All Latest News Wires
Harold Hamm, oil tycoon, ordered to pay $1 billion divorce settlementHarold Hamm's ex-wife, Sue Ann Hamm, was an executive in his company and will now be one of the wealthiest women in the United States.
- Why the Ford F-150 will be made of aluminum now
The 2015 Ford F-150 will have an aluminum body that will boost gas mileage. But will it be as a durable as steel?
- Obama to FCC: Adopt net neutrality rules, avoid Internet 'fast lanes'
The Federal Communications Commission is nearing a decision on how far to go to protect Internet consumers from backroom deals between broadband providers like Verizon and AT&T and content companies like Netflix.
Pizza Hut gets a massive overhaul. Curry crust, anyone?Pizza Hut is seeking to recharge its business with a massive menu expansion, a revamped digital experience and a nationwide rollout of skinny pizzas. The new Pizza Hut menu includes 10 new crusts, such as honey sriracha, and themed ones like "Get Curried Away;" and sauce additions like garlic parmesan.
Laundry detergent pods poison hundreds of children, report findsLaundry detergent packets sometimes mistaken for toys or candy landed more than 700 US children in the hospital in just two years, researchers report. The laundry detergent packs, which became widely available in the US two years ago, are multicolored and may look enticing to young children.
Takata ordered documents in air bag recall destroyed, report saysTakata ordered its technicians to destroy results of tests on some of its air bags after finding cracks in air bag inflators, the New York Times said on Friday. More than 17 million cars by 10 manufacturers, including Honda and Toyota, have been recalled worldwide over Takata air bags.
Home Depot hackers stole 53 million e-mail addresses with card dataHome Depot said Thursday that hackers accessed its network from a third-party vendor. The Home Depot breach surpassed Target's pre-Christmas 2013 data theft, which compromised 40 million credit and debit cards and hurt sales and profits.
Facebook launches Ebola donation buttonFacebook is stepping up its efforts to fight Ebola by adding a button designed to make it easier for its users to donate to charities battling the disease. Working with the nonprofit NetHope, Facebook is also deploying 100 satellite communication terminals to boost Internet and phone services to Ebola-stricken areas in West Africa.
Fannie Mae, Freddie Mac post third quarter profitsThe gradual recovery of the housing market has made the US government-backed mortgage giants profitable again.
US jobless claims fall by 10,000 to hit a 14-year lowJobless claims in the US fell 10,000 to a seasonally adjusted 278,000, according to the Labor Deaprtment. The four-week average for jobless claims declined 2,250 to 279,000, the lowest level in more than 14 years.
Why investors love midterm electionsRepublican dominance in yesterday's midterm elections have pushed the US dollar to a seven-year high agains the yen and given an early boost to stocks Wednesday morning. There's a reason why investors salivate when midterm elections cycle through.
ADP: US private employers added 230,000 jobs in OctoberUS companies added 230,000 jobs in October, the most in four months and a sign that businesses are still willing to hire despite signs of slowing growth overseas, according to payroll processor ADP. September payroll gains from ADP also were revised higher, to 225,000 jobs.
Ford recalls over 202,000 cars, vans, and trucksFord issued 5 different recalls Monday, to fix gas leaks, air bag sensors, stalling, and other issues. No injuries have been reported.
US trade deficit grows in SeptemberEconomic slowdowns in Europe and China had a negative effect on the US economy.
Alibaba (BABA) Q2 revenue jumps 54 percent, boosts stocksAlibaba's (BABA) second-quarter net income fell 39 percent as it spent more , but its revenue surged 54 percent to $2.74 billion, beating analysts' expectations. Alibaba (BABA) stock rose 3 percent in premarket trading on the news.
- Japan's stocks soar while the rest of Asia sags
Asian stock markets on the whole were dragging early Tuesday morning, but Japan's Nikkei rose to a fresh seven-year peak.
Auto sales get a boost from Chrysler, Nissan, and HondaChrysler, Nissan and Honda all reported US sales gains last month as falling gas prices and an improving economy boosted sales of pickup trucks and SUVs. Chrysler said its US sales rose 22 percent to 170,480 for its best October since 2001.
Bank of Japan ups stimulus to combat low inflationCiting prices that are too low, the Bank of Japan moved Friday to inject more stimulus into Japan's financial system. Excessively low inflation can be just as destructive economically as runaway price increases.
Bank of Japan's surprise stimulus sends stocks soaringBank ofJapan announced additional purchases of government bonds Friday, but the real market mover was the announcement that the country's Government Pension Investment Fund would put half its assets in stocks and cut its holdings of government bonds by a third.
Consumer spending falls, but wage gains reach 6-year highConsumer spending fell for the fist time in eight months in September, but wages recorded their highest increase in over six years. Consumer spending declined 0.2 percent last month after a 0.5 percent increase in August. Wages and salaries rose 0.8 percent.
