All Latest News Wires
- Jobless claims jump 11K, but less than expected
Jobless claims increased 11,000 to a seasonally adjusted 278,000 for the week ended Jan. 31, the Labor Department said on Thursday. Economists had forecast jobless claims rising to 290,000 last week.
- Secret Vermont multimillionaire had two hobbies: collecting firewood and stocks
Ronald Read left $4.8 million to Brattleboro Memorial Hospital and $1.2 million to the Brooks Memorial Library. Until he died, not even his stepson knew that Read had amassed an $8 million fortune in stocks.
ADP: US employers added 213,000 jobs in JanuaryADP said Wednesday that companies added 213,000 jobs last month, a decent increase though also the smallest in four months. The ADP figure suggests Friday's government jobs report will also show a solid burst of hiring.
Staples to buy rival Office Depot in $6 billion dealStaples announced the $6 billion acquisition of rival Office Depot Wednesday, another major consolidation in the retail office supply business. The Staples purchase comes a little more than a year after Office Depot combined with OfficeMax, with too many stores fighting for too few sales
RadioShack kicked off NYSE; Sprint and Amazon circleRadioShack will be delisted from the New York Stock Exchange after struggling with weak sales that have rendered it unprofitable. NYSE plans to delist Radio Shack and suspend its shares because the company does not intend to submit a plan to address the issue.
S&P to pay $1.37 billion to settle charges over crisis-era ratingsStandard and Poor's settlement also resolves lawsuits filed by the attorneys general of 19 states and the District of Columbia.
- Why Coke jumped into the 'premium' milk market
Comedian Stephen Colbert referred to Coke's new milk, Fairlife, as "extra expensive science milk."
US consumer spending drops in December thanks to weak car salesUS consumer spending fell 0.3 percent in December, compared to a 0.5 percent increase in November. Cheaper gasoline and fewer auto sales accounted for most of the consumer spending decline.
- Why Super Bowl ticket prices near $9,000
Sunday's Super Bowl matchup between New England and Seattle is on pace to be the most expensive Super Bowl ticket in history.
- Airbag recall hits 2 million Toyota, Chrysler and Honda vehicles
The airbag recall includes some Acura MDX, Dodge Viper, Jeep Grand Cherokee, Honda Odyssey, Pontiac Vibe, Toyota Corolla and Toyota Avalon models made from 2002 to 2004
Shake Shack IPO: Shares rocket 130 percent in market debutShake Shack stock spiked more than 130 percent in its trading debut Friday after pricing at $21 per share. Restaurateur Danny Meyer started Shake Shack, which debuted under the ticker symbol 'SHAK,' in 2001 out of a hot dog cart in a New York City park.
US GDP grew at 2.4 percent rate in 2014, best since 2010GDP expanded at a 2.6 percent annual pace in the fourth quarter, slowing after the third quarter's spectacular 5 percent rate, the Commerce Department said in its first GDP snapshot on Friday.
Apple eats away at Samsung's global market shareThe newest iPhone release has fueled earnings that indicate Samsung is facing a strong challenge as the leader in the global smartphone market.
US jobless claims tumble to unexpected 15-year lowJobless claims dropped unexpectedly last week, bolsters views of tightening labor market conditions and comes a day after the Federal Reserve maintained its upbeat assessment of the jobs market. Jobless claims dropped 43,000 to a seasonally adjusted 265,000 for the week ending Jan. 24.
Ford earnings fall, but Wall Street is still pleasedFord came out ahead of Wall Street's expectations for the fourth quarter and the full year, despite falling net income and earnings. For the full year, Ford's earnings fell 56 percent to $3.2 billion, or 80 cents per share.
McDonald's stock surges with CEO's resignationMcDonald's announced the resignation of CEO Don Thompson Wednesday, as the world's largest hamburger chain struggles with sliding sales and negative image perception. McDonald's shares jumped 3 percent in after-hours trading.
Nissan recall includes 768K SUVs for electrical, hood problemsNissan will recall 768,000 Rogue and Pathfinder SUVs to fix faulty hood latches and electrical shorts that could cause fires. The Nissan recalls affect vehicles sold between 2008 and 2014.
After 'staggering' iPhone sales, what's next for Apple?Apple sold 74.5 million new iPhones in three months last year, but experts worry that Apple depends too much on the iPhone, leaving the company vulnerable if some other gadget comes along to replace it in popularity.
US consumer confidence reaches levels not seen in nearly eight yearsThe US economy grew from July through September of last year at a 5 percent annual rate, fastest in 11 years.
Fed expected to hold on mid-2015 rate hike, despite doubtsThe Federal Reserve starts its much-anticipated two-day meeting on Tuesday. Experts expect the Fed to acknowledge the uncertain global outlook and stick to its promise to be patient on tightening, but continue to signal a lift-off in interest rates in mid-2015.
