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Consumer Spending Remained Flat in December and U.S. Manufacturing Activity Slows Down

Consumer Spending Remained Flat in December and U.S. Manufacturing Activity Slows DownA strong dollar and dropping oil prices resulted in slowing manufacturing activity in the US as it contracted for the fourth consecutive month in January. Energy firms trying to cope with low oil prices have opted for huge spending cuts but now the pace of decline seems to be slowing down.

JPMorgan Comes Out Confident With Quarterly Results Surpassing Expectations

JPMorgan Comes Out Confident With Quarterly Results Surpassing ExpectationsHelped by, slimmer legal bill and big cost trimmings, JPMorgan Chase & Co marked the year by reporting a better than expected profit for the last quarter.

The banking and financial services company expressed confidence in its businesses for 2016 although it had a gloomy start with falling stocks and the drop energy prices.

Reportedly Pfizer Considering Merger with Dublin based Allergan

PfizerReportedly Pfizer, based in New York City is considering a merger with Allergan based in Dublin, Ireland. The reasons for considering the deal are many. It would give the company a break from the stringent corporate tax rules in the U.S, making more funds available for research, share holders as well as employees.

New York Fed Secret Leak May Cost Goldman Sachs $50 Million

New York Fed Secret Leak May Cost Goldman Sachs $50 MillionAccording to sources with knowledge of the matter, a settlement of allegation that an ex- employee obtained and shared confidenti

Nasdaq Expanding Competitive Edge; Two Deals Signal at Growing Focus on Unicorns

Nasdaq Expanding Competitive Edge; Two Deals Signal at Growing Focus on UnicornsOn Thursday, Nasdaq purchased two businesses without disclosing the amount it paid for them.

Sources Say SanDisk is Looking for a Buyer

Sources Say SanDisk is Looking for a BuyerAccording to sources with knowledge of the matter, SanDisk Corp, the chip manufacturing company has hired a bank to look into possible sale of its business.

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