FOX News: Business

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Updated: 38 min 47 sec ago

Aug. unemployment rate dropped for teens and 20-to-24-year-olds as many left job market

Fri, 09/05/2014 - 2:50pm
Though U.S. job growth slowed last month, the unemployment rate fell, especially for younger demographic groups.
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APNewsBreak: New Jersey allows online gambling to continue even after Trump Plaza closes

Fri, 09/05/2014 - 2:50pm
New Jersey casino regulators will let Betfair continue to take Internet bets after its brick-and-mortar casino partner, Trump Plaza, closes later this month.
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Work begins on $1 billion solar power plant south of Vegas; electricity bound for California

Fri, 09/05/2014 - 2:41pm
Company and federal officials have marked the start of construction on a $1 billion solar power generating station in the desert 50 miles south of Las Vegas.
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Mercedes to build new SUV at Alabama plant in 2015; CEO calls for harmonizing safety standards

Fri, 09/05/2014 - 2:12pm
Mercedes has announced plans to start building a fifth model, the ML Coupe, at its Alabama plant next year.
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Stocks Lifted by Gains in Dividend-Rich Utilities

Fri, 09/05/2014 - 2:02pm
Stocks rose on Friday for the first day this week, led higher by dividend-rich utility and phone companies.
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Hillary Clinton To Decide On White House Run After Jan. 1

Fri, 09/05/2014 - 1:59pm
Hillary Clinton said Friday she will probably decide about whether to run again for president after Jan. 1.
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US retailers shed jobs in August, while factory hiring was flat

Fri, 09/05/2014 - 1:54pm
In recent months, a wide array of U.S. industries added jobs.
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Senators disagree on whether IRS treated conservative groups worse than liberal ones

Fri, 09/05/2014 - 1:38pm
After investigating the IRS for more than a year, two key senators — a Democrat and a Republican — disagree on whether the tax agency treated conservative groups worse than their liberal counterparts when they applied for tax-exempt status.
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New York regulators OK higher health insurance rates for '15; industry wanted bigger increases

Fri, 09/05/2014 - 1:30pm
New York insurance regulators have approved higher health insurance rates for 2015, though the increases are smaller than what the industry wanted.
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US rig count up 11 in latest week to 1,925; Texas up 7

Fri, 09/05/2014 - 1:29pm
Oilfield services company Baker Hughes Inc. says the number of rigs exploring for oil and natural gas in the U.S. increased by 11 this week to 1,925.
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Dollar General Evaluating Its Next Step After Family Dollar Rejects Bid

Fri, 09/05/2014 - 1:26pm
Dollar General Corp. said Friday it remains committed to acquiring Family Dollar Stores Inc. and is evaluating its next steps.
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In college football, schools turn to raffles, Groupon and giveaways to fill student seats

Fri, 09/05/2014 - 1:17pm
In an attempt to keep its student section full, the University of Iowa recently tried a somewhat costly promotion: A raffle for free tuition if a student purchased a book of season tickets.
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Shares of surfer-gear retailer Quiksilver fall nearly 30 percent on disappointing 3rd quarter

Fri, 09/05/2014 - 12:51pm
Shares of Quiksilver Inc. lost nearly a third of their value Friday, a day after the seller of skateboarding- and surfing-inspired clothes reported a disappointing third quarter.
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Report: G20 Signals Flexibility on Big Bank Failures

Fri, 09/05/2014 - 12:45pm
Regulators trying to end the problem of "too big to fail" banks are moving closer to a landmark deal that will give large banks more flexibility about how to deal with losses when they go bust and cut the amount of fresh bonds they will need to issue.
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Report: Alibaba to Let Employees Buy Shares in IPO

Fri, 09/05/2014 - 12:42pm
Chinese e-commerce company Alibaba Group Holding Ltd <IPO-BABA.N> will allow employees and people close to the company to buy shares in its forthcoming initial public offering, the Wall Street Journal reported, citing people familiar with the matter.
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Obama: U.S. Organizing Global Effort To Defeat ISIS

Fri, 09/05/2014 - 12:42pm
President Barack Obama on Friday said the U.S. would work with Western allies and countries in the Mideast to develop a strong diplomatic and political effort to degrade and defeat the "savage" Islamic insurgent group known as ISIS.
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GM Wins Dismissal of Lawsuit Over IPO

Fri, 09/05/2014 - 12:41pm
General Motors Co (NYSE:GM) has won dismissal of a shareholder lawsuit accusing it of padding sales around the time of its November 2010 initial public offering by quietly unloading vehicle inventory on its dealers.
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9th Circuit upholds entire $28.4M verdict in lawsuit over bus-routing software

Fri, 09/05/2014 - 12:37pm
An appeals court has upheld the entire $28.4 million jury award in a lawsuit filed by a Missoula software company against the largest school bus company in North America.
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Tracing the history of the blue jean

Fri, 09/05/2014 - 12:31pm
History of Jeans: 1873: Businessman Levi Strauss and tailor Jacob Davis invent the first pair of jeans after getting a patent to create cotton-denim workpants with copper rivets in certain areas like the pocket corner to make them stronger.
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Institutional Shareholder Services says Chiquita shareholders should vote against Fyffes deal

Fri, 09/05/2014 - 12:27pm
A proxy advisory firm says Chiquita Brands shareholders should vote against the company's proposed merger with Irish fruit company Fyffes, saying Chiquita might be able to get greater value from a different deal.
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