All Latest News Wires
Uber picks David Plouffe, former Obama advisor, to take it globalDavid Plouffe, who engineered Barack Obama's first presidential campaign, has been tapped by Uber. Plouffe, who left the White House in early 2013, will help devise and run Uber's聽聽global political and branding strategy as it聽runs into stiff resistance from taxi companies in some cities.
Home Depot profits soar as weather, housing market improveHome Depot (HD) net income increased 14 percent in the second quarter thanks to a rebound in its spring selling season. While the season started off a bit cold and rainy for Home Depot, weather improved and shoppers headed out to stores to pick up supplies later in the spring.
Community Health Systems hacked; over 4 million patient files breachedCommunity Health Systems, a large hospital operator, said a cyberattack took information on more than 4 million patient files from its computer network earlier this year. Community Health Systems said Monday that no medical or credit card records were taken in the attack.
Google's IPO launched a decade of big betsGoogle went public 10 years ago this week. Here a look at how Google went public and where it has come in the last decade.
Cost of raising a child born in 2013 tops $245K. Where is it cheapest?A聽child聽born in 2013 will聽cost聽a middle-income American family an average of $245,340 until he or she becomes an adult, according to an annual report released today by the USDA. The lowest child-raising costs were found in the urban South and rural areas, while couples in the urban Northeast had the highest childcare costs. 聽
Dollar General makes move for Family Dollar, starts a bidding warDollar General is offering about $9.7 billion for Family Dollar, trumping an earlier bid from Dollar Tree and creating a dollar store bidding war.聽Dollar聽General said that its offer would create a business with almost 20,000 stores in 46 states and sales of more than $28 billion.
Market Basket driver arrested after threatening strikersMarket Basket workers were picketing supermarket chain for firing CEO known for putting workers first. Temporary Market Basket driver waved his hammer at picketers, but no one was injured.
SeaWorld killer whale habitats will get upgrade, company saysSeaWorld killer whale habitats will have major changes made to them, the company said Friday. The changes to the SeaWorld killer whale habitats come in the wake of disappointing earnings and controversy for the theme park company.聽
Could Alibaba's film unit accounting issues hurt US IPO?Alibaba's recently acquired film unit said Friday that a review has uncovered possible accounting irregularities. The news comes as Alibaba聽readies for what's expected to be a mammoth initial public offering in New York next month.
Supervalu investigates potential data breach affecting 180 stores in five statesSupervalu, the supermarket chain, is investigating a potential data breach that may have compromised customer data at 180 stores in as many as five states. The news makes Supervalu the latest of many major US retailers this year to face a major data breach.聽
How much jail time do white-collar criminals deserve?The US Sentencing Commission will evaluate the fairness of sentences for economic crimes like fraud, the commission said. Critics say the current structure punishes bit players with harsh sentences.
MLB commissioner elected: Rob Manfred beats Red Sox's Tom WernerMLB commissioner: Rob Manfred was elected baseball's 10th commissioner on Thursday, winning a three-man competition to succeed Bud Selig.
Berkshire Hathaway stock passes $200k. How did Warren Buffett do it?Warren Buffett's company, Berkshire Hathaway, saw share prices for its Class A stock cross $200,000 for the first time Thursday. Warren Buffett has avoided stock splitting maneuvers that would make Berkshire Hathaway stock cheaper.聽
Uber under fire in Berlin, taxi drivers hail banIn a decree Wednesday,聽Berlin聽authorities said they wouldn't tolerate Uber putting customers at risk by allowing them to ride in cars that hadn't been checked, and with drivers who weren't vetted or properly insured.
Powerball winner in Colorado claims state's largest prize everPowerball winner from a small Colorado city claimed a $90 million jackpot. The prize is the largest ever that the state has awarded to a Powerball winner.聽
Burger King flop: Chain axes low-calorie 'Satisfries' after one yearBurger King is getting rid of its lower-calorie French fries, 'Satisfries,' after less than a year.聽Satisfries were a big bet for Burger King when they were announced in September. But they weren't as well received as Burger King had hoped.
Wal-Mart cuts profit outlook again as customers dwindleWal-Mart cut its annual profit outlook Thursday as it faced another quarter of sluggish sales and traffic declines. Wal-Mart聽is facing challenges from a slowly recovering economy and fierce competition from the likes of online king Amazon.com, dollar chains and grocers.聽
Cisco to cut up to 6,000 jobs starting this fallFacing flat revenues and tough competition, network equipmentmaker Cisco says it will lay off up to 8 percent of its workforce. The restructuring will cost Cisco up to $700 million.
Amazon Local Register app to compete with Square and PayPalAmazon unveiled a new mobile payment app called Amazon Local Register to undercut current mobile payment systems like Square and PayPal. In launching Amazon Local Reguster, is the comapny adding Square and PayPal to its ever-growing list of enemies?
Uber drivers accused of booking, then canceling competitors' ridesUber is plenty controversial, known for tactics like operating in municipalities despite bans and provoking revolts among established cab companies. Now rival service Lyft is accusing Uber of using聽dirty tricks in order to steal business from competitors.
