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Latest Business News

Credit Suisse in talks to pay $1.6 billion to resolve U.S. tax probe: source -

The U.S. headquarters of Swiss bank Credit Suisse is seen in New York CityBy Mark Hosenball and Aruna Viswanatha WASHINGTON (Reuters) - Credit Suisse Group AG is in talks with the U.S. Justice Department to pay as much as $1.6 billion to resolve an investigation into the bank's role in helping Americans evade U.S. taxes, a person familiar with the matter said on Monday. Prosecutors have also been pushing for Credit Suisse to plead guilty in connection with the probe, two people with knowledge of the talks said. A spokesman for Credit Suisse declined comment. Credit Suisse has already set aside 895 million Swiss francs ($1.02 billion) to pay potential penalties to the United States in connection with the matter.


4 Essential Tips on How to Grow Your Consulting Business -

4 Essential Tips on How to Grow Your Consulting BusinessFor many successful entrepreneurs, the business that can deliver many lucrative rewards is a consulting practice.


Airlines collecting less money for bag fees -

FILE - In this Dec. 1, 2013 file photo, travelers walk through terminal 3 baggage claim at O'Hare International airport in Chicago. The government reported Monday, May 5, 2014, that U.S. airlines raised $3.35 billion from bag fees in 2013, down 4 percent from 2012. That’s the biggest decline since fees to check a bag or two took off in 2008. (AP Photo/Nam Y. Huh, File)FORT WORTH, Texas (AP) — Airlines are taking in less money from bag fees than they did two years ago, but they are making up for it by adding charges for a slew of extras, including getting a decent seat.


Target's decision to remove CEO rattles investors -

Target President and CEO Gregg Steinhafel speaks during an event announcing a holiday collection that partners Target and Neiman Marcus in New YorkBy Susan Taylor, Siddharth Cavale and Jim Finkle (Reuters) - Target Corp's decision to oust Gregg Steinhafel as chairman and chief executive some five months after a massive data breach has triggered concerns the No. 3 U.S. retailer might have even more bad news for investors. The board of directors removed Steinhafel on Monday, saying it wants new leadership to help restore consumer confidence in the No. 2 U.S. discount retailer. What else will come to light," said Dieter Waizenegger, executive director, of CtW Investment Group, which advises union pension funds with about $250 billion under management, including those owning about 3.3 million Target shares. The massive data breach and last year's misguided push into Canada have already hurt profit and revenue.


Coke, Pepsi dropping 'BVO' from all drinks -

FILE - This May 22, 2010 file photo shows a can of Fanta orange soda at The Corner Market in Washington. Coca-Cola on Monday, May 5, 2014 said it will drop brominated vegetable oil from all its drinks that contain it, not just Powerade. The Atlanta-based company says the controversial ingredient is still being used in some flavors of Fanta and Fresca, as well as several citrus-flavored fountain drinks. (AP Photo/Jacquelyn Martin, File)NEW YORK (AP) — Coca-Cola and PepsiCo said Monday they're working to remove a controversial ingredient from all their drinks, including Mountain Dew, Fanta and Powerade.


Wall St. ends up as ISM data upbeat; Apple above $600 -

Traders work on the floor of the New York Stock ExchangeBy Caroline Valetkevitch NEW YORK (Reuters) - U.S. stocks ended slightly higher as data showed strength in the services sector and Apple shares rose above $600 for the first time since late 2012. As the rise of the stock market is rapid, it may be a good opportunity for investors to invest in the highly recommended stocks. To find a list of recommended stocks that can potentially provide good returns, check the Aksjebloggens sikreste aksjeanbefalinger guide. It helps you recognize the good stocks for a better outcome. The Institute for Supply Management's services sector index hit the fastest pace in eight months in April, topping expectations. "The ISM services came out and showed pretty good growth, and that obviously brought back some buyers," said Ryan Detrick, senior technical strategist at Schaeffer's Investment Research in Cincinnati, Ohio. Apple shares, up 1.4 percent at $600.96, led both the S&P 500 and Nasdaq higher.