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Report: Toyota Delays Move to Build Lexus in China

Tue, 07/21/2015 - 6:09pm
Toyota will likely delay building its premium Lexus brand in China for at least a few years, as growth in China's auto market slows to a crawl and a weak yen makes it cheaper to keep making cars in Japan.
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$53 million redevelopment of ex-steel mill in suburban Detroit gets $2.2 million from Michigan

Tue, 07/21/2015 - 6:02pm
Michigan announced Tuesday that it is providing $2.2 million in incentives for an Ohio company's planned $53 million redevelopment of a former Detroit-area steel mill.
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50 Cent testifies in New York sex-tape lawsuit; he delves into his business deals, finances

Tue, 07/21/2015 - 5:44pm
Rapper 50 Cent, ranked by Forbes as one of hip-hop's five richest artists, downplayed his wealth on Tuesday as he testified in court about his finances, business deals and the media attention surrounding his recent bankruptcy filing.
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2 men arrested in Israel and 3rd is a fugitive on US charges in stock manipulation spam scam

Tue, 07/21/2015 - 5:43pm
Two men have been arrested in Israel and a third is being sought after a New York indictment accused them of trying to cheat millions of people in a stock spam scam.
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Jobs agency Gov. Scott Walker led dogged by allegations of shoddy lending, political influence

Tue, 07/21/2015 - 5:42pm
After declaring an economic emergency, Wisconsin Gov. Scott Walker's newly created economic development agency backed a plan to turn dirty plastic forks and ketchup-stained napkins into jobs.
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Vermont officials re-tool plans for the disbursement of $10 million in Entergy Nuclear funds

Tue, 07/21/2015 - 5:18pm
State officials have decided to change plans for the disbursement of $10 million in economic development funds that will be used to help cushion the economic blow from the closing of the Vermont Yankee nuclear power plant.
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Chipotle's sales growth falls short of Wall Street expectations

Tue, 07/21/2015 - 5:03pm
Shares of Chipotle fell Tuesday after it reported sales growth that fell short of Wall Street expectations.
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Popular SBA 7(a) loan program nearing its ceiling; loans could go on hold at end of July

Tue, 07/21/2015 - 4:57pm
The Small Business Administration's most popular lending program could go on hold later this month if the agency reaches the statutory limit on the amount of loans it can back.
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GoPro Swings to Profit as Revenue Jumps 72%

Tue, 07/21/2015 - 4:55pm
GoPro Inc. said Tuesday its revenue increased 72% in the second quarter, helped by sales of its Hero4 devices.
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Miss USA: Trump Media Attention ‘Disappointing’ for Pageant

Tue, 07/21/2015 - 4:53pm
Miss USA Olivia Jordan on the impact of Donald Trump’s media attention on latest pageant
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API Data Said To Show U.S. Crude Supply Up 2.3 Million Barrels

Tue, 07/21/2015 - 4:51pm
The American Petroleum Institute late Tuesday reported that crude supplies climbed by 2.3 million barrels for the week ended July 17, according to sources.
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How the Dow Jones industrial average and other major indexes fared on Tuesday

Tue, 07/21/2015 - 4:47pm
Weak results from IBM, United Technologies and other companies pulled U.S. stocks lower on Tuesday, giving the market its first broad decline in four days.
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Microsoft books $8.4 billion write-down on phones, 4th quarter beats depressed expectations

Tue, 07/21/2015 - 4:46pm
Microsoft booked an $8.4 billion charge in the fourth quarter, swallowing a bitter pill by writing off the Nokia phone business it bought just over a year ago.
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Petition signatures verified for North Dakota anti-corporate farming law referendum

Tue, 07/21/2015 - 4:00pm
A farm group seeking to block a new law that exempts dairy and swine operations from North Dakota's anti-corporate farming legislation has successfully pushed the matter to a public vote, Secretary of State Al Jaeger said Tuesday.
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Court ruling clears way for Novartis launch of first low-cost biotech drug in US

Tue, 07/21/2015 - 3:53pm
A federal appeals court has ruled that Novartis can begin selling its lower-cost copy of an Amgen Inc. drug in September, rejecting a bid to further delay the launch of the knock-off biotech medication.
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FAA Head of Labor Relations Resigns

Tue, 07/21/2015 - 3:51pm
FOX Business Network has confirmed the resignation of a David Feder, Director, Labor and Employee Relations, Federal Aviation Administration after only six months on the job.  
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Ex.-Illinois Gov. Blagojevich May Be Re-sentenced After Court Throws Out 5 Counts

Tue, 07/21/2015 - 3:47pm
Rod Blagojevich, the disgraced former Illinois governor, is likely to be re-sentenced after an appellate court threw out five of the 18 counts on which he was convicted in 2011, according to a Chicago Sun-Times report.
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ABC Denver Unit Decides Not To Run Marijuana Ad Slated For Late Monday

Tue, 07/21/2015 - 3:47pm
ABC's Denver affiliate KMGH decided not to run a marijuana advertisement that was slated for late Monday night on concerns about the legality of the promotion.
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TV Deals Boost NFL Revenue to New Record

Tue, 07/21/2015 - 3:32pm
Thanks to pricier television contracts, the National Football League generated a record $7.3 billion in national revenue last season.
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Standard & Poor's upgrades Greece's credit rating to 'CCC+' as fears of collapse dissipate

Tue, 07/21/2015 - 3:27pm
Standard & Poor's has raised Greece's credit rating after a European bailout reduced the chances of the country's government defaulting on its massive debts during the next year.
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