Business

Yellen disillusioned to not get a second time period as Fed chair

Yellen disillusioned to not get a second time period as Fed chair

Powell said he was committed to explaining the Fed's policy moves, a signal likely to be welcomed by conservative lawmakers who have called for the central bank to follow strict formulas in setting interest rates - a requirement Fed officials have opposed.


Bon-Ton files for Chapter 11 bankruptcy

Bon-Ton files for Chapter 11 bankruptcy

Bon-Ton representatives issued a statement which reads in part, "The stores should continue operating as normal, and the court-supervised process will allow it to continue paying employees without interruption". As part of the turnaround efforts, Bon-Ton plans to invest more in private-label brands, refreshing the overall store layout, ditching excess inventory and strengthening its e-Commerce business.


Bitcoin extends slide, tumbling greater than 15 %

Bitcoin extends slide, tumbling greater than 15 %

Go back just one more month to last September, and the digital coin's value was about $4,000 (around £2,900, AU$5,100), so the bubble inflated quickly - and appears to be deflating at even greater speed. Ethereum and Ripple are also being crushed right now, as seen in the following image. Early last week, Facebook banned ads for cryptocurrencies and initial coin offerings, saying such ads are "frequently associated with misleading or deceptive promotional practices".


Chicago Auto Show: Nissan 370Zki Roadster

Chicago Auto Show: Nissan 370Zki Roadster

Most extreme Nissan yet? Turning a stock 370Z Roadster into the snow track-carving 370Zki wasn't an easy job, as you can imagine. Nissan retained the standard brakes, but the brake lines had to be rerouted and the exhaust system was modified to fit under the vehicle.


Ryanair expects

Ryanair expects "localised disruptions" as it recognises pilot unions

Ryanair was still able to boost net income 12 per cent to €106m in the third quarter ending December 31, though Mr O'Leary said he was cautious about the final period of the year, with a chance of localised disruption and "adverse PR" as remaining union deals are finalised.