Sunday, March 29th 2015                                                                             About Us|Contact Us|SEARCH

Category: Economy

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Bank of America tallied 1.1 million card with Apple Pay payment option

Apple Pay has been one of the movers of mobile payment system. Released last year, the system has become a gold standard in cashless payment in the Un...
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Target closing all Canada stores, lay off 17,600 workers

Minneapolis-based retailer Target is closing all of its 133 stores in Canada and laying off 17,600 workers there after racking up $1.6 billion in loss...
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White House lays out rules for Cuba travel, trade

The White House announced Thursday rules easing travel to and trade with Cuba as the Obama administration ends a 50-year-old U.S. policy of isolating ...
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U.S. mortgage applications surge 49 percent

Mortgage applications increased in the year's first full week as buyers raced to secure mortgage rates that have dropped to near 20-month lows.
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U.S. import prices fall 2.5 percent in December

Prices of imported goods coming into the U.S. recorded their biggest fall in six years in December, evidence that falling oil prices are depressing in...
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World Bank lowers estimate for global growth to 3 percent in 2015

The World Bank on Tuesday lowered its outlook for global economic growth, saying a stronger U.S. economy and declining oil prices are not enough to of...
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Moody’s lowers Venezuela’s rating by two notches; outlook stable

Moody's Investors Service cut Venezuela's credit ratings deeper into junk territory, citing substantial increase in the risk of default due to the sig...
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Redbook: U.S. retail sales fall 3.2 percent in early January

Sales of national chain stores dropped 3.2 percent in the first week of January, compared with the same period in December, according to the latest ga...
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AmerisourceBergen to purchase MWI for USD2.5 billion

AmerisourceBergen Corp, the pharmaceutical products distribution company, had recently announced its intention to purchase MWI Veterinary Supply Inc. ...
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Uber to Cut Prices in 48 U.S. States

Great news for those who are avid users of Uber in the U.S., the company announced that they will cut prices in 48 states in the country.