For the fourth following month, US can expect cheaper food in table. But wholesalers and retailers won’t be happy about it as the profit is less. The 0.5 percent decrease in the producer price index followed a 0.8 percent drop the prior month, a Labor Department report showed Friday. The …

Russia’s central bank wants to decreases their interest rate due to the economic forecast, saying that the stabilizing inflation gives way to economy buckling. The one-week auction rate was cut by one percentage point to 14 percent, the central bank said in a statement on its website Friday. Seventeen of …

The Lumber Liquidators Holdings company, said Thursday that its sales have slid 7.5% since a “60 Minutes” segment earlier this month alleged the company’s Chinese-made laminate flooring doesn’t meet California’s emissions standards for levels of formaldehyde, a known carcinogen. The company also gave a weaker-than-expected sales forecast for its current …

UK is to become the first major Western country to become member of Asian Infrastructure Investment Bank (AIIB), the financial institution backed by China. Chancellor of the Exchequer George Osborne said Thursday that the U.K. has applied to join the Asian Infrastructure Investment Bank (AIIB). If accepted, Britain would be …

Asset seizure: Greece’s justice minister Wednesday warned that German property could be seized in compensation for wartime atrocities, in an escalating war of words with Berlin over Athens’ current EU loan deal. Justice Minister Nikos Paraskevopoulos said he was “ready to approve” a Greek Supreme Court ruling in 2000 that …

New Jersey is particularly not the best state for public pension funding. New Jersey underfunded its public pension system more than any other U.S. state for more than a decade, according to a study to be released later on Wednesday. From fiscal year 2001 through 2013, the Garden State paid …

The government is suing DirecTV.  Regulators allege the satellite TV company misled millions of consumers about the cost of a discounted 12 month package through deceptive advertising.  The Federal Trade Commission accuses the company of being unclear that a contract was required, that the price would go up half way …

KFC: Kentucky fried chicken the biggest chain of fried chicken restaurants, is feeling the pressure from environmental groups and consumer to change how its poultry are produced after McDonald’s Corp said it would switch to chicken raised without human antibiotics. KFC under pressure from MCD’s McDonald’s will not be involved …

The amount of people in US filing for unemployment benefits declined more than forecast last week, returning to a level that’s consistent with an improving labor market. Initial jobless claims dropped 36,000 to a three-week low of 289,000 in the period ended March 7 from a revised 325,000 in the …

US: Arbitration clauses in the fine print of credit card and checking account agreements harm consumers by limiting the compensation they can receive in disputes with financial firms, the nation’s top consumer financial guardian said. More than 75 percent of consumers didn’t know if they were subject to the clauses, many …