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Luxottica founder takes over CEO role as stock tanks amid turmoil

Tue, 10/14/2014 - 12:56pm
The founder of the Luxottica luxury eyewear maker has taken over temporarily as CEO amid management turmoil that has tanked the company's stock.
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Costco to Open Chinese Online Store Through Alibaba's Tmall

Tue, 10/14/2014 - 12:49pm
Costco plans to open an online store in China using Alibaba Group's fast-growing Tmall online marketplace, entering the country to combat slowing sales at home.
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This week's top 10 paid and free apps for iPhone and iPad on the App Store

Tue, 10/14/2014 - 12:47pm
App Store Official Charts for the week ending October 13, 2014: Top Paid iPhone Apps: 1.
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The top 10 books on Apple's iBooks

Tue, 10/14/2014 - 12:47pm
iBook charts for week ending October 13, 2014: Top Paid Books 1.
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Fed's Williams Says QE Could Be Needed If Economy Slides

Tue, 10/14/2014 - 12:42pm
San Francisco Fed President John Williams said that more bond buying could be needed if the economy faltered, according to a report.
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Nielsen says ABC's evening news ratings win reversed upon discovery of error

Tue, 10/14/2014 - 12:33pm
The Nielsen company says ABC's evening newscast did not break a 263-week winning streak by its rivals at NBC, which had been reported last week.
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This week's top selling songs and albums on Apple's iTunes

Tue, 10/14/2014 - 12:33pm
iTunes' Official Music Charts for the week ending October 13, 2014: Top Songs 1.
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European court of justice hears arguments in challenge to ECB bond purchase program

Tue, 10/14/2014 - 12:31pm
The European Union's Court of Justice has heard arguments in a challenge against the European Central Bank's program to purchase government bonds.
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Idaho gives Texas company second shot to exclude federal lands from natural gas field

Tue, 10/14/2014 - 12:21pm
A Texas company is getting another chance to persuade Idaho officials to exclude federal lands and potential royalties from what is believed to be a profitable natural gas field in the southwest part of the state.
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Hazmat-suit High-fliers Cool On Ebola New Case Slowdown

Tue, 10/14/2014 - 12:07pm
Shares of high-flying hazmat-suit makers cooled down Tuesday after the World Health Organization said the rate of new cases of Ebola in the hardest hit areas in West Africa has slowed down.
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WTO rules in favor of US farmers in dispute with India over meat and egg exports

Tue, 10/14/2014 - 11:47am
The World Trade Organization has ruled in favor of U.S. poultry and egg farmers in a dispute with India.
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CME Group to Cu 5% of Global Workforce

Tue, 10/14/2014 - 11:38am
CME Group Inc plans to cut 5 percent of its global workforce, or about 150 jobs, the world's largest futures exchange operator said on Tuesday.
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Fowler and Ferris lead American charge on Britain's Booker Prize for fiction

Tue, 10/14/2014 - 11:28am
This could be the day for an American revolution at Britain's most prestigious literary award, the Booker Prize.
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Despite government backing for 2025 World Expo, Paris bid for 2024 Olympics still in play

Tue, 10/14/2014 - 11:19am
French authorities are still considering a possible Paris bid for the 2024 Olympics, even though Prime Minister Manuel Valls has announced his backing for the city's candidacy to host the 2025 World Expo.
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No thanks, we're full: Supreme Court rejects appeal of California foie gras ban

Tue, 10/14/2014 - 11:19am
The Supreme Court is allowing California to continue enforcing a law that bans the sale of foie gras.
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Supreme Court won't hear Iowa state senator's appeal in defamation case against rival

Tue, 10/14/2014 - 11:19am
The Supreme Court has declined to revive a defamation lawsuit that an Iowa Republican state senator filed against his Democratic opponent over a misleading campaign ad.
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Supreme Court rejects appeal from group seeking release of government memo on phone records

Tue, 10/14/2014 - 11:19am
The Supreme Court won't hear an appeal from a civil liberties group that wants to make public an internal Justice Department memo that allows the FBI to informally obtain phone records.
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Citi Boosts Earnings, Scales Back Consumer Banking

Tue, 10/14/2014 - 11:15am
The nation's third-largest bank by assets reported a 3Q earnings beat and revealed plans to scale back its consumer banking unit by exiting 11 foreign markets.
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Chrysler recalls 184,215 SUVs for problem that can affect air bags and seat belts

Tue, 10/14/2014 - 11:01am
Chrysler is recalling 184,215 SUVs worldwide because a wiring problem could disable their air bags and seat belt pretensioners.
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Tesco suspends 3 more executives amid investigation into overstatement of profits

Tue, 10/14/2014 - 10:31am
Tesco, one of the world's largest food retailers, has suspended three more executives as it investigates why its half-year profit was overstated by 250 million pounds ($407 million).
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