Business

TD Bank moves away from controversial “reordering” policy
Business

TD Bank moves away from controversial “reordering” policy

Customers are enraged at banks like TD Bank, due to a policy called “reordering,” which changes the order in which a bank processes transactions.This practice has caused a large amount of overdraft charges to customers. TD Bank has announced that it will move away from the practice as early as April. These changes coming about are…

Business

European Central Bank expands QE program to 80 billion euros

The European Central Bank cut all rates and expanded its quantitative easing program. Amid growing concerns about economic growth and inflation, the 19-country eurozone’s central bank cut its rates to an all-time low. The refinancing rate, the rate of interest that banks must pay when they borrow funds from the ECB, was decreased by 5 basis points…

Baruch students launch coffee and handcrafted bag companies
Business

Baruch students launch coffee and handcrafted bag companies

The Knickerbocker Coffee Company and Gramercy Supply Company are two distinct ventures co-founded by undergraduate students Kyle Harrison and Gavin Wax. Harrison and Wax, two full-time economics majors in the Weissman School of Arts & Sciences, launched the companies within months of each other, showcasing their love for coffee and keen eye for men’s fashion…

US Bureau of Labor report indicates increase in employment
Business

US Bureau of Labor report indicates increase in employment

The United States Bureau of Labor Statistics released its latest jobs report, which said that in February the total nonfarm payroll employment increased by 242,000 jobs while the unemployment rate remained stable at 4.9 percent. According to the report, the employment rate has shown an increase in jobs in various sectors including: health care, social…

Business

Valeant under investigation for inter-pharmaceutical relations

Valeant Pharmaceuticals International Inc. has revealed that it is under investigation by the United States Securities and Exchange Commission for an unlawful relationship with the prescription service, Philidor. As a result of the investigation, Valeant has canceled this year’s financial guidance, postponed the earnings report of last quarter and announced the return of Chief Executive…

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