FOX News: Business

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Updated: 43 min 13 sec ago

Deere to lay off about 460 employees from Iowa tractor plant as it adjusts to slumping demand

Fri, 08/22/2014 - 9:32am
Agricultural equipment maker Deere is laying off about 460 employees indefinitely from an Iowa tractor factory as it continues to adjust to market demand.
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Keurig Green Mountain Shares Rally As Company Inks Deal With Kraft

Fri, 08/22/2014 - 9:26am
Keurig Green Mountain Inc. and Kraft Foods Group Inc. said Friday they have entered a licensing agreement for Kraft's coffee to be manufactured in Keurig's single-cup brewing packs.
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Europe launches 2 satellites for its Galileo navigation system

Fri, 08/22/2014 - 9:16am
The European Space Agency says two satellites for its new global navigation system have been lifted into orbit aboard a modified Soyuz rocket.
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Deere To Lay Off 460 Employees In Waterloo, Iowa

Fri, 08/22/2014 - 9:16am
Deere & Co. said it will lay off 460 employees in its Waterloo, Iowa operations, as part of the farm and agricultural equipment maker's plan to reduce its workforce to match lower demand.
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World's central bankers pursue sometimes conflicting policies as economic prospects diverge

Fri, 08/22/2014 - 9:01am
The central bankers meeting this week at their annual conference in Jackson Hole, Wyoming, aren't exactly in sync.
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IBM to help China's Inspur to design servers

Fri, 08/22/2014 - 8:39am
IBM will help China's largest server vendor Inspur International design server systems, the two companies said on Friday, an unexpected development in what has been a politically charged rivalry in the Chinese technology market.
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Junk Bond Funds See Biggest Weekly Inflow Of 2014

Fri, 08/22/2014 - 8:33am
Investors poured money back into junk bond funds during the past week after a streak of sharp outflows in July and August.
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SpaceX launch site project in far South Texas gets 10-year county tax exemption

Fri, 08/22/2014 - 8:30am
Cameron County commissioners have agreed to waive 10 years of county taxes as part of an agreement bringing the world's first commercial site for orbital rocket launches to the southernmost tip of Texas.
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Ann Inc. meets 2Q profit expectations, misses revenue forecasts

Fri, 08/22/2014 - 8:26am
Ann Inc. (ANN) on Friday reported earnings of $32.7 million in its fiscal second quarter.
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Foot Locker tops 2Q net income and revenue expectations

Fri, 08/22/2014 - 8:23am
Foot Locker Inc. (FL) on Friday reported profit of $92 million in its fiscal second quarter.
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Apple's IPhone 6 Could Face Delays

Fri, 08/22/2014 - 7:59am
Apple suppliers are struggling to get enough screens ready for the launch of the bigger-screened iPhone 6 next month, according to a report by Reuters, citing unnamed sources.
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Citigroup facing restrictions on sales of hedge fund investments: WSJ

Fri, 08/22/2014 - 7:58am
Citigroup Inc has been sending hedge fund firms letters informing them that it cannot sell investments in hedge funds and private-equity funds to clients after a deal with the Securities and Exchange Commission, the Wall Street Journal reported.
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Dynegy to spend $6.25 billion on power plant acquisitions from Duke, Energy Capital Partners

Fri, 08/22/2014 - 7:58am
Dynegy plans to spend more than $6 billion to buy several coal and gas power generation plants from Duke Energy and Energy Capital Partners.
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Serbia says it wants EU membership, but won't impose sanctions on Russia

Fri, 08/22/2014 - 7:53am
Serbia's prime minister says the Balkan country will not impose sanctions against Russia or curb its food exports despite pressure from the European Union.
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U.S. court denies Allergan bid to speed insider trading suit

Fri, 08/22/2014 - 7:51am
A federal judge in California on Thursday denied a request by Allergan Inc to expedite its civil suit claiming that Valeant Pharmaceuticals International Inc and Pershing Square Capital Management engaged in insider trading ahead of their bid to buy Allergan.
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Ann Tops Profit, And Recently-lowered Sales Outlook

Fri, 08/22/2014 - 7:50am
Ann Inc. reported fiscal second-quarter profit of $32.7 million, or 70 cents a share, down from $35.6 million, or 76 cents a share, in the year-earlier period, but above the FactSet consensus analyst estimate of 68 cents a share.
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RBC reports raises dividend as profit edges higher

Fri, 08/22/2014 - 7:47am
Royal Bank of Canada reported a 4 percent increase in quarterly earnings on Friday, driven by strong results from its wealth management and capital markets divisions.
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Dynegy Inc to buy assets from Duke Energy and Energy Capital Partners

Fri, 08/22/2014 - 7:36am
The U.S. power company will buy coal and gas generation assets from Duke Energy and Energy Capital Partners, deals valued at $6.25 billion.
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Russian Aid Convoy Enters Ukraine After "intolerable" Delays

Fri, 08/22/2014 - 4:37am
A Russian aid convoy was on the move into eastern Ukraine on Friday morning after being held up on the Ukrainian border for days, in what Russia's foreign ministry described as "intolerable" delays.
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Coal gas boom in China threatens to spew greenhouse gases as world tries to curb emissions

Fri, 08/22/2014 - 3:19am
Deep in the hilly grasslands of remote Inner Mongolia, twin smoke stacks rise more than 200 feet into the sky, their steam and sulfur billowing over herds of sheep and cattle.
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