Home » BUSINESS (Page 21)

  • FILE -This file film image released by Warner Bros. Pictures shows a scene from "The Hobbit: The Desolation of Smaug." Per studio estimates Sunday Dec. 15, 2013, Warner Bros. "Hobbit: The Desolation of Smaug" was No. 1 at the weekend box office with $73.7 million.(AP Photo/Warner Bros. Pictures)

    ‘Hobbit’ Box Office Elite With $73.7M

    LOS ANGELES — Undaunted hobbits trumped princess power at the multiplex.
    Per studio estimates Sunday, Warner Bros. “Hobbit: The Desolation of Smaug” was No. 1 at the weekend box office with $73.7 million, besting last weekend’s No. 1 film, Disney’s animated […]

  • FILE - In this Jan. 14, 2013, file photo, General Motors Senior Vice President Mary Barra is seen during presentation of the North American Car & Truck of the Year at the North American International Auto Show in Detroit. Barra was named GM CEO on Tuesday, Dec. 10, 2013, making her the first woman to lead a U.S. car company. (AP Photo/Carlos Osorio, File)

    GM Executive To Be 1st Woman To Head Major Car Co.

    DETROIT — Mary Barra has spent the past three years as General Motors’ product chief, making cars that drive better, last longer and look good in showrooms
    Now she will take on an even bigger job. On Tuesday, the board tapped […]

  • This undated photo provided by Christie's Auction House shows the Fender Stratocaster a young Bob Dylan played at the historic 1965 Newport Folk Festival. The festival was a defining moment that marked Dylan's move from acoustic folk to electric rock 'n' roll. The guitar was sold at auction on Friday, Dec. 6, 2013 for $965,000.  (AP Photo/Christie's Auction House, File)

    Dylan’s Electric Guitar Sells For Nearly $1M

    NEW YORK (AP) — Like Elvis’ no-hips-allowed appearance on “The Ed Sullivan Show,” or the Beatles’ arrival in America, or Woodstock, it is considered one of the milestone moments in rock history: Bob Dylan going electric at the 1965 Newport […]

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  • This undated image provided by Amazon.com shows the so-called Prime Air unmanned aircraft project that Amazon is working on in its research and development labs. Amazon says it will take years to advance the technology and for the Federal Aviation Administration to create the necessary rules and regulations, but CEO Jeff Bezos said Sunday Dec. 1, 2013,  there's no reason Drones can't help get goods to customers in 30 minutes or less. (AP Photo/Amazon)

    Amazon.com Sees Delivery Drones As Future

    NEW YORK  — Amazon is working on a way to get packages to customers in 30 minutes or less – via self-guided drone.
    Consider it the modern version of a pizza delivery boy, minus the awkward teenager.
    Amazon.com Inc. says it’s working […]

  • FILE - In this June 7, 2013 file photo, Doug McMillon, President and CEO, Wal-Mart International, speaks at the shareholders meeting in Fayetteville, Ark. Wal-Mart Stores on Monday, Nov. 25, 2013 announced that CEO and President Mike Duke is stepping down from those posts, and named McMillon as his successor, effective Feb. 1, 2014. (AP Photo/April L. Brown, File)

    Wal-Mart Stores CEO Steps Down; McMillon Successor

    BENTONVILLE, Ark. (AP) — Wal-Mart Stores CEO and President Mike Duke plans to step down Feb. 1. The company says Doug McMillon, head of international operations, will succeed him.
    Duke, 63, who had been with Wal-Mart since 1995, had been at […]

  • Walmart International Chief Executive Doug McMillon speaks at a news conference in Beijing, October 24, 2013. REUTERS/Kim Kyung-Hoon

    Wal-Mart Names McMillon To Replace Duke As CEO

    Wal-Mart Stores Inc (WMT.N) named company veteran Doug McMillon to replace Chief Executive Mike Duke, who will retire on January 31 after five years at the helm of the world’s largest retailer.
    McMillon, 47, is currently CEO of Wal-Mart’s international division. […]

