FOX News: Business

Syndicate content FOX Business
FOXBusiness.com - Breaking news and video. Latest Current News: News, Investing, Technology, Personal Finance, Business Leaders, Travel, On Air, Small Business.
Updated: 25 min 53 sec ago

Office Depot to Cut 1,100 Jobs in Europe

Thu, 10/16/2014 - 9:57am
Office Depot Inc said it would eliminate about 1,100 jobs in Europe as part of a restructuring plan in the region.
Categories: FOX News

Blackstone Profit Misses, Firm Sees Opportunities

Thu, 10/16/2014 - 9:35am
Blackstone Group LP, the world's largest alternative asset manager, on Thursday reported lower-than-expected third-quarter earnings, but said it was well positioned to profit from market jitters and put more of its $42.3 billion in undrawn investor capital to work.
Categories: FOX News

EU nations vow to beef up Ebola exit screening for passengers coming from West Africa

Thu, 10/16/2014 - 9:34am
European Union nations are promising to reinforce passenger screening for Ebola at the airports in the hardest-hit West African nations and coordinate a common approach for the deadly virus at EU entry points.
Categories: FOX News

CBS to Launch Video Streaming Service

Thu, 10/16/2014 - 9:33am
CBS Corp said it will launch digital subscription-based video on demand and live streaming services for its television network.
Categories: FOX News

News Guide: Kochs' new super PAC reports donors, including hedge fund exec, poultry farm

Thu, 10/16/2014 - 9:27am
Some of the most powerful political committees faced a Wednesday deadline to reveal how much cash they raised and spent during July, August and September.
Categories: FOX News

US manufacturing output increases 0.4 pct. in September, but auto production dips

Thu, 10/16/2014 - 9:15am
U.S. manufacturing output rose in September, led by gains for aerospace products, furniture, clothing and plastics.
Categories: FOX News

Weekly Jobless Claims Drop to 14-Year Low

Thu, 10/16/2014 - 9:13am
The number of Americans filing new claims for jobless benefits fell to a 14-year low last week, a positive signal for the labor market that could counter doubts over whether the economy is shifting into a higher gear.
Categories: FOX News

Fed's Lockhart: Labor Market Still Far From Normal

Thu, 10/16/2014 - 9:06am
The U.S. labor market remains far from normal with many companies preferring to use part-time workers, said Dennis Lockhart, the president of the Atlanta Fed, on Thursday.
Categories: FOX News

College for Creative Studies works with Shinola to develop fashion accessories design program

Thu, 10/16/2014 - 9:00am
The College for Creative Studies is working with a business that makes watches and other goods in Detroit on plans for a degree program in fashion accessories design, officials said Thursday.
Categories: FOX News

IBio Shares Surge After Company Responds To Inquiries Regarding Ebola Outbreak

Thu, 10/16/2014 - 8:51am
Shares of iBio soared 42% in active premarket trade Thursday, after the company said it has offered to assist the U.S. government by making its proprietary antibody production technology available to deal with the current Ebola virus outbreak.
Categories: FOX News

One-time costs push Delta's 3Q profit lower; adjusted earnings narrowly beat forecasts

Thu, 10/16/2014 - 8:46am
Delta Air Lines Inc. said Thursday that third-quarter profit fell 74 percent on one-time costs such as retiring older planes, although the results excluding those items beat expectations.
Categories: FOX News

Fed's Plosser: Waiting Too Long To Liftoff Is Risky

Thu, 10/16/2014 - 8:32am
The Federal Reserve should hike rates sooner rather than later to avoid a chance that inflation will accelerate, said Charles Plosser, president of the Philadelphia Fed, on Thursday.
Categories: FOX News

Applications for US unemployment benefits plummet to 14-year low of 264,000

Thu, 10/16/2014 - 8:30am
The number of people seeking U.S. unemployment aid dropped to the lowest level in 14 years last week, the latest signal that companies are cutting few workers and hiring could remain healthy.
Categories: FOX News

U.S. Initial Jobless Claims Tumble To 264,000, Hit Lowest Level In More Than 14 Years

Thu, 10/16/2014 - 8:30am
The number of people who applied for U.S. jobless benefits fell 23,000 to 264,000 in the week that ended Oct. 11, hitting the lowest level since April 2000, showing that employers are laying off few workers, according to government data released Thursday.
Categories: FOX News

Bank Of America Upgraded To Outperform By FBR Analysts

Thu, 10/16/2014 - 8:29am
Bank of America Corp. was upgraded to an outperform from market perform by analysts at FBR & Co., citing drastically reduced litigation expenses going forward.
Categories: FOX News

All 30 Dow Stocks Falling Premarket

Thu, 10/16/2014 - 8:09am
All 30 Dow industrials components are selling off in premarket trade Thursday, with 29 of those stocks losing at least 1%.
Categories: FOX News

Chesapeake Sells Shale Assets To Southwestern Energy For $5.375 Billion

Thu, 10/16/2014 - 7:58am
Chesapeake Energy Corp. said Thursday it's selling shale assets to Southwestern Energy Co. for $5.375 billion.
Categories: FOX News

Crude Oil Futures Continue Deep Slide

Thu, 10/16/2014 - 7:54am
Crude-oil futures continued their slide as the glut in global oil supply and weak demand projections weighed on global oil benchmarks.
Categories: FOX News

EU's executive commission vows continuing assistance for Greece as markets nosedive

Thu, 10/16/2014 - 7:50am
The European Union's executive commission has vowed continuing financial support for Greece as markets punish the bailed-out country's stocks and bonds.
Categories: FOX News

EU's top energy official cautiously optimistic of Russia-Ukraine gas deal as new talks near

Thu, 10/16/2014 - 7:50am
The European Union's top energy official says he's cautiously optimistic about chances of a deal to secure gas supplies this winter for Ukraine and Europe as he prepares for new talks with Kiev and Moscow.
Categories: FOX News