If a carmaker named its latest product “All Road,” it would have to be pretty darn confident it can handle hills and dales, freeways and byways, snow and sleet.
Netflix is more popular among couch potatoes than investors a year after its polarizing decision to raise U.S. prices for video subscription services.
Consumer confidence stagnated last week as scant improvement in the labor market left Americans more discouraged about the economy.
The new owners of the Dow Jones Industrial Average will face their first decision on how the 116-year-old gauge should be composed when Kraft Foods Inc. splits itself in two later this year.
Some 450,000 Yahoo users' email addresses and passwords have been leaked because of a security breach, the company confirmed Thursday, adding that just a small fraction of the stolen passwords were valid.
The Senate's Democratic leader insisted on Thursday that if House Republicans desperately want to avert automatic cuts to the military, they have to compromise and make tax increases part of any solution.
In the last decade, the decrepit piers and industrial zones along five miles of the Hudson River on Manhattan's West Side have been utterly transformed.
The number of Americans who owe more on their mortgages than their homes are worth declined in the first three months of the year, aided by a modest rebound in U.S. home prices.
Yahoo's restless shareholders let interim CEO Ross Levinsohn know that they won't give him much time to fix the troubled company if he gets the job on a permanent basis.
U.S. lenders are notifying more delinquent homeowners they face foreclosure, a step toward clearing a backlog of properties and helping to accelerate a housing recovery.
Development of skyscrapers taller than the Chrysler Building may be allowed near Manhattan’s Grand Central Terminal under preliminary zoning plans presented by New York’s Department of City Planning.
Manhattan apartment rents rose the most in five years as would-be homeowners struggling to get mortgages lingered in the leasing market, competing for space with transplants and new college graduates.
Banks are increasingly placing homes with unpaid mortgages on a countdown that could deliver a swell of new foreclosed properties onto the market by early next year, potentially weighing further on home values.
Average U.S. rates on fixed mortgages fell again to record lows, giving would-be buyers more incentive to brave the housing market.
The number of people seeking U.S. unemployment benefits plunged last week. But a big reason is that automakers have skipped some of their usual summer shutdowns to keep up with demand, causing fewer temporary auto layoffs.
“Outsourcing” has become such a dirty word that it’s hard to believe there could actually be something called the International Association of Outsourcing Professionals. What next? The Society of Professional Child Molesters?
The price of oil has been on a bumpy ride, changing direction almost every day this month as the economy sputtered along.
July 12 (Bloomberg) -- Prices of goods imported into the U.S. decreased more than forecast in June as declining energy costs curbed inflation.
July 12 (Bloomberg) -- Fewer Americans than forecast filed first-time claims for unemployment insurance payments last week, reflecting the volatility of applications during the annual auto-plant retooling period.
July 12 (Bloomberg) -- Oil fell in New York on signs from Asia and the U.S. that the global recovery is faltering and eroding demand for fuels.
Ireland is making good progress in its attempts to wean itself off its international bailout and start paying its own way, according to the country's debt inspectors.
Global stock markets fell Thursday on fears growth may slow in China and after U.S. Federal Reserve minutes indicated the central bank may not move as quickly as hoped to stimulate the country's economy.
July 12 (Bloomberg) -- Customers’ claims on Peregrine Financial Group Inc., whose founder is accused by regulators of misappropriating more than $200 million, may fetch less than a quarter of their value in the wake of the firm’s bankruptcy, a trader said.
The president of Nike Inc. says he has decided to change the name of the Joe Paterno Child Development Center, a child care facility at the company's headquarters.
Personal computer sales sagged during the spring as shifting technology trends, upcoming product releases and a shaky economy dampened demand for the machines currently on the market.
July 12 (Bloomberg) -- A U.S. appeals court reviewing the first of 21 class-action cases by FedEx Corp. drivers claiming they’re company employees and not independent contractors asked the Kansas Supreme Court how drivers are classified under that state’s law.
July 12 (Bloomberg) -- Microsoft Corp. eliminated several hundred jobs, mostly in advertising sales and marketing, as part of a review of staff tied to the start of a new fiscal year, a person familiar with the matter said.
The former president and CEO of Celebrity Cruises is bracing for waves of a different kind as he takes on the same roles at hair salon operator Regis Corp.
