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Stocks fall on weak earnings newsStocks were down on Wall Street Wednesday as disappointing earning news and a drop in bank stocks weighed on the market.聽Banks had some of the biggest losses following news that the government filed lawsuits accusing Bank of America of misleading investors.
DOD furloughs shortened from 11 to six daysDOD furloughs聽that civilian employees have had to bear because of budgetary pressures were shortened by the Pentagon from 11 to six days.聽As a result, the final DOD furlough聽day for most workers will be next week.
McDonald's franchisees dispute worker's debit card suitMcDonald's franchisees who paid their employees with debit cards are being sued by a worker who聽says she was charged $1.50 to withdraw cash.The McDonald's franchisees say the suit has no merit because the employees consented to the payment method.聽
Stocks slide on weak retail salesStocks slipped on Wall Street Tuesday on weak retail sales. A rise in US exports wasn't enough to save stocks from falling.
Botulism scare halts New Zealand dairy exportsBotulism risk causes China and Russia to stop importing some New Zealand dairy products. Giant New Zealand dairy warns that infant formula and other products could be tainted by bacteria linked to botulism, although no illnesses are reported.
World's second-tallest building almost completeSecond-tallest building has topping-out ceremony in Shanghai. At 2,073 feet, the Shanghai Tower is second-tallest only to Dubai's 2,722-foot skyscraper.聽
Stocks mixed on quiet day on Wall StreetStocks were mixed Monday on a quiet day for trading on Wall Street.聽There was little in the way of news to shake stocks out of a summertime stupor.
Taylor Farms of Mexico linked to tainted saladTaylor Farms of Mexico salad mix was served at Olive Garden and Red Lobster restaurants. FDA says salad from Taylor Farms of Mexico is behind illnesses in Iowa and Nebraska, but the outbreak in 14 other states is still under investigation.
BART strike looms as labor, management meetBART strike threat from two unions leads to last-minute talks to avoid a shutdown. A BART strike Monday would strand up to 400,000 commuters.- Time Warner-CBS showdown: Cable blackout of CBS shows continuesTime Warner-CBS showdown: Time Warner cable dropped CBS stations in New York, Los Angeles, Dallas, Boston, Denver, Pittsburgh, Detroit, and Chicago. Some Time Warner subscribers also lost Showtime, TMC, Flix, and Smithsonian.
- Byron Frisch charged in $50 million insurance scamBryon Frisch, a former NFL player, was among four people changed in San Diego with participating in a $50 million insurance fraud scheme. Bryon Frisch played for Tennessee Titans, Dallas Cowboys, New York Giants and San Francisco 49ers.
Red Sox owner buys Boston Globe for $70 millionJohn Henry, principal owner of the Boston Red Sox, purchased the Boston Globe as well as the websites BostonGlobe.com, Boston.com, The Worcester Telegram & Gazette, Telegram.com, and a 49 percent interest in Metro Boston. The New York Times bought the Boston Globe in 1993 for $1.1 billion.
Stocks rise after tepid jobs newsStocks rose Friday聽despite the US adding fewer jobs than forecast in July, curbing optimism that the economy is poised to pick up strength in the second half of the year. Stocks gradually recovered throughout the day and major indexes ended slightly higher.聽
S&P stock index tops 1700 for first timeStock market soars to new highs in the wake of strong economic news from the US and China. Nasdaq hits highest level since September 2000.聽
Stocks hold steady on Federal Reserve announcementStocks held near record levels Wednesday聽after wavering in response to the latest economic assessments by the Federal Reserve.聽July was still the best month for stocks since January.
Amazon: Jobs available in 13 statesAmazon.com jobs announcement comes a day before President Obama visits its Chattanooga, Tenn., warehouse. Some 5,000 of the Amazon jobs are in warehouses; another 2,000 in customer service.聽
NYC large soda ban struck down by state appeals courtNYC large soda ban was ruled unconstitutional in March, and the decision was upheld Tuesday by a higher appeals court. Mayor Michael Bloomberg's NYC large soda ban would have prohibited restaurants from selling sodas and other sugary beverages bigger than 16 ounces.聽- Stolen Stradivarius violin found after three-year searchStolen Stradivarius violin has been recovered by British police. The stolen Stradivarius is worth $1.84 million and was taken from an acclaimed musician when she stopped for a snack three years ago.聽
- Rosie the Riveter factory safe for 60 more daysThe 'Rosie the Riveter' factory in Detroit became an icon of American female empowerment. The Save the Bomber Plant campaign has raised $4.5 million of the $8 million. It now has 60 days to raise the rest of the money.
Kentucky $250M: Tiny Kentucky college gets record-breaking $250M donationKentucky $250M: Centre College, located in the center of Kentucky, received $250 million from an alum. Centre claims this is the biggest-ever donation to a liberal arts college.
