FOX News: Business

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Updated: 36 min 23 sec ago

New line to bring Canadian power to southern New England gets key agreements in Vermont

Tue, 07/21/2015 - 1:01pm
A plan to run a 1,000-megawatt power line down Lake Champlain and across Vermont to bring Canadian power to southern New England is getting key support in the Green Mountain State.
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Oil Steadies as Dollar Easies, Oversupply in Focus

Tue, 07/21/2015 - 1:00pm
Crude oil futures clung to gains in volatile trading as the U.S. front-month August contract headed to expiration on Tuesday, with the weaker dollar providing support.
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Airlines turning to biofuels to meet emissions rules, capitalize on growth in air travel

Tue, 07/21/2015 - 12:51pm
The number of global fliers is expected to more than double in the next two decades.
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Amkor Technology To Invest $60 Million To Expand China Plant By 45%

Tue, 07/21/2015 - 12:40pm
Semiconductor packaging and test services company Amkor Technology Inc. said Tuesday it is planning to invest about $60 million to expand its assembly and test factory in China's Shanghai free trade zone.
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The rogues gallery of accounting scandals through the years

Tue, 07/21/2015 - 12:28pm
The resignation of nine Toshiba executives, including the CEO, for doctoring books places the company beside the growing rogues' gallery of corporate desperados.
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Pfizer is expanding its vaccine portfolio, developing other shots to cover entire lifespan

Tue, 07/21/2015 - 12:27pm
Pfizer is expanding its research on vaccines to eventually cover the entire lifespan, from shots for pregnant women to protect babies from the moment of birth to vaccines for senior citizens with waning immune systems.
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Calendar of major business events scheduled for Wednesday

Tue, 07/21/2015 - 12:18pm
Major business and economic events scheduled for Wednesday: WASHINGTON — National Association of Realtors releases existing home sales for June, 10 a.m.
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Donald Trump orders flags to be flown at half-staff on his properties after offending veterans

Tue, 07/21/2015 - 12:04pm
Republican presidential candidate Donald Trump is ordering that the flags on his U.S. properties lowered to honor the five service members killed in last week's shooting in Chattanooga, Tennessee.
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Ohio Gov. John Kasich Says He's Running For President

Tue, 07/21/2015 - 11:57am
Ohio Gov. John Kasich said Tuesday he is running for president, becoming the latest Republican to join the crowded field of GOP hopefuls.
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Native American tribe sues New Jersey seeking to retain recognition, access to benefits

Tue, 07/21/2015 - 11:33am
A Native American tribe is suing New Jersey officials to demand it be recognized by the state government.
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Chesapeake Energy Suspends Dividend Payments

Tue, 07/21/2015 - 11:23am
Chesapeake Energy Corp, the second-largest U.S. natural gas producer, said on Tuesday it will suspend dividend payments starting in the current quarter to save up to $240 million a year.
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Newark archdiocese sues to block New Jersey law that keeps it from selling headstones

Tue, 07/21/2015 - 11:22am
A Roman Catholic archdiocese in New Jersey and two parishioners are suing the state over a new law that makes it illegal for the archdiocese to sell headstones and monuments at its 11 cemeteries.
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Goldman Bets on European Stocks, Veers Away from U.S.

Tue, 07/21/2015 - 11:14am
With market jitters over Greece receding, Goldman Sachs is advising clients to load up on European stocks at the expense of U.S. assets.
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Citi to refund $700 million to customers, pay $70 million in fines, for illegal card practices

Tue, 07/21/2015 - 11:12am
Citigroup will be refunding $700 million to consumers and will pay $70 million in fines for illegal and deceptive credit card practices.
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Tesla Sinks After Most Recent Downgrade

Tue, 07/21/2015 - 11:01am
The automaker wasn't feeling the love from Wall Street on Tuesday after UBS became the third investment bank this month to downgrade the electric sport-car maker's stock. Shares fell as much as 5% in recent action on the heels of the move.
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Wolf says bad budgeting is costing Pennsylvania state government $170M a year in bond interest

Tue, 07/21/2015 - 10:57am
Gov. Tom Wolf said Tuesday that bad state budgeting is costing taxpayers about $170 million a year, the Democrat's latest attack on Republicans who control the Legislature as he and top GOP lawmakers prepare to resume meetings on a 3-week-old budget stalemate.
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Chesapeake Energy eliminates its annual dividend of 35 cents per share

Tue, 07/21/2015 - 10:56am
With natural gas and crude in an extended decline and few signs of a rebound, Chesapeake Energy axed its annual dividend and will redirect the money into its 2016 capital spending program.
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European regulators approve Amgen's breakthrough cholesterol drug Repatha

Tue, 07/21/2015 - 10:49am
Amgen Inc. says European regulators have approved its first-of-a-kind cholesterol drug that lowers levels of the artery-clogging substance more than older drugs that have been prescribed for decades.
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Puerto Rico touts $150M in cuts amid deepening economic crisis

Tue, 07/21/2015 - 10:26am
Puerto Rico's government says that in recent years it has reduced certain expenditures by nearly $150 million amid a worsening economic crisis.
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Officials: Thousands of porta-potties readied for papal visit in Philadelphia

Tue, 07/21/2015 - 10:19am
Organizers are assuring the masses descending on Philadelphia for Pope Francis' visit that they shouldn't worry about bathrooms.
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