According to government data released on Thursday, initial jobless claims declined to 265,000 in the seven days ended Jan. 24 from a revised 308,000. The number of people who sought new U.S. unemployment benefits in late January fell to its lowest level in 14 years...
On Wednesday the company announced an email and electronic calendar service called WorkMail that is aimed at grabbing a slice of the corporate-email market largely controlled by Microsoft Corp. and to a lesser extent Google Inc, says the Wall Street Journal...
Germany’s largest bank, Deutsche Bank AG, registered a surprise fourth-quarter net profit as provisions for fines and legal settlements declined...
Saxo Bank has announced to clients that it will be applying a second wave of minimum margin requirements increases starting February 4th. The broker had initiated an initial across-the-board increase of margins which affected many popular forex and CFD products on January 21st...
"Mom and Pop" traders are getting a bailout...
This afternoon Yahoo! reported Q4 revenue was slightly light of expectations, and beat by a penny on the bottom line, Barron's reports. The report said the company would spin-off its interest in Alibaba Group Holding (BABA) as a separate public company...
According to a report released by the Chinese authorities, Alibaba Group Holding Ltd. is now in a “credibility crisis” due to a failure to crack down on shady merchants, counterfeit goods, bribery and misleading promotions using its online malls, Bloomberg reports...
Britain’s economic recovery slowed in the fourth quarter of 2014, however annual growth was the fastest since the financial crisis of 2007. A slowdown to 0.5% from 0.7% in third quarter was disappointing for City analysts, says The Guardian...
Apple sold a record 74.4m iPhones in the three months to the end of 2014, beating analysts’ expectations as sales of its two newest models soared during the Christmas holidays and found new fans in China. The tech company reported a record $74...
On Tuesday German Finance Minister Wolfgang Schaeuble said he did not think member states of the European Union should contribute to the EU's planned 315 billion euro investment fund...
British Petroleum has frozen the pay of its 84,000 staff globally in response to the sharp drop in the oil price, which has more than halved in the past six months...
Chinese telecom device maker ZTE recently revealed that the company achieved operating revenue of CNY81.242 billion in 2014 — a year-on-year increase of 7.99% — and its net profit attributable to shareholders reached a year-on-year increase of 94.17...
Valery Vavilov, the CEO of BitFury has announced that his company is acquiring Allied Control, a top immersion cooling company. He said, “We are very excited about Allied Control and its founders joining our team...
On Sunday leading manufacturer of locomotives and rolling stock in China, China CNR Corporation Limited, announced major contracts worth 3.95 billion U.S dollars (24.26 billion yuan...
On Monday, the euro recovered from 11-year lows and Europe's main share markets also rose - after initial falls - on hopes that a compromise over Greece's bailout terms might be found...
After talks between trade unions and employer groups ended without agreemnet, the French authorities decided they would use legislation to reform rules on worker representation, the country's labour minister Francois Rebsamen said...
Japan's exports grew the most in a year in December, underpinned by a weak local currency and pickup in overseas demand led by the United States, an encouraging sign for the economy hit by recession, though doubts persist about the strength of global consumption...
The euro zone cuurency, U.S. equity-index futures droped on Monday while Treasuries advanced as Greek voters handed victory to a leftwing party that has pledged to renegotiate the terms of an international bailout. Asian stocks declined with crude oil and industrial metals...
Alpari UK got into deep trouble and went into administration. Since the initial news broke, there were various reports of bidders for the troubled broker. The number of parties interested has already reached 5. Some are still active and some probably aren’t...
