UPDATE 1-Ferragamo says new stores in China could be smaller MILAN, Aug 27- Italian luxury group Salvatore Ferragamo may opt for smaller new stores in China as local consumers shop more online and abroad, its chief executive said on Thursday. Asia-Pacific is the biggest market for the Florentine shoemaker and sales there declined 4 percent at constant exchange rates in the first half of 2015, even though the brand's own...
GRAINS-Soybeans higher as China alarm ebbs; U.S. weather eyed *Wheat lower on dollar strength, fresh Black Sea sales. CHICAGO, Aug 27- U.S. soybean futures rose 1.5 percent on Thursday as equity markets stabilized in China, the world's top soy buyer, and on concerns about dry weather as the U.S. At the Chicago Board of Trade as of 1:10 p.m. CDT, the benchmark November soybean contract was up 13 cents at $8.78 a bushel.
| By: Marguerita Choy)
AIG seeking $1.76 bln in 'life settlements' trial in New York But Heidi Hubbard, a lawyer for Coventry, said AIG had been aware that Coventry was selling certain policies at a gain and never objected. Coventry, founded by Philadelphia philanthropist Alan Buerger, is the "leader and creator" of the life settlement industry, according to its website. AIG bought nearly 7,000 life settlements from Coventry with a total face...
| By: Joseph Ax
How crowdfunding can speed up the Hyperloop Crowdfunding isn't just for the little guys. Projects seeking crowdfunding include everything from household appliances from GE to the Hyperloop.
| By: Althea Chang
Can Carly Fiorina go all the way? Carly Fiorina is impressive in interviews and debates. Here's how she can get closer to the GOP nomination, says media strategist Mark Macias.
| By: Mark Macias
Google rejects EU anti-trust allegations as flawed BRUSSELS- Google rejected on Thursday a complaint by Europe's competition watchdog that the Internet giant is abusing its dominance in Web search to promote its own products. The European Commission, the EU's executive body, alleged in April that Google has improperly favored its shopping comparison service in its own search results. Walker said that...
Source: The Associated Press
Will CD savers ever earn a decent return? Certificates of deposit are offering historically low yields and even an expected rate hike by the Fed might not generate better earnings.
| By: Zack Guzman
UPDATE 3-Tiffany forecasts unexpected decline in full-year profit *Q2 sales fall, while analysts had expected a rise. Aug 27- Luxury jeweler Tiffany& Co forecast an unexpected decline in full-year profit and said earnings fell about 16 percent again in the second quarter as higher costs, mainly on innovating new products, overshadowed a recovery in sales. Tiffany, known for its blue boxes and the iconic Tiffany Diamond, said it...
| By: Yashaswini Swamynathan