Blog Profile / Business from Newser


URL :http://www.newser.com/section/5/business-news-headlines.html
Filed Under:Business & Finance
Posts on Regator:7051
Posts / Week:18.3
Archived Since:March 4, 2010

Blog Post Archive

Teacher Begs on Street Corner for Classroom Supply Money

She probably could've tried GoFundMe, but Teresa Danks came up with a different plan for raising money to buy supplies for her third-grade classroom: Stand on a corner in Tulsa, Okla., and beg for it. FOX23 reports on the unusual crowdfunding effort by the teacher, who says she spends between...

These Are Worst Layoffs in 21st Century America—So Far

The worst layoffs of 21st-century America affected the finance, retail, and automotive industries the most. Banks cut workers during the Great Recession, Boeing cut workers after Sept. 11, the US Army cut workers during political budget battles, and stores continue to cut workers thanks to Amazon. Using data from an...

Stocks March to More Record Highs

Stocks marched to more record highs on Wall Street, powered by gains in technology and health care companies, the AP reports. Drugmaker Vertex Pharmaceuticals surged 21% Wednesday following positive results from potential treatments for cystic fibrosis. Tech stocks continued to recover, and the technology component of the Standard & Poor's...

Madonna Gets Court Order to Stop 'Outrageous' Auction

Most people would consider love letters, hairbrushes, and underwear to be "highly personal items"—and a New York state Supreme Court judge agreed that, in Madonna's case, those items shouldn't be put up for auction, the AP reports. On Tuesday, the pop star received the emergency court order she was...

Flooding Destroys All Wisconsin Bank's Cash

Flooding last week destroyed all the cash in the vault of a southeastern Wisconsin bank. Fox River State Bank president Keith Polleck won't disclose exactly how much money was ruined, but he says the Federal Reserve will have to replace every dollar, the AP reports. Polleck toells WISN-TV that the...

Yet More Stomach Trouble for Chipotle

Chipotle's efforts to move past its food scares have been complicated by fresh reports of illnesses, which prompted it to temporarily close a restaurant this week, the AP reports. The company said Tuesday that it closed the restaurant in Sterling, Virginia, after it became aware of a "small number" of...

S&P 500, Nasdaq Close at New Highs

US stocks were divided Tuesday as health insurers declined after the failure of the latest Republican health care bill while a big jump in subscribers for Netflix sent technology and consumer-focused companies higher, the AP reports. Stocks spent most of the day lower after the health care push stalled and...

Paperwork Errors Could Wipe Out $5B in Student Loans

One of the biggest holders of private student loans appears to have flunked Bookkeeping 101—and that could be very good news for a lot of borrowers. The National Collegiate Student Loan Trust, a group of 15 trusts holding 800,000 student loans worth around $12 billion, has been pursuing...

Markets End Day Little Changed

US stocks are closing more or less where they started after a day of wavering between small gains and losses, the AP reports. Retailers gained ground Monday, but banks and health care companies fell. BlackRock fell 3.1% after a disappointing second-quarter report. Gold and copper producer Freeport-McMoRan rose 3....

Bride-to-Be Invites Homeless to Her Canceled Wedding

A young bride-to-be in Indiana turned what was supposed to be her fantasy wedding over the weekend into an act of charity. Sarah Cummins, a 25-year-old pharmacy student at Purdue University, was set to marry Logan Araujo at the Ritz Charles event venue in Carmel on Saturday, but after the...

Best, Worst Cities for First-Time Homebuyers

Prospective first-time homebuyers might want to cast an eye toward Texas and steer clear of California. WalletHub looked at a range of factors including affordability, quality of life, and a particular market's real estate ranking to find the best and worst cities for first-time buyers. The top 10: McKinney, Texas...

Wedding Dress Chain’s Closing Panics Thousands of Brides

Wedding dress retailer Alfred Angelo shuttered stores nationwide on Friday, sending brides-to-be into a panic. The Sun Sentinel reports the Florida-based company filed for bankruptcy protection after failing to find a buyer. The chain has at least 60 shops in the US, and its dresses are sold in more than...

Leaked Documents Reveal Tobacco Company's Secret War

Philip Morris International—the largest publicly traded tobacco firm in the world—"is running a secretive campaign" against a World Health Organization treaty credited with saving millions of lives in what could be "one of the broadest corporate lobbying efforts in existence," Reuters reports.The news agency got its hands...

'Almost an Embarrassment Being American': Jamie Dimon

During JPMorgan Chase's earnings conference call Friday, CEO Jamie Dimon went off on a bit of a tangent. "It's almost an embarrassment being an American citizen traveling around the world and listening to the stupid s--- we have to deal with in this country," he said in response to a...

Modest Gains Push Stocks to Record Highs

Stocks closed modestly higher on Wall Street, notching record highs for several major US indexes, the AP reports. Gains for big technology and health care companies drove the market higher Friday. Microsoft climbed 1.4% and Amgen increased 1.2%. Banks lagged the rest of the market. JPMorgan Chase fell...

8 Colleges That Pay Off the Least

The good news for all the schools below is that they made the US News & World Report list of the best 206 national universities and national liberal arts colleges. The bad news is that 24/7 Wall St culled data to figure out which of those schools offered the worst...

Social Security Recipients May Get Biggest Raise in Years

Millions of Americans who rely on Social Security can expect to see their biggest pay increase in years in January, per projections released Thursday by the program's trustees, the AP reports. The increase is projected to be just 2.2%, or about $28 a month for the average recipient. For...

How a Guy Stuck Behind an ATM Got Out

Instead of money, an ATM in Corpus Christi, Texas, delivered a note reading, "Please Help. I'm stuck in here, and I don't have my phone" on Wednesday. And while some figured the message was meant as a joke, police did eventually free a man stuck behind the machine. In what...

Dow Jones Closes at Another All-Time High

Banks and technology companies posted modest gains on Wall Street, leaving indexes slightly higher at the closing bell, the AP reports. The tiny gains Thursday were enough to mark another all-time closing high for the Dow Jones industrial average. Goldman Sachs and Apple contributed the most to the Dow's gain....

They Lost Their Daughter, Then They Won $1M

A New Jersey couple raising their three young grandchildren after their daughter died of lupus have stumbled on an unexpected silver lining in a tragic situation. Jackie and Rande from Long Branch will bank a cool $1 million after hitting the Mega Millions jackpot, People reports. "I am just very...

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