All Latest News Wires
Stocks swoon in final hour of May tradingStock sell-off accelerates in late afternoon as Dow loses 1.4 percent of its value, its biggest plunge in more than a month. The S&P and Nasdaq also see big declines.
Camel Crush cigarette ads: targeting the young?Camel Crush cigarette ads ran in 24 magazines that target young people, health groups say. The American Heart Association and other groups are asking states to investigate whether the Camel Crush cigarette ads violate tobacco companies' agreement not to target kids.
Stocks rise as Fed concerns easeStocks rose Thursday on Wall Street after disappointing economic reports eased concerns that the Federal Reserve would scale back its stimulus program.聽Banks and other stocks that stand to benefit the most from an improving economy have surged this week.
Woman working at Costco killed by policeWoman working as demonstrator at a Costco store in Virginia was killed Wednesday. Police say the woman threatened Costco employees, then was shot and killed when she came at deputies with a knife and scissors.
Buffett $5.6 billion investment expands Berkshire's energy footprintWarren Buffett's Berkshire Hathaway firm is investing $5.6 billion in energy. Buffett's MidAmerican Energy utility聽will buy a Nevada electric and natural gas company, NV Energy, Inc., for $5.6 billion.
Stocks fall as Dow pulls back from recordStocks closed lower on Wall Street Wednesday led by聽rich dividend payers like power utilities and makers of consumer staples.聽Investors piled into those stocks at the beginning of the year, when bond yields were close to historic lows.
Chinese buy Smithfield Foods: Shuanghui to pay $4.7B for US meat producerChinese buy Smithfield Foods:聽Hong Kong-based Shuanghui owns a variety of global businesses that include聽food, logistics and flavoring products and is the majority shareholder in China's largest meat processing enterprise.
Redskins name change? Congressmen get involved.Redskins name change urged by 10 members of Congress, saying it's considered a racial slur. A Redskins name change is at the heart of a long legal battle. 聽
Did bank launder $6B? Biggest US money laundering caseDid bank launder $6b? The US has filed an indictment against Liberty Reserve in Costa Rica. Prosecutors say the bank helped criminals around the world launder more than $6 billion.
Breadwinner moms: Mom earns more in 40 percent of US householdsBreadwinner moms bring home the bacon in 4 out of 10 US households, up from just 11 percent in 1960,聽according to a new study from the Pew Research Center.
Red Cross: Over $100 million in Sandy aid still unspentThe Red Cross raised about $303 million to help those affected by hurricane Sandy, but only two-thirds of it has been spent, prompting criticism that the Red Cross is losing sight of its role in emergency relief.
Stocks soar on surge in home prices, consumer confidenceStocks jumped on Wall Street Tuesday after US home prices rose the most in seven years and consumer confidence reached a five-year high. Stocks are聽coming off a rare loss last week, when both the Dow and the S&P 500 index had their first losing weeks in a month.聽
Starbucks tip jar at the center of NY high court caseWho gets dibs on the Starbucks tip jar? A federal court asked the NY Court of Appeals to determine whether Starbucks managers can dip into the baristas' tip jar.
3 tickets, $50M: Powerball jackpot winners split $50 million 3 ways3 tickets will split the $50M Powerball jackpot. The 3 ticket-holders will each get a third of the $50 million jackpot over 20 years, or a $10 million lump-sum payment now.
Stocks barely move as market ends week downStocks barely moved in trading Friday but Wall Street closed out its first weekly loss in a month.聽Concerns over the Federal Reserve curtailing its support for the economy and sharp falls in Asian markets have pushed stocks down this week.
Target, Macy's sue Visa and Mastercard for alleged fee-fixingTarget, Macy's, and other major US retailers are suing Mastercard and Visa, rejecting a settlement reached last year. The suit claims Visa and Mastercard聽conspired to fix the fees they charge stores for handling payments made with credit cards.
Stocks down as investors reassess Fed fearsStocks edged lower Thursday on an unexpected slowdown in Chinese manufacturing and fears the Federal Reserve might cut back on its economic stimulus program. Stocks climbed into positive territory by midday, then ended the day marginally lower.聽
Horse meat scandal arrest: Dutch police arrest meat wholesaler in horse meat probeHorse meat arrest:聽Investigators from the Dutch Food and Consumer Product Safety Authority arrested the man on suspicion of fraud and detained him for further questioning. If convicted, he faces a maximum sentence of six year's imprisonment, according to prosecutors.
Nissan recall for 841,000 vehicles over steering wheel problemNissan recall: Nissan issued a recall for the Cube and the Micra compact car, also known as the March, as a result of a steering wheel glitch.
Free burgers for life for Charles Ramsey, Cleveland rescuerFree burgers for life await Charles Ramsey at several Cleveland eateries. Ramsey gets free burgers for life after he famously put down his Big Mac to help rescue three women held captive for a decade in his neighborhood.聽
