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GM recalls Chevy Cruze for engine fire risk. Is yours on the list?GM (General Motors) is recalling more than 475,000 Chevy Cruze models due to a risk for engine fires. The GM Chevy Cruze has been one of the most popular compact cars n the US in recent years.
Oil prices increase, but stay near 8-month lowsOil prices made small gains above $78 a barrel Friday but remained near eight-month lows after signs of slowing global economic growth triggered a sharp plunge this week. Most indicators hint at a continuing slide for oil prices.
$1.3 million utility bill? Monthly payment stuns Texas woman.$1.3 million utility bill sent to a woman in Abilene, Texas was so huge she thought it was a joke. She is still waiting for a replacement for her $1.3 million utility bill.
Bad reports give Dow its second-worst day of yearThe Dow started sinking after the Fed's Philadelphia branch reported a manufacturing slowdown resulting from a steep drop in companies' orders. It only got worse, as the index ultimately lost 250 points to close at 12,573, a 2 percent drop.
Good Humor shortage: Heat wave exhausts ice cream supplyGood Humor shortage has hit the Northeast – a result of a sweltering heat wave combined with the closing of one of the ice cream maker's manufacturing plants. The Good Humor shortage mainly affect's the brand's popular toasted almond bar.
Fed's latest action doesn't impress investorsThe Federal Reserve's latest plan to help the economy failed to impress Wall Street on Wednesday, as stocks finished slightly lower for the day, and not much better than they were before the Fed announcement. The Dow closed down 12 points to end at 12,824.
Jeff Bezos and the $42 million immortal clockAmazon founder and entrepreneur Jeff Bezos has enlisted the Long Now Foundation to build a clock that will last thousands of years. Jeff Bezos estimates the device will cost $42 million.
J.C. Penney stock tumbles after president's exitJ.C. Penney stock tumbled Tuesday after the sudden exit of Michael Francis, who was brought in last October to help redefine the department store's brand. J.C. Penney stock fell 10.1 percent by midday Tuesday, nearing its lowest levels in two years.
Aer Lingus gets buyout bid from RyanairAer Lingus, the Irish jetliner may be bought out by Ryanair. Europe's leading budget airline has offered $880.7 million for Aer Lingus and called on the cash-strapped Irish government to sell its key stake in the airliner.
Burger King stock returns to the marketBurger King returns to the New York Stock Exchange Wednesday, two years after being taken private by owner 3G Capital. Only 16 percent of Burger King shares will be available for trading once the company returns to public life.
Job openings plunge to 5-month lowJob openings tumbled to their lowest point in five months in April, as employers posted fewer positions. The slump suggests job openings and hiring will remain sluggish in the months ahead.
Stocks jump nearly 100 points on hopes of Fed actionOptimistic traders turned their focus back to corporate news from the US as banks and materials stocks led the market higher.The Dow Jones industrial average soared 95 points to 12,837, its highest close in a month.
JPMorgan Chase CEO: Shareholders had risk infoJPMorgan Chase CEO Jamie Dimon insisted his bank did its best to inform investors about its risk strategy preceding its $2 billion-plus trading loss. JPMorgan Chase used risk assessment models that provided the best information at the time, according to Dimon.
Gas prices drop, following oil's leadGas prices across the US continued to drop Tuesday, as the national average dropped below $3.50 a gallon for the first time since February. Gas prices are following oil's price decline, though oil prices ticked up slightly.
Jamie Dimon fields Congress questions on $2B trading lossJamie Dimon, the embattled JPMorgan Chase CEO, returns to Congress Tuesday to face more questions about the $2 billion trading loss incurred by the bank. Jamie Dimon is testifying before the House Financial Services Committee.
US stocks meander as European debt crisis festersUS indexes opened lower, then drifted between modest gains and losses. Homebuilders rallied after a measure of confidence rose to a five-year high. The Dow Jones industrial average closed down 25 points, to 12,741.
US stocks down early as Europe takes center stageUS stocks slipped Monday as the markets remained focused on the news in Europe. US stocks futures on the Dow fell 65 points to 12645 as optimism over Greek elections failed to dim worries over the eurozone's continuing debt issues.
Oil prices slide as hopes for Greece fadeOil prices fell near $83 per barrel Monday as worries lingered over the eurozone debt crisis despite optimism over Greek election results. Benchmark oil prices for July were down $0.75 to $83.28 a barrel.
Stocks at 1-month high; now all eyes turn towards GreeceStocks recorded their third big gain of the week and closed at a one-month high because of expectations that the fall-out from the debt crisis in Europe may be slowing. The Dow Jones industrial average climbed 115 points to close at 12,767.
Stock market up early as Europe awaits Greek electionsStock market futures in the US rose Friday after a volatile week, as Europe brased for the results of elections in Greece. The stock market is anticipating action by major European central banks to head off a crisis in the region.
