Family Dollar Rejects Dollar General Bid Over Antitrust Fears

Posted On August 22, 2014

(Undated) -- Family Dollar Stores is turning down Dollar General's bid to buy the discount retail chain. Family Dollar's board said Thursday it unanimously rejected Dollar General's nine-billion dollar bid because it's concerned the deal wouldn't be able to pass antitrust hurdles. The board reaffirmed last month's deal to merge with Dollar Tree, which has…

Yellen Labor Market Speech To Highlight Jackson Hole Meeting

Posted On August 22, 2014

(Jackson, WY) -- Investors and analysts are eager to hear what Federal Reserve Chair Janet Yellen has to say this morning. Yellen will highlight the Fed's symposium in Jackson Hole, Wyoming when she shares her views on the health of the U.S. labor market. Economists expect the Fed chief to cite the unemployment rate as…

Treasury Department Slaps Sanctions On Taliban Financial Companies

Posted On August 21, 2014

(Washington, DC) -- The Treasury Department is cracking down on financial companies providing money and arms to the Taliban. The U.S. is slapping sanctions on several international money transferring businesses, labeling them global terrorists for supplying services to the Taliban. The sanctions freeze any assets of the designated entities in the United States and prohibits…

Mortgage Applications Rise

Posted On August 20, 2014

(Undated) -- More Americans are applying for a mortgage. The Mortgage Bankers Association says applications jumped nearly eight percent last week. The MBA's chief economist says that marked a healthy rebound coming out of the Labor Day holiday.