All Latest News Wires
Money and politics: Who are best at tapping rich for political cash?Liberal-minded donors shelled out the most cash for the 2014 midterms – at least among groups that must disclose what they raise and spend.
Dow closes above 18,000 for first timeEncouraging economic reports push Dow, S&P to new record highs. Nasdaq stock index falls 16 points, however.
US economy soars, growing at fastest rate since 2003Third-quarter GDP rose 5 percent on health-care spending and business spending on structures and computer software, the Commerce Department reported Tuesday. The upbeat GDP report pushed stocks higher.
Keurig recalls more than 7 million coffee machinesThe affected machines are Keurig Mini Plus brewers made between December 2009 and July 2014. Keurig says it has received some 90 reports of injuries caused by hot liquid escaping from its machines.
- Super Saturday: Last-minute holiday shopping tips and tricks
Only about half of shoppers had finished shopping as of Dec. 10. Here are a few tips for last-minute shoppers.
Ford expands drivers air bag recall nationwideThe Ford national recall covers certain 2005 to 2008 Mustangs and 2005 and 2006 GT sports cars.
Unemployment claims slide to six-week low. Jobs outlook 'upbeat.'Jobless claims filed by US Americans unexpectedly fell last week, suggesting the labor market continued to strengthen. Initial jobless claims ropped by 6,000 to a seasonally adjusted 289,000 for the week that ended Dec. 13, the Labor Department said on Thursday.
US consumer prices slide by most in six years thanks to cheap gasConsumer prices fell 0.3 percent last month, the largest decline since December 2008, after being flat in October. The fall in consumer prices has been aiding by plunging crude oil prices, which hit a fresh 5-1/2 year low this week on increased shale production in the US and slowing global demand.
Fed removes 'considerable time' from rate guidance. Stocks surge.The Federal Reserve removed 'a considerable time' from its statement Wednesday, a widely-expected signal of an interest rate hike .Still, the Dow was up more than 250 points on the day Wednesday immediately following the Fed statement.
Construction stalls in November, but US housing market is improvingUS housing starts and permits fell in November, but the underlying trend remained consistent with an improving housing market. Housing continues to be stymied by tepid wage growth and higher mortgage rates, but wages are expected to pick up next year and pull in first-time buyers.
As ruble slide continues, Wall St. looking downThe collapse in the ruble, which has spurred ordinary Russians to buy imported products such as fridges and cars and is stoking inflation, is likely to heap pressure on President Vladimir Putin.
Amazon extends free-shipping deadline by 1 dayAmazon is courting last-minute holiday shoppers by extending its free-shipping deadline to Dec. 19. Amazon says members of its $99 annual Prime loyalty program can order by Dec. 22 for two-day shipping.
Russian ruble falls against dollar even as oil prices inch upA roundup of world business headlines on Monday, including the slide in value of the Russian currency.
US jobless claims fall to three-week lowJobless claims filed by US workers fell last week, pointing to a strengthening labor market. Initial jobless claims for state unemployment benefits slipped by 3,000 to a seasonally adjusted 294,000 for the week ended Dec. 6, the Labor Department said on Thursday.
What's next for Abercrombie & Fitch?Abercrombie & Fitch CEO Mike Jeffries' retirement comes as the retailer has struggled to keep pace with the tastes of teen shoppers. Abercrombie said it had hired an executive search firm to identify internal and external candidates for the CEO position.
Restaurant owner: $4 feud with Harvard professor 'broke my heart'Harvard Business School professor Benjamin Edelman launched an email wresting match with a Chinese restaurant after reportedly being overcharged $4 on a $53.35 order of Chinese food. Edelman teaches in the Negotiation, Organizations & Market unit of Harvard Business School.
Uber sued in LA, San Francisco for 'exaggerating' background checksUber was sued by prosecutors in San Francisco and Los Angeles Tuesday, adding to the popular ride-sharing startup's legal woes. The allegations against Uber include misrepresenting background checks on drivers, as well as charging passengers unauthorized fees for certain trips.
No shutdown: Lawmakers agree on $1.1 trillion spending billTime running short, Republicans and Democrats agreed Tuesday on a $1.1 trillion spending bill to avoid a government shutdown.
Abercrombie & Fitch CEO Jeffries retires after controversial tenureAbercrombie & Fitch's longtime CEO Michael Jeffries is retiring, effective immediately, as the once-hip teen clothing chain's sales decline. Abercrombie & Fitch has been looking to stock trendier clothing and has even worked on stripping its once-prized Abercrombie logo off products.
Nissan recall affects 470K cars, SUVs with fuel leak problemNissan is recalling about 470,000 cars and SUVs worldwide to fix a problem that can cause fuel leaks. In the US, the recall covers about 134,000 vehicles with direct fuel injection engines including the Juke SUV from the 2012 through 2014 model years, and the Infiniti M56 and QX56 from 2012 and 2013.
