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Finance

In the two years following the end of the Great Recession , median household income fell almost $2,000 to $50,054 in 2011. But Census officials cautioned against comparing the figures because the bureau has changed its methodology over the years.
  • Sempra $9.5 bln Oncor fine print bears close read

    Sempra $9.5 bln Oncor fine print bears close read

    Finance

    Singer's hedge fund, Elliott Management, which is its biggest creditor and has opposed Berkshire's offer . According to Reuters, the board at Energy Future opted for the Sempra bid after receiving assurances from Sempra officials that its offer for Oncor would received approval from the Public Utility Commission of Texas, as well as a US bankruptcy judge.
  • LTFRB allows Uber to file second appeal

    LTFRB allows Uber to file second appeal

    Finance

    Drivers are free to set their own rates and riders are free to choose their own driver. "Because they are owning up to their mistake", she said. "We're going to do everything we possibly can to show that we respect the authority of the LTFRB", he said.
  • Euro zone Q2 annual growth estimate upgraded

    Euro zone Q2 annual growth estimate upgraded

    Finance

    But the growth rate for the first quarter was revised up to 0.7 percent from 0.6 percent, and the April-June expansion marked a 12th consecutive quarter of growth. The continued upswing will likely bolster Chancellor Angela Merkel ahead of the September 24 vote, with polls giving her conservatives a double-digit lead over their junior coalition partners, the Social Democrats.
  • Sprint is popping after its first positive earnings report in three years

    Sprint is popping after its first positive earnings report in three years

    Finance

    Analysts had expected a loss of a penny a share on $8.11 billion in revenue . Sprint , the nation's fourth largest carrier, has ended the quarter with a profit for the first time in three years . Most of the rumors around a Sprint merger so far have centered around Charter or T-Mobile US Inc . The company claims a total of 53.7 million connections, up from 53.4 million at the same time past year.
  • Euro area GDP expands at 0.6% pace in Q2

    Euro area GDP expands at 0.6% pace in Q2

    Finance

    The euro was steady just above the $1.18 level in forex markets after the data, having hit a fresh 2½-year high of $1.1845 overnight. GDP rose by 2.1% in the second quarter of this year in the euro area compared to the same three months the year before, and 2.2% in the whole of the European Union in the second quarter compared to the same quarter the year before.
  • Lung Cancer Drug Flop Hammers AstraZeneca Shares

    Lung Cancer Drug Flop Hammers AstraZeneca Shares

    Finance

    The medications were pitted against platinum-based standard-of-care, but after much speculation the British-based drugmaker said it had failed to improve PFS when compared to chemo in patients whose tumors express PD-L1 on 25% or more of their cancer cells.
  • Shastri has his way, B.Arun is bowling coach

    Shastri has his way, B.Arun is bowling coach

    Finance

    Ravi Shastri seems to be getting his way with the Board of Control for Cricket in India (BCCI) now awarding an enhanced pay package to the Indian cricket team's coaching staff. India capitulated in the first Test at Galle before bouncing back to win the next two Tests and win the series 2-1. "I don't think there is any added pressure".
  • Amazon Files Meal-Kit Trademark, Blue Apron Stock Falls

    Amazon Files Meal-Kit Trademark, Blue Apron Stock Falls

    Finance

    Amazon filed for the trademark on July 6, according to the U.S. Patent and Trademark Office. This includes fruit salads, vegetable salads and soups. Described in the application as "We do the prep, you be the chef", it doesn't take a genius to put two and two together; Amazon is moving in on Blue Apron's territory.
  • Gymboree closing at Hanes Mall; Greensboro and Mebane shops will remain open

    Gymboree closing at Hanes Mall; Greensboro and Mebane shops will remain open

    Finance

    Gymboree Corp . said store closing sales will begin Tuesday, July 18. No word on the exact date the stores will be closing. Gymboree filed for Chapter 11 Bankruptcy last month. A news release said it will focus its resources on its more than 900 remaining stores "with the greatest potential and improve the profitability of the overall business".
  • Takata air bag inflator ruptures during auto fix, killing man

    Takata air bag inflator ruptures during auto fix, killing man

    Finance

    The automaker says police photos show the inflator exploded and shot out metal fragments. The defective air bags can explode with too much force and spray shrapnel into the vehicle. The company added that it had mailed 12 notices about the recall effort over almost seven years to the owners of the vehicle. The inflators, which were either originally used in the vehicles or used as replacements after a crash, differ from Takata's previous recalls because they contain calcium sulfate, a ...
  • Criminal complaint filed against man who assaulted Delta flight attendant

    Criminal complaint filed against man who assaulted Delta flight attendant

    Finance

    The Boeing 767-300ER, which had taken off at 5:24 p.m. PT, turned back and landed at Sea-Tac airport at 7:09 p.m. PT, flight-tracking website FlightAware shows. Hudek is the son of a Delta airlines employee. Delta Air Lines confirmed the incident in a Monday statement to International Business Times . The Atlanta-based airline said the flight re-departed for Beijing later on Thursday.