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Stocks sink as budget deadline nearsStocks closed down on聽Wall聽Street聽as a year-end deadline nears with no deal in hand to cut the US government's budget deficit.聽Telecommunications stocks and health care stocks fared the worst.
UBS to pay $1.5 billion in fines over LIBOR rate scandalThe Swiss bank agreed to the fine Wednesday, settling with US, British, and Swiss regulators. In the case, UBS employees tried to rig the London Interback Offered Rate, or LIBOR, using different currencies.
Fitch Ratings to US: Fix 'fiscal cliff' or risk credit downgradeFitch Ratings, a leading credit ratings agency, warned Wednesday that the US is likely to lose its top-notch debt rating if lawmakers cannot agree to a solution that prevents the economy from going over the 'fiscal cliff' at the end of 2012. Fitch Ratings called the resolution of the fiscal cliff and an increase in the debt ceiling 'pressing issues.'
Loner leaves $7.4 million in gold coins to long-lost cousinLoner leaves $7.4 million in gold coins to his first cousin, a San Francisco-area teacher who was named his sole heir. The $7.4 million fortune come from a wide variety of Austrian gold coins, some that date as far back as the 1890s.聽
Investors shun gun stocks in wake of Sandy HookGun company stocks Sturm, Ruger & Co. and Smith & Wesson Holding Corp聽fall for the third straight day. Private-equity firm Cerberus Capital Management says it will sell Freedom Group Inc., which makes the rifle used in the Sandy Hook massacre.
Stocks gain on budget deal optimismStocks climbed Tuesday聽on renewed hope for a budget deal that will stop the US from going over the fiscal cliff.聽Stocks slumped after the presidential election on concern that a divided government would struggle to reach an agreement.
McDonald's open on Christmas? Yes, burger chain tells owners.McDonald's is urging its US restaurant owners to remain open on Christmas Day, a major break for a company that usually closes on major holidays. The decision comes after a successful Thanksgiving Day for McDonald's.聽- Cerberus private equity firm to sell stake in firearms makers after Newtown shootingCerberus聽said Tuesday that it would sell its stake in the Freedom Group, which owns the Bushmaster rifle brand, as well as Remington and other gun makes.
Dick's Sporting Goods suspends rifle sales nationwideDick's Sporting Goods聽chain says it's suspending sales of modern rifles nationwide because of Friday's school shooting in Connecticut.
Judge rejects Apple's plea for Samsung smartphone banSamsung infringement of some Apple iPhone features doesn't merit sales ban, rules federal Judge Lucy Koh. Apple's $1 billion court victory against Samsung was for the latter copying 'a few narrow protected functions.' 聽聽
Stocks move higher as budget talks progressStocks rose Monday as signs of fiscal cliff progress in Washington made their way to Wall Street.聽Stock traders paused for a minute of silence at 9:15 a.m. EST to remember those killed in a gunman's rampage through a Connecticut elementary school.
Diet Pepsi changes its sweetener to compete with CokeDIet Pepsi used to be sweetened with aspartame; now, it lists a mix of artificial sweeteners. The Diet Pepsi sweetener change is part of a major rebranding effort for the soft drink, which has lost some of its market share to Coca-Cola in recent years.聽
Domino's founder sues government over contraceptionDomino's founder Tom Monaghan sues government, saying contraception is 'gravely immoral.' Domino's founder offers employees health insurance excluding contraception and abortion.聽
Southwest Airlines fee: No-shows will have to pay upSouthwest Airlines fee takes effect sometime in 2013. No-show passengers with the cheapest tickets will pay Southwest Airlines new fee unless they cancel in advance.
Stocks lower as Wall Street eyes WashingtonStocks closed down Thursday despite the fourth straight weekly drop in applications for unemployment benefits.聽Energy and technology stocks fell the most on Wall Street.
Retail sales buoyed by autos, holiday shopping in NovemberRetail sales rose 0.3 percent last month in the US, buoyed by car sales and the effort to rebuild after superstorm Sandy. The start of the holiday shopping season also contributed to the rise in retail sales.
Foreclosures hit nine-month high, but starts dropForeclosures completed by banks rose to a nine-month high in November, but there's some good news: The number of homes starting on the path to foreclosure fell to the lowest level in six years.
12-12-12: An auspicious date for a $1,212,120 wedding?12-12-12 is the latest triple-date marketing opportunity for the wedding industry. Banking on Chinese numerology, one Vegas wedding package is priced at $1,212,120 and includes a private jet.
Costco profit soars 30 percent on high sales, low pricesCostco's profits rose 30 percent in the fiscal first quarter on better sales and more revenue from membership fees. Costco's gain beat analysts' expectations, and stock rose 14 cents per share in premarket trading.聽
Stocks gain on budget talk optimism, Fed stimulusStocks rose Tuesday聽in light of progress in budget talks being held in Washington.聽Stocks have edged up since the start of the month as investors watch for developments in the budget talks.聽
