FOX News: Business

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Updated: 32 min 36 sec ago

Whether or not Mylan buys Perrigo, analysts expect more generic drug industry deals

Mon, 07/27/2015 - 2:54pm
Analysts say they expect more tie-ups are coming in the generic drug industry in the wake of Teva's mammoth deal for the generic drug business of Allergan.
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Port of Savannah handled a record 3.6M cargo containers, buoyed by West Coast woes

Mon, 07/27/2015 - 2:31pm
Buoyed in part by labor woes on the West Coast, the booming seaports in Savannah and Brunswick saw another fiscal year of record-smashing amounts of cargo moving across their docks, the Georgia Ports Authority reported Monday.
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Covered California says average cost of health care insurance increasing about 4 percent

Mon, 07/27/2015 - 2:01pm
Californians buying individual health plans on the state insurance exchange will see an average increase of about 4 percent in premiums for the second year in a row.
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House majority leader rules out Senate's highway bill as Congress faces Friday deadline

Mon, 07/27/2015 - 1:58pm
House Majority Leader Kevin McCarthy is ruling out House action on a long-term, must-pass highway bill the Senate is considering.
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Sanofi says it will pay up to $300M for AstraZeneca's rare thyroid cancer treatment Caprelsa

Mon, 07/27/2015 - 1:55pm
French drugmaker Sanofi said Monday it will pay up to $300 million to buy a thyroid cancer drug from British competitor AstraZeneca.
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Apple Watch will be sold at 300 Best Buy stores before the holiday shopping season

Mon, 07/27/2015 - 1:47pm
The Apple Watch is heading to some Best Buy stores ahead of the holiday shopping season.
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Judge: BP has 30 days to pay about 500 local governments compensation for 2010 oil spill

Mon, 07/27/2015 - 1:30pm
A federal judge says BP will begin paying up to $1 billion in settlements to compensate local governments across the Gulf Coast for lost tax revenue and other economic damages they blame on the company's 2010 oil spill.
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As Fed meets, it edges toward its first rate increase since 2006, possibly in September

Mon, 07/27/2015 - 1:28pm
The Federal Reserve is getting close to raising interest rates for the first time in nearly a decade, perhaps in September.
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Fiat Chrysler Will Buy Back Recalled SUVs, Trucks

Mon, 07/27/2015 - 1:15pm
Owners of recalled trucks and sport-utility vehicles made by Fiat Chrysler will be allowed to sell them back, and some Jeeps can be swapped for new rides as part of a deal with federal regulators.
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Tribal leaders says Northern Cheyenne to take closer look at cultural sites on railroad path

Mon, 07/27/2015 - 1:05pm
The Northern Cheyenne tribe is planning additional investigations of cultural sites along the path of a proposed railroad that would open new areas of southeastern Montana to large-scale coal mining.
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July FOMC Meeting Setting the Table for Rate Hike

Mon, 07/27/2015 - 1:04pm
People should be paying attention to this week's FOMC meeting because policy makers will likely provide the strongest signal yet regarding their intentions for the September meeting. Hint -- rates are probably moving higher in the fall.


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Renowned physicist Stephen Hawking fields questions on artificial intelligence on Reddit

Mon, 07/27/2015 - 1:01pm
Have a question about artificial intelligence and think theoretical physicist Stephen Hawking is the man to ask? Hawking is giving the Internet-going public a rare chance to pose direct questions to him on Reddit, the user-powered news and discussion forum.
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Wall Street Slides, Joining China-Led Global Selloff

Mon, 07/27/2015 - 1:00pm
U.S. equity markets extended a global rout following a more than 8% drop in Chinese stocks overnight, amid continued pressure on the commodities market. 
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Despite criticism from Congress, Malaysia, Cuba taken off US human trafficking blacklist

Mon, 07/27/2015 - 12:49pm
Democratic lawmakers and rights groups on Monday accused the State Department of politicizing its annual rankings of nations on their efforts to combat modern-day slavery, as key trading partner Malaysia was taken off a blacklist.
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Proposed $490M sale of SFX Entertainment to CEO fails to draw formal competing offers

Mon, 07/27/2015 - 12:45pm
Electronic dance music promoter SFX Entertainment said Monday that it hasn't received any formal competing offers, putting the $490 million sale of the company to its CEO one step closer to closing.
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Professional poker player sues casino that claims he won $9.6 million by cheating in baccarat

Mon, 07/27/2015 - 12:28pm
A professional poker player has sued a New Jersey casino that claimed he won $9.6 million by cheating at baccarat.
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New York wage board clears way for approval of pay hike to $15 an hour for fast-food workers

Mon, 07/27/2015 - 12:26pm
New York's Wage Board on Monday finalized its recommendation endorsing a $15 minimum wage for fast-food workers in chain restaurants.
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Shares of regional airline Republic plunge on warning about pilot shortage, flight disruptions

Mon, 07/27/2015 - 12:21pm
Republic Airways is warning the biggest U.S. airlines that the regional service it provides for them may be disrupted because of a pilot shortage and labor dispute.
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Cheap Oil: Good for Your Wallet and Economy?

Mon, 07/27/2015 - 11:53am
In an interview with FOX Business Network’s Stuart Varney, “The Five” co-host Eric Bolling broke down how cheaper oil prices will trickle through the economy.
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Sheila Bair: Hillary is Not anti-Wall Street

Mon, 07/27/2015 - 11:43am
In an interview with FOX Business Network’s Stuart Varney, Former FDIC Chair Sheila Bair weighed in on Hillary Clinton’s corporate tax plan.
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