Financial news on August 30, 2014
Business and Financial news
Ann Carrns Your Money Adviser column notes many homeowners, jarred by earthquake in Napa County, Calif, are wondering whether they should buy special earthquake insurance, which is generally not covered by homeowner's policies; cites questions to consider when buying earthquake protection. Read more..
Under the latest timetable, Alibaba will hope to price its stock sale toward the later half of the week of Sept. 15, a person briefed on the matter said. Read more..
Chelsea Clinton says that she will leave her position as NBC News special correspondent, less than three years after she embarked on a new and lucrative career; says she will focus on philanthropic work at the Bill, Hillary & Chelsea Clinton Foundation. Read more..
It may be impossible to keep hackers out of a computer network. But one company offers a way to monitor threats once they get through the firewall. Read more..
Hershey Company is introducing new corporate logo featuring stylized version of chocolate Kiss, one of its most famous chocolate products. Read more..
International Monetary Fund board stands behind director Christine Lagarde, who is facing criminal investigation in France tied to political corruption inquiry dating from 2008. Read more..
Professional video gaming is becoming a worldwide spectator sport offering big prizes to competitors and helping the game industry gain even greater cultural and economic clout. Read more..
Commerce Dept says consumer spending fell in July for first time in six months, but measure of confidence among households hit seven-year high in August; report shows a sharp acceleration in factory activity in the Midwest, further sign that the economy remains on solid ground. Read more..
Charles Shrem, a leading backer of Bitcoin, is to plead to one federal count of aiding and abetting an unlicensed money transmitting business. Read more..
A growing number of credit unions and nonprofit groups are using lotteries to encourage low-income families to save. Read more..