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Designer Kate Spade's Life Cut Short, Leaving Millions Behind
Before her death, Spade was building another fashion brand named after her daughter Frances Spade as Frances Valentine. …read more […]
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Business News
S&P rises; technology helps Nasdaq hit intraday record
(Reuters) – The S&P 500 edged slightly higher on Tuesday, on track for its third straight day of gains, while Nasdaq hit an intraday record high with help from the technology and consumer discretionary sectors.
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The Latest: Police say Kate Spade’s death likely a suicide
New York City police have confirmed that they are investigating the apparent suicide of fashion designer Kate Spade. Spade was 55 and had a 13-year-old daughter. Kate Spade’s family says they are devastated by her death. …read more […]
Business News
Expect frank trade talks at G7 summit: Canada official
OTTAWA (Reuters) – The Group of Seven leading industrial nations can expect frank discussions on trade at a summit this week, which U.S. President Donald Trump is expected to attend, a senior Canadian government official said on Tuesday.
Business News
Two Allergan shareholders call for split of chairman-CEO role
(Reuters) – Two of Allergan Plc’s shareholders, hedge funds Appaloosa Management and Senator Investment Group, asked the drugmaker’s board to split the role of chief executive officer and chairman as well as reconsider its acquisition strategy.
Business News
U.S. companies continued stock buyback frenzy in May: report
(Reuters) – U.S. companies continued a shopping spree for their own shares in May, making $173.6 billion in buyback announcements, the highest monthly total ever, according to a research report.
Business News
Microsoft launches program for women returning to work
SAN FRANCISCO (Reuters) – Microsoft Corp is stepping up its hiring of women seeking to rejoin the workforce, following a rash of complaints about sexual harassment and gender discrimination at the world’s largest software company.
Business News
Bank, healthcare stocks pressure S&P; Nasdaq hits record
(Reuters) – Declines in financial and healthcare stocks weighed on the S&P 500 and Dow on Tuesday, while strong gains in tech heavyweights lifted the Nasdaq to a record intra-day high.
Business News
Want to extend the bull market by $6 trillion? Add women
LONDON (Reuters) – The secret to unlocking a further $6 trillion of gains in global stocks and adding another ten years to this bull run? Forget tax cuts and share buybacks, women are key, according to research by S&P Global.
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Kate Spade reportedly didn't profit from sale of her company to Coach
FBN’s Neil Cavuto on the death of designer Kate Spade and reports she wasn’t receiving any money from Coach’s $2.4 billion acquisition of the Kate Spade brand. …read more […]
Business News
Twitter shares jump 5 percent as they win new follower: The S&P 500
NEW YORK (Reuters) – Consider it the ultimate “like” for a stock: Twitter Inc is joining the benchmark S&P 500 U.S. index, pushing the social media company’s stock price up 5 percent on Tuesday as demand surged from equities investors.
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Immigration agents arrest 114 in sting at Ohio landscaper
U.S. immigration agents made more than 100 arrests Tuesday at a gardening and landscaping company, aided by about 200 law enforcement workers in one of the largest employer stings in recent years. U.S. Immigration and Customs Enforcement said it expected criminal charges including identity theft and tax evasion. No criminal charges have been filed against Corso’s, but the employer is under investigation, authorities said. …read more […]
Business News
U.S. services sector activity picks up; job openings at record high
WASHINGTON (Reuters) – U.S. services sector activity accelerated in May, pointing to robust economic growth in the second quarter, but trade tariffs and a shortage of workers posed a threat to the outlook.
Business News
Tech propels Nasdaq to record; bank, health stocks weigh on S&P
(Reuters) – Strong gains in tech heavyweights lifted the Nasdaq to a record intra-day high on Tuesday, while declines in financial and healthcare stocks weighed on the S&P 500 and Dow.
Business News
Ex-State Street executive cheated clients with secret fees: U.S. prosecutor
BOSTON (Reuters) – A former State Street Corp executive directed a fraudulent scheme to overcharge several of the bank’s clients, including Kuwait’s sovereign wealth fund, by applying secret commissions to billions of dollars’ worth of trades, a U.S. prosecutor told jurors on Tuesday.