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Oil Drops Under $47 As Supplies Hit Highest Levels In 80 Years

Thu, 01/22/2015 - 12:13pm
Crude-oil futures dropped further on Thursday after a weekly supply report showed a larger-than-expected increase in crude inventories, and U.S. stockpiles were at the highest in eight decades.
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Former Interior Secretary Bruce Babbitt slams Utah's push to control federal lands

Thu, 01/22/2015 - 11:52am
Former Interior Secretary Bruce Babbitt says Utah's push to take control of federal lands in the state is a radical measure and a threat to the outdoor recreation industry.
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Unvaccinated urged to avoid Disney's California parks as measles outbreak grows to 70 cases

Thu, 01/22/2015 - 11:52am
A measles outbreak traced to Disney theme parks in California led to warnings against visiting the happiest place on Earth if tourists or their children have not been vaccinated against the highly contagious respiratory disease that has sickened 70 people.
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Christie appoints emergency management team for Atlantic City as part of restoration plans

Thu, 01/22/2015 - 11:52am
Gov. Chris Christie is appointing an emergency management team to oversee Atlantic City's operations as part of plans to help the struggling seaside gambling resort get back on its feet.
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Puerto Rico legislators seek economic advice from NY Fed official

Thu, 01/22/2015 - 11:50am
A vice president at the Federal Reserve Bank of New York has met with Puerto Rico senators to discuss how the government can strengthen the U.S. territory's economy.
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Pop diva Rihanna wins court battle against Topshop over T-shirt featuring her image

Thu, 01/22/2015 - 11:50am
Pop singer Rihanna has won a court battle against fashion retailer Topshop over a T-shirt featuring a photo of her.
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Average rate on 30-year mortgage falls to 3.63 pct.; lowest since May 2013

Thu, 01/22/2015 - 11:47am
Average long-term U.S. mortgage rates fell for the fourth straight week, with the benchmark 30-year rate again marking its lowest level since May 2013.
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Spain: Nation's high unemployment rate barely budges in Q4, stays stuck at 23.7 percent

Thu, 01/22/2015 - 11:38am
Spain's unemployment rate remained stuck at 23.7 percent in the fourth quarter ending in December compared with the previous three-month period, marking an end to a series of joblessness rate declines throughout 2014, the government's statistics agency said Thursday.
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Union Pacific 4Q profit jumps 22 percent as railroad hauls more freight, raises rates

Thu, 01/22/2015 - 11:28am
Union Pacific's fourth-quarter profit surged 22 percent as the railroad hauled more freight, raised rates and paid less for fuel.
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Stock markets rise, euro falls after European Central Bank reveals big stimulus plan

Thu, 01/22/2015 - 11:28am
U.S. stocks are rising Thursday morning after Europe's central bank announced a plan aimed at reviving that region's struggling economy.
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RBC seeks to boost financial services for wealthy by paying $5.4 billion for City National

Thu, 01/22/2015 - 11:28am
Royal Bank of Canada plans to boost its services for wealthy clients by paying about $5.4 billion in cash and stock to buy U.S.-based City National Corp.
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Southwest Airlines posts 4Q profit, results beat Wall Street forecasts

Thu, 01/22/2015 - 11:28am
Southwest Airlines Co.'s fourth-quarter net income slipped 10 percent due to the effect of fuel-hedging contracts that lost value as oil prices tumbled, but the company's results beat Wall Street expectations.
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Fuel-hedging contracts, severance costs push United Airlines' profit down 80 percent in 4Q

Thu, 01/22/2015 - 11:28am
United Airlines' fourth-quarter profit fell 80 percent due to severance costs and contracts that lost value as oil prices tumbled.
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Family Dollar shareholders vote to approve Dollar Tree takeover at shareholder meeting

Thu, 01/22/2015 - 11:28am
Family Dollar shareholders have voted to approve a takeover bid from rival Dollar Tree.
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Cadillac wants smaller dealers to upgrade to 'boutique' stores to take on German luxury brands

Thu, 01/22/2015 - 11:28am
Cadillac wants about 700 smaller dealers in the U.S. to create "boutique" stores that focus on the luxury brand.
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McDonald's faces worker lawsuit on franchise operator's alleged racial, sexual discrimination

Thu, 01/22/2015 - 11:28am
Several fired McDonald's employees who say they were subject to racial discrimination and sexual harassment have sued the fast-food chain's corporate parent, which they say controls nearly every aspect of how franchisees operate.
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Verizon Communications reports 4th-quarter loss of $2.23 billion, but revenue beats Street

Thu, 01/22/2015 - 11:28am
Verizon Communications Inc. on Thursday reported a fourth-quarter loss of $2.23 billion, hurt by pension and severance costs.
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Oil Falters After ECB Announces New Bond-Buying Program

Thu, 01/22/2015 - 11:21am
U.S. crude oil markets traded to the downside Thursday after the European Central Bank said it would start buying government bonds, a move that could push the dollar to new highs and put downward pressure on commodities.
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Gannett says it will evaluate activist investor Carl Icahn's 2 nominees to its board

Thu, 01/22/2015 - 11:06am
Activist investor Carl Icahn has nominated two people to the board of USA Today publisher Gannett Co.
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Carl Icahn Nominates Two to Gannett Board

Thu, 01/22/2015 - 11:03am
Activist investor Carl Icahn nominated two directors to USA Today publisher Gannett Co Inc's board and pushed for changes in the company's corporate governance practices.
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