Thousands of fast food workers organized protests to demand higher wages after US federal minimum wages were said to be almost always without benefits.
Finance/Venture
US SEC denies rejecting settlement over money fund
The US Securities and Exchange Commission said last Saturday it did not reject a proposed settlement with fund managers at Reserve Management Co. as there was nothing to consider.
Nikkei: Obama to nominate Treasury Secretary Fed chief
Nikkei, a Japanese newspaper, reported last Friday that US President Barack Obama was close to picking ex-Treasury Secretary Lawrence Summers as the new head of the Federal Reserve Board.
China's growth commitment to fuel global economy
Aside from the much talked about Bo Xilai trial, China aimed to turn the country into an innovative consumer driven, high income nation.
Asia’s QE money heads out on a slow-moving train
After the US Federal Reserve announced thw cutting back its bond buying program, investors who had entered Asia last four years ago were set in fears and had started exiting financial markets.
Latest News
Credit Suisse AG is to sell of its German subsidiary according to a German paper. In a report from German weekly WirtschaftsWoche, Credit Suisse is intending to sell the private client's business of its German subsidiary Credit Suisse Deutschland AG.
Despite an European Council legal opinion, the EU maintains that the financial transaction tax issue is a misunderstanding.
Golden Boy Promotions CEO Richard Schaefer said the fight between Mayweather and Alvarez today would be breaking pay-per-view (PPV) records at over 2 million buys.
The Apple iPhone 5C and 5S with its new technology stands to create more business for eBay, Discovery and Intuit.
Boxing enthusiasts gave their predictions for the much-anticipated fight between Floyd Mayweather and Saul Alvarez.
A report from the Government Accountability Office showed improper disability payments were made to Social Security beneficiaries amounting to USD 1.3 billion.
Italian Banca Monte dei Paschi di Siena has raised its capital for the bank's revised bailout plan to EUR2.5 billion or USD3.3 billion.
According to Thomas Jordan, Swiss National Bank Chairman, said there is a lot that needs to be done before banks can avoid harming the general economy.
The Bank Recovery and Resolution Directive for all EU members to recognize the Single Resolution Mechanism would be created after the German elections.
