Yahoo Finance

Syndicate content Yahoo! Finance
Top Stories from Yahoo! Finance
Updated: 3 years 7 weeks ago

McDonald's to hike pay for 90,000 restaurant workers

Thu, 04/02/2015 - 02:55
The move will not apply to workers at franchisee-owned restaurants, which make up 90% of U.S. stores.
Categories: Business

US agency charges Kraft, Mondelez with wheat price rigging

Thu, 04/02/2015 - 02:55
Federal regulators have charged two major U.S. food companies, Kraft and Mondelez, with manipulating prices for wheat and wheat futures in a scheme that reaped more than $5.4 million in profit. The Commodity ...
Categories: Business

Issuing slews of mortgages-without being a bank

Thu, 04/02/2015 - 02:55
Nonbank mortgage lending rose to 37.5 percent of the market during 2014, up from 14 percent in 2011. Who are the players?
Categories: Business

Got a yellow power tie? Why Wall Street is fondly recalling 1986

Thu, 04/02/2015 - 02:55
Market observers are comparing today's economic backdrop to the one 29 years ago, when oil crashed, corporate profits dipped, the Fed tightened -- and stocks did fine.
Categories: Business

GoDaddy's IPO success illustrates new IPO trend

Thu, 04/02/2015 - 02:55
Today it's GoDaddy, next it could be Etsy. What's behind the recent success of IPOs?
Categories: Business

Gross rips 'hostile, artificially priced' market

Thu, 04/02/2015 - 02:55
The landscape ahead will be different now that stimulus from the Federal Reserve and elsewhere is losing its impact, Bill Gross said.
Categories: Business

Wal-Mart seeks assist from its suppliers to lower prices

Thu, 04/02/2015 - 02:55
Wal-Mart is asking suppliers to cut back on advertising spending in its stores as it seeks lower prices on goods that it sells to its own customers. The request comes as the world's largest retailer, based ...
Categories: Business

The Job Market May Be Tighter Than It Looks

Thu, 04/02/2015 - 00:54
The fate of millions of unemployed workers hinges on the answer to that question, as does the timing and pace of the Federal Reserve’s interest rate hikes. We’ll get our next reading on the labor market on Friday, and economists on average expect that the unemployment rate will stay at its current 5.5 percent, down from 10 percent at its recent peak in October 2009. An unemployment rate that falls even further would signify a labor market that has potentially tightened to the point that employers must start offering higher wages to recruit and keep workers, eventually leading to higher prices. In a note to clients today, economists at Deutsche Bank pointed out that another, admittedly narrower measure suggests that the job market is even tighter than the headline unemployment rate indicates.
Categories: Business

McDonald’s to raise hourly pay for 90,000 workers

Wed, 04/01/2015 - 20:55
Restaurant giant will pay at least $1 per hour more than minimum wage.
Categories: Business

GM betting on fuel efficiency despite low oil cost

Wed, 04/01/2015 - 20:54
General Motors is striving to create light but spacious cars with its new Cadillac CT6 and Chevy Malibu, GM's Mark Reuss tells CNBC.
Categories: Business

Factories in U.S. Slogging Through Perfect Storm of Challenges

Wed, 04/01/2015 - 18:54
“We’re getting the impact from slower foreign demand,” said Jim O’Sullivan, chief U.S. economist at High Frequency Economics in Valhalla, New York, who accurately forecast the ISM reading. A stronger dollar that’s made U.S. goods more expensive overseas and a reduction in capital spending tied to the collapse in oil prices have hampered manufacturers, which represent about 12 percent of the economy. As consumers grow more confident and shipping backlogs at West Coast ports are alleviated after the recent work stoppage, there’s a “distinct possibility for an uptick, an upswing in momentum as we go forward,” Bradley Holcomb, chairman of the ISM Manufacturing Business Survey Committee, said on a conference call with reporters.
Categories: Business

Fed's Lockhart sticks with June to September liftoff, despite growth downgrade

Wed, 04/01/2015 - 18:54
Atlanta Federal Reserve bank president Dennis Lockhart said on Wednesday that the United States remains on track for a likely interest rate hike in the June to September period, with a weak first quarter likely to give way to stronger growth. I still believe the factors are transitory," Lockhart told reporters at a monetary policy conference here. Fed policymakers and many analysts cut their U.S. growth projections after a first-quarter slowdown that stemmed in part from the hit U.S. energy companies are taking from low oil prices, and the hit exporters are taking from a strong dollar. Lockhart said he will be paying particular attention to employment indicators in coming weeks.
Categories: Business

