All Latest News Wires
Saks Fifth Avenue ID theft ring bought over $400,000 designer goodsAn identity theft and fraud ring聽 鈥� at least eight people 鈥� funneled stolen data to some corrupt Saks Fifth Avenue employes聽to create sham transactions to聽buy over $400,000 worth of designer shoes, handbags and accessories,聽authorities said Monday.
Ford faces NHTSA investigation over power steering failuresFord is being investigated by the NHTSA over complaints that the power steering can fail on three of the automaker's midsize car models. The NHTSA probe affects聽938,000聽Ford聽Fusion and Lincoln MKZ cars from the 2010 through 2012 model years, as well as the 2010 and 2011 Mercury Milan.
Why Wal-Mart is getting into the health insurance gameWal-Mart is taking聽one-stop shopping to another area: health insurance. Wal-Mart announced Monday that it聽plans to work with DirectHealth.com to allow shoppers to compare coverage options and enroll in Medicare plans or the public exchange plans created under the Affordable Care Act.
Hewlett-Packard (HPQ) to split into two public companies. Stock soars.Hewlett-Packard聽(HPQ) said it would split into two listed companies, separating its computer and printer businesses from its faster-growing corporate hardware and services operations. Hewlett-Packard stock jumped 5 percent on the news.聽
San Francisco and Berkeley consider a 'sin tax' on sugary drinksSugary soft drinks and sports beverages are the single biggest calorie sources for teens, and are disproportionately consumed by low-income households, say studies.
Marriott fined $600,000 for jamming guests' personal Wi-Fi networksMarriott's Opryland hotel in Nashville first blocked personal Wi-Fi connections,聽then charged between $250 and $1,000 per access point, says the FCC, who levied the fine.
Warren Buffet joins a growing club of billionaire car kingsWarren Buffett entered the car market in a big way this week when he announced he will buy the Van Tuyl group, the largest privately owned auto group in the US. Buffett joins a handful of official billionaire car kings in the US.聽
JPMorgan says data breach hit an unexpected 76 million householdsJPMorgan聽Chase, the nation's biggest bank by assets, said there's no evidence that the data breach included JPMorgan Chase customers' account numbers, passwords, Social Security numbers or dates of birth. It also said it has not seen any unusual customer fraud stemming from the cyberattack.
European Central Bank chief unsure over stimulus sizeMario Draghi, the head of the ECB, called the recovery in the EU, 'weak, fragile, and uneven.'
Google could face $100M lawsuit over celebrity photo hacksA lawyer has threatened to sue Google for over $100 million for failing to take private celebrity photos that were posted online by hackers off the Internet.聽Numerous celebrities including Jennifer Lawrence and Kate Upton, have聽had private pictures stored on their Apple iCloud accounts stolen since September.
Warren Buffett the car buff? Billionaire buys Van Tuyl Group.Warren聽Buffett's聽Berkshire Hathaway is buying the privately-owned auto dealership company Van Tuyl Group as the billionaire looks to make inroads into the auto industry. If completed, the deal would give Warren Buffett control of the largest privately owned auto dealership group in the US.聽
Jobless claims fall by 8,000, hinting at job market strengthJobless claims among Americans fell unexpectedly fell last week, a sign the U.S. labor market might be tightening.聽Initial jobless聽claims聽for state unemployment benefits dropped 8,000 to a seasonally adjusted 287,000 in the week ended Sept. 27, the Labor Department said on Thursday.
New York Times to cut 100 newsroom jobs; stock jumpsThe New York Times said on Wednesday that聽it would cut jobs to lower costs and invest the savings in its 'digital future' as advertising revenue from its print business dwindles. New York Times stock rose 7 percent on the news.聽
ADP says private firms added 213,000 jobs in SeptemberADP聽says private employers added 213,000 jobs last month, up slightly from 202,000 in August. Job gains above 200,000 are usually enough to lower the unemployment rate, but the ADP figures can diverge from the official government jobs report, coming out this Friday.
How school spending by the rich is widening the wealth gapWealthier parents have been stepping up education spending so aggressively that they're widening the nation's wealth gap, studies suggest.- Oil, railroad companies want seven years to fix tank carsThe president of the American Petroleum Institute told reporters Tuesday it could take up to one year for manufacturers to prepare to overhaul tank cars.
Consumer confidence takes biggest dip since the government shutdownUS 聽consumer聽confidence聽dropped in September after hitting the highest level in nearly seven years in August, according to the Conference Board.聽It was the first decline in Consumer Confidence after four months of gains.
Apple's EU tax problems: Who will have to pay?The European Commission has confirmed it believes Apple and Ireland breached guidelines on state aid over Apple's Irish tax arrangements.聽If the tax arrangements are found to be illegal, then Ireland may be forced to recover the funds from Apple.
Walmart: Tracy Morgan responsible for 'failure' to wear seatbelt in crashTracy聽Morgan聽and others in a limousine struck from behind by a Walmart truck in June are at least partly to blame for their injuries because they weren't wearing seatbelts, the company said in a court filing Monday. The Walmart filing was made in response to a lawsuit 聽Tracy Morgan filed in July over the accident.聽
PayPal to split from eBay in 2015 and go publicPayPal is splitting from eBay and will become a separate and publicly traded company next year.聽Almost a year after billionaire Carl Icahn opened a proxy fight and pressured eBay for a spinoff of PayPal, eBay President and CEO John Donahoe announced the split Tuesday.