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  • Amazon CEO Jeff Bezos speaks at a news conference during the launch of Amazon's new tablets in New York, September 28, 2011. Amazon.com Inc unveiled its long-awaited tablet computer on Wednesday with a $199 price tag, potentially cheap enough to give Apple Inc's iPad some serious competition for the first time.  REUTERS/Shannon Stapleton (UNITED STATES - Tags: BUSINESS SCIENCE TECHNOLOGY TPX IMAGES OF THE DAY)

    Amazon Launches Sunday Deliveries

    Nov. 11 – Amazon’s Sunday delivery service could give it a leg up in the holiday shopping season and boost orders for the money losing U.S. Postal Service. Fred Katayama reports.

  • FILE -In this Wednesday, Oct. 23, 2013, file photo, job applicants arrives for an internship job fair held by the Miami Marlins, at Marlins Park in Miami. The government issues the October jobs report, on Friday, Nov. 8, 2013, which had been delayed a week because of the government shutdown. ( AP Photo/Lynne Sladky, File)

    U.S. Businesses Boost Hiring Despite The Shutdown

    WASHINGTON (AP) — The 16-day government shutdown didn’t seem to hurt the economy after all.
    U.S. employers added a surprisingly strong 204,000 jobs in October, the Labor Department said Friday. And they added far more jobs in August and September than […]

  • Twitter CEO Dick Costolo, Chairman and co-founder Jack Dorsey, and co-founders Evan Williams and Biz Stone, front row left to right, applaud as they watch the the New York Stock Exchange opening bell rung, Thursday, Nov. 7, 2013.  If Twitter's bankers and executives were hoping for a surge on the day of the stock's public debut, they got it. The stock opened at $45.10 a share on its first day of trading, 73 percent above its initial offering price.  (AP Photo/Richard Drew)

    TWITTER IPO LIVE: Twitter Soars On First Trade Day

    NEW YORK (AP) — Twitter had a strong public stock debut Thursday in the most highly anticipated initial public offering since Facebook’s last year.
    Twitter’s stock opened at $45.10, or 73 percent above its $26 IPO price, and kept most of […]

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  • VIDEO: Justin Bieber Invests $1.1 Million in Social Startup

    VIDEO: Justin Bieber Invests $1.1 Million in Social Startup

    The singing sensation is expanding his social savvy and investor skills with a stake in ‘Shots of Me.’

  • Gas prices drop to $3.17 at a Marathon station in Kokomo, Ind., Thursday, Oct. 24, 2013. Local gasoline prices are swinging up and down ever more drastically, a result of a national fuel system that is operating with a shrinking margin for error. (AP Photo/Michael Conroy)

    Volatile Prices At Gas Pumps Give Drivers Whiplash

    NEW YORK (AP) — Local gasoline prices are swinging up and down ever more drastically, a result of a national fuel system that is operating with a shrinking margin for error.
    Jumps of 20 cents per gallon or more in a […]

  • This undated photo provided by Christie's shows the Fender Stratocaster a young Bob Dylan played at the historic 1965 Newport Folk Festival. On Dec. 6, 2013, it could bring as much as half a million dollars when it comes up for auction in New York. The festival marked the first time Dylan went electric, a defining moment that marked his move from acoustic folk to electric rock and roll, drawing boos from folk-music purists. (AP Photo/Christie's)

    AP: Dylan’s Newport Guitar To Be Auctioned In NYC

    NEW YORK  — The sunburst Fender Stratocaster that a young Bob Dylan played at the 1965 Newport Folk Festival when he famously went electric, perhaps the most historic instrument in rock `n’ roll, is coming up for auction, where it […]