What to watch in Wednesday trading

Wed, 04/01/2015 - 16:55
Three things to watch in Wednesday's trade via Yahoo Finance's Michael Santoli.
Categories: Business

Walmart wage hike not enough for critics: 'Company still has a long way to go'

Wed, 04/01/2015 - 16:55
Walmart received a ton of positive attention for announcing it will pay hourly employees a minimum of $9 per hour starting this month and $10 per hour in 2016. But Frank Clemente of Americans for Tax Fairness says the retailer still "has a long way to go."
Categories: Business

Brent could lose $5 instantly on Iran deal

Wed, 04/01/2015 - 16:55
Negotiators may have missed Tuesday's deadline, but they could still reach a deal to lift sanctions on Iranian oil exports today, which would send prices further south, analysts say.
Categories: Business

U.S. targets overseas cyber attackers with new sanctions program

Wed, 04/01/2015 - 15:00
The Obama administration on Wednesday launched the first-ever sanctions program to financially punish individuals and groups outside the United States that are engaged in malicious cyber attacks. U.S. President Barack, in an executive order, declared such activities a "national emergency" and allowed the U.S. Treasury to freeze the assets and bar other financial transactions of entities engaged in cyber attacks. Under the program, first reported by the Washington Post, cyber attackers or those who conduct commercial espionage in cyberspace can be listed on the official sanctions list of specially designated nationals, a deterrent long-sought by the cyber community. The move, which the paper said has been in development for two years, comes after a string of high-profile cyber attacks ranging from corporate hacks targeting Target, Home Depot and other retailers, to an attack on Sony and other data breaches.
Categories: Business

World Bank sees protracted recession in Russia

Wed, 04/01/2015 - 15:00
Russia faces a protracted economic recession as the impact of Western sanctions will linger for many years and oil prices will stay low, the World Bank said on Wednesday.
Categories: Business

Sears to set up REIT to raise $2.5 billion from shareholders

Wed, 04/01/2015 - 15:00
The REIT is the latest in a series of steps Chief Executive Eddie Lampert has taken to shore up the finances of the retailer, which has posted losses for nearly three years. Sears shares rose 9.4 percent to $45.21 in early trading on Wednesday. The REIT, Seritage Growth Properties, will buy and lease back about 254 Sears and Kmart stores, Sears said on Wednesday. The company owned or leased 1,725 Sears and Kmart stores as of Jan. 31.
Categories: Business

Oil rallies as Iran nuclear talks drag on, overshadowing supply concerns

Wed, 04/01/2015 - 15:00
Brent crude oil futures reversed early losses to rally to $55.90 a barrel on Wednesday, as talks over Iran's nuclear programme continued, curbing expectations of an immediate deal that would allow Iranian crude on to the market. The Iran talks overshadowed a sharp rise in crude oil stocks in the United States, where inventories rose by 4.8 million barrels to 471.4 million barrels in the week to March 27, according to the United States Energy Information Agency (EIA). Talks between Iran and six world powers in the Swiss city of Lausanne to settle a dispute around Tehran's nuclear programme extended past a Tuesday deadline into Wednesday. Talks had appeared to get bogged down due to Russian concerns over the use of a "snapback", an automatic reversal of any proposed easing of U.N. Security Council sanctions if Iran fails to comply with the terms of an agreement.
Categories: Business

Ex-Goldman programmer faces second U.S. trial on code theft charges

Wed, 04/01/2015 - 12:55
A former Goldman Sachs Group Inc (GS.N) computer programmer charged with stealing code from the investment bank is scheduled to go on trial on Wednesday, the second time in five years he will be in front of a jury for essentially the same accusations. The trial for Sergey Aleynikov, 45, is scheduled to take place in Manhattan state court over a 2009 episode in which Goldman says he stole the computer code as he prepared to leave for a high-frequency trading startup. Aleynikov went to prison after his first trial, when a jury in federal court convicted him of violating a corporate espionage law. An appeals court threw out the conviction, saying the anti-espionage law did not apply and setting him free after about a year.
Categories: Business