Home » BUSINESS (Page 23)

  • June Jobs Report: U.S. Economy Added 195,000 Jobs; Unemployment Rate Unchanged

    June Jobs Report: U.S. Economy Added 195,000 Jobs; Unemployment Rate Unchanged

    WASHINGTON  – Job growth was stronger than expected in June and the employment count for the prior two months was revised higher, showing the economy on solid ground and likely keeping the Federal Reserve on track to scale back its […]

  • Four Twinkies (USA), One Broken in Half to Show Cream Filling

    Twinkies To Return To Shelves July 15, Hostess Says

    NEW YORK — Hostess is betting on a sweet comeback for Twinkies when they return to shelves next month.
    The company that went bankrupt after an acrimonious fight with its unionized workers last year is back up and running under new […]

  • Tokyo stocks plunged more than six percent on June 13 morning after a Wall Street sell-off amid fears the US Federal Reserve will soon begin to wind down its massive stimulus drive. (Photo by TORU YAMANAKA/AFP/Getty Images)

    Japanese Stocks Down: Nikkei Plunges More Than 6 Percent

    TOKYO, June 13 (Reuters) – The Nikkei average tumbled 6.4 percent on Thursday, hitting its lowest close since April 3 – the day before the Bank of Japan unveiled sweeping stimulus to revive the economy – as investors further cut […]

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  • The Standard & Poor's Financial Services LLC logo is displayed in front of the company's headquarters in New York, U.S., on Thursday, July 28, 2011. Photographer: Scott Eells/Bloomberg via Getty Images

    S&P: U.S. Credit Outlook Revised Up To ‘Stable’ From ‘Negative’

     

    NEW YORK – Standard & Poor’s on Monday revised its credit outlook on the United States government to stable from negative, citing Congress’s avoidance of the year-end 2012 “fiscal cliff” and the higher-than-expected tax receipts that followed.
    Additionally, the ratings […]

  • In this Thursday, May 2, 2013, photo, billionaire investor Warren Buffett applauds as he speaks on the topic of "Women and Work" during a sit-down interview with Fortune's Pattie Sellers in front of an audience at the University of Nebraska at Omaha's College of Business Administration, in Omaha, Neb. (AP Photo/Nati Harnik)

    Buffett Lunch Auction Reaches $775,100 With Hours Left

    OMAHA, Neb. — The annual charity auction of a private lunch with billionaire investor Warren Buffett entered its final hours Friday with the rare opportunity still available for the relative bargain price of less than a million dollars – although […]

  • Drug Prohibition Costs The U.S. $40 Billion Each Year

    Drug Prohibition Costs The U.S. $40 Billion Each Year

    This story originally appeared on Quartz.
    Two states in the US—Washington and Colorado—legalized recreational marijuana use this year. More than half of Americans now support legalizing marijuana, up 20 percentage points in the last decade. But the concept of legalizing drugs […]

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  • Saudi Prince Alwaleed bin Talal holds a press conference in Riyadh on August 2, 2011 to unveil plans about the world's tallest tower to be built in the Red Sea city of Jeddah. (FAYEZ NURELDINE/AFP/Getty Images)

    Saudi Prince Sues Forbes Alleging He’s Richer Than Magazine Says He Is: Report

    LONDON, June 7 (Reuters) – Saudi billionaire Prince Alwaleed bin Talal has sued Forbes magazine for libel in a British court, alleging its valuation of his wealth at $20 billion was short of the mark by $9.6 billion, Britain’s Guardian […]

  • VIDEO: S 500 Welcomes Back AIG, GM

    VIDEO: S 500 Welcomes Back AIG, GM

    The S 500 index will see two familiar faces joining this week as both General Motors (GM) and American International Group (AIG) are returning. Both companies were removed from the index during the financial crisis, but have since rebuilt their […]

  • VIDEO: Salesforce.com to Acquire ExactTarget for $33.75/share

    VIDEO: Salesforce.com to Acquire ExactTarget for $33.75/share

    This morning, Salesforce. om (CRM) announced it was acquiring ExactTarget (ET) in a deal worth about $2.5 billion.

