The Traderszone Network

Government agencies say investors were defrauded of more than $1.5 billion. How consumers can avoid the same fate.

When Jeb Bush said Americans need to work longer hours for the good of the U.S. economy, Hillary Clinton and Democrats thought they had a big, fat juicy target.

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Investors didn’t like the specialty retailer’s first-quarter results.

Initial claims for state unemployment benefits rose 15,000 to a seasonally adjusted 297,000 for the week that ended July 4, the U.S. Department of Labor said on Thursday. Thursday’s jobless claims report marks the 18th consecutive week of new filings below 300,000.

U.S. stocks were tipped to open higher Thursday, as a recovery in Chinese stocks lifted sentiment, while focus remained on the Greek crisis.

P&G will separate 43 of its cosmetics, fragrance and haircare brands and fold them into Coty under a “Reverse Morris Trust” transaction that will ultimately give P&G shareholders a majority stake in the new entity. The combined company is expected to have annual revenue of more than $10 billion – double Coty’s turnover – and will be led by Coty CEO Bart Becht. JAB Cosmetics B.V., which owns 97 percent of Coty’s Class B shares, is in favour of the deal, Coty said.

Rep.

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