FOX News: Business

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Updated: 23 min 44 sec ago

S&P Downgrades Elizabeth Arden Debt Deep Into Junk Territory

Thu, 09/24/2015 - 2:58pm
Standard & Poor's on Thursday downgraded Elizabeth Arden Inc.'s corporate credit rating to CCC+ from B, a two-notch move that sends it deep into junk territory.
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Consumer Watchdog Announces Bed Bath & Beyond Recall Of About 14,000 Hammock Stands

Thu, 09/24/2015 - 2:29pm
The U.S. Consumer Product Safety Commission has announced a recall of about 14,000 hammock stands sold exclusively at Bed Bath & Beyond Inc. due to a falling hazard.
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Lockheed Martin Increase Share Buyback Authorization By $3.0 Billion

Thu, 09/24/2015 - 1:54pm
Defense contractor Lockheed Martin Corp. said Thursday its board has approved an increase to its share buyback authorization of $3.0 billion.
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Obama Will Meet Putin Next Week In New York: Earnest

Thu, 09/24/2015 - 1:42pm
President Barack Obama will meet with Russian President Vladimir Putin early next week in New York at Putin's request, White House spokesman Josh Earnest said Thursday.
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Activision Blizzard Shares Down After Touching 52-week High

Thu, 09/24/2015 - 1:03pm
Shares of Activision Blizzard Inc. fell after touching a 52-week high of $31.70, the only S&P 500 component to reach the milestone Thursday.
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Volkswagen Scandal Turns Spotlight on BMW, Others

Thu, 09/24/2015 - 12:54pm
BMW denied a report out of Germany that one of its vehicles emits a higher level of pollutants than allowed under European rules. Automakers like BMW are facing scrutiny after revelations that Volkswagen skirted U.S. emissions laws.
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Oil up 1%; Cushing Draw Data Offset by Wall Street Drop

Thu, 09/24/2015 - 12:30pm
Oil prices rose as much as 1% on Thursday, boosted by inventory draws at the U.S. crude futures' delivery hub although gains were capped by tumbling equity prices on Wall Street.
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Home Builders' Stocks In Broad Decline Again, As Investors Shrug Off Upbeat New Home Sales Data

Thu, 09/24/2015 - 12:26pm
Shares of home builders extended their recent selloff, as investors shrugged off data showing that new home sales surged much more than expected to the highest level in over seven years.
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SEC Fines, Bans Investment Advisor For Issuing False Acquisition Offer For Barnes & Noble

Thu, 09/24/2015 - 11:52am
A New York-based investment advisor has been fined $275,000 for its involvement in a scheme to profit from the manipulation of Barnes & Noble stock.
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GDP No Help In Rate Hike Decision

Thu, 09/24/2015 - 11:49am
The healthier growth picture might help persuade an apparently reluctant Federal Reserve to raise rates later this year. But it might not.


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Time Inc. Launches "Sports Illustrated Films," Investing In Digital Video Content

Thu, 09/24/2015 - 11:40am
The video division of Time Inc. on Thursday said it has launched "Sports Illustrated Films," a series of original sports video programming to bolster its content slate.
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Gold Rallies as Traders Seek Safe-Haven Shelter

Thu, 09/24/2015 - 11:35am
Gold prices surged higher on Thursday as some investors sought to gird themselves from disappointing economic data and declines in U.S. stocks by purchasing the haven asset.
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Bullish Stock Market Sentiment Barely Edges Out Pessimism

Thu, 09/24/2015 - 11:29am
Investors were slightly more optimistic about the stock market in the short term but only edged out bearish investors by a small margin, according to a survey by the American Association of Individual Investors published Thursday.
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Emerging-market Currencies Fall To Record Lows As Stocks Sell Off

Thu, 09/24/2015 - 11:27am
Several emerging-market currencies were at or near record lows against the dollar Thursday as risk-averse sentiment gripped global financial markets.
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Twitter Shares Fall 5% After Analysts Lower Price Target

Thu, 09/24/2015 - 10:43am
Shares of Twitter Inc. fell 5% Thursday after Citi analysts lowered their price target to $30 from $37. Citi analysts also lowered its 2016 ad revenue forecast and maintained a neutral rating but added a "high-risk component" to the rating.
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Natural-gas Prices Fall After EIA Reports Larger-than-expected Climb In U.S. Supplies

Thu, 09/24/2015 - 10:35am
The U.S. Energy Information Administration reported
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VW to Fire Three Execs as Emissions Scandal Deepens

Thu, 09/24/2015 - 10:18am
Volkswagen will fire three top executives on Friday, a senior source said, as the German carmaker tries to recover from a scandal over its rigging of U.S. vehicle emissions tests.
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New Home Sales Rise More than Expected in August

Thu, 09/24/2015 - 10:07am
New U.S. single-family home sales rose more quickly than expected in August on the back of a strong upward revision for the prior's month's growth.
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GE to Get Up to $12 billion in Export Financing From Britain

Thu, 09/24/2015 - 9:25am
General Electric said it had reached an agreement with Britain's export credit agency to access export financing of up to $12 billion, allowing the creation up to 1,000 jobs.
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Caterpillar Lowers Outlook, Announces Job Cuts: Shares Plunge

Thu, 09/24/2015 - 9:14am
The machinery and equipment giant announced plans to cut more than 10,000 jobs over the next three years as it continues to feel the impact from weakness in the energy and construction markets.
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