FOX News: Business

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Updated: 21 min 39 sec ago

South Portland City Council set for final vote on tar sands oil ban on Monday night

Mon, 07/21/2014 - 10:02am
The South Portland City Council is set for a final vote on a proposal to ban tar sands oil from coming into the southern Maine city.
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Agricultural Development Board approves more than $2.1 million for 19 Kentucky projects

Mon, 07/21/2014 - 10:00am
More than $2.1 million has been approved for agricultural diversification projects in Kentucky.
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US stocks slip as more earnings roll in and traders worry about tensions over downed plane

Mon, 07/21/2014 - 9:59am
Stocks are opening lower as more U.S. companies turn in their quarterly results and as investors worry about tensions with Russia over the downed airliner in Ukraine.
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Florida leads nation in foreclosures in first half of 2014, according to RealtyTrac report

Mon, 07/21/2014 - 9:59am
Florida led the nation in foreclosures during the first half of the year.
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AAA Michigan: Gas prices fall about 3 cents in past week; statewide average is $3.63 a gallon

Mon, 07/21/2014 - 9:58am
AAA Michigan says gasoline prices have fallen about three cents during the past week to a statewide average of about $3.63 per gallon.
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Diamondback Energy to buy oil and gas assets in Texas for $538 million

Mon, 07/21/2014 - 9:48am
Diamondback Energy will spend about $538 million to acquire drilling interests in Texas' Midland Basin.
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Researchers study whether Great Plains shale could be used for energy production or storage

Mon, 07/21/2014 - 9:46am
Tests this summer on Pierre Shale that stretches across much of the Great Plains could help build the case for an underground lab and, if feasible, lead to energy production or underground storage in the rock formation.
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Mid-Market Report: RLJ Buys Hyatt Hotel in Atlanta

Mon, 07/21/2014 - 9:37am
RLJ Lodging Trust has acquired Hyatt’s Atlanta Midtown hotel for $49.5 million.
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Forget Where You’re Flying, Where Are You Flying Over?

Mon, 07/21/2014 - 9:19am
Cavuto: There are a slew of factors that figure into a decision on which areas are 'safe' to fly over.
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Comic-Con offers Mattel collectible toy designers a chance to go wild

Mon, 07/21/2014 - 9:13am
Hot Wheels and the dark side of The Force are carpooling to Comic-Con this week.
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US stock futures are falling to start the week as big companies post quarterly results

Mon, 07/21/2014 - 9:01am
US stock futures are drifting lower ahead of the opening bell as more companies line up to post quarterly results.
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Six Flags 2nd-quarter profit climbs 40 percent

Mon, 07/21/2014 - 8:51am
Six Flags Entertainment Corp. (SIX) on Monday reported earnings that climbed by 40 percent in its second quarter.
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Drugmaker Allergan to cut 1,500 employees, eliminate vacancies as part of restructuring push

Mon, 07/21/2014 - 8:44am
Botox-maker Allergan says it is cutting about 13 percent of its workforce, or roughly 1,500 employees, as part of a push to become more efficient and productive.
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Advertising company CBS Outdoor to buy billboards from Van Wagner for $690 million

Mon, 07/21/2014 - 8:40am
CBS Outdoor Americas Inc. said Monday that it will buy about 1,100 billboards from rival Van Wagner Communications for $690 million in cash, giving the outdoor advertising company control of more billboards in some of the largest cities around the country.
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Yum, McDonald's apologize as new China food scandal brews

Mon, 07/21/2014 - 8:39am
McDonald's and Yum Brands face a new food safety scare in China, denting efforts to rebuild reputations hurt by another scandal in 2012.
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Production halted at Samsung China supplier amid child labor probe

Mon, 07/21/2014 - 8:35am
Production has been indefinitely halted at a Chinese supplier to Samsung Electronics Co Ltd after the factory was suspected of using child workers.
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Allergan Beats Profit, Sales Estimates, To Cut 1,500 Jobs

Mon, 07/21/2014 - 8:24am
Allergan Inc. shares rose almost 2% in premarket trade Monday, after the Botox maker reported better-than-expected second-quarter profit and sales and said it is cutting 1,500 jobs, or 13% of its workforce, in a restructuring.
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Reynolds American shares slip after jury drops $23.6B in punitive damages on tobacco company

Mon, 07/21/2014 - 8:22am
Shares of Reynolds American stumbled in premarket trading Monday in the first trading since a Florida jury awarded $23.6 billion in punitive damages against its R.J.
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Allergan to Slash 13% of its Global Workforce

Mon, 07/21/2014 - 8:21am
The Botox-maker said in its second-quarter earnings release Monday it plans to cut as many as 1,500 jobs, amounting to about 13% of its global workforce, and 250 vacant positions.
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After Management Reshuffle, BlackBerry Names COO

Mon, 07/21/2014 - 8:10am
BlackBerry Limited named Marty Beard as its chief operating officer on Monday, filling a position that had been vacant since November following a management reshuffle.
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