Stories about Finance

Jan 28 2016

Samsung Elec warns of difficult 2016 as smartphone troubles spread

The result falls short of expectations. Sales were up 1 percent to 53.3 trillion won while operating income rose 16 percent to 6.1 trillion won, in line with its earnin...

Jan 28 2016

Obama administration loosens Cuba embargo with new measures

The U.S. Treasury Department continues to relax travel restrictions to Cuba under a rule that will better facilitate temporary sojourns for aircraft crew members. The mea...

Jan 28 2016

Stocks point down before Federal Reserve statement

The Dow Jones industrial average was down 94.44 points, or 0.58 per cent, to 16,072.79; the S&P 500 was down 5.3 points, or 0.28 per cent, to 1,898.33; and the Nasdaq ...

Jan 28 2016

Fiat Chrysler bets on SUV craze, sees Jeep sales soaring

Cheap gasoline is driving a shift away from smaller cars toward SUVs across the US auto market. "Fiat's net income is set to directly benefit" from gaining access to Ch...

Jan 27 2016

DeLoreans coming Back to the Future

DeLorean Motors moved stateside in 1987 and has since been in the restoration business, with cars shipped in from around the world. Texas-based DeLorean Motors recen...