More Business Articles

  • Splunk, Tesla are big market movers

    Updated: Fri, Aug 29, 2014

    NEW YORK (AP) — Stocks that moved substantially or traded heavily Friday on the New York Stock Exchange and the Nasdaq Stock Market: NYSE Big Lots Inc., down 85 cents to $46.35 Shares of the discount retailer fell, even as it reported a second-quarter profit that beat Wall Street...

  • Stock market closes at record high

    Updated: Fri, Aug 29, 2014

    The Standard & Poor's 500 is ending the week at a record high after a day of quiet trading. Chip maker Avago Technologies jumped nearly 8 percent after reporting earnings that beat analysts' estimates. The latest reports on the U.S. economy were mixed. Consumer sentiment improved in...

  • Recalls this week: laptop power cords, helmets

    Updated: Fri, Aug 29, 2014

    Nearly 6 million laptop power cords that can overheat and start a fire are among this week's recalled consumer products. Others include potentially faulty helmets and bunk beds. Here's a more detailed view: LAPTOP POWER CORDS DETAILS: Power cords that came with HP and Compaq laptops...

  • Figures on government spending and debt

    Updated: Fri, Aug 29, 2014

    WASHINGTON (AP) — Figures on government spending and debt (last six digits are eliminated). The government's fiscal year runs Oct. 1 through Sept. 30.

  • US rig count up 18 to 1,914

    Updated: Fri, Aug 29, 2014

    HOUSTON (AP) — Oilfield services company Baker Hughes Inc. says the number of rigs exploring for oil and natural gas in the U.S. increased by 18 this week to 1,914. The Houston firm said Friday in its weekly report that 1,575 rigs were exploring for oil and 338 for gas. One was listed...

  • Startups offer banking for smartphone users

    Updated: Fri, Aug 29, 2014

    NEW YORK (AP) — The latest banks are small enough to fit in the palm of your hand. Startups, such as Moven and Simple, offer banking that's designed specifically for smartphones, enabling users to track their spending on the go. Some things haven't changed. Like traditional banks,...

  • Firm: Atlantic City losing 3 casinos, not business

    Updated: Fri, Aug 29, 2014

    ATLANTIC CITY, N.J. (AP) — A Wall Street firm predicted Friday that much of the revenue generated by three Atlantic City casinos that are closing will remain in the city after they're gone. Fitch Ratings predicted in a report that the city's casino revenues will decline to $2.5...

  • Court won't restore Oracle's $1.3B verdict vs. SAP

    Updated: Fri, Aug 29, 2014

    SAN FRANCISCO (AP) — A federal appeals court is refusing Oracle Corp.'s request to reinstate a $1.3 billion verdict it won against German rival SAP SE in a long-running copyright dispute. The 9th U.S. Circuit Court of Appeals in San Francisco ruled Friday that the jury's award was...

  • Chief in $800M fraud gets 20 years prison

    Updated: Fri, Aug 29, 2014

    MIAMI (AP) — The man who masterminded an $800 million insurance scam that fleeced tens of thousands of investors in one of Florida's all-time largest fraud schemes was sentenced Friday to 20 years in prison. U.S. District Judge Robert Scola gave Joel Steinger, 64, credit for pleading...

  • Fiat-Chrysler stock should be on market soon

    Updated: Fri, Aug 29, 2014

    DETROIT (AP) — U.S. investors should soon be able to buy stock in Chrysler for the first time in seven years. Italy's Fiat and Chrysler are merging to form Fiat Chrysler Automobiles. Fiat said in a statement Friday that an ongoing tally of investors suggests there is not enough...

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