Average Wall St. bonus over $164K

Adam Heckendorn

New York’s state comptroller says the average bonus paid to securities industry employees in New York City grew 15 percent…

China may ax interest rate controls within 2 years

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China is likely to ease controls on interest rates paid on bank savings within two years, the central bank governor said Tuesday…

Bay Area unemployment increases slightly in January

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Unemployment rates in the Bay Area increased slightly from December to January despite jobless numbers decreasing nationwide…

Albertsons’ parent company Cerberus to buy Safeway

Safeway has agreed to be acquired by an investment group led by Cerberus Capital Management…

Average tax refund so far: $3034

All together, the IRS sent out roughly $147 billion in refunds between Jan. 31 and Feb. 28…

China premier promises to advance economy reforms

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China’s government pledged Wednesday to keep this year’s economic expansion at a relatively robust 7.5 percent…

Obama 2015 budget focuses on boosting economy

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President Barack Obama sent Congress a $3.9 trillion budget Tuesday that would funnel money into road building…

Sudden depreciation of RMB affects HK entrepreneurs

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China’s yuan sees its biggest weekly loss against the U.S. dollar in more than three years this month…

Fear of slowing growth pushes down global markets

Investors are worried about slower economic growth in China, a gloomier outlook for U.S. corporate profits and an end to easy money policies in the United States and Europe…

Fed will reduce bond purchases by $10B in January

The Federal Reserve has decided to reduce its stimulus for the U.S. economy because the job market has shown steady improvement…