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Seven-and-a-half years on, this is a distressingly fragile recovery

Stock markets in turmoil. Nervous investors seeking out safe havens for their money. Rumours swirling about the vulnerability of some of the world’s biggest banks. February 2016 is starting to smell suspiciously like early September 2008 and the days before the collapse of Lehman Brothers.

To be …


Market turmoil could hold back euro zone inflation: ECB's Coeure

FRANKFURT (Reuters) - Europe's financial market turmoil could delay a rise in inflation even further and banks will need to be fixed with forceful action over time, European Central Bank Executive Board member Benoit Coeure told a German newspaper on Saturday.

The euro area inflation outlook is …

European Union

Chinese Start to Lose Confidence in Their Currency

HONG KONG — As the Chinese economy stumbles, wealthy families are increasingly trying to move large sums of money out of the country, worried that the value of the currency will fall and their savings will be worth less.

To get around the country’s cash controls, individuals are asking friends or …


Tribune Publishing, Digital First Media bid to buy bankrupt O.C. Register

An investor group led by the chief executive of Freedom Communications will not be among the initial bidders for the bankrupt company, in a reversal from a plan first announced in November.

Richard Mirman, chief executive of Freedom, which owns the Orange County Register, said Thursday that his …


Full-Size Trucks, SUVs Dominate at Chicago Auto Show

Nissan had plenty of big news as it rolled into Chicago for the Windy City's annual auto show media preview — big as in the full-size Armada SUV and Titan pickup, both getting complete makeovers for the 2017 model-year.

But Nissan was hardly alone. Everywhere you look at the sprawling McCormick …

Auto Shows

Ikea Accused of Dodging Over €1 Billion in Taxes

The report also claims that Ikea has avoided paying taxes on 84% of €14.3 billion

Ikea is once again under the microscope for corporation tax avoidance, in a time when U.S. multinationals Alphabet, Amazon, and Apple are also feeling the heat in Europe.

The Swedish furniture company has been accused …


Carrier workers' rage over move to Mexico caught on video

New York (CNN) — Workers at the Carrier manufacturing plant in Indianapolis were caught on video booing and jeering after being told that the plant would be relocated to Monterrey, Mexico.

A YouTube video showed Chris Nelson, the company's president, delivering the news on Wednesday. The plant …


'PJ Masks' Toys, Playsets And Outfits

Just Play draw back curtain on PJ Masks toys, playsets and outfits at New York Toy Fair 2016.

PJ Masks is a Disney Junior and Disney Channel cartoon created by Entertainment One, Frog Box, and TeamTO. It first aired on September 18 and it based on the Les Pyjamasques book series from French author …

Walt Disney Company

Hong Kong hosts Valentine's Day with 25,000 LED roses

HONG KONG (AP) — It's like a romantic scene out of one of South Korea's sappy soap dramas — tens of thousands of illuminated roses forming an impressive backdrop for the lead actor and actress to declare their love for each other.

The Light Rose Garden, a public art installation featuring a sea of …

Hong Kong

Train trestle fire near New Orleans doused, Amtrak route from Chicago cut

Firefighters Saturday used helicopters and airboats to douse a blaze on a train trestle west of New Orleans, but some Amtrak and freight service remain disrupted.

St. Charles Parish spokesman Tristin Babin said Saturday evening that the fire had been extinguished following an all-day effort. He said …

New Orleans

Hasbro thinks the world needs three more “Transformers” movies

If we’ve learned anything from the Transformers movies, it’s that those extraterrestrial robots can really take a beating. Off the screen, the sci-fi film franchise have been savaged by critics, but keeps coming back for more.

Hasbro, America’s second-largest toy maker, announced that there will be …


Caught Between Costly Alternatives, Ferguson Residents Worry About Its Fate

FERGUSON, Mo. — When the City Council took the defiant gamble last week of challenging parts of an agreement it had negotiated with the federal government to overhaul its Police Department and courts, it argued that the costs of the deal would drive the city into bankruptcy.

But now the Department …


Is Theranos Too Good To Be True?

This is a guest post by the daughter of Steve Denning, Stephanie Denning, who writes about leadership issues from a Millennial perspective. The views expressed here are her own.

Elizabeth Holmes, founder of Theranos, the company valued at approximately $9 billion, with celebrities like Henry …

Medical Journals

The world's best bakers - and they aren't French

If you want a fresh crusty baguette, Paris would be the obvious place to shop - but the winners of the world's premier baking competition, which was held last week, come from a country usually associated more with fermented cabbage than bread.

It is now official. The best baguettes in the world are …


This is your not so gentle reminder why you should own bonds

You may have noticed that your investment portfolio has been bouncing all around lately.

Depending on what you own, “bouncing” may be putting it mildly. If you own only stocks, the “bounce” may feel more like a “thud”.

According to Bloomberg data, theS&P 500 Index – which is the leading indicator of …


Going Against the Flow: Sabrina Parsons, CEO of Palo Alto Software

Sabrina Parsons is the CEO of Palo Alto Software. Her team develops software and tools like LivePlan for entrepreneurs and small-business owners. Sabrina blogs at and Forbes Women, where she writes about running a business while balancing her business life with her husband and three …


A Monthly Gift That Keeps on Not Giving

The Haggler does not go camping, nor does he hike. He should probably claim that he is too busy protecting consumers to engage in an activity as frivolous as tromping through the woods and gaping at trees. But it is simpler than that. He doesn’t like the woods. He figures that his ancestors spent a …

Better Business Bureau

1 Dividend ETF To Buy And 3 To Avoid

Slowly but surely, investors are once again prioritizing dividends.

After suffering a full-on panic attack over the Fed’s interest rate hike last year—and ditching high-yielding investments like real estate investment trusts (REITs) in the process—they’re having a change of heart.

