The move marks as a progress for Atlanta Fed in regards to diversity as Bostic becomes the first African-American regional president in its history.

Mar 14, 2017 06:05 AM EDT

Scandal-ridden bank initiates organizational clean-up due to alleged mistreatment of workers aside from the popular fake account scandal. Wells Fargo vows to be a more streamlined, efficient and consistent consumer bank.

Mar 11, 2017 09:14 AM EST

Tech company Lenovo posts a drop in its third quarter profits as it faced "sizeable" challenges in its business.

Feb 19, 2017 09:11 PM EST

UK retail spending sees 1.5 percent growth year-on-year in January 2017 compared with January 2016.

Feb 19, 2017 08:12 PM EST

Exxon Mobil Corp (XOM.N) said it would buy companies owned by the Bass family of Texas in a deal worth up to $6.6 billion.

Jan 17, 2017 12:03 PM EST

The US President-elect, Donald Trump, has promised to hand out of his business empires to his children before get sworn as the president next month. Some politicians stated that Trump's words just to avoid potential conflicts of interest.

Dec 07, 2016 09:57 AM EST

"The US President-elect sold his company stocks in June " said a spokesman, Jason Miller. Trump's company well known as one of the world's best corporation, among Walmart, Master Card and Apple.

Dec 07, 2016 03:10 AM EST

New Zealand home buyers have the new option for home loan. On Tuesday Crown Finance Limited launched its Freedom Home Loans.

Mar 30, 2016 08:28 AM EDT

The report released by Needham & Company, an investment bank and asset management company, showed that bitcoin has been undervalued by more than $200, nearly 58% based on the current price.

Mar 30, 2016 07:58 AM EDT

Hyperloop Technologies Inc. has been implementing an innovative idea of Tesla CEO Elon Musk through developing a new concept of transportation platform. The Los Angeles tech giant considers for spending $121 million to develop the full track at Apex Industrial Park. To allure the investment, Nevada state officials have waved $9.2 million sales tax applicable on the capital expenditure.

Mar 29, 2016 09:33 AM EDT

Experts said the new chip-enabled or EMV credit and debit cards can help reducing fraud. However, incomplete adoption of chip cards and readers will make consumers and merchants vulnerable.

Mar 09, 2016 08:50 AM EST

Facebook’s WhatsApp announced that they will stop supporting older mobile platforms, including BlackBerry, Nokia, as well as older Android and Windows operating systems. The decision would allow the app to further improve its features beyond older smartphones’ capabilities.

Mar 01, 2016 08:55 AM EST