FOX News: Business

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Updated: 24 min 31 sec ago

Explosion demolishes part of Washington motel moments after manager had guests evacuate

Wed, 08/19/2015 - 10:58am
An explosion demolished part of a Motel 6 in Bremerton, Washington, critically injuring a gas company worker just minutes after the acting hotel manager had evacuated the building due to a leak.
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The Latest: 5 companies bid, making for smallest federal oil lease sale smallest in history

Wed, 08/19/2015 - 10:45am
The latest on the federal oil lease sale Wednesday in the western Gulf of Mexico, off the Texas coast (all times local).
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Upstate NY-based car air freshener maker turns up nose at plan to open slaughterhouse nearby

Wed, 08/19/2015 - 10:34am
The company that invented those iconic pine tree-shaped automotive air fresheners is turning up its nose at a proposal to open a slaughterhouse near the firm's northern New York factory.
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Cal-Maine Shares Fall, CPI Shows Egg Prices Spiked Again In June

Wed, 08/19/2015 - 10:01am
Shares of the biggest U.S. egg producer Cal-Maine Foods Inc. fell 1.5% in early trade Wednesday, after government data showed egg prices spiked again in June.
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Documents: Ex-Subway pitchman Fogle paid for sex acts with minors, received child pornography

Wed, 08/19/2015 - 9:36am
The latest on federal documents accusing longtime Subway pitchman Jared Fogle of engaging in sex acts with minors and receiving child pornography (all times local): 9:35 a.m.
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U.S. Stocks Fall At Open As Consumer-price Report Hints At Rate Increase

Wed, 08/19/2015 - 9:32am
U.S. stocks opened lower Wednesday after a reading of consumer prices suggested that inflation might be rising at a sufficiently healthy pace to warrant a rate increase by the Federal Reserve as early at its next meeting in September.
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Audi discloses plans for electric SUV with 310-mile range to take on Tesla Model X

Wed, 08/19/2015 - 9:28am
German carmaker Audi says it's planning to unveil an electric sport SUV concept with a range of over 310 miles (500 kilometers) — well beyond the range of rival carmaker Tesla's Model S and soon-to-launch Model X.
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NY state bank regulator, consultant Promontory reach settlement agreement

Wed, 08/19/2015 - 9:09am
New York state's financial regulator and Promontory Financial Group say they've reached a settlement agreement over the bank consultant's reports four years ago for Standard Chartered Bank.
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Google Stock Target Gets 50% Boost On Mobile, YouTube Growth

Wed, 08/19/2015 - 9:08am
Google Inc. was upgraded to overweight from neutral at Atlantic Equities on Wednesday on recent improvements in mobile search and the potential for YouTube to serve as a "material growth driver" as advertising dollars continue to shift from traditional TV.
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Google Starts Selling Cordless Wi-Fi Router

Wed, 08/19/2015 - 9:04am
Google Inc. unveiled a new cordless at-home Wi-Fi router this week called OnHub.
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Dollar Weakens After July CPI Report

Wed, 08/19/2015 - 8:48am
The dollar weakened Wednesday after the July consumer-price index showed that inflation wasn't as aggressive as economists had hoped, falling to session lows against the yen and euro soon after the data was released.
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Airbnb Expands Into China With Venture Capital Partners

Wed, 08/19/2015 - 8:32am
Home-renting company Airbnb said Tuesday that it will expand the platform to China with the help of strategic partners China Broadband Capital and Sequoia China.
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US consumer prices edged up tiny 0.1 percent in July; airline fares fell sharply

Wed, 08/19/2015 - 8:31am
Consumer inflation slowed in July following two months of slightly faster gains.
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Consumer Prices Rise Slightly Less than Expected in July

Wed, 08/19/2015 - 8:24am
Consumer prices rose in July as gas and food prices increased marginally, but a solid gain in shelter costs suggested inflation pressures were stabilizing.
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American Eagle Outfitters beats 2Q profit and revenue expectations

Wed, 08/19/2015 - 8:13am
American Eagle Outfitters Inc. (AEO) on Wednesday reported fiscal second-quarter net income of $33.3 million.
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Target Raises '15 Earnings Forecast Again

Wed, 08/19/2015 - 8:10am
The retailer upped its full-year earnings forecast for the second time and reported its sixth-straight rise in quarterly sales,and a 2.4% increase in same-store sales, driven by demand for home products and apparel.
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Trade group: Low oil prices among factors likely to limit interest in oil lease sale Wednesday

Wed, 08/19/2015 - 8:09am
The federal government is offering nearly 22 million acres off the Texas coast to oil and gas developers, though low oil prices are likely to limit interest.
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Target boosts annual profit outlook as turnaround gains traction

Wed, 08/19/2015 - 8:03am
Target is raising its annual profit outlook as the discounter's effort to spruce up fashion and other merchandise are resonating with shoppers.
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Staples Profit Declines as Sales Continue to Slide

Wed, 08/19/2015 - 7:48am
Staples Inc. said its profit more than halved in the second quarter, as sales continued to decline and store traffic dwindled, deepening the chain's challenges as it awaits regulatory approval for its takeover of Office Depot Inc.
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Hormel Foods Beats On Profit And Raises Outlook

Wed, 08/19/2015 - 7:40am
Hormel Foods Corp. said Wednesday it had net income of $146.9 million, or 54 cents a share, in its fiscal third quarter, up from $138 million, or 51 cents a share, in the year-earlier period.
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