FOX News: Business

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Updated: 13 min 47 sec ago

Parents flock to eBay to dress their children like Prince George for Christmas

Tue, 12/16/2014 - 11:02am
Parents looking to dress their toddlers like Prince George for Christmas may be too late.
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'Monday Night Football' analyst Jon Gruden agrees to contract extension with ESPN

Tue, 12/16/2014 - 11:02am
Jon Gruden has agreed to a contract extension with ESPN through the 2021 NFL season.
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FINRA Fines Merrill Lynch $1.9 Million Over Former GM Notes

Tue, 12/16/2014 - 10:55am
Merrill Lynch, Pierce, Fenner & Smith has been fined $1.9 million for fair pricing and supervisory violations in connection with more than 716 retail customer transactions in distressed securities and ordered to pay $540,000 to affected customers.
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Drugmaker Eli Lilly bumps up quarterly dividend by a penny in first increase since 2009

Tue, 12/16/2014 - 10:48am
Shares of Eli Lilly outpaced broader trading indexes Tuesday morning, a day after the drugmaker announced its first dividend increase in more than five years.
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China Slashes Coal Export Tariff Amid Mining Crisis

Tue, 12/16/2014 - 10:20am
China will slash export tariffs for coal from Jan. 1 and adjust those for a range of other commodities as part of broader efforts to re-order trade and foster economic growth.
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Navistar Posts Bigger-than-Expected Quarterly Loss

Tue, 12/16/2014 - 10:14am
Navistar International Corp (NYSE:NAV) on Tuesday reported a larger-than-expected loss, pulled down by restructuring and product warranty costs.
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Jefferies Posts Loss, Seeks Options for Brokerage Unit

Tue, 12/16/2014 - 10:07am
Investment bank Jefferies Group LLC, owned by Leucadia National Corp, reported a quarterly loss and said it was exploring strategic alternatives for its futures-brokerage unit.
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Drug developer Bluebird Bio expects more than $211 million from stock offering

Tue, 12/16/2014 - 10:03am
Bluebird Bio is capitalizing on a recent stock price spike with a public offering of more shares that it expects to raise over $211 million, most of which will go toward clinical research.
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CVS Health raises quarterly dividend, forecasts 2015 earnings growth

Tue, 12/16/2014 - 9:49am
CVS Health will raise its quarterly shareholder payout by 27 percent, and the nation's second-largest drugstore chain also said Tuesday that it expects another year of earnings growth in 2015.
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Bloomin' Brands To Start Paying Dividend, Sets $100 Million Stock Buyback Program

Tue, 12/16/2014 - 9:49am
Bloomin' Brands is using its first analyst and investor day on Tuesday to announce it will start paying a dividend to shareholders, starting with an expected 6 cents a share in the first quarter.
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Russia Running Out of Options on Economy?

Tue, 12/16/2014 - 9:42am
If falling energy prices are such a good thing for the global economy then why are we seeing so much turmoil?
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RadioShack hires FTI Consulting, names interim CFO as part of the agreement

Tue, 12/16/2014 - 9:35am
RadioShack is bringing in FTI Consulting as an adviser in the midst of another round of cost cuts as the troubled electronics retailer warned again last week that it may have to seek bankruptcy protection.
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Housing Starts, Building Permits Fall in November

Tue, 12/16/2014 - 9:33am
U.S. housing starts and building permits fell in November, but the underlying trend remained consistent with an improving housing market.
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U.S. Housing Starts Decline 1.6% In November

Tue, 12/16/2014 - 9:30am
Construction started on new U.S. homes declined 1.6% in November, led down by single-family homes, signaling some market shakiness, according to government data released Tuesday.
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3M Sees 2015 Sales Rising 3% to 6%, Raises Dividend

Tue, 12/16/2014 - 9:27am
3M Co, a maker of adhesives, abrasives and other products for a variety of industries, said it expected organic sales to rise 3-6 percent in 2015, excluding the effect of foreign exchange rates.
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Chrysler Group Changes Name to FCA US

Tue, 12/16/2014 - 9:25am
Chrysler Group has changed its name to FCA US to reflect the creation of Fiat Chrysler Automobiles.
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Rate Increase Fails to Stop Rouble Free Fall

Tue, 12/16/2014 - 9:17am
Despite a rate increase to 17%, the Russian currency hit record lows amid a perfect storm of low oil prices, looming recession, and Western Ukraine sanctions.
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Oil Continues Plunge as Foreign Data Fuels Sentiment

Tue, 12/16/2014 - 8:51am
Oil prices continued to crumble, trading below the $55 a barrel threshold in the U.S. as weak economic data out of Europe and China fueled sentiment.
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CVS Health Sets New $10 Billion Buyback Program, Ups Dividend

Tue, 12/16/2014 - 8:44am
CVS Health announced on Tuesday a new $10 billion stock buyback program, effective immediately, which is expected to be completed over a multi-year period.
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Navistar Reduces Quarterly Loss By More Than Half

Tue, 12/16/2014 - 8:30am
Navistar International reported a fiscal fourth-quarter loss that narrowed to $72 million, or 88 cents a share, from $154 million, or $1.91 a share, in the same period a year ago.
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