FOX News: Business

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Updated: 40 min 34 sec ago

China Abandons One-child Policy, Allows Two Children For All: Xinhua

Thu, 10/29/2015 - 7:01am
China says it will abandon its more than 30-year-old one-child policy and allow couples to have two children, Chinese news agency Xinhua reported on Thursday.
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Hess Keeps Up Holiday Tradition With Toy Trucks

Thu, 10/29/2015 - 7:00am
Hess sold its retail business, the largest chain of gas stations and convenience stores along the East Coast, to Speedway in 2014. But Hess promised to continue making its popular toy trucks, holding onto a longtime holiday tradition.
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Aetna Revenue Rises, Misses Estimate

Thu, 10/29/2015 - 6:22am
Health insurer Aetna reported a 1.5 percent increase in quarterly revenue, helped by membership growth in its government business.
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Time Warner Cable Misses Profit, Revenue Forecasts

Thu, 10/29/2015 - 6:16am
Time Warner Cable Inc. said on Thursday third-quarter profit slipped to $437 million, or $1.53 a share, down from $499 million, or $1.76 a share, in the year-ago period.
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Time Warner Cable Profit Tops Estimate

Thu, 10/29/2015 - 6:13am
Time Warner Cable on Thursday posted a better-than-expected adjusted profit in the third quarter as it added more high-speed data customers.
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Inventories Seen Weighing on U.S. 3Q Growth

Thu, 10/29/2015 - 5:27am
U.S. economic growth likely braked sharply in the third quarter as businesses cut back on restocking warehouses to work off an inventory glut.
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Sony Returns to Profit in 3Q, Keeps Outlook Unchanged

Thu, 10/29/2015 - 4:50am
Sony said it returned to a net profit in its fiscal second quarter after a loss a year earlier, on solid sales of its PlayStation 4 videogame console and image sensors.
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Deutsche Bank to Cut 35,000 Jobs in Overhaul

Thu, 10/29/2015 - 4:37am
Deutsche Bank on Thursday announced plans to cut 35,000 jobs over the next two years as part of a sweeping overhaul under new co-Chief Executive John Cryan.
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Barclays Third-Quarter Profit Disappoints

Thu, 10/29/2015 - 4:26am
Barclays reported weaker-than-expected third-quarter results, underlining the challenges for incoming Chief Executive Jes Staley to make the bank more profitable.
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Shell Profits Slump After Huge Write-Offs

Thu, 10/29/2015 - 4:10am
Royal Dutch Shell reported a sharp drop in third-quarter profits on the back of low oil prices and a hefty $8.2 billion charge which included write-offs in Alaska and Canada.
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Gold Slumps Over 1% In Wake Of Fed Meeting

Thu, 10/29/2015 - 3:26am
Gold prices fell sharply on Thursday, a day after the Federal Open Market Committee left the door open to hiking interest rates at its December meeting.
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Report: Pfizer, Allergan Considering a Combination

Wed, 10/28/2015 - 9:01pm
Pfizer Inc and Allergan Plc are considering combining, the Wall Street Journal said on Wednesday.
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GM Promises Additional U.S. Investment to Secure 3,300 Jobs

Wed, 10/28/2015 - 6:41pm
General Motors Co has promised the United Auto Workers union it will invest an additional $1.9 billion in its U.S. factories to secure 3,300 union jobs, and pay higher wages and bonuses under a proposed four-year contract.
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Ensco Reports Lower Third-quarter Earnings

Wed, 10/28/2015 - 6:20pm
Ensco PLC late Wednesday reported its third-quarter earnings fell to $293.8 million, or $1.34 a share, from $432.9 million, or $1.79 a share, a year earlier.
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U.S. Markets Close Higher After Volatile Session

Wed, 10/28/2015 - 6:01pm
Recovery after a  panic attack Wednesday on Wall Street! A minor freak out temporarily clipped stocks in half just after 2 p.m. ET after the Federal Reserve's announcement that there will be no rate hike. 
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Amgen Boosts Outlook as Profit Rises 50%

Wed, 10/28/2015 - 5:32pm
Amgen Inc. raised its 2015 guidance as the biotechnology company reported that its third-quarter earnings rose 50% on stronger revenue led by Enbrel and other key drugs.
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House Passes Budget, Debt-limit Deal

Wed, 10/28/2015 - 5:24pm
The House of Representatives on Wednesday passed a two-year budget deal that also suspends the federal debt limit.
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FMC Shares Rise On Better-than-expected Adjusted Earnings

Wed, 10/28/2015 - 5:06pm
FMC Corp. late Wednesday reported it swung to a third-quarter loss of $2.4 million, or 2 cents a share, from a profit of $56 million, or 42 cents a share, a year earlier.
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Sanofi US Recalls All Auvi-Q Epinephrine Auto-injectors

Wed, 10/28/2015 - 4:52pm
Sanofi US has issued a voluntary recall of all Auvi-Q epinephrine auto-injectors currently on the market, including the the 0.15 mg and 0.3 mg strengths for hospitals, retailers and consumers, the company said in a release.
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Novatel Wireless Appoints New CEO

Wed, 10/28/2015 - 4:46pm
Novatel Wireless Inc. said Wednesday its board of directors has appointed Sue Swenson as the company's CEO, replacing Alex Mashinsky, who was ousted Tuesday.
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