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Paula Deen fires legal team after admitting racial slursPaula Deen聽announced last week she had cut ties with her longtime agent who helped make her a Food Network star and start a media and merchandising empire that has largely collapsed.
Stocks surge as Bernanke calms stimulus worryStocks rose Thursday聽after Federal Reserve Chairman Ben Bernanke said the central bank will keep supporting the economy.聽Stocks聽that benefit most from a continuation of low interest rates, such as homebuilders, notched some of the biggest gains.
Foreclosures fall nationwide, but problem lingers in some statesForeclosures fell in June to their lowest leve since December 2006, but a lengthy judicial foreclosure process in certain states is leading to a rise of pent up foreclosure activity.聽
Wal-Mart rebuked: D.C. city council approves living wage billWal-Mart warned that it would scrap plans for three D.C. stores if the city council approved a bill requiring major retailers to pay employees a 'living wage' of at least $12.50 an hour. Wednesday, the D.C. Council rebuked Wal-Mart and did it anyway.- US lifts ban on hedge fund advertisingHedge funds will be allowed to advertise to the general US public for the first time after the SEC voted Wednesday to lift a decades old ban that prevented the marketing of hedge funds to a wide audience.聽
Mortgage rates climb to two-year highMortgage rates for a 30-year fixed rate mortgage climbed to 4.51 percent this week, hitting a two-year high. Mortgage rates聽have been rising on expectations that the Federal Reserve will slow its bond purchases this year.
Stocks little changed on Federal Reserve minutesStocks barely reacted to the release of Federal Reserve minutes Wednesday. Major stocks were down just a fraction of a percent more than an hour after the Federal Reserve released a report on its latest policy meeting in June.
Wal-Mart won't build D.C. stores if living wage bill passesWal-Mart says it won't build three stores it had planned for the D.C. area if lawmakers approve a bill that would force the retailer to pay its employees at least $12.50 an hour. Wal-Mart had been planning to build six stores in Washington.聽
Kroger buys Harris Teeter for $2.5 billionKroger buys Harris Teeter, combining two of the larger food retailers in the United States. Kroger buying Harris Teeter means the Ohio-based super market chain can gain a foothold in the southeastern US.
Stocks rise for fourth straight dayStocks edged higher Tuesday as investors bought companies that fare best when the economic outlook is bright. Gains in stocks were led by riskier parts of the market.
Kroger to buy Harris Teeter Supermarkets for $2.44BKroger, the country's largest traditional supermarket operator, has agreed to buy聽Harris聽Teeter Supermarkets for about $2.44 billion in cash, boosting its presence in southeastern and mid-Atlantic markets.聽Kroger will pay $49.38 for each of Harris Teeter's shares.
Twinkies comeback: same cakes, longer shelf lifeHostess Brands says when Twinkies return to stores, they will have a shelf life of 45 days, compared to their previous 26. Twinkies are scheduled to hit the shelves again next week.聽
Stocks up as corporate earnings kick offStocks rose on Wall Street Monday as investors showed some聽optimism聽about the start of second-quarter corporate earnings.聽
Dell buyout gets a key endorsement from ISSDell buyout is being recommended to the tech company's shareholders by ISS, a聽top proxy advisory firm. The Dell buyout would allow founder Michael Dell and partners to take the company private.聽
Shazam app gets $40 million investment from tycoon Carlos SlimShazam app developer has found an unlikely ally in the form of聽Carlos聽Slim, one of the world's richest men, who is investing $40 million to back the Shazam app developer, best known for helping music fans identify catchy songs.
Chrysler recalls 840,000 vehicles. Is yours on the list?Chrysler recalls for airbag and restraint head rests affect cars and SUVs mostly in the US. Several separate Chrysler recalls have been issued.
Paula Deen parts ways with longtime agentPaula聽Deen has cut business ties with the agent who helped make her a Food Network star and launch a media and merchandising empire. Paula Deen's聽breakup with Barry Weiner comes after a turbulent two weeks that have left the celebrity chef's network of business deals in shambles.
Steinway buyout: Piano maker accepts $438M dealSteinway buyout by Kohlberg & Co. will cost the private equity firm $438 million to acquire the storied piano maker. Following the Steinway buyout, Kohlberg plans to take the company private.
American Airlines-US Airways merger faces antitrust suitAmerican Airlines' merger with US Airways faces opposition in the form of an antitrust lawsuit filed in a San Francisco court. Critics of the American Airlines merger claim it would hurt consumers by driving up airfares.聽
Winklevoss twins plan $20 million Bitcoin IPOWinklevoss twins: Winklevoss Bitcoin Trust is designed to operate like an exchange-traded fund. The Winklevoss twins have reportedly amassed $11 million in Bitcoins.
