President Barack Obama's sixth State of the Union address turned out to be pretty much as previewed in a series of strategic spoilers doled out over the past few days: an interesting but doomed populist manifesto of tax cuts for the middle class, tax increases for those who collect much of their income from investments, paid sick leave and community college for all.
Growing concerns about fourth-quarter corporate earnings drove stock prices lower again Wednesday.
NRG Energy Inc. will sell solar power directly to consumers in Colorado as part of a push into renewable energy.
General Dynamics Corp. is reaping the benefits from building nuclear submarines as well as the world’s biggest, fastest business jets.
(Bloomberg) -- The National Football League’s ability to reach its $25 billion revenue target hinges on kids like Ethan Minkoff, a 12-year-old New England Patriots fan whose iPhone 5c displays icons for the league’s mobile application, ESPN’s fantasy app and Electronic Arts Inc.’s Madden game.
Shake Shack Inc., a restaurant chain started in New York for New Yorkers, is convincing potential investors that it can satisfy burger eaters beyond Manhattan.
Shake Shack increased the projected price range for its initial public offering of stock in the burger chain.
Virgin Australia Holdings Ltd. is known for offering bargain airfares, including Happy Hour sales that last a few hours of the afternoon. Still, even shareholders aren’t getting the kind of deal that Richard Branson is.
President Barack Obama said Wednesday that outgoing Defense Secretary Chuck Hagel is a true American patriot who devoted his life to the United States.
The Federal Reserve reiterated Wednesday that it will be “patient” in raising interest rates from record lows even as the U.S. economy moves steadily closer to full health.
The business of bundling riskier U.S. mortgages into bonds without government backing is gearing up for a comeback. Just don’t call it subprime.
(Bloomberg) -- Qualcomm Inc., the biggest maker of mobile- phone chips, reduced its forecast for revenue and profit this year, reflecting lost semiconductor orders at a major customer and more competition in China.
For small-business owners who deliver goods and services via car, truck or SUV, lower gas prices have brought more customers within reach and put more money in their pockets.
(Bloomberg) -- Fiat Chrysler Automobiles NV reported profit that missed analysts’ estimates as costs for recalling faulty vehicles blunted the benefits from a stronger dollar and sales of Ram pickups and Jeep SUVs in the U.S.
Hundreds of people gather every year to hobnob with A-list celebrities at a charity bash thrown in the Super Bowl's host city.
Nomura Holding America Inc. is balking at following 16 other banks in settling a U.S. regulator’s allegations that Wall Street sold flawed mortgage securities during the housing boom, according to two people with knowledge of the matter.
Following the Charlie Hebdo massacre in Paris this month, White House spokesman Josh Earnest briefly became an Islamic theologian.
The Russian opposition figure Alexei Navalny recently said that were it not for Western economic sanctions, Russian tanks would already have swept west to the port city of Odessa, occupying a huge swath of Southern Ukraine and cutting off the rest of the country from the Black Sea.
(Bloomberg) -- Oil tumbled to lowest in almost six years after a government report showed that U.S. crude inventories advanced to the highest level in data going back more than three decades.
President Barack Obama will ask Congress for a hefty, almost 8 percent boost for the Pentagon, including $5.3 billion to equip and train Iraqi soldiers and moderate Syrian rebels to fight Islamic State militants in the Middle East.
(Bloomberg) -- Oil fell in New York as traders anticipated the government will announce that U.S. crude inventories rose to the highest level since 1982.
(Bloomberg) -- Nasdaq 100 Index futures rallied, signaling the equity gauge will rebound from its biggest drop since April, as Apple Inc. and Yahoo! Inc. rallied while investors awaited a Federal Reserve decision on interest rates.
(Bloomberg) -- Loretta Lynch said that if confirmed as the next U.S. attorney general she would focus on battling cybercrime and improving relations between police and the communities they serve.
(Bloomberg) -- Tim Cook’s array of new products boosted Apple Inc.’s sales growth last quarter to the highest level in three years, and the acceleration is set to continue with the introduction of its first smartwatch.
Greece's radical new government on Wednesday signaled the country would backtrack or scrap a series of budget measures its eurozone creditor nations had demanded in exchange for bailout loans.
(Bloomberg) -- As the key spring U.S. homeselling season approaches, buyers are finding deals on new houses as builders focus on boosting revenue.
