All Latest News Wires
Burger King wants to buy Tim Hortons, save on taxesBurger King is in talks to buy Canadian coffee and doughnut chain Tim Hortons. If completed, the deal between Tim Hortons and Burger King would create a publicly traded company based in Canada and a way for the burger chain to shave its US tax bill.
Should tax incentives be used to promote health care law?The federal government has long used tax incentives to promote social policies, but some economists insist that the tax system should be reserved for revenue collection.
Bank of America's $17 billion settlement unlikely to help struggling homeownersBank of America will pay almost $17 billion for its role in the 2008 housing crisis. But, consumer advocates argue that Bank of America's historic settlement is unlikely to help homeowners hurt by the crisis.
Home Depot names Craig Menear new CEO starting Nov. 1Home Depot has named Craig Menear its new president and CEO effective Nov. 1, succeeding current Home Depot CEO Frank Blake. Craig Menear is currently president of the company's US retail operations.
Staples closing 140 stores this year amid poor salesStaples will close 140 of its underperforming North America stores this year as it faces stiff competition from mass retailers such as Wal-Mart and Amazon. Staples warned its sales could fall in the current quarter during a Wednesday sales call.
With new record, S&P on pace for best month since FebruaryS&P rises nearly six points, while Dow crosses 17000 for the first time in four weeks. Stock market buoyed by easing tensions overseas, HP results, and plus a fall in the number of people signing up for unemployment benefits.
Got milk? Get fingerprinted, then shop, says Venezuelan presidentPresident Nicolas Maduro announced a new, mandatory grocery fingerprinting system to combat food shortages. In the spring, Venezuela tried a similar system in government-run supermarkets on a voluntary basis.
Sears stumbles in 2Q, retail stores remain company's biggest albatrossSears, controlled by billionaire hedge fund investor Edward Lampert, lost $573 million, or $5.39 per share, for the period ended Aug. 2.
Starbucks customers in Florida 'pay it forward' for over 11 hoursHundreds of Starbucks customers paid it forward on Wednesday. More than 400 Starbucks customers at a Florida store paid for the drink of the customers behind them in line.
S&P 500 approaches new record as stocks riseThe S&P 500 neared a new record Thursday as stocks were mostly higher in early trading. The S&P 500 index rose five points, or 0.3 percent, to 1,991.
UPS hacked: Malware breach at 51 stores in 24 statesUPS Store customers may have had their credit and debit card information exposed by a computer virus found on systems at 51 stores in 24 states. UPS says the information compromised includes names, card numbers and postal and email addresses from about 100,000 transactions between Jan. 20 and Aug. 11.
Florida man hid $1.1 million from the IRS. How did he do it?A Florida man on Tuesday pleaded guilty in New York to criminal charges for concealing as much $1.1 million in offshore accounts. Bernard Kramer pleaded guilty to conspiracy and submitting false tax returns, stemming from a scheme that prosecutors said ran for a quarter century and involved an undeclared Swiss bank account.
Family Dollar spurns Dollar General bid, reaffirms support for Dollar TreeFamily Dollar rejected Dollar General Corp's acquisition offer, citing antitrust concerns, and reaffirmed its support for a buyout offer from Dollar Tree. Dollar General had offered about $9.7 billion to buy Dollar General earlier this week.
Fed minutes: improving economy could speed up interest rate riseSome Federal Reserve officials think the economy is improving fast enough that the Fed will soon need to signal a change in the extraordinary support it's been providing the economy in the form of ultra-low interest rates. Janet Yellen's speech this Friday could shine a greater light on the Federal Reserve's next steps.
Warren Buffett's Berkshire Hathaway to pay $896,000 penaltyBerkshire Hathaway owns more than 80 subsidiaries in a variety of industries, including insurance, utilities, railroads, retail and manufacturing.
Standard Chartered fined $300M for failure to curb money launderingStandard Chartered Bank reached an agreement with New York regulators to pay a $300 million penalty and suspend dollar exchanges through its New York branch for high-risk retail business clients. The Department of Financial Services said Standard Chartered failed to fix compliance problems against money laundering as required under a two-year-old settlement.
Target (TGT) slashes annual profit forecast. Blame Canada.Target (TGT) slashed its annual profit outlook Thursday to reel from a massive data breach, a disappointing expansion in Canada and sluggish sales in the US. Target (TGT) shares plunged more than 2 percent in premarket trading Thursday morning.
Mega Millions jackpot reaches $180 millionMega Millions, a multistate lottery drawing, reached $180 million Tuesday after no player matched the winning numbers. Lottery games like Mega Millions are infamously regressive, but one city has found an intriguing new way to use them.
Steve Ballmer steps down from Microsoft board after 34 years with software giantSteve Ballmer says he plans to devote more time to his ownership of the Los Angeles Clippers, civic contributions, teaching and study.
Chris Kluwe, Vikings reach settlement over punter's pro-LGBT remarksThe Minnesota Vikings and former punter Chris Kluwe have reached a settlement averting a lawsuit over Kluwe's claim that the team wrongfully released him last year because of his outspoken support for same-sex marriage rights.Under the deal, the Vikings will donate an undisclosed sum of money to five gay rights-related charities over the next five years.
