US stocks fluctuate after ECB President comments
    Associated Press | October 02, 2014 7:06 am
    U.S. markets were mostly flat in early trading Thursday, follow a sell-off the day before, as U.S. investors had little reaction to comments from European Central Bank President Mario Draghi, who announced new economic stimulus measures for the continent. European markets fell.
  • 3Q review: Mutual funds take a summer break
    Associated Press | October 02, 2014 6:36 am
    Take a breath.
  • Angry Birds maker Rovio to cut jobs
    Associated Press | October 02, 2014 5:38 am
    Mobile game developer Rovio Entertainment Ltd. says it plans to cut some 16 percent of its workforce amid signs that its Angry Birds game is losing some of its luster.
  • Sears to raise cash through Canadian ops sale
    Associated Press | October 02, 2014 4:42 am
    Sears, sorely in need of cash, Sears is selling most of its stake in its Canadian unit to raise as much as $380 million.
  • ECB buying bundles of loans could spur lending
    Associated Press | October 02, 2014 4:00 am
    called a special purpose vehicle, or SPV, in investment jargon -- then sells bonds to investors. It uses the cash it receives from the loans -- the payments of principal and interest by the borrowers -- to pay off the bonds.
  • Samsung China supplier sues US labor watchdog
    Associated Press | October 02, 2014 2:36 am
    A Chinese supplier of Samsung Electronics Co. filed a lawsuit accusing a New York City-based labor watchdog of spreading false rumors of child labor, but the labor group says it has evidence to back up its report.
  • Germany's Rocket Internet makes bumpy market debut
    Associated Press | October 02, 2014 1:54 am
    Germany's Rocket Internet AG, which specializes in launching e-commerce startups, has made a bumpy market debut -- with its shares falling on their first day of trading in Frankfurt.
  • Firm says phone apps spy on Hong Kong protesters
    Associated Press | October 02, 2014 1:54 am
    The Chinese government might be using smartphone apps to spy on pro-democracy protesters in Hong Kong, a U.S. security firm said.
  • Asian stocks down on recovery, Ebola worries
    Associated Press | October 01, 2014 11:18 pm
    Asian stocks fell Thursday amid worries about the strength of U.S. and European recoveries and the first American case of Ebola.
  • Hong Kong protests hit city's role as finance hub
    Associated Press | October 01, 2014 10:36 pm
    Shops in Hong Kong have closed and the local stock market has plunged but protesters are gambling their agitation for greater democracy will pay off by preserving institutions that made this former British colony a profitable asset to China.
  • Asian stocks down on recovery, Ebola worries
    Associated Press | October 01, 2014 9:20 pm
    Asian stocks fell Thursday amid worries about the strength of U.S. and European recoveries and the first American case of Ebola.
  • Black Press buys Hawaii and Washington newspapers
    Associated Press | October 01, 2014 5:54 pm
    The owner of Hawaii's largest newspaper bought two daily publications on Hawaii's Big Island and several newspapers in Washington state.

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