You can see it in …


This Company Delivers Gasoline to Your Car on Demand


'Fight for $15' protesters at Republican debate: 'We can't afford essentials.'

New York (CNN) — Fast food and other low-paid workers are planning to protest outside Saturday's Republican presidential debate in Greenville, South Carolina.

The protesters at the "Fight for $15" rally will be demanding a $15 an hour minimum wage and the right to unionize.

At 1pm the protest will …

Minimum Wage

Company accused of preying on student loan borrowers files for bankruptcy

Student loan borrowers now may have one less company trying to sell them help with their loans.

Student loan borrowers now may have one less company trying to sell them help with their loans.

Regulators and state law-enforcement officials have been eyeing companies claiming to offer borrowers help …


Apple About To Make A Push Into India

Counterpoint Research estimates that 100 million smartphones were shipped in India last year and that the install base grew to 220 million units, larger than the number in use in the US. While the vast majority of the smartphones in India use older technology and were sold at much lower price …


Data Sheet—Saturday, February 13, 2016

Big Blue’s red team

Last fall I visited IBM’s security group at the company’s offices in New York. A few members of the team had brought me in to show off some “dark web” destinations, hidden websites accessible only via a special browser (called Tor). On the screen before us: weapons, drugs, …


Chicago Heights hospital closure shines light on changes to regulation

On Tuesday, south suburban residents had a chance to face the state health planning board about a proposal to close a hospital in Chicago Heights. The hearing lasted more than four hours, as several people spoke out in opposition to the plan.

Their pleas, though, will have no bearing on the board's …


Britain Aims to Strengthen North’s Cities

LIVERPOOL, England — London churns out so much wealth that its annual economic output is equal to Saudi Arabia’s. No other city in Britain comes close.

It has eight times the population of the country’s second-largest city, Birmingham, and 18 times that of Liverpool, which once flourished as the …

Finance (UK)

Three Developments Heighten Cautionary Outlook For Stocks

Instead, three negative developments have hit the stock market and undermined the potential for a positive turn: Earnings report sell-offs, all-time-high growth stock declines and the return of Fed uncertainty. Yes, oil and China remain concerns, but they were already known and widely discussed …


Dijsselbloem rejects calls for looser banking rules

AMSTERDAM (Reuters) - Eurogroup chairman Jeroen Dijsselbloem rejected calls for banking union regulations to be loosened after weeks of falling bank shares, saying new European bail-in rules had caused investors to look "more critically" at risks born by banks.

Speaking on Dutch radio on Saturday, …


Delta Air Lines is giving its employees a $1.5 billion reward

Delta Air Lines announced on Friday that its 80,000 employees will receive $1.5 billion in profit-sharing.

According to the airline, this is the largest amount ever paid out in the history of profit-sharing programs.

For Delta's employees, individuals will receive the equivalent of 21% of their …

Delta Air Lines

Starbucks CEO Howard Schultz blasts 'bombastic' American politics

New York (CNN) — Starbucks chief executive Howard Schultz is on a mission to urge more Americans to vote.

He thinks higher voter turnout will help a political process he described as a "circus" and "bombastic" in a video Starbucks released Friday of a recent company meeting.

"There should be a level …


Banks Stocks Will Rebound When Interest Rate Expectations Increase

What’s down with banks? Stock prices for the industry have fallen much more than the overall stock market index. The KBW bank index has dropped about 20 percent (as this is being written) from the end of last year, though the S&P 500 is only down nine percent. Banks have been hit worse because of …


UK unemployment on course to fall to fresh ten year low

Britain's job-rich recovery expected to continue in coming months, though wage growth forecast to remain weak

UK unemployment fell to a fresh 10-year low at the end of last year, official figures will show this week.

The jobless rate is expected to have dropped to 5pc in the final quarter of 2015, …

UK News

Europe’s new laws could cost you 4% of your revenues

What’s 4% of your company’s global annual revenues? Are you prepared to pay this amount in fines?

This is what you might face if you’re not paying attention to new data privacy developments in Europe, as penalties for mishandling European citizen data apply to all companies, not just those …

Data Protection

People who don't spend 5 hours a week online learning will make themselves obsolete, says AT&T CEO

Adapt, or else, is apparently the new marching orders for employees of AT&T.

Faced with competition from not just from Verizon and Sprint, but also Google and Amazon, the telecommunications giant is working aggressively to make sure its employees catch up and get ahead of the changing technology of …


UK banks expected to pay out £5bn in bonuses

Britain’s biggest banks are preparing to hand out an estimated £5bn in bonuses even as they cut thousands of jobs and endure dramatic falls in their stock market value.

With investors taking fright at the prospects for the banking industry, major high street lenders are finalising the bonus pools …

Finance (UK)

This Is the Only Fortune 500 Stock at an All-Time High

It could be another bear market sign.

When the stock market rises, investors often pay special attention to one thing that can indicate whether the upswing will continue into a healthy bull market, or if it’s just a nice blip on a longer slide down. That indicator is called market breadth, and …


Economists slash growth forecasts in meeting with Morneau

Canada’s top private-sector economists warned Finance Minister Bill Morneau about the country’s fading economy at a key prebudget consultation Friday, but there was considerable disagreement over what the new Liberal government should do about it.

At a closed-door gathering Friday in Toronto, …


New Zealand beach crowdfunding bid hits target

A crowdfunding campaign to raise funds to buy a New Zealand beach for public use has hit its target - but the bidders must wait to see if their tender is successful.

Campaigners had until Tuesday to raise NZ$2m (£914,000, $1.3m) and place a bid on the currently private beach.

The stretch of land in …

New Zealand