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Dollar Tree, Family Dollar join forces in $8.5 billion dealDollar聽Tree is buying rival discount store聽Family聽Dollar聽in a cash-and-stock deal valued at about $8.5 billion.聽Dollar聽Tree, which said on Monday its offer had been approved by聽Family聽Dollar's board, will have about 13,000 stores across the聽United States聽and聽Canada聽once the deal closes.- Why Tyson Foods is closing three plants, employing 950 workersTyson Foods plans to close three factories, one in Iowa, one in New York, and one in New Mexico. Tyson Foods employs some 115,000 people worldwide.
British Sky Broadcasting deal may revive Fox's attempt to buy Timer WarnerBritish Sky Broadcasting has agreed to take control of its Italian and German sister companies from Rupert Murdoch's 21st Century Fox. The British Sky Broadcasting deal gives Rupert Murdoch and 21st Century Fox enough cash to possibly buy Time Warner.聽
Mutual funds face new SEC regulations, falling assetsMutual funds in the US fell $2.18 billion to $2.56 trillion for the week.聽Meanwhile, regulators have voted by a narrow margin to end a longtime staple of the investment industry 鈥� the fixed $1 share price for money-market聽mutual聽funds聽鈥� at least for some money聽funds聽used by big investors.
Feds announce maximum penalties for not buying health insuranceThe penalty for not buying health insurance by March 31, 2014 was $95 per adult or 1 percent of your income. The tax penalty for 2014 increases to $325 or 2 percent, whichever is higher. On Thursday, officials announced an addendum: 2 percent of your income up to聽$2,448 per person and $12,240 for a family of five.
Morgan Stanley agrees to pay $275 million for mortgage bond settlementMorgan Stanley has agreed to pay $275 million to settle a case alleging that Morgan Stanley misled investors about risky mortgage bonds it sold prior to the 2008 financial crisis.聽Morgan聽Stanley聽neither admitted nor denied the allegations
General Motors profits fall 85 percent on recall costsGeneral Motors, which is in the midst of the largest spate of recalls in its history, posted a net聽profit聽of $190 million, or 11 cents per share.聽
Facebook stock (FB) soars on earnings report. Could it break a record?Facebook stock (FB) jumped in extended trading Wednesday after its second quarter earnings report blew past expectations. Facebook stock climbed nearly 4 percent in extended trading after the results came out, signaling that it could hit a record high when the聽stock聽market opens on Thursday.
General Motors issues recalls for 718,000 vehiclesGeneral Motors issued six recalls on Wednesday for 718,000 cars and trucks. General Motors' latest round of recalls brings the annual total to 60 recalls covering nearly 30 million vehicles.聽
Listeria scare and fruit recall expand to Ralph's, Food 4 LessListeria contaminated fruit from Wawona Packing Co. may have been shipped to Costco, Trader Joe's, Ralph's, and Food 4 Less.聽Wawona Packing Co聽is recalling fresh Sweet 2 Eat brand peaches, plums, nectarines and pluots because of potential contamination by listeria contamination, the FDA says.聽
IMF says US economic growth to be weakest since recessionThe International Monetary Fund says the US's economy will grow at its weakest pace since the Great Recession ended. The lag in growth stems from temporary factors like harsh weather conditions, the IMF says, but it sees US economic growth to be stronger for the rest of 2014.
Detroit pension cuts face pushback from bond insurersDetroit pension cuts as part of a city bankruptcy plan were approved by city retirees, but the plan is facing major resistance from companies that insure Detorit bonds and stand to lose millions. The Detroit pension cuts were approved after 60 days of voting.聽
Boeing's profits increased by 52 percentBoeing says its net income increased to $1.65 billion in the second quarter, up by 52 percent from $1.09 billion in the same quarter a year ago. Boeing says revenue also increased 1.1 percent to $22.05 billion, slightly less than what analysts had expected.
Goodwill, feds investigate possible bank card hacking scamGoodwill Industries is cooperating with federal authorities in investigating a possible theft of payment card numbers from some US stores.聽Goodwill聽said it is working with credit card makers, the Secret Service and fraud investigators to figure out if a breach occurred.
Soda tax advances to November ballot in San FranciscoIf two-thirds of San Francisco voters approve the measure, the city will become the first with per-ounce taxes on sugary drinks like soda.聽
Atlantic City casino heist nets $181K; suspects at largeAtlantic City casino heist Monday morning had robbers make off with more than $181,000. Police are still looking for suspects in the Atlantic City casino heist.
Trader Joe's recall: Listeria prompts nationwide fruit recall at Costco, Trader Joe'sTrader Joe's recall: A California company recalled fresh peaches, plums, nectarines, and pluots that it shipped to retailers including Costco and Trader Joe's in June and July.
Court rules no Obamacare tax subsidies in 36 statesThe US Court聽of Appeals for the District of Columbia Circuit ruled that people who bought health insurance from the federal insurance marketplace aren't eligible for tax subsidies in 36 states. The court ruling deals a big setback for President Barack Obama's health care law.- A gift for someone who has everything? Aladdin, Wyoming is for sale.A tiny town in far northeastern Wyoming named Aladdin is up聽for sale. Just $1.5 million gets you 30 acres and 15 buildings, including a 118-year-old general store that's still operating.
Robert Downey Jr. is the highest-earning actor. Who's runner up?Robert Downey Jr., star of the interlinked 'Iron Man' and 'Avengers' film franchises,聽is Hollywood's highest paid actor for the second consecutive year, with estimated earnings of $75 million.
