Blog Profile / Business from Newser


URL :http://www.newser.com/section/5/business-news-headlines.html
Filed Under:Business & Finance
Posts on Regator:6901
Posts / Week:18.3
Archived Since:March 4, 2010

Blog Post Archive

S&P 500, Nasdaq See Record Closes Again

Major US stock indexes ended the day pretty much where they started as trading was quiet ahead of the Memorial Day holiday, the AP reports. Meager gains by the Standard & Poor's 500 index and the Nasdaq composite were enough to leave both at record highs. Both marked their seventh...

Little-Known Billionaire's Job: Making Cheese for Our Pizza

You've likely never seen a photo of James Leprino, a 79-year-old reclusive billionaire in Colorado who runs Leprino Foods, a cheese and dairy manufacturing company. But that business is actually an empire—its website says it's the "world's largest producer of mozzarella"—and though Leprino himself may be a mystery...

S&P 500, Nasdaq Close at Record Highs

Stocks indexes closed at record highs on Wall Street again as the market posted its sixth straight gain, its longest winning streak in three months, the AP reports. The Standard & Poor's 500 index and Nasdaq composite closed at all-time highs Thursday. Major retailers posted some of the biggest gains....

Female CEO Who Now Makes More Than Marissa Mayer

Think "well-compensated female CEO" and Marissa Mayer is likely to come to mind, but the Yahoo CEO has been knocked off her perch as the highest-paid one, per an Equilar-AP analysis. The survey included only women CEOs who've been in their roles for at least two years at companies on...

Dow Ends Day Up 74

US stocks are posting their fifth straight gain, setting another record high for the Standard & Poor's 500 index, the AP reports. The slow but steady gains over the past several days were enough to erase most of the losses the market took in a sharp downturn last Wednesday. Technology...

PayPal Sues Pandora Over Logo

Pandora unveiled a new logo for its mobile app in October, and PayPal is now suing over it, saying it looks too similar to the logo PayPal uses on its own mobile app, the New York Post reports. Gizmodo has a comparison of the icons—a single P for Pandora...

Tenants Shocked to Learn Their 'Slumlord' Is Jared Kushner

They nickel and dime down-on-their-luck tenants for small fees and hound former tenants for unpaid rent. They drag their heels on fixing plumbing or cleaning up black mold. They post late-rent notices in public areas where neighbors can see them. One woman calls them "slumlords." And they—various real-estate management...

Dow Ends Day Up 43

Stocks clawed back more of the ground they lost last week and posted their fourth gain in a row, the AP reports. Banks and health care stocks rose more than the rest of the market Tuesday. Banks were benefiting from higher bond yields, which allow them to charge higher rates...

Amazon CEO Jeff Bezos' Big Idea Was Bananas

There's always money in the banana stand. Unless you're Amazon, of course. Then you just give those suckers out for free. The tech giant tells the Wall Street Journal it gives away about 8,000 bananas to employees and hungry passersby every weekday from two stands at its Seattle campus....

Trump Budget Calls for Big Changes to Student Aid

The Trump administration is proposing to eliminate subsidized student loans and end student debt forgiveness for those who enter public service, according to a budget document released late Monday. The proposals are likely to face criticism amid calls to make college more affordable and as millions are struggling to pay...

Dow Ends Day Up 90

Technology companies led US stock indexes broadly higher on Wall Street Monday, the AP reports. Ford rose 2.1% after replacing its CEO. Defense contractors also made gains as the market bounced back from a turbulent week. Consumer-focused companies also rose. Amazon climbed 1%. Energy companies bucked the broadly higher...

Tougher 'Able-Bodied' Work Rules Expected for Benefits

President Trump unveils his first detailed budget plan on Tuesday, and word leaking out in advance suggests he wants big cuts for Medicaid and food stamps. The Washington Post reports that Trump's budget slashes Medicaid by $800 billion over 10 years, meaning he's on board with the House vision to...

Next From Fyre Fest's Ashes: Lawsuits, FBI Investigation

People won't soon forget the Ja Rule "luxury" music fest in the Bahamas that ended in chaos. But even though the performer and his business partner, Billy McFarland, apologized afterward, the pair's company, Fyre Media, has now been slammed with more than a dozen lawsuits, and a source tells the...

Ford's New CEO: Guy Who Helped Turn Around Michigan Football

Mark Fields' tenure as Ford Motor CEO is coming to an end after just three years, during which the company's shares plunged 40%. The New York Times details various bumps in his road: recent safety recalls, the discarded plan to build a $1.6 billion plant in Mexico, Q1 profit...

US Stocks End Week Down After Wednesday's Big Drop

Industrial companies led US stocks broadly higher Friday, extending the market's modest gains from the day before, the AP reports. Investors were cheering solid earnings from several companies. Banks and materials stocks were also up sharply. Energy companies also moved higher as the price of crude oil rose. Deere &...

Painting Made by 21-Year-Old in 1982 Busts Auction Records

An artwork created by a 21-year-old American in 1982 broke several records at an auction in New York City Thursday night—including most expensive work by a US artist. Jean-Michel Basquiat's untitled painting of a skull sold for $110.5 million to Japanese fashion tycoon Yusaku Maezawa, who set the...

Stocks Recover Ground Day After Big Slump

Solid gains in phone companies and some retailers pushed US stock indexes modestly higher on Wall Street, recouping some of the ground they lost a day earlier, the AP reports. AT&T and Verizon each rose 1.3% Thursday. Walmart Stores rose 3.2% and L Brands climbed 2.7% after...

American Household Debt Hits New Record High

It's beginning to look a lot like 2008. The New York Times reports Americans had $12.7 trillion in household debt during the first quarter of 2017—a record high beating out the previous peak, which came immediately before the financial crisis. The new record was announced Wednesday by the...

Market Sees Worst Drop Since September

Stocks fell sharply as investors worried that the latest turmoil in Washington could hinder President Donald Trump's pro-business agenda, the AP reports. The steep drop Wednesday was the market's worst since September and ended an unusually long period of calm. Banks, which soared in the months since the election, slumped....

Man Calls His Date 'Threat to Civilized Society,' Sues Her

"I am fully aware of the weirdness of this situation," Brandon Vezmar tells KVUE. The 37-year-old from Austin, Texas, filed a complaint Thursday in Travis County small-claims court against a 35-year-old Round Rock woman for $17.31—the price of the 3D movie ticket he purchased for her on their...

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