(Bloomberg) -- For 30 years Del Seymour ran his business from a park bench smack in the middle of prime San Francisco real estate.
(Bloomberg) -- Sears Holdings Corp., the retailer run by hedge fund manager Edward Lampert, eliminated about 115 corporate jobs to cut costs after three years of losses.
(Bloomberg) -- U.S. Steel Corp. shares jumped the most in more than six months after the country’s second-biggest steelmaker reported higher-than-expected profit and sales.
(Bloomberg) -- Roberta Buffett Elliott, the sister of investor Warren Buffett, donated more than $100 million to Northwestern University, the largest single gift in the school’s history.
(Bloomberg) -- As many as 6 million U.S. taxpayers will have to pay a penalty of as much as 1 percent of income because they went without health insurance in part or all of 2014, the Treasury Department said.
(Bloomberg) -- Bank of England Governor Mark Carney said the European Central Bank’s stimulus package will not be enough on its own to solve the euro-area’s economic ills and member states need to integrate more and loosen fiscal policy.
(Bloomberg) -- The Obama administration will make historic changes to how the U.S. pays its annual $3 trillion health-care bill, aiming to curtail a costly habit of paying doctors and hospitals without regard to quality or effectiveness.
(Bloomberg) -- Standard & Poor’s may complete as early as Monday a $1.375 billion accord with the U.S. and 19 states over claims it inflated subprime mortgage-bond ratings before the financial crisis, a person familiar with the talks said.
(Bloomberg) -- The Obama administration proposed opening to offshore drilling an area from Virginia to Georgia in a policy shift sought by energy companies but opposed by environmentalists worried about resorts such as the Outer Banks or Myrtle Beach.
A sheriffs' organization is broadening its concerns about the popular Waze (pronounced “ways”) mobile traffic app. Now it says a feature that lets drivers warn others about nearby police cruisers not only presents a threat to police safety, it also interferes with the ability to write speeding tickets.
(Bloomberg) -- Tom Einhorn, the global head of an event- driven group at UBS Group AG, is leaving the bank to start a hedge fund that will invest in distressed debt, according to three people with knowledge of the matter.
Facebook Inc. (FB) on Wednesday reported fourth-quarter net income of $696 million.
(Bloomberg) -- The dollar rose toward a 10-year high as the Federal Reserve maintained its pledge to be “patient” on the pace of future interest-rate increases while boosting its assessment of the economy and labor market.
(Bloomberg) -- By spinning off its stake in Alibaba Group Holding Ltd., Yahoo! Inc. will remove a key reason for investors to hold the stock -- increasing pressure on Chief Executive Officer Marissa Mayer to revive growth from other assets.
The owners of a $4 million suburban mansion that burned to the ground last year are suing their insurance company for almost $60 million, saying it didn't honor their claims.
(Bloomberg) -- Apple Inc., which has already taken its most aggressive steps in years to blunt the effects of currency swings on revenue, said sales will keep growing this quarter even with the strengthening U.S. dollar.
(Bloomberg) -- Amazon.com Inc. is starting an e-mail and calendar service for professionals dubbed WorkMail, pushing deeper into a corporate technology market that is dominated by Microsoft Corp. and Google Inc.
(Bloomberg) -- U.S. regulators plan to issue rules next month allowing them to review the terms Internet service providers demand for accepting heavy Web traffic from companies such as Netflix Inc., according to a person briefed on the plan.
(Bloomberg) -- Retired players including former Chicago Bears quarterback Jim McMahon asked a federal appeals court to revive a lawsuit accusing the National Football League of giving athletes painkillers and other drugs to mask injuries.
(Bloomberg) -- General Motors Co. should extend its Jan. 31 deadline to accept applications for compensation from people injured by cars with defective ignition switches, two U.S. senators said.
(Bloomberg) -- SS&C Technologies Holdings Inc., a provider of software for the financial services industry, is seeking to acquire Advent Software Inc., according to a person with knowledge of the matter.
(Bloomberg) -- In the past few months, Facebook Inc. has prioritized showing its members video in News Feed. Chief Executive Officer Mark Zuckerberg said on Wednesday that the effort is paying off in a big way.
(Bloomberg) -- McDonald’s Corp. named Google Inc. President of Americas Margo Georgiadis to its board, bolstering the company’s technology expertise as it works to add mobile ordering and payments programs.
