Business

Carpetright to axe 300 jobs and close stores in restructuring deal

Carpetright to axe 300 jobs and close stores in restructuring deal

The company said the closures were necessary to "restore the viability of the group's business model" as it struggles to survive amid a slowdown in the housing market and a squeeze on consumer spending which has dampened demand for expensive household goods.


Woman tries to trade vehicle for Necco Wafers stock

Woman tries to trade vehicle for Necco Wafers stock

New England Confectionery Co ., based in New England, announced last month that it might shut its plant in Revere, Mass., after 170 years in business. "Necco Wafers are up 63 percent", wholesaler Candystore.com wrote in a post , calling it "The Great Necco Wafer Panic". Necco Wafers are now being sold for more than $30 a box on eBay and, as CandyStore.com reported , somebody even offered their vehicle in exchange for some of the sweets.



Analyst Upside Underscores Impressive Growth for MSCI Inc. (NYSE:MSCI)

Moving averages have the ability to be used as a powerful indicator for technical stock analysis. Why is a company that consistently produces strong results going down? Following the completion of the sale, the director now directly owns 13,242 shares of the company's stock, valued at $1,064,524.38.


Fed Talks Faster Pace Of Rate Hikes, Minutes Show

Fed Talks Faster Pace Of Rate Hikes, Minutes Show

At the March 20-21 meeting, the Federal Open Market Committee voted to raise its benchmark interest rate by 25 basis points to a range of 1.50% to 1.75%, as had been widely expected. Finally, the Fed's rate-setters commented on the expected increase in consumer prices over coming months due to negative so-called "base" effects, as the impact of last year's drop in the cost of cellphone plans dropped out of the year-on-year comparison.


Mick Mulvaney Defends Enforcement Record, or Lack Thereof, at CFPB

Mick Mulvaney Defends Enforcement Record, or Lack Thereof, at CFPB

The penalty would be the first issued by Mick Mulvaney since President Donald Trump appointed him in November to head the Consumer Financial Protection Bureau (CFPB ). The Credit Union National Association, National Association of Federally-Insured Credit Unions and more than 20 other financial trade groups have sent a joint letter to Congress urging lawmakers to enact legislation to change the leadership structure of the Consumer Financial Protection Bureau .



Dow closes 200 lower after Trump taunts Russia

Defense Secretary Mattis, however, indicated that evidence of what happened was still being studied. "According to unofficial sources, the United States deployed several carriers with cruise missiles in the Mediterranean and Red Seas", said Fuad Shahbazov, a security and military expert based in Azerbaijan.