The Traderszone Network

DETROIT (AP) — An attorney for Detroit is set to resume his opening statement at the city’s historic bankruptcy trial, after saying on the first day that Detroit needs the restructuring to survive.

As CVS sharpens its focus on customer health, the nation’s second-largest drugstore chain will tweak its corporate name and stop the sale of tobacco nearly a month sooner than planned. CVS Caremark said …

BERLIN (AP) — Europe’s biggest online fashion retailer, Zalando SE, said Wednesday it plans a public listing on the Frankfurt stock exchange this year.

Growth and job creation are the major challenges for the global economy while the low interest rate environment presents a risk, the International Monetary Fund’s (IMF) deputy managing director Zhu Min …

Hackers who stole gigabytes of data from JPMorgan Chase & Co. may have been trying to send a message that U.S. The FBI is investigating the cyberattack on JPMorgan and whether other banks were penetrated in retaliation for U.S.- backed sanctions on Russia, according to people familiar with the investigation who asked not to be identified because the probe is still underway. Keith Alexander, the NSA director from 2005 until last March, said he had no direct knowledge of the attack though it could have been backed by the Russian government in response to sanctions imposed by the U.S.

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Jeanette Cross took out a payday loan to cover her May rent of $1,600 in South Los Angeles. “I’m further and further behind,” Cross, a 34-year-old single mother of four, said in a telephone interview. Angelenos use a bigger slice of their paychecks on shelter than people in New York, San Francisco or Miami, studies show. “They’re bottom earners living in a high-priced housing market,” said Dowell Myers, a policy, planning and demographics professor at University of Southern California in Los Angeles.

President Barack Obama vowed to “degrade and destroy” the Islamist militant group behind the beheading of a second American journalist.