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TJ Maxx follows Walmart in raising US workers' basic pay

Mar 04, 2015 at 10:17 | Source: BBC

The owner of US retailers TJ Maxx and Marshalls will raise the hourly pay of its workers to $9 (£5.80) in June - $1.75 above the country's minimum wage. TJX said it also plans to increase the rate to $10 in 2016. The announcement comes a week a...

European shares at fresh seven-year high as ECB QE nears

Feb 27, 2015 at 23:15 | Source: FirstPost

LONDON (Reuters) - European shares rose to fresh seven-year highs on Friday, extending a two-month rally fuelled by the European Central Bank's money printing programme which starts in the coming weeks. European shares bucked a softer trend in Asian ...

Asian bond ETFs ease investment barriers in hunt for yield

Feb 18, 2015 at 03:30 | Source: FirstPost

HONG KONG (Reuters) - Investors facing zero interest rates in the developed world are turning to Asian debt for higher returns through exchange traded funds (ETFs), driving a nearly 50 percent rise in assets under management last year.At about a tent...

Exotic U.S. blooms flourish amid roses in Cupid's bouquet

Feb 14, 2015 at 06:30 | Source: FirstPost

CHICAGO (Reuters) - Forget spray roses and baby's breath this Valentine's Day. As consumers' tastes in bouquets turn to seasonal, delicate blooms, some of the U.S. floral industry's imports of classic fare have wilted.Nearly 80 percent of all cut flo...

Natco Pharma gains 4.5% after filing ANDA with USFDA

Feb 10, 2015 at 20:20 | Source: FirstPost

New Delhi: Natco Pharma has filed new product applications with the US health regulator for generic version of drugs used in the treatment of nervous system disease and cancer.The company has filed Abbreviated New Drug Applications (ANDAs) for Fingol...

Shopping spree: Spend on commerce technology set to nearly double by 2019

Feb 09, 2015 at 11:50 | Source: FirstPost

By Peter SheldonOver the past four years, the commerce technology market has undergone significant consolidation. Commerce technology is now table stakes for any enterprise software vendor with a focus on systems of engagement. Consequently, Forreste...

US Federal Reserve remains 'patient' on interest rates

Feb 06, 2015 at 20:51 | Source: BBC

The US central bank has reiterated that it will remain patient in determining when to raise interest rates. The Federal Reserve has kept its target interest rate at 0% since late 2008. At the end of its two-day policy meeting in Washington, DC, the b...

Shake Shack is shaking up wages for US fast-food workers

Jan 30, 2015 at 22:41 | Source: BBC

Shake Shack is ready to shake it up. Ever since Danny Meyer opened his take on a hot dog cart in Madison Square Park in New York City in 2004, demand for Shake Shack's all-American food offerings has been insatiable. Among devotees in New York, ...

Sensex hits fresh record high at open, Nifty inches towards 9,000 level

Jan 30, 2015 at 10:36 | Source: FirstPost

Mumbai: The BSE Sensex continued its recordsetting spree and hit a new peak of 29,844.16 and the NSENifty inched towards the 9,000-level in early trade today onrobust fund inflows and sustained optimism over the upcomingBudget.The 30-share index rose...

Amazon sales rise in holiday quarter, shares jump

Jan 30, 2015 at 04:30 | Source: FirstPost

SAN FRANCISCO (Reuters) - Amazon.com Inc reported stronger than expected earnings on Thursday as North American sales surged during the crucial holiday quarter, sending its shares up 9 percent. The online commerce giant, which gets about a third of i...

McDonald's sued for racial discrimination in Virginia

Jan 29, 2015 at 12:27 | Source: BBC

Ten former McDonald's workers have sued it in the Virginia federal court for racial and sexual discrimination. The suit alleges that some employees were fired from one franchise because there were too many black people . It is being backed by a ...

McDonald's boss Don Thompson out after nearly three years

Jan 29, 2015 at 12:27 | Source: BBC

McDonald's boss Don Thompson is stepping down after two and a half years in the job, as the company continues to struggle with a declining customer base in the US. He will be replaced by British-born Steve Easterbrook, the company's current...

Apple posts the biggest quarterly profit in history

Jan 28, 2015 at 12:32 | Source: BBC

US technology giant Apple has reported the biggest quarterly profit ever made by a public company. Apple reported a net profit of $18bn (£11.8bn) in its fiscal first quarter, which tops the $15.9bn made by ExxonMobil in the second quarter of 2012, a...

Yahoo to spin-off Alibaba shares as earnings slide

Jan 28, 2015 at 12:32 | Source: BBC

Yahoo has announced a plan to spin-off its 15% stake in China's Alibaba Group and hand the business to its shareholders. In creating a separate company that is made up of its stake in Alibaba, Yahoo will avoid a large tax bill. Yahoo also report...

Ipca Labs stock tanks 8% on FDA import alert for Ratlam plant

Jan 23, 2015 at 17:16 | Source: FirstPost

Mumbai: Shares of Ipca Laboratories ended with a steep loss of over 8 percent today after the US health regulator issued import alert on drugs produced at its Ratlam facility in Madhya Pradesh. After plunging 8.9 percent to Rs 637 in intra-day trade ...

Taking on Yelp: Zomato plans to raise $80 mn more to expand in US, Australia

Jan 22, 2015 at 11:12 | Source: FirstPost

In order to create a war chest to take on Yelp in the US, Zomato plans to raise $80 million from both existing and new investors, media reports said.The India-based restaurant listing website had earlier this month acquired Urbanspoon for $52 million...

New highs: Sensex crosses 29,000-mark, Nifty hits new peak of 8,754.65

Jan 22, 2015 at 10:15 | Source: FirstPost

Mumbai:Continuing their record-settingspree for the third straight session, the benchmark BSE Sensexcrossed the 29,000-mark for the first time and the NSE Niftyhit a new peak of 8,754.65 in opening trade today on robustfund inflows amidst a firming t...

Toyota gives first forecast for shrinking sales in at least 15 years

Jan 22, 2015 at 00:15 | Source: FirstPost

TOKYO (Reuters) - Toyota Motor Corp projected a drop in vehicle sales for the year ahead, its first such bearish forecast in at least 15 years, as flagging demand in Japan, Indonesia and other key markets raises the chance that Volkswagen will steal ...

Asian shares higher on China's growth data

Jan 20, 2015 at 12:32 | Source: BBC

Asian shares traded higher on Tuesday after China's economic growth in 2014 came in above market expectations. China's economy expanded by 7.4% last year, down from 7.7% in 2013, but above forecasts of about 7.2% growth. Shares across the r...

Asian shares higher ahead of China GDP data

Jan 20, 2015 at 07:12 | Source: BBC

Asian shares traded mostly higher as investors awaited key economic growth figures from China on Tuesday. The fourth quarter gross domestic product figures are expected to show that growth in the world's second largest economy has eased to its s...

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