NewsBlog

Revenue at the world’s 10 largest investment banks rose 9 percent to $44.9 billion

Revenue at the world’s 10 largest investment banks rose 9 percent to $44.9 billion in the first quarter compared to a year ago, as financial market volatility and central bank stimulus measures boosted profits, a survey showed on Wednesday. Trading in fixed income, currencies and commodities (FICC) divisions, which are […]


U.S. regulators hit five global banks with $5.4 billion in penalties

U.S. regulators hit five global banks with $5.4 billion in penalties Wednesday for trying to rig foreign currency markets in their favor. Citigroup (C), Barclays (BCS), JP Morgan Chase (JPM), and Royal Bank of Scotland (RBSPF)were fined more than $2.5 billion by the U.S. after pleading guilty to conspiring to […]


U.S. consumer prices moderated in April on weak gasoline prices

U.S. consumer prices moderated in April on weak gasoline prices, but rising shelter and medical care costs boosted underlying inflation pressures, which should keep the Federal Reserve on course to raise interest rates later this year. The Labor Department said on Friday its Consumer Price Index gained 0.1 percent last […]


Descending the Cairo Side

Descending the Cairo Side – Author Kit Herring The novel recounts the adventures of Danny White who, seeking to escape the complacent worlds of North American and Western Europe, joins the backpacker culture and travels to North Africa. His ultimate goal is to see the pyramids of Egypt, but during […]


Manufacture in China

Manufacture in China When you think of China, I’m sure one of the first things that come to mind is its extraordinary work force and its ability to turn out great value products. If you want something produced on a large scale for a good price, then a manufacturing unit […]


awful first quarter for the United States

Prospects for a step-change in global economic growth are better than they have been in many years, but much depends on solid evidence that an awful first quarter for the United States is far in the rear-view mirror. With Wall Street’s benchmark stock index near a record high and bond […]


Tail Wags Helmet Covers

Established in 2006, Tail Wags Helmet Covers is a Toronto-based business that designs and manufactures helmet covers of the finest workmanship and quality. We are devoted to encouraging more kids and adults to wear their safety helmets. All Tail Wags helmet covers are proudly handcrafted in Canada. Karyn Climans is […]


U.S. corporate spending on capital projects could fall this year

U.S. corporate spending on capital projects could fall this year to the lowest level since 2011, with steep reductions by the energy industry and companies in other sectors cutting spending amid broad concerns about global growth. Among the S&P sectors, only the materials and financials sectors expect to spend more […]


Verizon’s $4.4 billion acquisition plans for AOL

Verizon’s $4.4 billion acquisition plans for AOL will help the prospective parent company gain additional online advertising tools as well as a stream of fresh and varied content, both of which can help attract more users in the face of growing online advertising competition from Google, Facebook and others.That’s the take […]


U.S. business inventories barely rose in March

U.S. business inventories barely rose in March as sales recorded their biggest gain in eight months, the latest indication that the economy actually contracted in the first quarter. The Commerce Department said on Wednesday business inventories edged up 0.1 percent after a downwardly revised 0.2 percent gain in February. Economists […]