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Japan suffers worst economic slump since 2011 'quakeJapan's economy likely contracted at a 7.1 percent annual rate from the previous three months as a sales-tax hike battered consumption. The poor economic performance for Japan may increase pressure on Prime Minister Shinzo Abe's administration to step up stimulus measures.聽
Steve Ballmer owns the Los Angeles Clippers, officiallySteve Ballmer is now officially the owner of the Los Angeles Clippers. Steve Ballmer won the bidding to buy the Clippers in late May for $2 billion, but legal issues between former owner Donald Sterling and his wife Shelly Sterling kept the sale from being finalized.
Lack of German confidence sends stocks and euro down; US markets hold steadyGerman investors have lost confidence in the market due to crisis in Ukraine. The news sent European stocks and the euro tanking. Even with the news, US markets are holding steady.
US Postal Service charges more, carries more mail 鈥� still loses $2 billionThe $2B loss for the spring quarter was almost three times higher than the loss for the same period last year. The agency blamed increases in compensation and benefit costs.
CFPB warning: Bitcoin a 'Wild West' for investorsCFPB warning: The Consumer Financial Protection Bureau announced Monday that it will begin fielding complaints from bitcoin users. CFPB also issued an advisory warning about the risks of bitcoin use.
San Diego Comic-Con sues Utah convention over 'confusing' nameSan Diego Comic-Con's聽lawsuit, which was filed Thursday in U.S. District Court in Southern California, says the use of "comic con" in Salt Lake Comic Con's name constitutes federal trademark infringement.
Ebola outbreak is not an investing opportunityAs the Ebola outbreak in West Africa worsens, stocks for pharmaceutical companies working on treatments are being batted around Wall Street as potentially hot properties. But trading Ebola stocks is a bad idea.聽
GM recalls 189,000 SUVs for fire riskIn a tough 2014 for the automaker, General Motors says the SUVs in question are from the 2006 and 2007 model years.
McDonald's US sales fall for third straight month as eating habits shiftMcDonald's says a key sales figure dropped 2.5 percent in July due to continuing weakness in the US and an expired meat scandal in Asia that rocked the continent's fast food market.聽聽A TV report last month showed workers a McDonald's supplier repacking expired meat, and many restaurants iwere left without beef and chicken supplies as a result.
US stocks stay strong as Iraq, Ukraine jitters send world stocks tumblingIraq and Gaza made the world financial markets nervous Friday, though Chinese stocks rose after surprisingly strong growth in exports.聽聽Investors fretted about Russia's decision to retaliate against sanctions with a ban on food imports from the West. Meanwhile, President Barack Obama authorized US聽airstrikes in northern Iraq.
Malaysia Airlines to become state-owned in 'complete overhaul'Malaysia's state investment company said Friday it wants to remove struggling Malaysia Airlines from the stock exchange, making it fully state-owned before beginning a far-reaching overhaul of its business.
Dale Earnhardt Jr. and IndyCar lose National Guard sponsorshipDale Earnhardt Jr. will lose his $32 million sponsorship deal from the National Guard at the end of this year, along with IndyCar driver Graham Rahal. The National Guard is withdrawing the deals for Dale Earnhardt Jr. and IndyCar amid increased budgetary scrutiny.聽
Wealth inequality is slowing economic growth, S&P study findsThe wealth聽gap has complicated the US rebound from the Great Recession, economists have long argued.聽Now, an analysis by the rating agency Standard & Poor's lends its weight to the argument: The widening gap between the richest Americans and everyone else has made the economy more prone to boom-bust cycles and slowed the recovery from the recession.
Time Warner (TWX) earnings soar, stocks plungeTime Warner (TWX) earnings blew past Wall Street's expectations after it revealed earlier this week that it had rejected 21st Century Fox's unsolicited $76 billion buyout offer.聽21st Century Fox head Rupert聽Murdoch had envisioned creating a movie-and-television powerhouse by devouring Time聽Warner.
Target (TGT) stock tumbles; data breach will cost $148 millionTarget (TGT) lowered its second-quarter forecast Tuesday, saying it expects expenses tied to a massive data breach this past winter to come to $148 million.聽Target has been reeling since it announced in December that hackers stole millions of customers' credit- and debit-card records.
New Mexico: Food stamp recipients must work 20 hours per weekNew Mexico wants to restore regulations that would require childless adults to work at least 20 hours a week to qualify for food stamps. The New Mexico food stamp work requirement was suspended in 2009 because of the national recession.聽
LinkedIn to pay nearly $6 million over wage law violationLinkedIn Corp has agreed to nearly $6 million to more than 350 current and former workers in overtime wages and damages. LinkedIn was found to have violated US wage law, after the US Department of Labor launched an investigation.聽
General Motors Financial receives subpoena over subprime auto loansGeneral Motors' auto financing arm has received a subpoena from the Department of Justice. The US government is investigating General Motors Financial Co. over subprime auto loans that it made and securitized since 2007.
P.F. Chang's data breach hits 33 restaurants in 16 statesP.F.聽Chang's聽is providing more details on its ongoing investigation into a security breach first reported in June. The list of P.F. Chang's restaurant locations where customers' credit and debit card data may have been stolen includes 33 locations across the United States.聽
Banco Espirito Santo bailout raises questions, boosts US stocksPortugal's Banco Espirito Santo was saved from collapse by a 4.9 billion euro bailout Sunday. The 聽Banco Espirito Santo bailout drama in Portugal raised questions from investors, but US stocks are on the rise Monday morning.聽
