FOX News: Business

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Updated: 21 min 24 sec ago

California home sales rise in December on stronger economy, lower rates; price gains moderate

Thu, 01/15/2015 - 5:45pm
California home sales jumped in December, buoyed by a stronger economy and lower interest rates, a research firm said Thursday.
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Romney Eyeing 2016? Here’s the Thing About Crowds…

Thu, 01/15/2015 - 5:42pm
Me? Maybe because I'm half-Italian and know how routine heavy 'candidate' turnout is back in Italy, I have no problem with a big bunch vying for the big brass ring.
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Schlumberger Revenue Rises 6%

Thu, 01/15/2015 - 5:35pm
Schlumberger, the world's No.1 oilfield services provider, reported a 6 percent rise in quarterly revenue, helped by efficiency improvements in North America and resilient drilling activity in the Middle East and Asia.
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Sports agency votes to close struggling Izod Center, former home of New Jersey Devils and Nets

Thu, 01/15/2015 - 5:33pm
A struggling sports arena that was home to the New Jersey Devils and the New Jersey Nets is set to close.
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Markets Fall Again on Surprise Swiss Monetary Move

Thu, 01/15/2015 - 5:18pm
The major U.S. stock benchmarks fell for the fifth consecutive day as oil prices resumed their slide and the Swiss central bank unexpectedly lifted a three-year cap Euro exchange rates put in place to keep the Franc from appreciating too much and damaging Switzerland’s export-driven economy. Adding to the volatility was a surprise rise in weekly jobless claims to a four-month high at 316,000 and a series of disappointing quarterly earnings reports from the financial sector including Bank of America and Citigroup.
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Entrepreneur Musk says Texas tops his list for establishing speed-of-sound transit test site

Thu, 01/15/2015 - 5:17pm
Entrepreneur Elon Musk says Texas is atop his list to build a five-mile-long test track for his conceptual Hyperloop project that involves shooting capsules full of people through elevated tubes at the speed of sound.
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Electric Boat asks Rhode Island leaders to ensure there are qualified people to fill jobs

Thu, 01/15/2015 - 5:17pm
The president of U.S. Navy contractor Electric Boat asked Rhode Island officials on Thursday to help ensure there are enough qualified state residents to fill thousands of jobs needed to build submarines in the coming years.
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Average US mortgage rates this week and for the past year, at a glance

Thu, 01/15/2015 - 5:16pm
Average U.S. long-term mortgage rates fell for the third straight week, with the benchmark 30-year rate again marking its lowest level since May 2013.
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There's Only Four Days Left To Buy Google Glass

Thu, 01/15/2015 - 5:01pm
Google Inc. will discontinue its Glass Explorers program on Jan. 19.
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Intel posts 4Q profit, results top Street expectations

Thu, 01/15/2015 - 4:49pm
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U.S. Fines Southwest $1.6M Over Runway Delays

Thu, 01/15/2015 - 4:47pm
The U.S. government on Thursday fined Southwest Airlines $1.6 million in what it said was the biggest civil penalty levied against an airline for violating rules barring long waits for passengers in planes on the runway.
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Contrarians see energy stocks as cheap, but many professionals say they may just get cheaper

Thu, 01/15/2015 - 4:46pm
Bargain hunting can be a thrill, but remember that it can also be dangerous.
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Gov. Snyder vetoes bill limiting authority to manage Michigan forests for biodiversity values

Thu, 01/15/2015 - 4:32pm
Gov. Rick Snyder vetoed a bill Thursday that would have limited regulators' authority to designate sections of state land for the promotion of biological diversity, saying it would hamper sustainable forest management beneficial to the economy as well as environmental protection.
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Puerto Rico governor approves 68 percent boost in oil tax to bolster revenues, bond sales

Thu, 01/15/2015 - 4:32pm
Puerto Rico's governor signed a law Thursday that will increase the excise tax on a barrel of crude oil by 68 percent to help generate funds and sell an anticipated $2.9 billion in bonds.
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Moving swiftly, US eases Cuba travel and trade rules _ punching hole in 5-decade-old embargo

Thu, 01/15/2015 - 4:20pm
Swiftly expanding trade ties with Cuba, the Obama administration opened the door to easier travel and a wide range of new export opportunities with the communist island starting Friday, punching the biggest hole to date in America's half-century-old embargo.
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Viacom extends CEO Philippe Dauman's contract through 2018

Thu, 01/15/2015 - 4:02pm
Viacom Inc. said Thursday that it has extended the contract of its President and CEO Philippe Dauman through 2018.
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Belgian Police Kill Two in Counter-Terror Raid

Thu, 01/15/2015 - 3:50pm
Belgian police killed two men who opened fire on them during one of about a dozen raids on Thursday against an Islamist group that federal prosecutors said was about to launch "terrorist attacks on a grand scale".
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A look at data on US homes that were in foreclosure or repossessed by banks in 2014

Thu, 01/15/2015 - 3:31pm
Foreclosures last year fell to their lowest level since before the housing bust.
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AP Explains: Amazon Prime Instant Video and the surge of streaming video

Thu, 01/15/2015 - 3:22pm
Online retailer's Prime Instant Video made history this week when its show "Transparent" won a Golden Globe for best comedy TV series, a first for a web-only production.
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Bank of America, Citigroup miss investor expectations as the banks' trading struggles

Thu, 01/15/2015 - 3:20pm
The final months of 2014 were more difficult for big banks than investors suspected.
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