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  • FILE - In this April 11, 2013, file photo, a home in the process of being raised is seen in the Broad Channel section of Queens, New York. A bipartisan group of House members and senators is pressing legislation to delay for four years changes to the federal government’s flood insurance program that are threatening to sock thousands of people with unaffordable premium hikes. (AP Photo/Seth Wenig, File)

    Lawmakers Push To Delay Huge Flood Insurance Hikes

    WASHINGTON  — A bipartisan group of lawmakers Tuesday unveiled legislation that would delay for about four years several changes to the federal government’s flood insurance program that are threatening to sock thousands of people with unaffordable premium hikes.
    The move comes […]

  • Barneys New York has been the center of two recent racial profiling claims.
Photo: Buck Ennis

    Barneys Case Stirs Talk Of ‘Shopping While Black’

    The usual scenario involves suspicious glances, inattentive clerks or rude service – not handcuffs.
    Yet when a black teen said he was wrongly jailed after buying a $350 belt at a Manhattan luxury store, it struck a nerve in African-Americans accustomed […]

  • In this Friday, Oct. 4, 2013, photo, a shopper browses at a Timberland store in Skokie, Ill. The Conference Board releases the Consumer Confidence Index for October on Tuesday, Oct. 29, 2013. (AP Photo/Nam Y. Huh)

    U.S. Consumer Confidence Plunges On Gov’t Shutdown

    WASHINGTON — Americans’ confidence in the economy fell this month to the lowest level since April, as many worried about the impact of a 16-day partial government shutdown. The decline could weigh on spending and economic growth.
    The Conference Board said […]

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  • Builders Of Affordable Care Act Website Saw Red Flags

    Builders Of Affordable Care Act Website Saw Red Flags

    WASHINGTON (AP) — Crammed into conference rooms with pizza for dinner, some programmers building the Obama administration’s showcase health insurance website were growing increasingly stressed. Some worked past 10 p.m., energy drinks in hand. Others rewrote computer code over and […]

  • VIDEO: Netflix Tops HBO in U.S. Subscribers

    VIDEO: Netflix Tops HBO in U.S. Subscribers

    Netflix’s third quarter earnings were higher than expected as the company raked in more subscribers than its longtime rival HBO.

  • ‘Gravity’ Holds Atop Box Office For 3rd Week

    ‘Gravity’ Holds Atop Box Office For 3rd Week

    NEW YORK  — Star power and Oscar aspirations are reigning at the box office, where the space adventure “Gravity” and the Somali pirate docudrama “Captain Phillips” are holding off all comers.
    With $31 million over the weekend according to studio estimates […]

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  • Trader Gordon Charlop, center, works on the floor of the New York Stock Exchange Tuesday, Oct. 15, 2013. An eleventh hour agreement that averted a U.S. government debt default boosted Asian stock markets Thursday Oct. 17, 2013. European markets, which rallied the day before in anticipation of a deal, were down.  (AP

    Stocks Lower On Weak Corporate Earnings

    NEW YORK  — Weak earnings from IBM and other major U.S. companies are dragging the stock market lower in early trading.
    Interest rates on short-term U.S. government debt declined as investors were relieved that Washington averted a potential default.
    IBM, UnitedHealth and […]

  • U.S. Senator Ted Cruz (R-TX) (C) and Senator Mike Lee (R-UT) (R) depart the Senate floor after their speeches before the night-time budget vote at the U.S. Capitol in Washington, October 16, 2013. REUTERS/Jonathan Ernst

    Washington Is The Biggest Risk To The U.S. Economy, Experts Say

    WASHINGTON  – Consensus may be hard to find in Washington these days, but many corporate executives and economists seem to agree on one point: the biggest risk to the world’s largest economy may be its own elected representatives.
    Down-to-the-wire budget and […]

  • Mark Cuban, billionaire owner of the Dallas Mavericks basketball team, leaves federal court in Dallas, Texas, U.S., on Wednesday, Oct. 16, 2013. The jury started deliberations today. Photographer: Mike Fuentes/Bloomberg *** Local Caption ***   Mark Cuban

