FOX News: Business

Syndicate content FOX Business - Breaking news and video. Latest Current News: News, Investing, Technology, Personal Finance, Business Leaders, Travel, On Air, Small Business.
Updated: 40 min 41 sec ago

Gold Futures Drop Just Over 2% By The Close

Tue, 04/15/2014 - 2:09pm
Gold futures dropped more than 2% on Tuesday, giving back the previous day's gains and then some amid overall strength in the U.S. dollar.
Categories: FOX News

Detroit Reaches Bankruptcy Deal With Retiree Group

Tue, 04/15/2014 - 12:39pm
The bankrupt city of Detroit reached a deal with its largest group of retired police and firefighters on Tuesday that would preserve most of their pension benefits, according to media reports.
Categories: FOX News

Intel 1Q EPS Narrowly Tops Views, Sales Match

Tue, 04/15/2014 - 12:30pm
Intel impressed Wall Street by logging a lighter-than-expected 5% dip in first-quarter earnings as rising data center and Internet of things revenue helped offset sluggish PC demand.
Categories: FOX News

Yahoo Reports 1Q Beat

Tue, 04/15/2014 - 12:28pm
Developing: Yahoo reported better-than-expected adjusted 1Q profits, beating views by a penny. The media giant also reported revenue of $1.09 billion. Shares were up about 8% in volatile extended trading.  
Categories: FOX News

Gold Selloff Picking Up Steam

Tue, 04/15/2014 - 12:23pm
Precious metals took a big hit Tuesday, and some traders are scratching their heads as to why.
Categories: FOX News

Detroit Nearing Pensions Deal, Newspapers Say

Tue, 04/15/2014 - 11:25am
Detroit crafted an agreement on pension cuts for retirees, a key hurdle for the city to exit America's biggest municipal bankruptcy.
Categories: FOX News

Morgan Stanley Upgraded To Buy From Neutral

Tue, 04/15/2014 - 11:14am
Financial stocks rose on Tuesday, bucking the broader market and after three giant U.S. banks reported mixed results and investors waited for three more big banks to report later this week.
Categories: FOX News

BlackBerry Buys Minority Stake In Health-Care Cloud Firm

Tue, 04/15/2014 - 10:08am
BlackBerry bought a minority stake in health IT firm NantHealth in a bid to improve data sharing and communication in the health-care industry.
Categories: FOX News

N.Y. Attorney General Opens Herbalife Probe: Report

Tue, 04/15/2014 - 10:07am
New York Attorney General Eric Schneiderman has opened an investigation into claims that Herbalife Ltd. is a pyramid scheme, the New York Post reported late Monday.
Categories: FOX News

Best Buy Drops After U.S. Retail Chief Retires

Tue, 04/15/2014 - 10:03am
Best Buy Co. shares fell 2.2% on Tuesday after Minneapolis StarTribune reported Shawn Score, the company's 48-year-old president of U.S. retail stores and a 29-year company veteran, is retiring only seven months after getting his new title.
Categories: FOX News

Homebuilder Sentiment Rises in April, Misses Views

Tue, 04/15/2014 - 10:02am
Homebuilder sentiment edged up in April but remained gloomy on lingering concerns of stiff credit conditions for buyers and tight supply of lots and labor.
Categories: FOX News

Techs Up As Yahoo, Intel Shares Rise

Tue, 04/15/2014 - 9:59am
Technology stocks edged higher early Tuesday, as shares of Yahoo Inc. and Intel Corp. rose ahead of their earnings reports.
Categories: FOX News

Twitter Buys Social Data Provider Gnip

Tue, 04/15/2014 - 9:41am
Twitter Inc. has acquired social data provider Gnip, the company announced Tuesday.
Categories: FOX News

U.S. Stocks Rise As Coke, J&J Gain After Earnings

Tue, 04/15/2014 - 9:33am
U.S. stocks edged higher at the open Tuesday, paring some of their losses for the month, as investors cheered earnings reports from blue chips Coca-Cola Co. and Johnson & Johnson.
Categories: FOX News

Whirlpool Hikes Dividend 20%, Unveils $500M Buyback

Tue, 04/15/2014 - 9:30am
In a show of confidence about its business prospects, appliance maker Whirlpool announced plans to boost its quarterly dividend by 20% and buy back another $500 million of stock.
Categories: FOX News

Coke Meets 1Q EPS Views, Sales Narrowly Beat

Tue, 04/15/2014 - 9:29am
Coca-Cola reported an 8% decline in quarterly net earnings after a decline in volumes in Europe, but nevertheless matched earnings expectations. 
Categories: FOX News

Schwab 1Q Profits Soar 58% as Trading Activity, Client Assets Rise

Tue, 04/15/2014 - 9:15am
Charles Schwab beat the Street with a 58% leap in fiscal first-quarter earnings as the discount brokerage capitalized on record levels of trading and client assets.
Categories: FOX News

Yellen Prepares Wall Street for More Wholesale Funding Rules from Fed

Tue, 04/15/2014 - 8:45am
The Fed is considering adopting more measures to address financial-stability risk in short-term wholesale funding markets.
Categories: FOX News

Treasurys Hold Losses After CPI, Empire State Data

Tue, 04/15/2014 - 8:43am
Treasury prices held losses Tuesday after data showed inflation increasing at a faster pace than expected but a regional manufacturing index unexpectedly slipping.
Categories: FOX News

Yellen Says Big Banks May Need More Capital

Tue, 04/15/2014 - 8:41am
The Federal Reserve is actively considering new rules to address risks in short-term wholesale funding markets, Federal Reserve Chairwoman Janet Yellen said Tuesday at an Atlanta Fed banking conference.
Categories: FOX News