Blog Profile / Business from Newser


URL :http://www.newser.com/section/5/business-news-headlines.html
Filed Under:Business & Finance
Posts on Regator:7643
Posts / Week:18.4
Archived Since:March 4, 2010

Blog Post Archive

Stocks End Choppy Week Slightly Higher

Stocks are ending the week slightly higher after a two-day rally wiped out losses from earlier in the week, the AP reports. The gains Friday were led by technology and banks. Hewlett Packard Enterprise soared 10.5% and former corporate sibling HP rose 3.5% after both reported solid results....

Lisa Marie: I'm Broke, and I'm Suing

The large trust left behind for his daughter by the King of Rock and Roll has been reduced to a reported $14,000 in cash, and Lisa Marie Presley is now suing her former manager for $100 million because of it. Presley—who is reportedly $16 million in debt—argues...

Bank, Car Rental Chain Cut Ties With NRA

The nation's largest privately-owned bank holding company and a major car rental chain are stopping promotions aimed at National Rifle Association members. The Nebraska-based First National Bank of Omaha will not renew its contract to issue the group's NRA Visa Card, spokesman Kevin Langin said in a statement Thursday. "Customer...

Kylie Jenner Tweet 'Wipes $1.3B Off Snapchat Value'

A single tweet from Kylie Jenner is being blamed for a 6% tumble that wiped around $1.3 billion off the stock market value of Snapchat's parent company. On Wednesday, the reality TV star tweeted to her 24.5 million followers: "sooo does anyone else not open Snapchat anymore? Or...

Stocks End Mostly Higher on Wall Street

Stocks closed mostly higher Thursday on Wall Street after much of a midday rally faded away by the closing bell, the AP reports. Industrial stocks contributed the most to the market's gains. United Technologies rose 3.3% a day after its CEO said the company may split up. Energy companies...

Ford Ousts Top Exec for 'Inappropriate Behavior'

Ford Motor Co. has ousted one of its top executives over allegations of inappropriate behavior. North America President Raj Nair is leaving the company effective immediately, Ford said in a statement. His replacement has not yet been named. Ford officials would not specify what behavior led to Nair's departure. Ford...

Dow Ends Day Down 166

Stocks gave up an early gain and ended lower on Wall Street as a late afternoon spike in bond yields sent investors heading to the exits, the AP reports. Bond yields rose Wednesday after the Federal Reserve released minutes from its latest policy meeting which showed bullish sentiment among policymakers....

Self-Service Checkout Scheme Lands Shopper in Jail

Veal liver costs considerably more than fruit... but trying to pass it off as fruit cost a German man considerably more than it would have to just pay full price for the meat. The 58-year-old businessman, who makes nearly $30,000 a month, scanned $58 worth of veal liver at...

Dow Ends Day Down 254

Stocks took a turn lower in afternoon trading, ending a six-day winning streak, the AP reports. Walmart plunged 10% Tuesday after reporting weak online sales and disappointing earnings. Other retailers and grocery store operators also fell. Target gave up 3% and Ross Stores lost 2.7%. A sell-off in the...

Amazon Has New Perk for Rewards Cardholders

Not that Amazon would tell you where to shop for groceries, but if you find yourself in the checkout line at its newly acquired Whole Foods, it might have a suggestion for how to pay. The retail behemoth is now offering 5% cash back to Prime members who use their...

Steve Wynn's Termination Deal Isn't So Great for Steve Wynn

A termination agreement released Friday between embattled casino mogul Steve Wynn and the company bearing his name leaves him without any severance or compensation and prohibits his involvement in any competing gambling business for two years, reports the AP. The Las Vegas billionaire resigned as chairman and CEO of Wynn...

Stocks Rise for 6th Straight Day

Stocks ended an up-and-down day mostly higher Friday, capping a week of strong gains that wiped out more than half of the losses suffered in a series of wild swings in early February, the AP reports. The Standard & Poor's 500 index rose for the sixth day in a row,...

Apple's HQ Apparently Has a Weird Hazard for Workers

Apple's new headquarters in Cupertino, California, has been widely celebrated by architectural critics, but some employees are reportedly encountering a downside: They keep walking into the interior glass walls. MarketWatch reports on at least two incidents in which men walked into a wall seriously enough to require a call to...

10 Best US Companies to Work For

Finding a place to punch in where no one watches the clock all day is every employee's dream, and Fortune has compiled a list of the US companies that just might fit the bill. The magazine looked at feedback from more than 315,000 employees of companies that have at...

Cost of This Drug in 2013: $138. Cost Now: $2,979

A painkiller that cost $138 a bottle less than five years ago now hovers at close to $3,000—the latest price hike to put the pharmaceutical industry in the spotlight. CNNMoney reports Horizon Pharma's latest increase on Vimovo, which has seen nearly a dozen such rate rises since Horizon...

Tech Leads Stocks to 5th Straight Gain

A surge in marquee technology companies pushed stocks higher again Thursday on Wall Street, giving the market its fifth gain in a row, the AP reports. The Dow Jones industrial average rose more than 300 points. Big increases from Apple, Microsoft, and Cisco drove the tech sector higher, helping to...

Cheeseburgers to Vanish From McDonald's Happy Meal Menu

McDonald's will soon banish cheeseburgers and chocolate milk from its Happy Meal menu in an effort to cut down on the calories, sodium, saturated fat, and sugar that kids consume at its restaurants. Diners can still ask specifically for cheeseburgers or chocolate milk with the kid's meal, but the fast-food...

Trump's Military Parade Could Be Pricey: OMB

The White House budget director said Wednesday that a military parade envisioned by President Trump won't come cheap: It could cost between $10 million and $30 million, although that money isn't included in the administration's new budget request. Office of Management and Budget Director Mick Mulvaney told the House Budget...

Market Shakes Inflation Worries, Ends Up

Stocks rose for the fourth day in a row Wednesday on Wall Street after shaking off an early stumble following another sign that inflation was picking up slightly, the AP reports. The market started slightly lower but turned higher within the first hour of trading and kept going. The Dow...

More Market Turmoil? Inflation Higher Than Expected

Given the markets' recent volatility, investors were keeping a closer eye than usual on Wednesday's new inflation report—and they may not be thrilled with the data. The consumer price index showed that prices for everyday goods rose slightly higher than expected in January, reports the Wall Street Journal. That...

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