Roberta Abraham

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Ukraine raises interest rates to 30%

<b>Ukraine's central bank has sharply raised interest rates from 19.5% to 30% in an effort to curb inflation and prop up its beleaguered currency.</b><p>The new benchmark refinancing rate takes effect on Wednesday.<p>It comes as the government in Kiev is seeking a $17.5bn (£11.4bn; €15.6bn) assistance programme …

Economics
Investing

IKEA launches furniture with inbuilt wireless chargers for cellphones, tablets

Lost that charger again for your cellphone or tablet? Hate sorting heaps of wires to charge various devices?<p>Swedish retailer IKEA might just have the answer — furniture with built-in charging spots, including in bedside tables, lamps and desks.<p>The new collection will be available in Europe and …

Buffalo's $1 homes aren't as cheap as they seem

Paying $1 for a house may seem too good to be true -- and, in many cases, it is.<p>In Buffalo, New York, the city is selling vacant properties for a buck to those willing to fix them up and live in them for a few years.<p>Buffalo's Urban Homesteading Program, which has been around for almost four decades …

CNN

Top CEOs have best sales expectations in three years, survey says

Chief executives at the largest U.S. companies are more optimistic about the state of the economy, and their outlook for sales over the next six months is the best in three years, according to a new survey.<p>Expectations for capital spending and hiring also increased, according to the quarterly …

Randall Stephenson

Alibaba Now Offers Payment Protection, Financial Lending To Buyers

Alibaba, China’s biggest online commerce company and the world’s fastest growing e-commerce marketplace, unofficially launched their Trade Assurance Program during ASD Market Week, the largest, most comprehensive trade show of its kind that welcomes over 45K attendees bi-annually. Officially, this …

eCommerce

Best Buy is not the next RadioShack

Best Buy is not RadioShack. It's turnaround is legit.<p>Shares of Best Buy (BBY) were up 2% Tuesday morning after the company reported fourth quarter earnings that topped forecasts and a solid jump in same-store sales.<p>The big sellers during the holidays? Big TVs and smartphones. Best Buy definitely …

Best Buy

McDonald's is going to pay former CEO Don Thompson 3 times as much as his replacement

But McDonald's will pay Thompson $3 million for "consulting services," according to a report by CNBC. His replacement, Steve Easterbrook, will earn a salary of $1.1 million.<p>Thompson retired on March 1 after 25 years with the fast-food chain.<p>He spent much of his tenure trying to revive sales in the …

Fast Casual

Target forecasts fiscal-year profit growth, $2 billion for share buybacks

IT

Sluggish February U.S. car sales blamed on blustery weather

Kelley Blue Book

Citigroup to sell OneMain Financial to Springleaf for $4.25 billion

• 1. To license Fortune articles, excerpts, or headlines for republication in various media (including books, eBooks, film, web, newsletters, …

FCC head defends Internet neutrality rules on the road

NEW YORK (AP) — The head of the Federal Communications Commission is taking the defense of new Internet regulations on the road.<p>Speaking at the Mobile World Congress wireless show in Barcelona, Spain, FCC Chairman Tom Wheeler said Tuesday that "there needs to be a referee" for the Internet.<p>The …

Net Neutrality
Economics

US stocks fall a day after Nasdaq passes 5,000 milestone

BEIJING (AP) — Asian stock markets were mostly lower Wednesday after Wall Street declined and investors looked ahead to U.S. economic data and China's announcement of its annual growth target.<p>KEEPING SCORE: Tokyo's Nikkei 225 lost 0.9 percent to 18,643.71 and Hong Kong's Hang Seng shed 0.4 percent …

Stock Markets

Oculus VR hires Google X exec Mary Lou Jepsen

Facebook-owned Oculus VR has hired<p>GoogleX executive Mary Lou Jepsen to join the virtual reality company, an Oculus spokesman confirmed Tuesday.<p>Jepsen spent the last three years running the Display Division at Google X, a research arm of Google dedicated to making major technological advancements. …

Virtual Reality

Women-led companies perform three times better than the S&P 500

You’ve heard that companies with women executives at the helm tend to perform better than those led by men— and a new study furthers that claim, …

Coke pulls Fanta ad over Nazi controversy

Coca-Cola has pulled a recent ad over controversy related to Nazi Germany, Consumerist reports.<p>The German-language ad was meant to celebrate the 75th …

Casper is making mattress shopping a friendly experience—and it’s paying off

If you’ve ever experienced shopping for a mattress in the US, you’ll empathize with Casper‘s lament.<p>“Buying a mattress is just like buying a used car,” observes Casper co-founder and head of product design, Jeff Chapin. “We’re not interested in the quick sale, we want to change the whole …

Startups

Auto Makers Gear Up to Take On the Challenge From Google and Apple

Industry’s old school moves to introduce technology to rival Silicon-Valley competitors<p>By<p>William Boston and<p>William Boston<p>The Wall Street Journal<p>Biography<p>@berlindiary<p>BerlinDiary<p>william.boston@wsj.com<p>Eric Sylvers<p>GENEVA—For those wondering whether old-school auto makers are up to the threat posed by …

Automotive Industry

Best Buy Profit Beats Views on Higher-Margin TV Sales

Best Buy Co Inc (BBY), the largest U.S. consumer electronics chain, reported a better-than-expected quarterly profit, helped by improved sales of higher-margin products such as large-screen TVs and mobile phones during the holiday shopping season.<p>The company's shares rose 4.6 percent at $40.40 in …

Investing

Stocks: Dow off 100-plus, Nasdaq under 5000

Stocks ended down Tuesday, with the Nasdaq stumbling back below that magical 5000 threshold as investors took profits ahead of economic reports later in the week.<p>The Nasdaq composite ended down 0.6% -- about 20 points below 5000. The benchmark had finally crossed that level at the market close …