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  • Marijuana Chain Investment Will Total $100 Million Over 3 Years

    Marijuana Chain Investment Will Total $100 Million Over 3 Years

     

    SEATTLE — Washington state businessmen who say they’re trying to create the first national brand of marijuana received some heartfelt support Thursday from the former president of Mexico, Vicente Fox.
    Fox appeared at a news conference in Seattle, where he recounted […]

  • FILE - In this June 29, 2010 file photo, Gen. David Petraeus testifies before the Senate Armed Services Committee on Capitol Hill in Washington. Petraeus, the retired four-star general who led the U.S. military campaigns in Iraq and Afghanistan, resigned Friday, Nov. 9, 2012 as director of the CIA after admitting he had an extramarital affair. (AP Photo/Pablo Martinez Monsivais, File)

    David Petraeus To Head Private Equity Firm KKR’s New Global Institute

    (video)
     
    Retired Army Gen. David Petraeus will take a new job with investment firm Kohlberg Kravis Roberts & Co. L.P. as he attempts to rebuild his reputation after an extramarital affair with a biographer triggered his resignation as CIA director last […]

  • Papa John's Pizza CEO John Schnatter attends the Gift Lounge for the 47th Annual Academy Of Country Music Awards held at the MGM Grand Hotel/Casino on March 31, 2012 in Las Vegas, Nevada. (Photo by Angela Weiss/ACMA2012/Getty Images for ACM)

    Papa John’s CEO John Schnatter Apologizes For Employee’s Racist Rant

    SANFORD, Fla., May 28 (Reuters) – The founder and chief executive of Papa John’s pizza chain has issued an apology after one of the company’s pizza delivery men in Sanford, Florida, accidentally pocket dialed a customer and left a racist […]

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  • Yahoo buying Tumblr for $1.1 billion, vows not to screw it up

    Yahoo buying Tumblr for $1.1 billion, vows not to screw it up

    (Reuters) – Yahoo Inc said it is buying blogging service Tumblr for $1.1 billion cash, giving the struggling Internet pioneer a much-needed platform in social media to reach a younger generation of users.
    The deal, announced on Monday, is a bold […]

  • SAN FRANCISCO, CA - MAY 17: A customer holds $140 worth of Powerball tickets that he just purchased on May 17, 2013 in San Francisco, California. People are lining up to purchase $2 Powerball tickets as the multi-state jackpot hits $600 million. (Photo by Justin Sullivan/Getty Images)

    Winning Powerball Numbers May 18: 22, 10, 13, 14, 52 And 11

    The winning Powerball numbers for May 18 are: 22, 10, 13, 14, 52 and the red number is 11.
    The jackpot in the multistate lottery climbed to $600 million Friday in anticipation of was has become the largest prize in the […]

  • VIDEO: Se acumula bolsa de 600 millones en el Powerball

    VIDEO: Se acumula bolsa de 600 millones en el Powerball

    La enorme cantidad de dinero genera largas filas entre quienes se ven disfrutando de una fortuna instantánea.

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  • VIDEO: Latest Business News

    VIDEO: Latest Business News

    Euro finance ministers to discuss Italy, Portugal
    Stock Buybacks More and More Common
    StanChart falls after short seller Muddy Waters flags bad debts

  • A Chrysler badge is pictured on a new car at a dealership in Vienna, Virginia April 26, 2012.
Credit: Reuters/Kevin Lamarque

    Chrysler recalls 469,000 SUVs worldwide over gearshift problem

    Chrysler Group LLC is recalling about 469,000 SUVs worldwide to update software after some vehicles’ circuit boards were found to be transmitting signals that trigger inadvertent gear shifts to neutral, the No. 3 U.S. automaker said Saturday.
    Included are 2006- to […]

  • Traders work on the floor at the New York Stock Exchange, May 1, 2013. Credit: Reuters/Brendan McDermid

    S&P 500, Dow hit milestones after strong jobs report

    NEW YORK – Stocks rallied on Friday, with the S&P 500 and Dow industrials hitting intraday records after employment grew more than expected in April, easing concerns about a weak economy.
    The S&P 500 index broke above 1,600 and the Dow […]

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  • "Iron Man 3" finds success at China's box office.

    ‘Iron Man 3’ China Box Office Tops ‘Avengers,’ Reaches $21.5M

    LOS ANGELES — Iron Man has outgunned the entire Avengers crew in China.
    According to distributor Disney, Robert Downey Jr.’s solo sequel “Iron Man 3” had a record opening in China with $21.5 million Thursday.
    That tops the $17 million opening day […]

  • Traders work on the floor at the New York Stock Exchange, April 29, 2013.

