All Latest News Wires
Cisco layoffs: Uncertain demand drives job cutsCisco layoffs: The company continues to trim jobs and consumer businesses to reduce costs. With the Cisco layoffs, the company is now focused on increasing sales of software and equipment to datacenters.
Stocks fall on poor earnings from Macy'sStocks slumped on Wall Street Wednesday after a weak earnings report from Macy's cast doubt on the outlook for consumer spending.聽Other department store stocks also fell after Macy's reported disappointing earnings for the second quarter and cut its forecast for the year.
Cheap airfares? Stopping US Airways-American merger won't bring them back.Cheap airfares have disappeared as the airline industry has consolidated. The Justice Department is trying to prevent higher airfares by blocking the consolidation of American and US Airways. But that won't bring back cheap airfares.
Coke aspartame: Coca-Cola defends sweetener in new adCoca-Cola will run ads defending the safety of artificial sweeteners like aspartame starting Wednesday in an effort to curb declining diet soda sales. Coke will run the first print ad in today's USA Today in the Atlanta area.聽- UPS plane crash near Birmingham, pilots killedUPS plane crash: A UPS cargo plane crashed in a field Wednesday morning, killing the two pilots on board, says Birmingham mayor.
Boy finds diamond? Vacationing boy finds a 5-carat diamondBoy finds diamond: A 12-year-old boy found a jelly-bean sized, honey-brown diamond at Crater of Diamonds, a diamond-hunting destination where more than 75,000聽sparklers have been found, including one over 40 carats.
Heinz layoffs affect 600 workers in US, CanadaHeinz layoffs announced in wake of review of operations. Heinz layoffs represent nearly a tenth of the food company's North American workforce.
Hindenburg Omen: Time to sell your stocks?Hindenburg Omen 鈥� a sell signal 鈥� has flashed several times in the stock market in the past few weeks. But the Hindenburg Omen isn't always accurate.聽
Stocks eke out small gains. Apple leads tech companies.Stocks earned small gains on Wall Street Tuesday courtesy of an upturn in technology companies. Apple led the gain in technology stocks after聽billionaire investor Carl Icahn said on Twitter that he held a large position in Apple and that its stock was undervalued.
AOL firing: How not to fire an employeeAOL firing goes viral after AOL CEO Tim Armstrong fires a senior executive during a conference call meant to rally employees. Should a boss fire someone so publicly?聽- College costs keep rising faster than inflation, survey saysCollege tuition costs, as well as room and board, are racing upward. Tuition and fees at community colleges are up 24 percent more than inflation over the past five years, according to a new College Board survey.
Stocks tread water. Apple rises on iPhone news.Stocks ended relatively flat on Wall Street Monday but聽corporate deal stories and technology stocks were bright spots.聽Apple rose after the blog AllThingsD said the company would release the latest version of its iPhone on Sept. 10.聽
The global middle class has a hankering for US fast foodThe developing world has fallen big time for all-American exports like Footlongs, Big Macs and Extra Crispy Chicken Tenders and seems less concerned about the health risks of the high-fat, high-sodium fare that many Americans now seek to avoid.
McDonald's Monopoly game boosts chain's profitsMcDonald's Monopoly game returns early and, with new premium wraps, increases revenues for worldwide chain. Last year, McDonald's Monopoly giveaways started in September.
Obama signs bill lowering student loan ratesStudent loan rates will return to lower levels, after a partisan fight in Congress allowed interest rates to double in July. Under compromise, undergraduates will be able to borrow at 3.9 percent this fall, graduate聽students at 5.4 percent, and parents at 6.4 percent. Rates could rise in subsequent years.
Stocks slip on a ho-hum dayStocks closed down Friday 鈥� a slow end to a slow week on Wall Street.聽Unimpressive earnings kept investors feeling wary of stocks, and news about the US economy left them uninspired.
Stocks end slump on surge in miningStocks rose Thursday, ending a three-day slump, after聽news that China's trade rebounded last month signaled the end of a six-month slowdown for the world's biggest buyer of raw materials.聽The report helped lift Newmont Mining, Freeport-McMoRan and other stocks in the materials industry.
Kahr Firearms flees from New York gun lawsKahr Firearms, a gun manufacturer, says its moving its corporate offices to Pennsylvania in the wake of New York's new gun-restriction laws. Kahr Firearms is owned by son of Unification Church founder.
J.C. Penney intensifies new CEO search, sources sayJ.C. Penney is fast tracking its CEO search in order to placate one of its biggest investors and stabilize the struggling department stores' quickly falling stock price. J.C. Penney stock jumped 8 percent on the news.聽
How Time Warner's revenue uptick is fueled by ads and moviesTime Warner expects higher than predicted earnings for 2013 and has delayed the separation of its magazine division. This delay will give the new spinoff time to refine its strategy, said Chief Executive Jeff Bewkes.
