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Puerto Rico electric company sued for allegedly overcharging customers, taking kickbacks

Tue, 02/24/2015 - 1:20pm
Puerto Rico's heavily indebted power company was slapped Tuesday with a federal class-action lawsuit alleging the agency joined several international oil companies in overcharging customers in the U.S. territory by more than $1 billion.
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JPMorgan to close 5 percent of all its branches as customers go mobile and the bank cuts costs

Tue, 02/24/2015 - 1:18pm
JPMorgan Chase plans to close 300 bank branches over the next two years, about 5 percent of the total, as more customers move online and the bank seeks to cut costs.
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Black Friday Is Now Home Depot's Biggest Sales Day

Tue, 02/24/2015 - 1:08pm
Home Depot Inc. , which calls spring time its Christmas because it's the home improvement retailer's biggest sales period, for the first time saw Black Friday become its biggest sales day in history.
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This week's top selling songs and albums on Apple's iTunes

Tue, 02/24/2015 - 1:05pm
iTunes' Official Music Charts for the week ending February 23, 2015: Top Songs 1.
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Consumer Reports' top vehicle picks by category

Tue, 02/24/2015 - 1:02pm
Consumer Reports released its annual list of top auto brands and individual vehicles on Tuesday.
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US automakers rise in magazine's annual brand rankings, but Japanese, Germans dominate

Tue, 02/24/2015 - 1:02pm
Buick is the first U.S.-based automotive brand to crack the top 10 in Consumer Reports magazine's annual brand report cards.
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Goodyear Pays Fine Related To Bribery Charges In Africa

Tue, 02/24/2015 - 12:53pm
Goodyear Tire & Rubber Co. has agreed to pay $16 million to U.S. regulators to settle charges that its foreign units bribed officials in Kenya and Angola to buy the company's tires.
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Prosecutor: Man collected dad's Social Security for 29 years after he died, stealing $243K

Tue, 02/24/2015 - 12:49pm
Authorities say a New Jersey man collected his father's Social Security benefits for 29 years after he died, stealing more than $243,000.
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EU moves ahead on reform of greenhouse gas emissions trading scheme

Tue, 02/24/2015 - 12:47pm
European Union lawmakers have backed plans to reform the EU's vast greenhouse gas emissions trading scheme to protect it from fluctuations in the economy.
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Jon Bon Jovi sponsors community restaurant in Jersey shore town pummeled by Superstorm Sandy

Tue, 02/24/2015 - 12:27pm
Rocker and philanthropist Jon Bon Jovi is sponsoring a community restaurant in a Jersey shore community still struggling mightily to recover from Superstorm Sandy.
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Wal-Mart launches online shop that features green products, suppliers

Tue, 02/24/2015 - 12:27pm
Wal-Mart is launching an online shop on its site that aims to help customers find products that are good for the environment from manufacturers that have been leaders in sustainability.
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Railroad companies shares down at 10 a.m.

Tue, 02/24/2015 - 12:24pm
Shares of some top railroad companies are down at 10 a.m.: CSX fell $.16 or .4 percent, to $35.61.
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Insurance companies shares mixed at 10 a.m.

Tue, 02/24/2015 - 12:24pm
Shares of some top insurance companies are mixed at 10 a.m.: ACE L rose $.11 or .1 percent, to $113.67.
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Machinery companies shares mixed at 10 a.m.

Tue, 02/24/2015 - 12:24pm
Shares of some top machinery companies are mixed at 10 a.m.: Caterpillar rose $.24 or .3 percent, to $83.73.
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State-by-state breakdown of used cars with unrepaired recalls

Tue, 02/24/2015 - 12:21pm
Carfax, a company that sells vehicle history reports to dealers and car buyers, searched recalls and state registration databases and found that more than 46 million cars are on U.S. roads with recalled parts that have yet to be repaired.
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Before you buy: How to find out if a used car has an unrepaired safety recall

Tue, 02/24/2015 - 12:21pm
About 5 million used cars under recall were sold last year before the recalled parts were fixed.
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JPMorgan to close 5 percent of bank branches as part of overall expense reduction measure

Tue, 02/24/2015 - 12:21pm
JPMorgan Chase is planning to close 300 bank branches, or about 5 percent of the total, over the next two years, as more customers move to online and mobile banking and the bank looks to reduce its overall expenses.
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Biotechnology companies shares mixed at 10 a.m.

Tue, 02/24/2015 - 11:50am
Shares of some top biotechnology companies are mixed at 10 a.m.: Amgen Inc. fell $.48 or .3 percent, to $157.94.
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Homebuilders companies shares up at 10 a.m.

Tue, 02/24/2015 - 11:36am
Shares of some top homebuilders companies are up at 10 a.m.: DR Horton rose $.33 or 1.2 percent, to $27.47.
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ECB Approves Greek Bailout Extension, But Raises Concerns

Tue, 02/24/2015 - 11:27am
The European Central Bank has approved the Greek government's request for a four-month bailout extension, but -- like the International Monetary Fund -- has raised concerns about the lack of details in the reform list.
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