Impact from China's currency devaluation and slowing economy being felt around the globe
A free-falling Chinese currency could make China's goods cheaper for foreigners, squeeze Western companies, discourage Chinese tourism, increase China's exports and complicate the Federal Reserve's decision on whether to raise American interest rates.
Hedge fund Third Point becomes largest Baxter holder, wants to be involved in picking new CEO
Hedge fund Third Point has become the biggest shareholder in Baxter International and wants to help choose the medical products maker's next CEO.
Business Highlights
___ US probing possible airline collusion that kept fares high WASHINGTON (AP) — The U.S. government is investigating possible collusion among major airlines to limit available seats, which keeps airfares high, according to a document obtained by The Associated Press.
Hawks agree to sell NBA team for $850 million to group headed by billionaire Antony Ressler
Seven months after a racially charged email put the Atlanta Hawks on the market, there's an agreement to sell the NBA team for $850 million.
Target sets aside $19M for MasterCard issuers caught up in December 2013 data breach
Target and MasterCard say they've agreed to settle lawsuits over Target's December 2013 data breach.
Business events and economic reports scheduled for the coming week
All times are Eastern.
Top 10 Nasdaq-traded stocks posting largest volume increases
A look at the 10 biggest volume gainers on Nasdaq at the close of trading: AmeriServ Financial Inc. : Approximately 306,800 shares changed hands, a 1,923.2 percent increase over its 65-day average volume.
UnitedHealth, IBM, Netflix, Advanced Micro Devices and Acacia are big market movers
Stocks that moved substantially or traded heavily Wednesday on the New York Stock Exchange and the Nasdaq Stock Market: NYSE UnitedHealth Group Inc., up $3.70 to $109.32 The nation's largest health insurance company reported a boost in fourth-quarter profit that beat Wall Street expectations.
Retiring Postmaster General Donahoe slams suggestions that Postal Service get into banking
Retiring Postmaster General Patrick R.
Business events and economic reports scheduled for the coming week
All times are Eastern MONDAY, Dec. 15 WASHINGTON — Federal Reserve releases industrial production for November, 9:15 a.m.; National Association of Home Builders releases housing market index for December, 10 a.m.
Top 10 Nasdaq-traded stocks posting largest volume decreases
A look at the 10 biggest volume decliners on Nasdaq at the close of trading: Cambridge Cap Acq : Approximately 700 shares changed hands, a 97.5 decrease from its 65-day average volume.
Top 10 Nasdaq-traded stocks posting largest volume increases
A look at the 10 biggest volume gainers on Nasdaq at the close of trading: Aurinia Pharma : Approximately 48,700 shares changed hands, a 535.4 percent increase over its 65-day average volume.
Japan central bank gov. says companies must raise wages, investment, says hoarding cash costly
Japan's central bank governor has urged companies to raise wages and investment to aid the country's efforts to overcome deflation.
Hong Kong stock exchange protects Chinese chemical company accused of overstating profits
Hong Kong's Stock Exchange is prohibiting investors from betting against a Chinese company backed by Morgan Stanley for at least the next three months.
Eyeing weakness in Russian economy, West seeks to inflict more pain on Moscow
U.S. and European officials hope a new round of sanctions targeting energy and defense entities, as well as major banks, will deepen Russia's economic pain and force President Vladimir Putin to end provocations in Ukraine.
GE says its spinoff of credit card business on track for late July
General Electric is targeting late July for the initial public offering of its credit card business, named Synchrony Financial.
GE 2nd-quarter profit rises 13 percent
General Electric Co. (GE) on Friday reported earnings that rose by 13 percent in its second quarter.
Chesapeake Taps Anadarko’s Lawler as CEO
Chesapeake Energy's board selected Robert Lawler, an executive at rival energy company Anadarko Petroleum, to serve as chief executive of the nation’s second-largest producer of natural gas.
Young industry developing drones resembles Silicon Valley in early days of personal computer
To see the future of drones, head up the hill at the intersection of Industrial Drive and Electronics Avenue.
More than just Square: Small businesses have even more on-the-go credit card reader options
Small business owners looking to ditch traditional credit card readers have more options than ever.


