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Shareholders balk as Ford hedges profit outlookFord聽shares聽tumbled Monday after the automaker said it will fall short of its full-year profit goals.
Toyota recall includes 690,000 Tacoma pickups from 2005-2011Toyota will recall聽690,000 Tacoma pickup trucks because the rear leaf springs could break, puncture the gas tank and cause a fire. Owners affected by the Toyota recall will be notified by mail and have the problem fixed at no additional cost.聽
Macy's to hire 86K extra workers to keep up with holiday rushMacy's聽plans to hire about 86,000 seasonal holiday workers nationwide, a 3.6 percent increase from last year. 聽Macy's said聽Monday that the growth is being fueled by its expanding online business.聽
Bill Gross's exit could cost Pimco over $260 billion, bank saysPimco (PIMCO) could suffer $266 billion in outflows as a result of star manager Bill Gross's exit from the company, according to an estimate from Deutsche Bank. Bill Gross announced last week that he is leaving Pimco for rival firm Janus.
Consumer spending and personal income speed up in AugustConsumer spending and personal income grew in August, a positive sign for the US economy which appears to have shifted into a higher gear. Consumer聽spending聽rose 0.5 percent last month after being unchanged in July, and personal income ticked up 0.3 percent.聽
Bill Gross out at Pimco. So who's the next bond king?The Pimco founder's departure leaves a void as to who will replace the legendary 'bond king.'聽Daniel Ivascyn appears to be front-runner to take over at Pimco.
Bill Gross, the 'Bond King', jumps from Pimco to JanusBill Gross, one of the bond market's most renowned investors, is leaving the investment firm he founded and with which his name has been effectively synonymous, for rival firm Janus Capital Group. The announcement comes days after news broke that US regulators were investigating聽Pimco聽and Gross.
Why the US dollar is at a four-year highThe US聽dollar聽is on track for its 11th successive weekly rise, something it has not achieved in four decades.聽The聽dollar聽has been driven higher by the divergent monetary policy outlooks between a rate-hike-contemplating Fed and an ECB and Bank of Japan聽that are mulling further stimulus.
Apple takes a bite out of the market, but dollar hits four-year highThe S&P 500 index dropped 1.6 percent to close at 1,966. The聽Dow聽slumped 1.5 percent to close at 16,946. The Nasdaq composite, which is dominated by tech stocks, plunged 1.9 percent to 4,467. It was the worst day for all three indexes since July 31.
Navajo Nation wins record-setting $554 million from US governmentThe Navajo Nation is poised receive $554 million for mismanagement of tribal resources, in the largest settlement of its kind for a single Native American tribe.
Apple iOS issues help to push markets downA software upgrade for the computer giant caused problems for iPhone users, and subsequently investors on Wall Street Thursday.
Dow plunges 200 points, dragged down by Apple and tech stocksThe聽Dow Jones industrial average is down 200 points Thursday morning as technology companies are lead a broad decline in US stocks.聽The Dow was down 208 points, or 1.2 percent, to 17,002 as of 10:50 a.m. Eastern time Thursday, wiping out a 154 point gain from the day before.
Jobless claims rise 12K, but it's good news for the labor marketJobless claims rose less than聽expected last week, suggesting an acceleration in job growth in聽September. Jobless claims 聽increased聽12,000 to a seasonally adjusted 293,000 for the week ended Sept.聽20, the Labor Department said on Thursday.聽
Jimmy John's hacked at 216 restaurants in 40 statesJimmy John's said there was a potential security聽breach involving customers' credit and debit card data at 216 of its stores and franchised locations on July 30. Jimmy John's 聽is the latest victim in a series of security breaches among retailers such as Target,聽Michaels, and Neiman Marcus.聽
SEC probes whether PIMCO ETF inflated bonds' valueFederal investigators are looking at how PIMCO's flagship exchange traded fund, PIMCO Total Return, bought some bonds at discounted prices then valued them differently, according to a Wall Street Journal report.聽
Dr. Dre not a billionaire, but still the richest rapperDr. Dre jumped to the top of Forbes'聽Hip-Hop Cash Kings list after Apple bought Beats for $3 billion. But a hefty tax bill means Dr. Dre isn't a billionaire just yet.聽
Silver prices hit 4-year low as US dollar soarsSilver prices and other commodities face pressure from a meteoric rise in the value of the US dollar.聽Silver prices聽hit $17.30 an ounce, their lowest since June 2010.
Jimmy Choo announces London IPO. Do shoes make good stocks?Jimmy聽Choo聽has announced its intention to float its shares in London next month as part of an expansion drive, particularly in China. Jimmy Choo聽said Tuesday it plans to list at least a quarter of its shares on the London Stock Exchange in October.
UPS will offer 3-D printing in 100 storesUPS聽says it will put 3-D printers in nearly 100 more聽stores聽as it seeks to lure small businesses.聽UPS聽hopes to convince consumers that it would be easier to use a 3-D printer at one of its聽stores聽than to buy and set up a machine at home.
iPhone 6 frenzy: Apple sells record 10M new iPhones in 3 daysApple sold a record 10 million iPhone 6 phones in the first weekend after its new, larger models went on sale in 10 countries Friday. The iPhone聽6 and iPhone聽6 Plus drew more than 4 million pre-orders last week.聽
