All Latest News Wires
Boeing Dreamliner problems continue, flight diverted after antenna snafuBoeing Dreamliner:聽The plane was traveling from Toronto to Poland when it was diverted to Reykjavik, about 1,700 miles short of its destination.
Stocks fall as government shutdown settles inStocks ended lower Wednesday as traders fretted over the possibility of a protracted government shutdown. Wall Street made it clear on that the longer the government shutdown drags on, the more its bankers worry about significant damage to the economy.
Paramount layoff: Why five percent of studio employees were firedParamount layoff will hit 110 employees across six departments, according to a memo sent to Paramount employees. Paramount had a similar sized layoff last fall.
ADP: Private jobs numbers miss the markThe economy added 166,000 jobs in September, coming in well below estimates, according to ADP's monthly jobs report. The ADP numbers carry more weight this month, since the聽聽government shutdown is likely to prevent the BLS from releasing the nonfarm payrolls count Friday.
Merck job cuts rise by 8,500 to 16,000Merck job cuts mean the drugmaker is slashing about 20 percent of its workforce. 8,500 jobs will be added to the 7,500 Merck job cuts already announced, bringing the total to 16,000.
Stocks rise despite government shutdownStocks closed modestly higher Tuesday with investors staying calm amid the beginning of a government shutdown. It聽suggests that, at least for now, they aren't anticipating enough disruption in the economy to threaten a gradual US recovery and a four-year bull run in stocks.
Boeing Dreamliner: After unexpected landing, Boeing makes changesBoeing Dreamliner: 'Every plane ... has issues as we go through the maturation process. The 787 (Dreamliner) has been no exception to that,' says Boeing official.
Stocks fall as government shutdown loomsStocks fell on Wall Street Monday as investors worried a budget standoff in Washington could lead to a failure to raise the nation's borrowing limit.聽Investors pulled back from stocks on the threat of a partial government shutdown.
Lumber Liquidators: Raid by feds sinks stockLumber Liquidators stock falls 5 percent after it discloses that federal authorities raided its corporate offices because of questions about imports of wood-flooring products. Lumber Liquidators has more than 300 hardwood-flooring stores in North America.
Rosie the Riveter factory gets reprieveRosie the Riveter once worked in Michigan factory that a museum founder wants to preserve. The deadline to save the Rosie the Riveter factory has been pushed back from Oct. 1 to Nov. 1.
Stocks fall on government shutdown fearsStocks closed down on Wall Street Friday for the sixth day out of the last seven. The risk of a government shutdown next week weighed on stocks.聽
Barilla pasta chairman's anti-gay comments spur boycottBarilla pasta chairman Guido Barilla聽聽prompted calls for a consumer boycott on Thursday after telling Italian radio his company would never use a gay family in its advertising. Barilla pasta, one of Italy's biggest advertisers, quickly issued an apology.聽
JPMorgan seeks to quell probes with settlementThe bank's CEO, Jamie Dimon met with officials at the Justice Department on Thursday as the institution considers a $11 billion payout to settle legal challenges. A resolution may be near, say sources.聽
Bernie Madoff ponzi scheme: NYC accountant is arrested in fraud chargesBernie Madoff's聽former聽accountant,聽Paul Konigsberg,聽was arrested Thursday on charges he helped Madoff maintain his historic fraud聽with false bookkeeping meant to deceive some of the wealthiest victims.聽Konigsberg pleaded not guilty at an arraignment to charges.
Wall Street snaps losing streakWall Street responded well to dropping unemployment claims and encouraging retail news.聽The positive trends outweighed Wall Street worries about a potential government shutdown in Washington next week.
Stamps increase proposal to face Senate scrutinyStamps increase:聽Postmaster General Patrick Donahoe's appearance Thursday before the Senate Homeland Security and Governmental Affairs Committee comes one day after the post office said it wanted to raise the price of a first-class聽stamp聽by 3 cents.
Possible JPMorgan settlement: Painful, but manageableThe bank, which weathered the financial crisis relatively well, may be facing an $11 billion settlement, sources say. Several recent missteps, including the London whale debacle, have drawn regulatory scrutiny.聽
Stocks drop on Wal-Mart, Washington fearsStocks fell on Wall Street for a fifth straight day Wednesday. Worries about the economy and a report that Wal-Mart is cutting orders with suppliers weighed on stocks.
Postal Service rate hike could mean 49-cent stampsPostal Service rate could be going up again as the agency fights to curb its monetary woes. The proposed Postal Service rate would increase 3 cents to 49 cents for a first class stamp.
F-35 fighter jet: Why orders are up worldwideF-35 fighter jet orders are picking up. Lockheed Martin expects more F-35 stealth fighter jet orders from Norway, Britain and Turkey by year end. South Korea is also interested. Singapore placed an order for a dozen F-35 jets in February.