July 12 (Bloomberg) -- Hortifrut SA rejected higher bids at its initial public offering because it wanted to accept lower- priced offers from Chilean pension funds, chairman Victor Moller said. Hortifrut, the country’s largest frozen and fresh berries exporter, sold 103.6 million shares at 320 pesos each, raising 33 billion pesos ($67 million) in Chile’s second IPO this year, the Santiago stock exchange said. The price is below the 335- to-340 peso target range the company had set, according to Moller.
An industry group says the price of airlines tickets rose 5.5 percent during the first half of this year.
The U.S. budget deficit grew by nearly $60 billion in June, remaining on track to exceed $1 trillion for the fourth straight year.
July 12 (Bloomberg) -- Wells Fargo Bank NA charges inflated premiums when it procures “force-placed” property insurance for homeowners whose coverage has lapsed, a Pompano Beach, Florida, lawyer, claimed in a lawsuit.
July 12 (Bloomberg) -- Yahoo! Inc., operator of the biggest U.S. Web portal, said that as many as 450,000 user names and passwords were stolen from one of its sites.
A U.S. Senator is questioning whether the government thoroughly investigated electronic gremlins that could have caused Toyota vehicles to accelerate unexpectedly.
have reached a tentative settlement with the health care giant.
The future of supermarket chain Supervalu is becoming cloudier.
July 12 (Bloomberg) -- Procter & Gamble Co. board members are dissatisfied with Chief Executive Officer Robert McDonald’s performance and discussing a possible leadership change, according to people familiar with the situation.
Women's retailer New York & Co. said Thursday it expects it expects a key sales measurement to improve in the second quarter.
July 12 (Bloomberg) -- Darden Restaurants Inc., operator of the Red Lobster and LongHorn Steakhouse chains, agreed to acquire Yard House USA Inc. for $585 million in cash.
July 12 (Bloomberg) -- Nintendo Co., the video-game machine maker trying to recover from an annual loss, said its 3DS portable console surpassed more than 5 million units sold in the U.S.
PHNOM PENH, Cambodia (AP) _ The Obama administration pressed Beijing on Thursday to accept a code of conduct for resolving territorial disputes in the resource-rich South China Sea, a difficult U.S. mediation effort that has faced resistance from the communist government -- although it has endeared the U.S. to once-hostile countries in Southeast Asia.
The Spanish government's latest round of austerity measures failed to reassure investors and markets Thursday as the country's borrowing costs started to rise again.
Stock futures are heading lower ahead of the latest employment report that is expected to illustrate just how the slowly the economic recovery is playing out.
New York's attorney general says three Asia-based companies have agreed to pay $571 million to settle claims by officials in eight states that they conspired to inflate prices for liquid crystal display screens used in televisions and computer monitors.
In two weeks, if the worst transportation predictions come true, the streets of London will be clogged with hopeless Olympic gridlock, the venerable but tottering subway will be a nightmare of delays and overcrowding and commuter trains will slow to a crawl.
July 12 (Bloomberg) -- America became great because it transformed its vast natural resources -- Iowa farmland, Mesabi iron, Texas crude -- into human capital, equipped with skills to succeed in the Information Age.
The economic sentiment is “exceedingly glum” all around the world as the public mood has worsened since 2008, with the global economic crisis “widely eroding” support for capitalism.
July 12 (Bloomberg) -- Wells Fargo & Co. agreed to pay $125 million to settle U.S. allegations that it discriminated against minority borrowers in making residential mortgages.
July 12 (Bloomberg) -- Gambling revenue on the Las Vegas Strip tumbled 18 percent to $475.1 million in May as casinos kept the lowest percentage of blackjack bets there ever. The stocks fell.
July 12 (Bloomberg) -- Martha Stewart Living Omnimedia Inc., which operates stores within J.C. Penney Co. locations, rose to a three-month high after saying an amended agreement boosts minimum fees from the retailer by 64 percent.
July 12 (Bloomberg) -- United Continental Holdings Inc. ordered 150 single-aisle jets with a catalog value of $14.7 billion from Boeing Co. as the world’s largest airline works to cut its fuel bill by replacing older, less efficient planes.
July 12 (Bloomberg) -- Elisabeth Murdoch will step down as chief executive officer of Shine Group, the TV production business behind “The Biggest Loser” that she founded in 2001, to focus on her role as chairman as the News Corp. unit expands.
Mitt Romney's campaign is accusing President Barack Obama of being dishonest.
July 12 (Bloomberg) -- Republican legislators across the country have recently reinvigorated debate about the “right to work.” To the great fury of Democrats, they have introduced bills to either create or strengthen laws prohibiting unions from bargaining for contract clauses that make membership a requirement to work in an organized firm.