Financial news on March 29th, 2014

Business and Financial news
3 Retailers Give Aid to Bangladesh Workers

Walmart, Gap and Children’s Place become first three United States companies to contribute toward $40 million fund for victims of Rana Plaza factory collapse in Bangladesh, in which more than 1,100 workers died; sixteen companies have contributed to Rana Plaza Donors Trust Fund, which aims to pay lost wages and medical bills for victims. Read more..


Consumer Confidence Rebounds, but Uncertainty Lingers

Floyd Norris Off the Charts column; Americans view current economic situation more favorably than at any time since early 2008, before it was clear recession had begun; Conference Board reports that its overall index of consumer confidence climbed to high of 82.3 in March. Read more..

By FLOYD NORRIS - The New York Times

Did Facebook Buy Virtual Reality Too Soon?

Facebook has an impeccable sense of introducing products that are right for right now. But did the company make a bet on the future that might not pan out by acquiring Oculus VR? Read more..

By NICK BILTON - The New York Times

Digital Music Pioneer Is Found Liable in Copyright Suit

Michael Robertson may have to pay up to $41 million in a long-running case involving digital music files. Read more..

By BEN SISARIO - The New York Times

G.M. Expands Ignition Switch Recall to Later Models

General Motors announces that it is expanding its ignition switch recall to include additional 971,000 small cars worldwide that may have been previously repaired with defective switches; GM is already recalling 1.62 million cars, made in 2007 model year and earlier, to replace switches that could accidentally cut off engine power, deactivating air bags. Read more..

By BILL VLASIC and MATTHEW L. WALD - The New York Times

Matchmakers Help Those Over 60 Handle Dating’s Risks and Rewards

Matchmakers and relationship coaches can help to guide those over 60, who haven’t dated for decades, through daunting new world of online and offline romance. Read more..

By ABBY ELLIN - The New York Times

Musical Interpretation

Sing along with Peter A. Collins. Read more..

By DEB AMLEN - The New York Times

Transportation Dept. Reprimands Oil Industry

Transportation Department officials rebuke oil industry for not providing information regulators say they needed to gauge danger of moving crude by rail. Read more..


U.S. Judge Dismisses Lawsuit Against Chinese Search Engine

Eight writers and video producers had accused Baidu of violating their right to free speech by blocking users in the United States from viewing their pro-democracy material. Read more..

By REUTERS - The New York Times

Women Charge Bias and Harassment in Suit Against Sterling Jewelers

Group of 12 women who say they were paid less than men and were sexually harassed while working for Sterling Jewelers stores Jared and Kay Jewelers, file suit; accuse largest retail jewelry company in United States of engaging in gender discrimination since 2003. Read more..

By SUSAN ANTILLA - The New York Times

See what else happened on March 29th, 2014