All Latest News Wires
Why the Rockefellers, oil heirs, are divesting from fossil fuelsThe Rockefellers, who made their vast fortune on oil, will join with other philanthropies聽to divest a total of $50 billion from fossil fuel investments. Stephen Heintz,聽an heir of Standard Oil tycoon John D.Rockefeller, said the move to divest away from fossil fuels would be in line with his wishes.- Chrysler recall: Should other models be included?Chrysler issued a recall on the 2011 Jeep Grand Cherokee and Dodge Durango. But The Center for Auto Safety says more than 5 million other Chrysler vehicles have the same defective fuel pump.
Alibaba shares surge 46 percent in historic debutAlibaba聽shares surged by more than 40 percent in their first day of trading on Friday as investors jumped in to buy what looks likely to be the largest IPO in history.聽More than two hours after trading began, Alibaba stock opened at $92.70 and rose from there, hitting a high of $99.70.
Home Depot data breach was bigger than Target's. Were you affected?Home聽Depot聽said Thursday that a data breach that lasted for months at its stores in the U.S. and Canada affected 56 million debit and credit cards, far more than a pre-Christmas 2013 attack on Target customers. Home Depot said the breach took place between April and September.聽
Larry Ellison steps down as Oracle CEO, after 37 years at the helmOracle聽co-founder Larry Ellison is stepping aside as CEO of the business software maker,聽the changing of the guard was announced Thursday.
'This is the end' for Sears, analyst saysSears should liquidate, according to a growing chorus of retail analysts including Gary Balter from Credit Suisse. Sears shares have fallen 40 percent in value since last year.聽
Jobless claims fall sharply; August numbers revisedThe job market got two good bits of news today: jobless claims dropped sharply last week, and August's disappointing jobs report was revised upward by 7,000 jobs added. 聽Both are signs聽that the job market is strengthening.
Housing starts plunge in August. Weak wages to blame?US 聽housing starts plunged in August, led by steep decline in the pace of building apartments. Housing starts is a volatile measure; the August decline follows a surge of housing starts in July.聽
Walmart faked 'sugar tax' on NY soda sales; fined $66KWalmart will pay $66,000 to settle a false advertising case in New York after consumers were falsely told the state had a 'sugar tax' on Coca-Cola. Investigators say Walmart sold 66,000 12-packs of Coca-Cola at an inflated price. 聽
US consumer prices drop 0.2 percent in August, as gasoline prices fallConsumer prices edged down 0.2 percent last month following a tiny 0.1 percent gain in July, the Labor Department reported Wednesday.聽With the recent decline in gasoline prices will consumer spending improve?
Boston casino license awarded to $1.6B Wynn resortThe Massachusetts Gaming Commission voted 3-to-1 Tuesday to award the license to the Las Vegas聽casino聽giant, which wants to turn a heavily polluted, former chemical plant site on the Mystic River waterfront in Everett into a gleaming resort聽casino.
After new sanctions, Russian ruble drops to historic low against US dollarThe United States and the European Union last week imposed a new round of sanctions against聽Russia聽for its actions in Ukraine that consisted in, among other things, blocking off Western financial markets to key Russian companies.
Shut out of Alibaba IPO? 4 tech stocks to consider instead.Alibaba fever has investors trimming their tech stock portfolios just to get in on the Chinese tech giant's hotly anticipated US IPO.聽And as the frenzy to buy Alibaba聽drives other companies lower, CNBC analyst Jim Cramer suggests taking advantage of the bargains.- Trump Plaza shuttered: Why another (that's four now) Atlantic City casino closedTrump Plaza Hotel & Casino closed Tuesday 鈥� the fourth Atlantic City casino to be shuttered this year. About 8,000 casino workers have lost their jobs in Atlantic City. Could another Trump casino close in November?
- Is Alibaba a good investment? What China's stock market revealsAlibaba may prove the biggest initial public stock offering ever. But Alibaba may not be a good investment, if history is any guide.
Microsoft to buy 'Minecraft' maker for $2.5 billionThe computer software giant has agreed to purchase the Swedish company, Mojang, allowing Microsoft to strengthen its place in the video game world.
Yahoo: Gov't threatened $250K-a-day fines to get our user dataYahoo says the government demanded they surrender online information for government surveillance purposes. Yahoo fought the demands in court, calling the request a violation of Fourth Amendment freedoms.
Fashion district raid finds $100 million of laundered Mexican cartel ransom moneyFashion district raid: US agents raided dozens of shops in LA's fashion district, looking for money laundering done for Mexican drug cartels.聽
Is RadioShack going to file for bankruptcy?RadioShack聽says it may need more capital to help complete its turnaround efforts. RadioShack's CEO said the retailer's future could involve聽debt restructuring, consolidating stores and other measures to help lower costs.
Dollar General goes hostile in its bid to buy Family DollarDollar General is moving aggressively to purchase its discount retail rival, trying to outmaneuver Dollar Tree.聽Shares of Family Dollar jumped 5 percent before the opening bell Wednesday and appeared headed for an all-time high.
