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HSBC to pay record $1.9 billion to settle money laundering caseHSBC avoided a damaging legal battle Tuesday by agreeing to pay $1.9 billion to settle a US money laundering probe. The HSBC settlement will be the biggest penalty ever imposed on a bank.
Stocks edge higher; Dow boosted by McDonald'sStocks rose Monday despite concerns about the surprise resignation of Italy's prime minister.聽A strong sales report from McDonald's pushed stocks higher on Wall Street.
McDonald's surprises with US sales gain; shares soarMcDonald's posted a surprise gain in a key November sales figure, sending McDonald's shares soaring 2.2 percent in premarket trading. The strong report was a pleasant surprise for McDonald's after a sales drop in October.聽
Gas prices crash? Prices drop 10 cents in three weeksGas prices crash? The average price of gasoline in the US has dropped 10 cents in the past three weeks, and it may be going lower.聽
Stocks finished mixed; Apple drags down S&P, NasdaqStocks shot up on the heels of a positive jobs report Friday, but Apple's stock rained on Wall Street's parade.
Mall Santa fired for being naughty, not niceMall Santa fired from his job at The Maine Mall after parents reported that he was rude and grumpy. Santa was fired after a local TV station aired a story and parents posted complaints about him on Facebook.
Netflix CEO in SEC trouble over Facebook postNetflix CEO Reed Hastings is trouble for a Facebook post saying that Netflix's online viewing 'exceeded 1 billion hours for the first time ever in June.' Hastings didn't clear the data with the SEC or send out a formal press release, and Netflix stock climbed as a result of the post.聽
Stocks edge up, led by AppleStocks rose on Wall Street Thursday despite the lack of agreement on a fiscal cliff deal in Washington. Apple and other technology companies led the stock market up.- Starbucks to open 1,500 new US stores by 2017Starbucks has ambitious expansion plans in the United States, aiming to open 1,500 new cafes over the next five years. Starbucks is also planning to expand overseas, particularly in China.
Stocks rise on fiscal cliff hopesStocks closed mostly higher on聽Wall聽Street Wednesday聽as traders grew more hopeful that a budget deal will be reached in Washington.聽Rising stocks narrowly outnumbered falling ones on the New York Stock Exchange.
Netflix vows not to raise prices after landing rights to Disney moviesThe multiyear licensing agreement announced Tuesday represents a breakthrough for聽Netflix聽as it tries to secure more exclusive programming for a popular service that streams video over high-speed Internet connections.
Citigroup slashes 11,000 jobs to save $1.1 billionCitigroup cuts are first big move for new CEO聽Michael Corbat, as he moves to reorganize the struggling banking giant. Most of the Citigroup cuts are expected to come in global consumer banking.
Stocks little changed; Investors await budget dealStocks changed little Tuesday on Wall Street as fiscal cliff negotiations continued in Washington. Some say stock trading will grow in volatility the longer budget talks progress without a deal.聽
Sandy's silver lining? Superstorm boosts US auto sales in Nov.Toyota, Volkswagen and Chrysler were among the companies posting impressive increases for November, which is normally a lackluster month because of colder weather and holiday distractions.
Disney loses $319 million appeal in 'Millionaire' game show lawsuitDisney loses $319 million appeal in lawsuit over profits from the popular 'Who Wants to be a Millionaire' TV series. A jury decided in 2010 that Disney hid profits from the show's creator; Disney loses the $319 million appeal two years later.聽
Stocks edge lower after weak manufacturing reportA surprisingly weak manufacturing report sent stocks lower Monday. December聽is historically the best month for聽stocks.
Horse as bell ringer? It works for the Salvation Army.Horse as bell ringer for the Salvation Army in Wisconsin rakes in 10 times the donations of the average bell ringer. The miniature horse, Tinker, has worked as bell ringer for the Salvation Army for four Christmases.聽
Virgin Atlantic: Is Delta an interested buyer?Virgin Atlantic Airways may soon have a new shareholder. Singapore Airlines is in talks to sell its 49 percent stake in Virgin Atlantic to Delta Air Lines. A deal would help Delta lay claim to highly competitive US to London airline routes.聽
Starbucks, Google, Amazon accused of 'immoral' tax avoidanceStarbucks, Google, and Amazon were among the major multinational corporations accused by lawyers of exploiting British tax laws to move UK-made profits overseas. Starbucks announced it is reviewing its tax practices in a bid to restore public trust.聽
Stocks hold as budget talks continueRising stocks narrowly outnumbered falling ones on the New York Stock Exchange Friday. Investors remain cautious as 'fiscal cliff' budget negotiations continue in Washington.
