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Judge shrinks Madoff trustee $905 million lawsuit versus Florida firm
By Jonathan StempelNEW YORK (Reuters) - A federal bankruptcy judge on Thursday narrowed a $905 million lawsuit filed by the trustee seeking money for Bernard Madoff's victims against executives who ran...
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BIOMETRICS IN THE PAYMENTS INDUSTRY: Why biologically based authentication is...
Passwords and PINs are being rendered irrelevant thanks to rising digital fraud, growing concern about data privacy, and difficulty remembering an endless stream of letters and numbers. That’s been...
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American Airlines just signaled a harsh reality for the US economy (AAL)
American Airlines shares are rising after it reported second-quarter earnings that beat Wall Street's targets.But behind the Wall Street consensus are warning signs — and not just about the airline...
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McDonald's has stopped selling Big Macs in Venezuela
McDonald's has stopped selling Big Macs in Venezuela, according to an Agence France-Presse report earlier this week.The fast-food giant reportedly is no longer able to source the slice of bread that...
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THE MOBILE PAYMENTS REPORT: Market forecasts, consumer trends, and the...
Although the mobile wallet ecosystem is maturing, in-store mobile payments haven't yet taken off. Consumer disinterest, coupled with delays in fully implementing the necessary infrastructure, are...
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This is the No. 1 mistake that traders make
We've all seen or heard of them — the traders who can't take their eyes off the market, who wake up in the middle of the night to check stock prices in Asia, who obsess over every basis point move.And...
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Exclusive: De Beers puts Canadian Snap Lake diamond mine up for sale
TORONTO (Reuters) - Anglo American Plc's De Beers has put its Snap Lake diamond mine in Canada up for sale after suspending operations at the unprofitable mine last December, a spokesman said on...
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Exclusive: Emerson Electric in bid for Pentair's valves business - sources
By Greg Roumeliotis(Reuters) - U.S. factory automation equipment maker Emerson Electric Co has made an offer to acquire pump manufacturer Pentair Plc's troubled valves and controls division, according...
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Understand the payments industry in one hour with this report
The modern smartphone is a remarkable device. A single device that fits in your pocket can do all the tasks that once required cameras, camcorders, GPS devices, watches, alarm clocks, calculators, and...
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Fiat Chrysler recalling 410,000 vehicles
WASHINGTON (Reuters) - Fiat Chrysler Automobiles NV said on Friday it is recalling nearly 410,000 vehicles worldwide because of a defect that can lead to a loss of propulsion.The automaker said it will...
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America's steakhouses are getting girlier
At least at Del Frisco's, one of the country's largest high-end steakhouse chains, Americans are starting to eat less steak and more seafood.This is troubling for the simple fact that seafood does not...
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You can’t understand the Fintech Revolution without this report
We’ve entered the most profound era of change for financial services companies since the 1970s brought us index mutual funds, discount brokers and ATMs.No firm is immune from the coming disruption and...
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Wall Street's stock pickers just got a lifeline
Passive investing is shaking up the money-management world.Exchange-traded funds, which simply track an index, have hoovered up assets over the past decade.The funds, which are low cost, tax efficient,...
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S&P 500 CLOSES AT ALL-TIME HIGH: Here's what you need to know
Stocks closed little changed on a relatively calm summer Friday for the markets, and the S&P 500 inched above its previous closing high once again. The Dow finished the week higher, after breaking...
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Whirlpool's biggest challenge is rapidly changes in global markets: CEO
By Meredith Davis(Reuters) - Whirlpool Corp's biggest challenge in the last year has been managing rapid change and currency volatility in global markets such as turmoil after Britain's vote to leave...
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Goldman Sachs to invest $184 million in Brazil storage company: executive
SAO PAULO (Reuters) - Goldman Sachs Group Inc will invest 600 million reais ($184 million) in Brazilian storage company Metrofit over the next 6 years, betting on a recovery from the harshest recession...
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The new era of payment processing will change everything
The modern smartphone is a remarkable device. A single device that fits in your pocket can do all the tasks that once required cameras, camcorders, GPS devices, watches, alarm clocks, calculators, and...
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Unsecured creditors seek quick end to Sports Authority bankruptcy
By Tom HalsWILMINGTON, Del. (Reuters) - Unsecured creditors of the bankrupt retailer Sports Authority are seeking to convert the case to a quick liquidation, saying in a Friday court filing the company...
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Hershey Trust nears governance settlement with Pennsylvania AG: sources
(Reuters) - The board of the charitable trust that controls Hershey Co is nearing a resolution with the Pennsylvania Attorney General's office that would avoid a legal row in exchange for reforms on...
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Even steakhouses are getting crushed by the oil crash (DFRG)
Even steakhouses are getting hurt by the oil crash.Texas holds some of the richest shale plays in the US, and it has been one of the places most affected by the downturn in crude-oil prices.The Dallas...
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