Today's Billion-Dollar Start-Ups Should Be Thanking the Fed
The list of start-ups valued at over $1 billion just keeps getting longer, and not just due to the potential of their cool tech. They're also getting a big boost from the Fed.
thomson reuters
Year-End Tips to Trim Your 2012 Tax Tab
Year-end tax planning is trickier this time around: Unless Congress compromises, all the Bush tax cuts will expire when 2013 arrives, and many popular tax breaks that expired at the end of 2011 may not get revived. Here's how you can lower what you owe the IRS, regardless of what happens in Washington next month.
Economic Impact From Hurricane Sandy Won't Derail Economy
Airlines have canceled thousands of flights, stranding travelers around the globe. Insurers are bracing for possible damages of $5 billion. Retailers face shrunken sales.
Hurricane Sandy Leads Companies to Postpone Earnings Reports
A number of major U.S. companies postponed quarterly earnings reports Monday as Hurricane Sandy bore down on the East Coast and financial markets were closed: Among the biggies waiting until the rain stops: Pfizer, Thomson Reuters, NRG Energy, and Martha Stewart Living Omnimedia.
Retailers Report Slower Sales Growth in Sept
Americans slowed down their spending in September as they took a pause after wrapping up their back-to-school buying, according to monthly reports from major retailers released Thursday.
Verizon Revenue Rises, Customer Growth Beats Expectations
Verizon Communications posted an increase in quarterly revenue on Thursday and said it had added more new subscribers than Wall Street had expected.
Why Avon Will Never Be Great Again
Investors are starting to realize that when it's Avon calling, they probably shouldn't answer. The cosmetics company is unlikely to escape its steady decline, despite the unblushing optimism of Wall Street analysts.
AIG vs. Bank of America: Banks Vie for 2012 Comeback King Title
AIG is on its way to eclipsing Bank of America as the turnaround story of 2012 as it prepares to report earnings after Thursday's close. Analyst bullishness and a New York Fed asset sale have shareholders pumped.
U.S. Weekend Mall Traffic in November Rose From Last Year
U.S. weekend mall traffic so far this month is higher than it was a year ago, suggesting that consumers may be improving their finances enough to boost sales for Black Friday and the 2010 holiday season.
Breakingviews Scandal Leaves Reuters's Ambitions in Tatters
In a scandal that raises troubling questions about journalistic ethics in the Web era, writers for Breakingviews, a media property owned by Thompson Reuters, failed to disclose that they owned shares in companies they wrote about.
Goldman Sachs Earnings: Expect Lower Profits
Goldman Sachs is expected to report a sharp drop in third-quarter earnings early Tuesday, due to a decline in trading activity in a market that's been light on volume for months. Goldman is forecast to report adjusted earnings of $2.28 a share.
Consumers Lose Some Confidence in October
The Thomson Reuters/University of Michigan survey found that consumer sentiment slipped to 67.9 in October from 68.2 in September, as Americans continued to be reluctant about purchasing decisions amid uncertain income gains.
Did Late Back-to-School Shopping Save Sept. Sales?
The retail recovery may be slowly getting back on track, with major store chains expected to post a mild uptick in September sales numbers. Investors will be watching closely for signs of what to expect for the holiday season.
George Soros: No Doubt About a Slowdown
A widespread push for fiscal discipline is "the right policy at the wrong time," the famed investor said Wednesday.
The Big Money's Ledbetter Lands at Thomson Reuters
James Ledbetter, the founding editor of the recently-shuttered business news website The Big Money, has landed a new gig. Ledbetter is headed to Thomson Reuters, where he'll editor in charge of Reuters.com.
Getting Smarter, Retailers Beat Expectations
Despite heat waves, penny-pinching parents and a weak job market, most retailers posted solid sales in August. They benefited from better inventory control -- giving local stores more say in merchandising -- and well-timed promotions.
CNN Drops AP: Old Media Models Vs. New Journalism
CNN has cut ties with the Associated Press, a wire service that has been a backbone of American news media for more than a century. The move exemplifies how the news industry and its traditional business models are changing in the ever-accelerating information age.
Bear Funds Come Roaring Back as Market Rally Slides
Bear funds, which are pessimistic mutual funds, have delivered the highest total returns since the market rally ended in late April. But make no mistake: They are risky. And some are built around scary doomsday scenarios.
Why Is Wall Street So Cold to Such Hot Earnings?
You'd never know it from recent equity action, but fourth-quarter earnings season has so far been remarkably strong. Apart from when the news is bad, earnings reports have gotten the cold shoulder from investors so far this season.
Thomson Reuters: Our Cafeteria Is Now Safe
Thomson Reuters, which has been under fire from the New York City Department of Health for running the dirtiest corporate cafeteria in the media, has reached out to employees with a memo saying it's cleaned up its act.
Retailers' Holiday Sales Were Just Good Enough
The final numbers are in, and strong online sales, picky late shoppers and targeted discounting helped lift December retail sales above last year's totals -- but it won't be enough to put 2009 in the plus column. January's clearance sales won't be much help either; they will be shorter and more thinly stocked this year.
