All Latest News Wires
Hostile takeover? Safeway tries 'poison pill' defense.Hostile takeover of Safeway could be in the offing with activist hedge fund Jana Partners taking a 6.2 percent stake in the grocery chain. To counter a hostile takeover, Safeway announced a 'poison pill' plan, which would allow existing shareholders to buy more shares at a discount.
Asian markets quiet; Fed taper expected to be modestThe Federal Reserve is expected to launch only a modest scaling back of stimulus on Wednesday, with all assets vulnerable to any hint of hawkishness from the world's most powerful central bank.
Larger version of Boeing's Dreamliner makes its first flightBoeing's new 787 had its first flight on Tuesday. About 41 percent of Boeing's unfilled orders鈥� about 388 planes鈥揳re for the 787-9.
Stocks rise as Federal Reserve convenesStocks rose on Wall Street Tuesday as investors shrugged off worries over the Federal Reserve's $85 billion monthly bond-buying program. Technology stocks led gains in the聽Standard & Poor's 500 index.
Why Obama can't (and shouldn't) close the income gapPresident Obama's recent comments about income inequality have reignited the debate over whether the government can help reduce it. But even if the government can take on income inequality, should it?聽
JPMorgan will likely settle London Whale investigations for about $700 millionJP Morgan will pay about $700 million to settle a civil law investigation into the company's London Whale derivative loss, according to a source familiar with the matter
Stocks surge after Larry Summers exits Federal Reserve raceStocks rose Monday after Larry Summers withdrew his name from consideration聽to replace Federal Reserve chairman Ben Bernanke.聽Stocks were also helped by news that US factory output rose 0.7 percent in August, the most in eight months.
Summers won't be Fed chair. Get ready for the market rally.Larry Summers, the presumed frontrunner to replace Ben Bernanke as Federal Reserve chairman, has withdrawn his name from consideration. So far, the financial markets seem thrilled 鈥� Dow futures jumped more than 160 points on the news Monday.聽- $10 minimum wage in California. Right timing?$10 minimum wage: California legislature passes law for $10 minimum wage by 2016. Currently, the California minimum wage is $8 an hour. Washington state pays $9.19 per hour.
NPR buyouts offered to close $6.1 million deficitNPR buyouts 鈥� while voluntary 鈥� aim to trim the staff by 10 percent. In addition to NPR buyouts, the public radio organization announced a new acting CEO while it searches for a permanent replacement.
Piggly Wiggly stores sold: 29 go to Bi-Lo, Harris TeeterPiggly Wiggly stores sold by big franchisee in South Carolina and Georgia. Eleven of the Piggly Wiggly stores sold are in Charleston, S.C., the franchisee's headquarters.
Social Security overpayments reach $1.3 billionSocial Security overpayments were disability payments to people supposedly unable to work but had jobs anyway, according to congressional report. Officials say they will recoup any Social Security overpayments.
Stocks rise. Dow Jones has best week since January.Stocks closed up to end the week Friday with the Dow Jones industrial average notching its best week since January. Two economic reports boosted stocks to close the week.
Chrysler buyout? Fiat no closer on deal to Chrysler stake.Chrysler buyout?聽Fiat's CEO told reporters that talks were continuing with a United Auto Workers health care trust, which owns 41.5 percent of聽Chrysler.
Twitter IPO announced. What will it be worth?Twitter announced last night in a tweet (how else?) that it has confidentially filed IPO plans with the SEC. Twitter has been valued at around $10 billion, and the IPO will be Silicon Valley's most anticipated since Facebook.聽
Stocks break 7-day rallyStocks closed slightly lower on Wall Street Thursday, breaking its longest rally since July. Developments in Syria continue to impact stocks.聽
Dehumidifier recall: Units linked to 46 fires, $2 million in damageDehumidifier recall involves more than 2 million units made by Gree Electric Appliances under the brand names Frigidaire, Kenmore, and others. No injuries have been reported in the incidents that triggered the dehumidifier recall.聽
Best Buy CEO is dumping stock to pay for his divorceBest Buy CEO聽Hubert Joly is selling $10 million of stock in his company, but experts predict Best Buy's stock will continue to rise in price. So why is the Best Buy CEO selling now? It's personal.
Stocks rise. Apple (AAPL) hurt by iPhone disappointment.Stocks closed higher Wednesday after investors shrugged of the risk of conflict with Syria.聽Disappointment over Apple's (AAPL) new iPhone lineup dragged down tech stocks.聽
Jumbo mortgage rush: Why the rich are buyingThe rest of America is slowing down its mortgage buying, but the wealthy are going on a borrowing binge.
