Lumber Liquidators Holdings Inc. say Their Products are Safe for Use, Stocks of the Company Drop 25%

Lumber Liquidators Holdings Inc. say Their Products are Safe for Use, Stocks of

A TV show broadcasted on Sunday evening had accused Lumber Liquidators Holdings Inc. of selling flooring material that consist a higher level of formaldehyde than permitted by the California regulations. These reports had an adverse effect on the company's stocks and send it reeling down by 25 % on Monday.

Online Pollution Documentary Gets Huge Audience in China in Just Two Days

Online Pollution Documentary Gets Huge Audience in China in Just Two Days

A professional new documentary video related to the environmental woes in China and hosted by Chai Jing, has got a huge audience on line in just two days. The documentary was posted online on Saturday and has been viewed by greater than 175 million viewers. The video shows the growing concern that is developing in nation due to pollution and how they are affecting the air, water and soil.

Patrick Harker Named as Plosser’s successor by the Philadelphia Fed

Patrick Harker Named as Plosser’s successor by the Philadelphia Fed

On Monday, the Philadelphia Federal Reserve named its president and the most recent U. S. monetary policymaker. Patrick Harker, who is among its directors and is also the head of the University of Delaware would become the new president of the agency starting from July1. He will be succeeding Charles Plosser who retired on Sunday.

Official manufacturing Index of China Moves Up

Official manufacturing Index of China Moves Up

In February, one of the Chinese official gauges for measuring the growth in the manufacturing sector moved up slightly. However the official data revealed that, it still remained in a contradictory area for the second consecutive month.

The growth in the manufacturing sector of China was greater than thought previously for February

Walmart Wage Hike to Create a Ripple in the Other Industries

Walmart Wage Hike to Create a Ripple in the Other Industries

Recently, Walmart made an announcement regarding the increase in its minimum wage rate for is lowest-level employees. It will be done in two steps, the initial phase will see an increase this spring which will be at least $9 per hour thereafter next year it will be raise to $10.

NXP Semiconductors to buy Smaller Peer Freescale Semiconductor

NXP Semiconductors to buy Smaller Peer Freescale Semiconductor

On Sunday, in an announced NXP Semiconductors NV, agreed to acquire its smaller peer Freescale Semiconductor Ltd.

The deal between the two will make it the leader in that particular sector of industry. The business of the merged companies will lead the market of auto and industrial semiconductors.

Minimum Wage for Tipped Workers Raised in New York

Minimum Wage for Tipped Workers Raised in New York

The minimum wage has been increased for tipped workers by a state wage board. The new rate will come into effect from December 31 and it will now scale from the previous$5 to a new $7.50 per hour.

This alteration in wage rate was announced by Governor Cuomo during a rally with union leaders.

Office Depot and Home Depot Reports Better Than Expected Earnings Results

Office Depot and Home Depot Reports Better Than Expected Earnings Results

On Tuesday, Office Depot reported its earnings information. For the quarter, beating the consensus estimate of the analysts, the company reported $0.07 earnings per share. Reportedly the expected earning was estimated at $0.04 by $0.03.

Attorney General Eric Schneiderman investigating the Selection Process of Casino Licences

Attorney General Eric Schneiderman investigating the Selection Process of Casino

Reportedly Attorney General Eric Schneiderman is investigating a December 17 decision of a state board trough which three upstate casinos were chosen for gaming licenses.

On Monday, the proprietor of Tioga Downs in the Southern Tier Jeff Gural, said that on Friday he has met Schneiderman's investigators in Manhattan.

Barack Obama Calls for Stricter Standards for Brokers Advising on Saving Plans

Barack Obama Calls for Stricter Standards for Brokers Advising on Saving Plans

More and more number of Americans is taking financial advice from brokers to help them find the way through a wide range of options for retirement investments, savings for college and more. Many of the people who cater to these investment advices are not obliged to disclose the likely conflicts of interest and their share of commission for the investments.

Latest News

Lumber Liquidators Holdings Inc. say Their Products are Safe for Use, Stocks of
Online Pollution Documentary Gets Huge Audience in China in Just Two Days
Patrick Harker Named as Plosser’s successor by the Philadelphia Fed
Official manufacturing Index of China Moves Up
Walmart Wage Hike to Create a Ripple in the Other Industries
NXP Semiconductors to buy Smaller Peer Freescale Semiconductor
Minimum Wage for Tipped Workers Raised in New York
Office Depot and Home Depot Reports Better Than Expected Earnings Results
Attorney General Eric Schneiderman investigating the Selection Process of Casino
Barack Obama Calls for Stricter Standards for Brokers Advising on Saving Plans
Chefs of SoDel Concepts Restaurants Turn Girl Scout Cookies into Innovative Dess
Valeant Pharmaceuticals International Inc. to Acquire Salix Pharmaceuticals Ltd
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