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Updated: 43 min 24 sec ago

Machinery companies shares mixed at the close of trading

Fri, 10/17/2014 - 6:00pm
Shares of some top machinery companies were mixed at the close of trading: Caterpillar rose $1.81 or 1.9 percent, to $95.05.
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Elliott seeks board seats at Family Dollar, says retailer missed chance for bidding war

Fri, 10/17/2014 - 5:34pm
Hedge fund Elliott Management is seeking seats on Family Dollar's board, saying it wants to ensure the retailer reconsiders a buyout bid from rival Dollar General.
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Moody's Cuts Russia's Rating to 'Baa2' from 'Baa1'

Fri, 10/17/2014 - 5:27pm
Moody's Investors Service cut Russia's sovereign debt rating to 'Baa2' from 'Baa1', becoming the second ratings agency to cut the country's ratings this year, after S&P initiated a downgrade in April.
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Trump Atlantic City Casino Gets Court OK to Break Labor Deal

Fri, 10/17/2014 - 5:25pm
The bankrupt Trump Taj Mahal casino received court approval on Friday to break its labor agreement, a key condition for a rescue deal with billionaire Carl Icahn, and the union promptly announced a plan to picket the Atlantic City, New Jersey hotel.
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Aviation Suppliers Feast on Industry Backlogs, Air Travel Growth

Fri, 10/17/2014 - 5:22pm
A commercial jet manufacturing boom is fueling suppliers' profits, with U.S. corporate results on Friday underscoring strong demand from the aviation industry in a rocky global economy.
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Obama Announces Measures Against Identity Theft, Fraud

Fri, 10/17/2014 - 5:17pm
The U.S. government on Friday said it plans to include increased security protections for credit and debit cards issued to distribute federal benefits such as Social Security and given to federal employees to cover work expenses.
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Elliott Nominates Board Slate at Family Dollar

Fri, 10/17/2014 - 5:11pm
Activist Elliott Management Corp. nominated a slate of seven candidates to the board of Family Dollar Stores Inc., saying the existing leadership missed an opportunity to "facilitate a bidding war" between Dollar Tree Inc. and Dollar General Corp.
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How the Dow Jones industrial average and other major indexes did Friday

Fri, 10/17/2014 - 5:02pm
The stock market had another turbulent session Friday, capping off one of the more eventful weeks on Wall Street in years.
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Week Ahead: Apple Earnings, Inflation and Housing Data

Fri, 10/17/2014 - 4:48pm
Tech giants Apple and Amazon.com lead an array of bellwether companies reporting earnings next week. Also on tap housing and inflation data. 
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Colorado ski season starts with the opening of Arapahoe Basin; no date for Loveland yet

Fri, 10/17/2014 - 4:46pm
Ski season has officially started in Colorado with the opening of Arapahoe Basin.
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Family Dollar Should Give Dollar General 'even Playing Field': Elliott

Fri, 10/17/2014 - 4:46pm
Family Dollar Stores Inc.'s shareholder Elliott Advisors said Friday the company's board should give Dollar General Corp. an "even playing field" in its latest offer to acquire Family Dollar.
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When it comes to travel to Africa's Ebola zone, nations have widely different rules

Fri, 10/17/2014 - 4:32pm
Demands are rising in Washington for the U.S. to ban travelers from countries in West Africa, but the Obama administration is resisting and says the screening measures already in place for travelers are more effective.
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To fight growing inequality, Fed Chair Yellen outlines "building blocks of opportunity"

Fri, 10/17/2014 - 4:32pm
Federal Reserve Chair Janet Yellen expressed deep concerns in a speech Friday about growing inequality in the United States.
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Judge mulls motion to dismiss lawsuit filed by Sterling mistress against his estranged wife

Fri, 10/17/2014 - 4:20pm
A judge who was on the verge of allowing a defamation suit by Donald Sterling's mistress to go forward decided Friday to reconsider after hearing from a lawyer for Shelley Sterling.
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Stocks Turn Higher as Europe Jitters Ease

Fri, 10/17/2014 - 4:05pm
U.S. equities flew higher as worries in Europe eased and traders grew hopeful the Federal Reserve could delay ending its stimulus program. 
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Federal Gulf waters oil lease sale set for March in New Orleans

Fri, 10/17/2014 - 3:48pm
Oil and gas leases for 40 million acres off the coasts of Louisiana, Mississippi and Alabama will be offered by the federal government in a March sale at the Superdome in New Orleans, the Bureau of Ocean Energy Management said Friday.
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Wheat,corn and soybeans lower, oats higher on the CBOT; beef lower and pork higher on the CME.

Fri, 10/17/2014 - 3:48pm
Grain futures were mostly lower Friday on the Chicago Board of Trade.
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Recalls this week include toy toaster sets, folding tables, and television wall mounts

Fri, 10/17/2014 - 3:47pm
A line of toy toaster sets sold at Toys R Us are being recalled because part of the toy can pose a laceration or choking hazard to children.
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Detroit art museum defends high salaries during tense time for city in bankruptcy

Fri, 10/17/2014 - 3:26pm
The Detroit Institute of Arts defended the six-figure salaries of its two top executives on Friday, saying it didn't anticipate a backlash when raises were granted a few years ago, before the city filed for bankruptcy.
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'Easy Rider' chopper going to auction in California, but it might not be the original

Fri, 10/17/2014 - 3:14pm
The customized Captain America chopper Peter Fonda rode in "Easy Rider" is up for auction this weekend in California.
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