Business

Business

Treasuries gain with European bonds as ECB said to be cautious

(c) 2017, Bloomberg. Treasuries rose, erasing most of Tuesday’s corporate supply-induced declines, as euro-zone government bonds rallied on a report that European Central Bank policy makers are wary of altering their dovish message before June. Yields were lower by three to four basis points at...


Business

US stock indexes close mostly higher; oil up

Financial Markets Wall Street

U.S. stock indexes closed mostly higher Wednesday after a sharp increase in crude oil prices helped drive market-leading gains for energy companies. Banks and other financial stocks declined the most as bond yields headed lower, which translates into lower interest rates on loans and lower profits...


Business

Hands-on with Samsung Galaxy S8 and S8 Plus: Strong first impressions

(c) 2017, The Washington Post. Samsung’s new Galaxy S8 (and its bigger sibling, the Galaxy S8 Plus) are designed to reintroduce the public to Samsung as the company tries to put the fiery death of the Galaxy Note 7 behind it. And, as first impressions go, this is a doozy. If Samsung is trying to...


World

The Latest: May says EU's bill for Brexit hasn't come due

Britain Brexit

LONDON (AP) — The Latest on Brexit (all times local): 7:15 p.m. British Prime Minister Theresa May says Britain has not received a multi-billion dollar exit bill from the European Union. EU officials have said Britain will have to pay as much as 50 billion euros ($63 billion) before it leaves to...


Business

BlackRock replaces people with machines in revamp of stock unit

(c) 2017, Bloomberg. BlackRock Inc., after years of sluggish gains by its traditional stock pickers, is upping its bets on quants. The world’s largest money manager is firing more than 30 people in its active-equities group, including five of its 53 fundamental portfolio managers, according to a...


Business

Tisch kids prosper at loews with two sons making $925,000 each

(c) 2017, Bloomberg. The Tisch family’s next generation of leaders at Loews Corp. has been enjoying pay increases, with the sons of two executives each getting $925,000 last year. That represents a raise of 8.8 percent from 2015 for Alexander and Benjamin Tisch, vice presidents in the corporate...


State

BC-ID--Intermountain Grain & Livestock, ID

POCATELLO, Idaho (AP) — Idaho Farm Bureau Intermountain Grain and Livestock Report Wednesday, March 29, 2017. Bids subject to change. BLACKFOOT __ Friday soft white 3.35, unchanged; hard red winter 3.95, unchanged; DNS 5.20, up 10; hard white 4.05, unchanged; BURLEY __ soft white 3.39, up 1; hard...


Business

Samsung tries to reclaim its reputation with the Galaxy S8

(c) 2017, The Washington Post. NEW YORK - Samsung on Wednesday unveiled its latest premium smartphones, the Galaxy S8 and S8 Plus, which the company hopes will restore its reputation as one of the world’s best smartphone makers. To do that, of course, Samsung must recover from the disastrous recall...


Business

US stocks rise with oil, pound falls on Brexit

(c) 2017, Bloomberg. U.S. stocks advanced as crude rallied on government data that eased concerns that supplies were bulging. Treasuries rose and the dollar slipped as the Trump administration battled to revive its legislative agenda, while the U.K. formally triggered the Brexit process. Energy...


Business

Amazon to shut Quidsi unit, cut 263 jobs in New Jersey

(c) 2017, Bloomberg. Amazon.com is shutting down its Quidsi division, which it acquired for about $545 million in 2011, saying it has been unable to make the owner of Diapers.com and Soap.com websites profitable. More than 260 employees at Quidsi’s Jersey City, New Jersey, headquarters and customer...


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