FOX News: Business
FOXBusiness.com - Breaking news and video. Latest Current News: News, Investing, Technology, Personal Finance, Business Leaders, Travel, On Air, Small Business.
Updated: 43 min 24 sec ago
Shares of some top machinery companies were mixed at the close of trading: Caterpillar rose $1.81 or 1.9 percent, to $95.05.
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.
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.
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.
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.
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.
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.
The stock market had another turbulent session Friday, capping off one of the more eventful weeks on Wall Street in years.
Tech giants Apple and Amazon.com lead an array of bellwether companies reporting earnings next week. Also on tap housing and inflation data.
Ski season has officially started in Colorado with the opening of Arapahoe Basin.
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.
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.
Federal Reserve Chair Janet Yellen expressed deep concerns in a speech Friday about growing inequality in the United States.
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.
U.S. equities flew higher as worries in Europe eased and traders grew hopeful the Federal Reserve could delay ending its stimulus program.
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.
Grain futures were mostly lower Friday on the Chicago Board of Trade.
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.
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.
The customized Captain America chopper Peter Fonda rode in "Easy Rider" is up for auction this weekend in California.