Credit: Reuters/Brendan McDermid

    Wall Street drops on data, earnings

    NEW YORK – Stocks fell sharply on Wednesday as the latest economic data continued a trend of indicators pointing to anemic growth, while bellwether companies disappointed on revenue. The Federal Reserve’s decision to keep its monetary stimulus in place was […]

  • Tom Cruise takes back box office with “Oblivion”

    Tom Cruise takes back box office with “Oblivion”

    Tom Cruise’s post-apocalyptic thriller “Oblivion” wiped out the box office competition, racking up $38.2 million in weekend ticket sales during its U.S. and Canadian debut.
    The debut of “Oblivion” knocked baseball movie “42” into second place. The drama about Jackie Robinson, […]

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  • Gold slumps to two-year low below $1,400 per ounce

    Gold slumps to two-year low below $1,400 per ounce

    (Reuters)  | Clara Denina
    LONDON – Gold dropped as much as 6.3 percent on Monday to below $1,400 per ounce for the first time since March 2011 as the market’s downward momentum gained speed after more than four months of investor […]

  • British singer and songwriter Sir Paul McCartney greets spectators at the begining of his concert in the Czech Republic capital of Prague, June 6, 2004. REUTERS/Petr Josek

    McCartney Tops UK Music Rich List, Adele Richest Youngster

    LONDON – Former Beatle Paul McCartney’s 680-million-pound ($1.04 billion) fortune put him at the top of a list ranking the UK and Ireland’s richest musicians that also highlighted Adele as the wealthiest young music millionaire.
    McCartney was followed closely by music […]

  • Barclay's specialist trader Jason Hardzewicz (L) takes bids on the floor at the New York Stock Exchange, April 2, 2013. REUTERS/Brendan McDermid

    Wall Street gains on health insurers, S&P near intraday record

    NEW YORK – Stocks rose on Tuesday, pushing the S&P 500 within striking distance of its all-time intraday high, as healthcare stocks surged after a government decision raised prospects of higher profits.
    The group gained after the government dropped plans to […]

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  • American Airlines-US Airways merger gets court approval

    American Airlines-US Airways merger gets court approval

    NEW YORK – A judge on Wednesday approved AMR Corp’s plan to merge with US Airways Group, a step toward creating the world’s largest airline.
    AMR, parent of American Airlines and in bankruptcy since November 2011, must still construct a formal […]

  • Rich Americans Obsessed With Budget Deficit, Much Less Supportive Of Living Wage: Study

    Rich Americans Obsessed With Budget Deficit, Much Less Supportive Of Living Wage: Study

    The wealthiest Americans in the country have disproportionate influence over our nation’s leaders. That wouldn’t be such a big problem, if only they were a little more like you and me.
    Yes, America’s super-rich are both more likely to be politically […]

  • Brangelina’s Debut Wine Sells Out Within Hours

    Brangelina’s Debut Wine Sells Out Within Hours

    Looks like everyone wants a piece of the Jolie-Pitts.

    A bottle of Miraval, Cote de Provence rose wine is displayed in Paris, Thursday March 7, 2013

    Organic rosé wine produced at the couple’s French vineyard went up for sale online on Thursday […]

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  • Dow closes at record high

    Dow closes at record high

    The Dow climbed more than 125 points to close at a record high of 14,253.77, topping the prior record set in October 2007. Earlier, the blue chip index climbed to an intraday record of 14,286.37.

    [button-red text=”READ MORE” Full Story” […]

  • Dow Jones Reaches Record High

    Dow Jones Reaches Record High

    NEW YORK: Even in this economy with the Budget Sequester in effect in the USA, the Dow Jones reaches an all-time record high; fueled by China’s strong economic growth and a jump in European retail sales.

    Shortly after the opening bell […]

  • What Does Rap Genius Have Against Warren Buffett?

    What Does Rap Genius Have Against Warren Buffett?

    What Does Rap Genius Have Against Warren Buffett?

    Photo by Donald Bowers/Getty Images for FORTUNE.
    Yesterday morning, Rap Genius cofounder Mahbod Moghadam initiated a bizarre feud with billionaire investor Warren Buffett, tweeting, from the @rapgenius handle (a small warning, by the way, […]

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  • Wall Street …

    Wall Street …

    “I will tell you the secret to getting rich on Wall Street You try to be greedy when others are fearful. And you try to be fearful when others are greedy.” Warren Buffett

  • Progress …

    Progress …

     
    The reasonable man adapts to the world around him … The unreasonable man makes the world around him adapt … Therefore true progress depends on the unreasonable man. George Bernard Shaw

 
 

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