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U.S. News

Canada luxury shoppers gain U.S. chains’ favour

Canada luxury shoppers gain U.S. chains’ favour

Luxury shoppers in Canada, for years ignored by upscale American chains, are finally getting some respect.

Posted on 8-07-2014 at 5:25 PM

Top Fidelity fund managers frowned on Valeant amid Botox bid

Two of Fidelity Investments' top stockpickers unloaded most of their holdings in Valeant Pharmaceuticals Inc. after the drugmaker in April unveiled its bid for Botox maker Allergan Inc. in...

Posted on 8-06-2014 at 4:38 PM
GM unit gets subpoena over subprime auto loans

GM unit gets subpoena over subprime auto loans

The U.S. government is investigating General Motors Co's auto financing arm over subprime auto loans it made and securitized since 2007, the company disclosed on Monday.

Posted on 8-05-2014 at 7:44 AM

Profit jumps to record $6.4B at Warren Buffett’s Berkshire Hathaway

Warren Buffett’s Berkshire Hathaway Inc. said second-quarter profit rose 41 percent to a record on investments, including a gain tied to the exit of most of his stake in the former...

Posted on 8-02-2014 at 2:44 AM

Allergan sues Valeant, Ackman for alleged insider trading

Allergan Inc (AGN.N), which is fighting a $51 billion hostile takeover bid from Valeant Pharmaceuticals International (VRX.TO) and activist investor William Ackman, on Friday filed a...

Posted on 8-01-2014 at 2:36 PM

Procter & Gamble plans to shed 100 brands to focus on top performers

Procter & Gamble Co., the world’s largest consumer-products company, plans to sell, discontinue or otherwise eliminate as many as 100 brands in the next two years to cut costs and focus...

Posted on 8-01-2014 at 1:05 PM
U.S. consumer spending rises, inflation pressures muted

U.S. consumer spending rises, inflation pressures muted

U.S. consumer spending rose for a fifth straight month in June, but a moderation in price increases suggested the Federal Reserve will not raise interest rates anytime soon.

Posted on 8-01-2014 at 10:12 AM

U.S. job growth cools, unemployment rate rises to 6.2 percent

U.S. job growth slowed more than expected in July and an unexpected rise in the unemployment rate pointed to some slack in the labor market that could give the Federal Reserve room to keep...

Posted on 8-01-2014 at 8:55 AM

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