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For traders, oil’s plunge takes a toll on egos, accounts

January 30, 2015 NEW YORK — The plunge in oil has crushed the Russian ruble, erased $80 billion from Exxon Mobil’s market value and pushed Venezuela to the brink of economic collapse. more »»

 
 
 
India woman sues Uber after reporting driver raped her

January 30, 2015 SAN FRANCISCO — A woman who says an Uber driver raped her in New Dehli, India, on Thursday accused the company in a lawsuit filed in U.S. more »»

Shake Shack IPO prices above expected range

January 30, 2015 Hamburger chain Shake Shack Inc. has priced its initial public stock offering at $21 per share, above its proposed range of $17 to $19 per share. It sold 5 million shares, raising $105 million. more »»

Amazon's big spending pays off in 4th quarter

January 30, 2015 NEW YORK — Amazon surprised investors on Thursday with a fourth-quarter profit that soundly beat expectations, despite a continued increase in spending and a slight sales miss, partly linked to the... more »»

Visa announces 4-to-1 stock split

January 30, 2015 NEW YORK — Payment processor Visa has announced a four-to-one stock split, effective March 1. more »»

Fed stays ‘patient’ on rates while noting improving economy

January 29, 2015 WASHINGTON — The Federal Reserve reiterated Wednesday that it will be “patient” in raising interest rates from record lows even as the U.S. economy moves steadily closer to full health. more »»

China and Alibaba face off over fake goods

January 29, 2015 BEIJING — There’s a tiger fight going on in China. more »»

McDonald's CEO steps down as sales decline

January 29, 2015 NEW YORK — McDonald's CEO Don Thompson is stepping down as the world's biggest hamburger chain fights to hold onto customers and transform its image. more »»

Samsung's 4Q profit drops, beats forecast

January 29, 2015 SEOUL, South Korea — Samsung Electronics Co. said its quarterly earnings dropped 27 percent in the fourth quarter as it struggled in its battle of big phones with Apple. more »»

Jobless-rate moves in 2014: Colorado best, Louisiana worst

January 28, 2015 WASHINGTON — Colorado’s unemployment rate fell by a third. Louisiana’s jumped nearly a quarter. more »»

Record sales drive huge quarter for Apple

January 28, 2015 SAN FRANCISCO — Apple had another blowout quarter thanks to its new plus-sized iPhones, which helped the company smash sales records for the holiday season. Apple said Tuesday that it sold 74. more »»

Airlines begin digging out from storm

January 28, 2015 Lingering snow and subfreezing temperatures mean that travel delays in the Northeast will extend through Wednesday, even if the storm wasn't as bad as expected. more »»

AT&T drags in 4Q loss, revenue up 4 percent

January 28, 2015 DALLAS — AT&T booked a nearly $4 billion loss for the fourth quarter because of a slew of one-time expenses that included a loss on benefit plans, but its revenue grew 4 percent to top expectatio. more »»

Deficit to shrink to lowest level of Obama presidency

January 27, 2015 WASHINGTON — Solid economic growth will help the federal budget deficit shrink this year to its lowest level since President Barack Obama took office, according to congressional estimates released... more »»

Gov’t to overhaul Medicare payments to doctors, hospitals

January 27, 2015 WASHINGTON — Medicare will change the way it pays hospitals and doctors to reward quality over volume, the Obama administration said Monday, in a shift that officials hope will be a catalyst for the... more »»

Ecolab reducing Columbus workforce

January 27, 2015 COLUMBUS, Miss. — Ecolab will lay off 66 workers in Columbus over the next several months as the company shifts some of its operations to a new facility in Jacksonville, Fl. more »»

Mattel CEO resigns, results miss expectations

January 27, 2015 Mattel Chairman and CEO Bryan Stockton has resigned after the struggling maker of Barbie dolls and Hot Wheels cars reported fourth-quarter results that fell far short of analyst expectation. more »»

IBM disputes report that layoffs coming

January 27, 2015 SAN FRANCISCO — IBM is pooh-poohing a published report that the giant technology company is planning a big reorganization and massive job cuts affecting more than 100,000 people. more »»

Legal pot backers in Ohio trickle out details of 2015 vision

January 26, 2015 COLUMBUS, Ohio — The marijuana legalization movement has arrived in Ohio with high-flying ambitions: making it the first state to move from a complete ban to complete legalization with a single vot. more »»

Global economy hopes raised after European stimulus

January 25, 2015 DAVOS, Switzerland — The global economic outlook just got brighter after this week’s big stimulus from the European Central Bank, leading policymakers from around the world said Saturday. more »»

 
 
 
 
 
 
 

 

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