    Billionaire Mark Cuban Found Not Guilty Of Insider Trading

    DALLAS  – Mark Cuban, billionaire owner of the Dallas Mavericks basketball team, did not engage in insider trading when he sold his stock in an Internet company in 2004, a Texas jury decided on Wednesday.
    Cuban, 55, estimated by Forbes magazine […]

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  • VIDEO: Monday, October 14: Watch Netflix and Gold Futures

    VIDEO: Monday, October 14: Watch Netflix and Gold Futures

    Alexandra Scaggs takes a look at today’s market action, including which stocks to watch. Photo: Getty.

  • Actors George Clooney and Sandra Bullock arrive for the film premiere of "Gravity" in New York October 1, 2013. REUTERS/Andrew Kelly

    Space Thriller ‘Gravity’ Lifts Off With $55.6 Million Debut

    LOS ANGELES- “Gravity,” a new 3D thriller about two stranded astronauts floating through space, soared to the top of weekend movie charts, setting a box office record for the month of October by pulling in $55.6 million at U.S. and […]

  • Peter Jackson's 'The Hobbit' Trilogy

    APNewsBreak: “Hobbit” Trilogy Cost $561m So Far

    WELLINGTON, New Zealand  — Making “The Hobbit” movie trilogy has so far cost $561 million and counting, double the amount spent on “The Lord of the Rings” trilogy.
    That figure includes the major shoots with actors, although there will likely be […]

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  • Microsoft founder Bill Gates speaks during the Millennium Development Goals event on the sidelines of the United Nations General Assembly, at the U.N. Headquarters in New York September 25, 2013. REUTERS/Brendan McDermid

    Microsoft Investors Push For Chairman Gates To Step Down

    NEW YORK/SEATTLE | – Three of the top 20 investors in Microsoft Corp are lobbying the board to press for Bill Gates to step down as chairman of the software company he co-founded 38 years ago, according to people familiar with […]

  • VIDEO: U.S.-India Talks To Hit Trade, Business Relations

    VIDEO: U.S.-India Talks To Hit Trade, Business Relations

    Former U.S. Ambassador to India Tim Roemer explains the key points on the agenda as President Obama sits down for talks with India’s Prime Minister Manmohan Singh. Photo: Getty Images

  • Stocks Drop As Investors Fret Over Budget Fight

    Stocks Drop As Investors Fret Over Budget Fight

    Washington’s budget fight jolted investors on Friday, reminding them that the next few weeks could bring a lot of uncertainty. Wall Street hates uncertainty.
    Stocks fell in an afternoon sell-off that wiped out most of the gains from a rally earlier […]

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  • Stocks, Bonds Rise Sharply As Fed Keeps Stimulus

    Stocks, Bonds Rise Sharply As Fed Keeps Stimulus

    NEW YORK — The stock market hit a record high Wednesday after the Federal Reserve’s surprise decision to keep its economic stimulus in place.
    Bond yields fell sharply and the price of gold jumped as traders anticipated that the Fed’s decision […]

  • Starbucks Says Guns Unwelcome, Though Not Banned

    Starbucks Says Guns Unwelcome, Though Not Banned

    NEW YORK  — Starbucks says guns are no longer welcome in its cafes, though it is stopping short of an outright ban on firearms.
    The fine line that the retailer is walking to address the concerns of both gun rights and […]

  • Some Employers See Perks Of Hiring Older Workers

    Some Employers See Perks Of Hiring Older Workers

    Older people searching for jobs have long fought back stereotypes that they lack the speed, technology skills and dynamism of younger applicants. But as a wave of baby boomers seeks to stay on the job later in life, some employers […]

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  • Twitter Takes First Step Toward Going Public

    Twitter Takes First Step Toward Going Public

    SAN FRANCISCO/NEW YORK – Twitter Inc has filed for an initial public offering with U.S. regulators, the company said on Thursday, taking the first step toward what would be Silicon Valley’s most anticipated debut since Facebook Inc’s last year.
    The impending […]

