Business & Finance News

Wall Street rebounds on tech rally and signs of growth

jeudi 30 janvier 2014

U.S. stocks bounced back on Thursday, with the S&P 500 and Nasdaq climbing more than 1%, helped by gains in the tech sector and data showing the U.S. economy grew as expected in the fourth quarter.

via Business News - Yahoo Finance http://ift.tt/1iQHXaS

Emerging markets: Shades of 1997?

There are several factors at work that potentially explain why developments in Turkey, Argentina, India and other emerging markets are effecting major U.S. and European markets.

via Business News - Yahoo Finance http://ift.tt/1cvcBmg

Apple slammed! Why buybacks are for iDiots: Macke

Apple keeps sliding as investors punish a buyback-driven EPS beat. Jeff Macke breaks it down

via Business News - Yahoo Finance http://ift.tt/1b80hnP

Best Buy's Canadian arm to cut 950 jobs

Best Buy Canada will cut about 950 full-time jobs, the electronic retailer said on Thursday, as it restructures its operations in part to support online sales growth. Parent company Best Buy Co said earlier this month holiday sales were disappointing and warned of a bigger-than-expected fall in quarterly operating margins. Best Buy Canada said it will merge its Future Shop and Best Buy sales departments and cut management levels at both brands across the country. The company, which has 265 locations across Canada, said online sales have grown by more than 50 percent in the past year and new services such as in-store pickup have more than doubled.