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Today's Financial News

Greece's caretaker cabinet sworn in as country heads to early election

1 day ago

ATHENS, Greece (AP) — Greece's new caretaker government, led by the nation's first female prime minister, was sworn in Friday and headed straight into a cabinet meeting as the country faces an election next month. President Prokopis Pavlopoulos and Thanou signed a decree Friday, the president's office said, officially dissolving Parliament, setting the election for Sept. 20 and the first session of the new Parliament on Oct. 1.

Luxury goods firms keep careful eye on demand from China as markets plunge, economy slows

1 day ago

BICESTER, England (AP) — The designer outlet mall of Bicester Village is set in the English countryside near Oxford, but it might as well be in China. Quiet Mandarin chatter fills the air. Most of the shoppers are Chinese — and so are half the sales assistants. In the Burberry store, many try on the brand's signature trench coats, which go for at least 600 pounds ($925) after discounts. Some punch numbers into their smart phone calculators to work out the exchange rate; more take photos of the goods on offer, likely to message friends at home for a nod of approval.

A billion people logged in to Facebook on Monday. Where are the next billions coming from?

1 day ago

NEW YORK (AP) — You, your mom, your grandma and elementary school buddy Lawrence might have been some of the billion people who logged in to Facebook on Monday — the first time that has happened in a single day. That's right, one billion people, or one-seventh of the Earth's population. Most of the billion people who logged in on Monday were outside the U.S. and Canada. Of Facebook's overall users, more than 83 percent come from other countries. This is also where Facebook's next billions of users will likely come from as it grows.

Mini-hot dogs, mini-roast beef sandwiches; fast-food chains target the snack attack

1 day ago

NEW YORK (AP) — Forget the Big Mac attack. Now is the time of the snack attack. It's all intended to entice people who are searching for a small treat between meals, a cheap bite or a little something extra at mealtime. This week, Arby's introduced a lineup of sliders, with the miniature versions of its regular sandwiches costing less than $2 each. Earlier this year, Sonic introduced "Lil Doggies" and "Lil Chickies,"or petite hot dogs and chicken sandwiches, for around the same price. They were so popular the chain is bringing them back next week.

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