  • Phil Schiller, Apple's senior vice president of worldwide product marketing, speaks on stage during the introduction of the new iPhone 5c in Cupertino, Calif., Tuesday, Sept. 10, 2013. (AP Photo/Marcio Jose Sanchez)

    Apple Introduces 2 New IPhone Models

    CUPERTINO, Calif.  — Apple’s latest iPhones will come in a bevy of colors and two distinct designs, a cheaper one made of plastic and another that aims to be “the gold standard of smartphones” and reads your fingerprint.
    Apple unveiled the […]

  • Samsung Unveils New Smartwatch That Makes Calls

    Samsung Unveils New Smartwatch That Makes Calls

    BERLIN  — Nearly 70 years after Dick Tracy began wearing a two-way wrist radio in the funny pages, the technology that once seemed impossibly futuristic will be widely available by Christmas.
    Samsung on Wednesday introduced a digital watch for the holiday […]

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  • Nokia To Sell Handset Business To Microsoft For $7.2 billion

    Nokia To Sell Handset Business To Microsoft For $7.2 billion

    By Ritsuko Ando and Bill Rigby  | Tue Sep 3, 2013 4:47am EDT (Reuters)

    HELSINKI/SEATTLE – Two years after hitching its fate to Microsoft’s Windows Phone software, a withered Nokia collapsed into the arms of the U.S. software giant, agreeing to sell its […]

  • VIDEO: Madonna Made $125 Million Last Year

    VIDEO: Madonna Made $125 Million Last Year

    According to Forbes, Madonna made $125 million between June 2012 and June 2013.

  • FILE - In this Friday, July 12, 2013, file photo, shoppers peruse the aisles at a Wal-Mart in Bristol, Pa. Americans increased their spending at an annual rate of just 1.8 percent in the April-June quarter, down from a 2.3 percent rate in the January-March period. Consumer spending is expected to improve in the second half of the year. But most economists foresee only a slight acceleration to an annual rate of 2 percent to 2.5 percent. (AP Photo/Matt Rourke, File)

    Tepid Us Retail Sales Raising Doubts About Economy

    By Christopher S. Rugaber And ANNE D’innocenzio AP Business Writes-  Aug 15, 4:49 PM EDT
    WASHINGTON (AP) — Bleaker outlooks at retailers like Wal-Mart and Macy’s are raising doubts that consumers will spend enough in coming months to lift the still-subpar U.S. […]

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  • Justice Department Challenge Proposed Airline Merger

    Justice Department Challenge Proposed Airline Merger

    David Koenig and Pete Yost Associated Press – ‎Tuesday‎, 08/13/13 12:57 PM ET EDT
    WASHINGTON — The federal government is challenging the proposed merger of American Airlines and US Airways, saying it would cause “substantial harm” to consumers by leading to higher fares […]

  • JPMorgan Exec Bruno Iksil Won’t Face Charges In London Whale Probe: Source

    JPMorgan Exec Bruno Iksil Won’t Face Charges In London Whale Probe: Source

    NEW YORK, Aug 8 (Reuters) – The trader at the center of JPMorgan Chase’s $6.2 billion trading loss last year will not face U.S. charges related to the incident, a source familiar with the matter said on Thursday.
    Meanwhile, another source […]

  • The entrance to JPMorgan Chase's international headquarters on Park Avenue is seen in New York October 2, 2012. REUTERS/Shannon Stapleton

    JPMorgan Faces Criminal And Civil Probes Over Mortgages

    By David Henry Wed Aug 7, 2013 8:40pm EDT

    (Reuters) – JPMorgan Chase & Co, the biggest U.S. bank by assets, said on Wednesday that it faces a criminal probe by the U.S. Department of Justice over sales of mortgage-backed securities and […]

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