Finance news

US Department of the Interior Reopens Coal Mining Operations

US Department of the Interior Reopens Coal Mining Operations

Trump Administration Interior Secretary Ryan Zinke has just put an end to the Obama-era federal moratorium on coal-mining leases. On Wednesday Zinke signed an order repealing the federal land lease pause, an action which implements at least part of President Trump’s executive order to repeal environmental policies and restrictions on […]

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White House Placed Big Tariffs on Steel

President Donald Trump was considering placing big tariffs on steel shipments into the U.S. from other countries. The president claimed the steel poses a big risk to the national security. The tariffs could be placed as high as Trump decides to put them and could easily cause countries to take […]

Cruise Lines in U.S. Look to China For Growth

Cruise Lines in U.S. Look to China For Growth

The Quantum of the Seas, a cruise ship in the Royal Caribbean fleet was not even a year old when the cruise line swapped out its retro burger joint Johnny Rockets for a noodle restaurant and eliminated the duty free store in favor of a luxury leather shop. The ship’s […]

Ikea To Raise Minimum Wage, Workers Average 17 Percent Increase

Ikea To Raise Minimum Wage, Workers Average 17 Percent Increase

Perhaps this was the way it should be done to begin with. With many minimum wage workers and government leaders in Washington in America demanding a higher minimum wage Swedish furniture retailer Ikea was taking the matter into their own hands and raised it own minimum wage. Ikea was also […]

Shell Profit Free Falls 44%, as Crude Plummets

Shell Profit Free Falls 44%, as Crude Plummets

Royal Dutch Shell, which is nearing the completion of the largest deal in the oil industry in the past decade, posted its profit for the fourth quarter that matched estimates on Wall Street. Shares were up the most in close to seven years amidst a rebound in stock worldwide and […]

Bank of America Offers Biggest Settlement Ever

Bank of America Offers Biggest Settlement Ever

Bank of America has spent months stalling throwing out low numbers for a settlement, but once the government got involved the situation was resolved within 24 hours. The bank has agreed to the largest federal settlement in US corporate history. The tentative deal, which will cost the bank a reported […]

Warner Bros. Changed Game Plan For Growth (TWX)

Warner Bros. Changed Game Plan For Growth (TWX)

In order to regain its footing in the movie industry, Warner Bros. is planning an ambitious expansion plan to increase its presence in the business. More movie offerings are expected from Warner’s expansive DC Comics library, as well as some melodramas and comedies that are currently in the works at […]

Tobacco Companies Reynolds, Lorillard Talk Merger

Tobacco Companies Reynolds, Lorillard Talk Merger

tobacco merger For the tobacco industry, changes may be on the way, and two big companies may become one giant of a company. The companies responsible for Camel and Newport cigarettes say they are talking about combining two of the oldest and biggest tobacco companies in the country. A merger […]