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Samsung stumbles due to low China sales. Time for a change in strategy?The low result highlights how dependent the company has become on smartphones for its earnings. Sales growth in high-end Android devices has waned after several years of rapid expansion.
Crumbs closing stores after NASDAQ delistingThe cupcake-making bakery had seen a drop in business, especially in the first quarter of 2014.
How GM's ignition switch redesign went wrongWhen drivers complained that it was too hard to turn their keys, GM made the switches looser 鈥� too loose, allowing them to slip from 'run' back to 'accessory' and cutting off engine control,聽a GM switch engineer testified in 2013
Dow tops 17,000, sets record on strong jobs reportDow hits first 1,000-point milestone of the year while S&P closes in on 2,000. Positive signs from jobs and manufacturing boost the outlook for stocks.
Despite hurricane Arthur, July 4 spending will stay strongHurricane Arthur won't deter Americans from celebrating Independence Day. In fact, the average $6.2 billion Americans spend during Independence Day weekend could go up if people move inside to celebrate.
Graco buckle recall: Find out if your car seat is among 1.9 million recalledThe聽recall, announced Tuesday, comes after a five-month spat between聽Graco聽and the National Highway Traffic Safety Administration.
Janet Yellen: Fed doesn't need to start raising interest ratesFederal Reserve Chair Janet Yellen said while there are 'pockets' of increased risk-taking, there isn't a need for the Fed to start raising interest rates. Yellen disputed criticism that the Fed had contributed to the 2008 financial crisis by keeping rates too low in the 2000s.- Anthony Noto: Twitter names a new CFO. Who is he?Anthony Noto, Twitter's new CFO, was previously a managing director at Goldman Sachs, where he led Twitter's IPO process. Before that, he served as CFO of the National Football League.
FTC: T-Mobile knowingly bilked customers for millions with bogus chargesFTC T-Mobile:聽In its complaint filed in a federal court in Seattle, the Federal Trade Commission claimed that聽T-Mobile聽billed consumers for subscriptions to premium text services such as $10-per-month horoscopes that were never authorized by the account holder.聽
BNP Paribas fine: French bank pleads guilty, agrees to pay $9 billion fineBNP Paribas, France鈥檚 largest bank,聽pleaded guilty Monday admitted to violating US trade sanctions by processing billions of dollars in illegal transactions on behalf of clients in Sudan, Cuba and Iran.
Jerry Brown signs law legalizing bitcoin in CaliforniaJerry Brown on Saturday signed into law a bill that clears away possible state-level obstacles to alternative currencies such as聽bitcoin. The legislation repeals what backers said was an outdated California聽law prohibiting commerce using anything but US currency.
Aereo suspends its TV-over-the-Net serviceAereo temporarily closes down after unfavorable high court ruling, saying it needs to map out next steps. The court ruled Aereo operates like a cable TV company and, thus, was violating copyright law.
US consumer confidence ticks up with steady job growthUS consumer confidence slightly rose in June to an index of 82.5, but it remains the year's highest reading of 84.1 in April. Consumer spending barely changed, increasing by 0.2 percent in May.
Obamacare's 95 percent solution: automatic reenrollmentObamacare has a big head start in improving enrollment in 2015. An estimated 95 percent of people signed up for Obamacare through the federal health exchange will be automatically reenrolled with the same tax subsidies.
GoPro stock hits Wall Street, company valued at $3 billionGoPro stock聽will begin trading on the Nasdaq聽stock聽market Thursday under ticker symbol 'GPRO.'
New York sues Barclays for deceiving investors over high-frequency tradingNew York state sued聽British banking firm聽Barclays聽PLC Wednesday, alleging it聽misled clients by falsely telling them it was taking measures to protect them from predatory high-frequency traders. The complaint called Barclays' actions, 'a flagrant pattern of fraud.'
Supreme Court blocks Aereo from using broadcast TV signals without payingAs they do with cable providers, the major television networks can charge the startup company for taking their signals out of the air and allow the public to view network programs on smartphones and tablets.
Victoria Wilcher will get KFC donation despite possible hoaxKFC found no evidence that an employee asked Victoria Wilcher and her family to leave a Mississippi restaurant because聽injuries she suffered in a pit bull mauling disturbed customers. KFC聽said it will honor its commitment to donate $30,000 to help with medical bills for Victoria Wilcher.
Conan O'Brien pays back taxes, saves home after 'mix up'Conan O'Brien pain $8,000 in back taxes last week, saving his Rhode Island home from auction. Conan O'Brien's publicist issued a statement saying the comedian and talk show host had been unaware that he owed back taxes.聽
New home sales, US consumer confidence jump to six-year highNew home sales and US consumer confidence both reached their highest levels in six years. New home sales increased by 18.6 percent to a seasonally adjusted annual rate of 504,000 units, while consumer confidence rose to 85.2.
