FOX News: Business

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Updated: 40 min 28 sec ago

About 55,000 Osram Sylvania LED tube lights recalled because they can overheat and melt

Tue, 08/25/2015 - 12:49pm
About 55,000 LED tube lights are being recalled because they can overheat, melt and possibly burn someone.
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NYC police: Car driver cut off casino bus before it crashed into building, injuring 6 people

Tue, 08/25/2015 - 12:48pm
New York City police have ticketed the driver of a car they say cut off a casino bus before it slammed into a brick building, injuring six people.
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Pittsburgh Zoo losing sea turtle program, playground money in dispute over elephant policy

Tue, 08/25/2015 - 12:40pm
The Pittsburgh Zoo & PPG Aquarium is losing its sea turtle program and money for a playground after dropping accreditation with a major organization over its elephant contact policy.
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DC regulators reject proposed combo of Exelon, Pepco; deal had been OK'd by surrounding states

Tue, 08/25/2015 - 12:34pm
Regulators in the District of Columbia have rejected the proposed merger between power companies Exelon and Pepco.
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Just Mayo maker warned by FDA that 'mayo' needs to have eggs in it

Tue, 08/25/2015 - 12:26pm
The maker of eggless spread Just Mayo has gotten a warning from regulators: 'Mayo' needs eggs.
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Home-sharing company Airbnb to include in its Paris fares small tourism tax on rentals

Tue, 08/25/2015 - 12:21pm
The home-sharing company Airbnb has agreed to incorporate in its prices a small tourist tax on rental apartments in Paris — following a request by Paris authorities.
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BP restarts part of Indiana refinery whose unplanned shutdown led to Midwest gas price spike

Tue, 08/25/2015 - 12:19pm
BP says it has restarted a portion of a large Indiana oil refinery whose unplanned shutdown for repairs caused gasoline prices in the region to spike earlier this month.
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Portuguese government sees good news in higher tax revenue ahead of elections

Tue, 08/25/2015 - 12:10pm
Portugal's center-right government is citing a jump in tax revenue as evidence the economy is growing and proof that its crackdown on tax evasion is working.
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September Rate Hike Still on the Table

Tue, 08/25/2015 - 12:08pm
If the data continues to trend upward, as it has in recent months, the Fed still may be inclined to make that quarter point increase in September, one expert said Tuesday.


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DSW falls to annual low as cutbacks on discount merchandise, fewer shoppers hurt 2Q sales

Tue, 08/25/2015 - 11:52am
Shares of DSW skidded in midday trading Tuesday after the footwear and accessories retailer's second-quarter sales disappointed Wall Street.
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More single-family homes sold in Massachusetts in July than in any month since June 2005

Tue, 08/25/2015 - 11:52am
More single-family homes were sold in Massachusetts last month than in any month in more than a decade, The Warren Group reported Tuesday.
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Drop In Volatility Paves Way For Rally On Wall Street

Tue, 08/25/2015 - 11:48am
The CBOE Volatility Index, which measures implied volatility on the S&P 500 and is often referred to as the Wall Street's fear gauge, has dropped 27% to below 30 on Tuesday, paving the way for the biggest rally on Wall Street this year.
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Pepco Shares Tumble 17% As D.C. Commission Blocks Exelon Deal-- Report

Tue, 08/25/2015 - 11:46am
Pepco Holdings Inc. shares tumbled 18% Tuesday, after the D.C. Public Service Commission denied an application from energy giant Exelon Corp. to acquire Pepco in a $6.4 billion deal, the Washington Post reported.
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Stock Market's Bounce Could Prove 'ephemeral,' Analyst Says

Tue, 08/25/2015 - 11:14am
The stock market's sharp bounce in the stock market on Tuesday isn't enough to convince all on Wall Street that Monday's selloff was a washout that marked the bottom.
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Sports betting ban upheld by appeals panel, dealing setback to New Jersey effort to offer it

Tue, 08/25/2015 - 11:10am
New Jersey has struck out again in its efforts to legally offer sports betting.
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Scag Power Equipment recalls about 4,400 ride-on lawn mowers due to gas tank leak

Tue, 08/25/2015 - 11:04am
About 4,400 ride-on lawn mowers are being recalled because the gas tank can leak and cause a fire.
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These 6 little-known startup companies that want to change your driving experience

Tue, 08/25/2015 - 11:00am
A veteran computer scientist hates sitting in his car at stop lights, so he creates software that makes the experience less annoying.
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Chinese leaders struggle to balance growth and reform plans as economy cools

Tue, 08/25/2015 - 10:39am
China's slump is shaking the world economy, turning a country long seen as a growth engine into a possible threat.
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8 recipients awarded Carnegie Medal of Philanthropy for dedicating wealth to public good

Tue, 08/25/2015 - 10:18am
Eight recipients have been awarded the 2015 Carnegie Medal of Philanthropy.
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US consumer confidence shows sharp rebound in August to highest reading in 7 months

Tue, 08/25/2015 - 10:16am
U.S. consumer confidence rebounded in August to the strongest reading in seven months after having fallen sharply in July.
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