For the seventh quarter in a row Facebook beat profit and revenue forecasts, continuing to win more mobile advertising revenue as most users shift to using the site on smartphones and other portable devices.
Amazon is introducing a business email and calendar service that would compete against offerings from Microsoft and Google.
(Bloomberg) -- McDonald’s Corp., the world’s largest restaurant chain, will replace Chief Executive Officer Don Thompson with one of his top lieutenants following the company’s worst U.S. sales slump in more than a decade.
McDonald's Corp. has tapped Steve Easterbrook as its new president and CEO to succeed Don Thompson, who has helmed the burger chain about two and a half years.
(Bloomberg) -- Fiat Chrysler Automobiles NV reported higher profit in the fourth quarter, boosted by U.S. sales of Ram pickups and Jeep SUVs as well as the stronger dollar.
The government says it is finding more guns in carry-on bags at U.S. airports.
Boeing Co. says fourth-quarter profit is up 20 percent as it delivered more commercial planes, offsetting weakness in the defense business.
(Bloomberg) -- Bats Global Markets Inc. is buying a currency-trading venue, making its first foray into the $5.3 trillion market and diversifying its sources of income.
A former Los Alamos National Laboratory scientist who pleaded guilty to trying to help Venezuela develop a nuclear weapon is set to be sentenced.
They were supposed to be saviors of downtown, drawing people by offering parking as plentiful as at any suburban shopping mall.
Tupperware's fourth-quarter profit fell as sales softened, but its performance beat analysts' expectations.
Nissan is recalling nearly 768,000 SUVs worldwide to fix faulty hood latches and electrical shorts that could cause fires.
Hess Corp. (HES) on Wednesday reported a fourth-quarter loss of $8 million, after reporting a profit in the same period a year earlier.
Nintendo reported a nearly six-fold increase in profit for the first three quarters of the fiscal year Wednesday and raised its earnings forecast as a cheap yen masked weak sales.
Shareholders have approved Reynolds American Inc.'s planned $25 billion takeover of rival cigarette maker Lorillard Inc.
A Delaware judge says the Chapter 11 case of casino giant Caesars Entertainment Corp. will proceed in Illinois, not Delaware.
The Food and Drug Administration is requiring makers of heart-zapping defibrillators to submit more data on the emergency care devices after years of recalls and manufacturing problems.
Competitors include other premium sedans such as the rear-wheel drive, 2015 BMW 320i, which has a starting MSRP, including destination charge, of $33,900 with 180-horsepower, turbo four cylinder and eight-speed automatic. But a 2015 BMW 328i with a turbo four cylinder that has the same 240 horses as the base Volvo S60 is much more -- $39,000.
The Obama administration has ordered immigration agents to ask immigrants they encounter living in the country illegally whether they might qualify under President Barack Obama's plans to avoid deporting them, according to internal training materials obtained by The Associated Press.
German consumer confidence is at a 13-year high, buoyed by a rise in disposable income due to collapsing fuel and heating oil costs, a closely-watches survey showed Wednesday.
The Russian government, facing its worst economic crisis in a decade, on Wednesday detailed how it intends to cut spending over the next three years in all parts of the economy except military and social programs.
(Bloomberg Businessweek) -- And you thought it was mom's chocolate-chip cookies.
Global stocks drifted Wednesday after weak earnings from several U.S. companies added to global growth concerns as investors waited for the U.S. Federal Reserve's latest statement on monetary policy.
European Union nations are overhauling anti-terror measures to focus on airline passenger information as part of a strategy to halt the flow of foreign fighters to and from Syria and Iraq.
This recipe readily adapts to your tastes. Just stick with the proportions set out below and you can mix in whatever you like. But a good rule of thumb is to offer a contrast of textures and flavors -- crunchy and soft, salty and sweet, etc. It also helps if the mix-ins are roughly the same size. Pretzels or chips should be broken into smaller pieces, while larger dried fruits such as apricots should be chopped. And if you like, the chocolates can be sprinkled with nonpareils before they set up.
a real-time hub for content from Sunday's game between the Patriots and Seahawks.
(Bloomberg) -- George W. Bush left office six years ago -- and his tax cuts still constrain President Barack Obama’s agenda. Obama had a sharp reminder of that fact this week.