Business

Asian shares slip, dollar wobbles as Fed keeps rates steady

CaptionCloseHONG KONG (AP) — Asian markets retreated and the dollar wobbled Thursday after the Fed kept its key lending rate on hold as expected...

Russell Simmons’ UniRush, MasterCard must pay $13M

Russell Simmons will have to pay up for his prepaid debit card debacle.The Consumer Financial Protection Bureau ordered the hip-hop mogul’s UniRush, as well...

Remember this about upcoming jobs report — there’s never growth in January

Friday’s employment report could be lousy. Or not.I know, I’ve covered my assessment both ways. But January is always a hokey month when it...

Macy’s sale rumored as long-time CEO steps down

Terry Lundgren’s final weeks as chief executive of Macy’s are anything but peaceful.The veteran retail boss, who is stepping down as CEO later in...

Hoboken council OKs using eminent domain to double park size, ‘if necessary’

HOBOKEN -- Applauded by many of the 90 or so residents watching, the Hoboken City Council unanimously authorized Mayor Dawn...

Northrop Grumman's $35-million contract may point to work on new stealth bomber

Defense giant Northrop Grumman Corp. has won a $35.8-million contract modification to build a new “coatings facility” at Air Force Plant 42 in Palmdale,...

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Understanding the Significance of U.S. Equity Market Betas and Their Evolving...

Understanding the Dynamics of U.S. Equity Market Betas and Their Impact on Investment StrategiesThe beta of an investment security, whether it be a single...