All Latest News Wires
Fiat Chrysler stock (FCAU) falls in Wall Street debutFiat聽Chrysler聽Automobiles shares (FCAU) jumped as the market opened Monday, but fell later in the morning after making their debut on the New York Stock Exchange Fiat Chrysler.began trading in New York to raise its profile and give US investors a chance to own part of the聽Chrysler comeback story.聽
J.C. Penney taps Home Depot's Marvin Ellison as CEOJ.C. Penney (JCP) said Monday that Marvin Ellison, currently executive vice president of stores at Home Depot Inc., will become president in November and CEO next August.聽J.C聽.Penney shares (JCP) rose in premarket trading on the news.
Nobel economics prize goes to Tirole for work on regulating corporationsFrench economist Jean Tirole won the聽Nobel聽prize聽for economics Monday for research that has helped policy-makers understand how to deal with industries dominated by a few companies. Tirole's win was the first Nobel economics聽prize聽without an American winner since 1999.
Colin Kaepernick fined $10K for headphones. NFL has a 'Beats' problem.San Francisco 49ers quarterback聽Colin聽Kaepernick聽says he has been fined $10,000 by the NFL for the pink 'Beats by Dre' brand name headphones he wore 聽after a game last week. Beats' popularity could be a problem for the NFL, since it has a sponsorship deal with Bose.聽
Microsoft CEO apologizes for telling women not to ask for raisesMicrosoft CEO Satya Nadella has apologized for telling women to have 'faith that the system will actually give you the right raises as you go along' and that not asking for raise is ' good karma.'
Apple stock (AAPL) selling at half its value, Carl Icahn saysCarl Icahn would like to see an Apple stock buyback of as much as $100 billion, but he says he would never engage in a proxy fight against the company to make it happen. Icahn sent a letter to Apple Thursday suggesting company stock was selling at less than half its true value.聽
Jobless claims in the US dip to an eight-year lowJobless claims by American workers for unemployment benefits fell by 1,000 to 287,000 last week, a sign that US employers are hanging on to workers. Jobless claims are currently lower than they were before the country's economic crisis began.聽
No more free Legos at Shell gas stations. Why?Lego, the Danish toy maker, said Thursday it won't renew a deal allowing Shell to hand out聽Lego聽sets at gas stations. Greenpeace campaigned against the Lego-Shell deal.聽
J.C. Penney (JCP) stock plunges, but the company is doing betterJ.C. Penney (JCP) shares fell sharply Wednesday after the company said same-store sales growth this quarter would be less than forecast. Still, after nine-straight quarters of declines, J.C. Penney same-store sales have turned positive for the last three quarters.
AT&T will pay $105 million for bogus charges on customer billsAT&T billed millions of customers for charges from third-party companies for services people never asked to receive or were duped into subscribing to 鈥� things like horoscope texts or flirting tips, according to the FCC. AT&T will pay $105 million in fines, with $80 million going to customer refunds.聽
What happened to SodaStream?SodaStream was supposed to compete with Coke and Pepsi in the US, but the homemade soda maker company isn't attracting enough new users. SodaStream stock hit an all-time low Tuesday on the news.聽
China just overtook US as the world's largest economy, IMF saysChina just overtook the US to become the world's largest economy, according to the International Monetary Fund.聽By the end of 2014, China will make up 16.48% of the world's purchasing-power adjusted GDP (or $17.632 trillion), and the US will make up just 16.28% (or $17.416 trillion).
Obamacare exemptions: Too complicated to claim?Millions of Americans without health insurance risk fines from the IRS, but at least half of them are eligible for waivers 鈥撀爄f they can figure out how to claim them.
Wal-Mart cuts health care benefits for some part-time workersWal-Mart's announcement follows similar decisions by Target, Home Depot, and others to completely eliminate health insurance benefits for part-time employees,聽in a move aimed at controlling rising health-care costs.
Lew: 'need for more action' from other nations to help boost global growthTreasury Secretary Jacob聽Lew said Tuesday that the US economy is strengthening, but said聽he doesn't 'think the United States alone can pull the global economy to where it needs to be.'
Home prices rise 6.4 percent in August, but pace is slowingUS home聽prices聽increased in August, yet the pace of these gains continues to slow, helping to improve affordability for would-be buyers. Prices聽rose 6.4 percent in August compared with a year ago,聽a decline from an annual gain of 6.8 percent in July, according to CoreLogic.
Amazon under investigation from EU over Luxembourg tax practiceThe move is part of a wider crackdown on multinational firms' ability to avoid taxes by shifting profits and costs between countries.- Hewlett-Packard breakup means the death of the hardware superstoreHewlett-Packard will split into two companies, worth about $55 billion apiece. The breakup is meant to give the two HP companies the agility to better respond to market demands, but there could be trouble ahead.聽
NBA will reap more than $2.6 billion per year from new TV deal, source saysESPN and Turner Sports' TNT will continue to air NBA games, both regular season and playoffs, through the 2024-25 season.
Waldorf Astoria sale is the most expensive ever for a US hotelThe famed Waldorf Astoria hotel in New York will be sold by Hilton for聽聽$1.95 billion to China-based buyer Anbang Insurance Group.聽The price makes the Waldorf Astoria the most expensive single hotel ever sold in the US, according to a hotel industry consulting firm.
