Banking culture breeds dishonesty, scientific study finds

A banking culture that implicitly puts financial gain above all else fuels greed and dishonesty and makes bankers more likely to cheat, according to the findings of a scientific study.

Australia's Reserve Bank Keeps Interest Rates On Hold

Asia shares take comfort from U.S. data, yen nurses losses

Asian shares took solace from data showing broad U.S. economic strength even as signs of spreading weakness in China and Europe checked risk appetite, while the yen nursed its losses after sliding to multi-year lows against the dollar and euro overnight.

Halliburton CEO Rings NYSE Opening Bell On Company's 95th Anniversary

U.S. regulator to Chrysler's Marchionne: get act in gear on Jeep recall

U.S. government safety regulators on Thursday told Chrysler Group LLC Chief Executive Sergio Marchionne that the company "have to get their act in gear" to speed up repairs of recalled Jeep SUVs that face a heightened fire risk.

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Jobs & Career News

Sony Targets Stronger Entertainment Revenue Growth To Help Restructuring

Sony Plan 20,000 Job Cuts Worldwide

Sony Corp (6758.T) aims to lift its movie entertainment revenues by more than a third in the next three years, its chief executive said on Tuesday as the loss-making consumer electronics firm tries to counter flagging smartphones sales.

Dollar General May Have To Shut More Than 4,000 Stores: NY Post

Dollar General in Beaver, Pennsylvania

Dollar General Corp (DG.N) may need to divest more than 4,000 stores to win approval from the U.S. Federal Trade Commission for its acquisition of Family Dollar Stores Inc (FDO.N), the New York Post reported, citing two sources close to the situation.

Is Outliving Your Savings a Fate Worse Than Death?

Money

When faced with the prospect of outliving their money, most people might toss and turn at night or obsess about where to slash their budgets.

Dollar Hits Seven-Year High vs. Yen Ahead of Fed Minutes

Japanese Yen

The dollar hit a seven-year high against the yen on Wednesday ahead of minutes from the U.S. Federal Reserve's latest policy meeting, as investors bet on an increasingly divergent outlook for the world's major economies.

King Felipe VI Of Spain Visits General Motors Building in Zaragoza

Arizona is first U.S. state to sue GM over delayed recalls

In the first lawsuit brought by a state against General Motors Co over recalls relating to a defective ignition switch, Arizona has accused the company of putting the public at risk by concealing safety issues and delaying the recalls.

Consumer Spending Drops Two Straight Months For The First Time In 2009

U.S. underlying inflation rising; economy firming broadly

Underlying inflation pressures rose in October, even as falling gasoline prices kept overall U.S. consumer prices in check, bolstering expectations of a mid-2015 interest rate hike from the Federal Reserve.

US Airlines: a Frontier Airlines plane

Norwegian Air CEO rejects criticism of plan for U.S. budget airline

The chief executive of Norwegian Air Shuttle rejected arguments by U.S. airlines and unions that his efforts to build a low-cost, long-haul airline serving the United States would undermine U.S. wages and working standards.

General Motors Extends Recalls By Over 8 Million Vehicles

Cadillac boss envisions $250,000 flagship car - in 2029

Cadillac's new boss believes General Motors' premium brand could eventually sell ultra-luxury cars that retail for a quarter-million dollars by 2029.

Alibaba

Alibaba will sell debut bond on Thursday

Chinese e-commerce giant Alibaba will sell its first-ever bond on Thursday, a jumbo trade expected to be around $8 billion in size that comes just two months after the company's record IPO.

New York Stock Exchange

Asia shares fall as soft China data sours mood, yen slides

Asian stocks mostly fell on Thursday as fresh data signaling a further loss of momentum in China's economyweighed on sentiment, while the yen slid to multi-year lows against the dollar and euro.

National Association Of Realtors Issues Existing Home Sales For March

U.S. housing regulator to unveil mortgage fees framework in 2015

The top U.S. housing finance regulator said on Wednesday his agency would unveil a new framework in early 2015 for how government-controlled Fannie Mae and Freddie Mac will set mortgage guarantee fees.

Target

Target U.S. Same-Store Sales Rise for First Time in Four Quarters

Target Corp (TGT.N), the fourth-largest U.S. retailer, reported a better-than-expected quarterly profit as U.S. same-store increased for the first time in four quarters.

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