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: 26 min 59 sec ago

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.
Categories: FOX News

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.
Categories: FOX News

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.
Categories: FOX News

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.
Categories: FOX News

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.
Categories: FOX News

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.
Categories: FOX News

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.
Categories: FOX News

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.
Categories: FOX News

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.
Categories: FOX News

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.
Categories: FOX News

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.
Categories: FOX News

Patriots Coach Belichick 'shocked' By Deflated-ball Allegations

Thu, 01/22/2015 - 10:54am
New England Patriots head coach Bill Belichick said Thursday that he has never had a conversation with a player or staff member about the air pressure in game balls, and further could not even specifically recall ever having touched a game ball.
Categories: FOX News

Family Dollar Investors Say Yes To Dollar Tree Tie-up

Thu, 01/22/2015 - 10:45am
Family Dollar Stores Inc. said Thursday that a majority of its shareholders have voted in favor of its merger with Dollar Tree Inc.
Categories: FOX News

Euro Falls To Multiyear Lows Against Dollar, Pound, Yen

Thu, 01/22/2015 - 10:45am
The euro hit $1.1465, its lowest level since March 2003, after European Central Bank President Mario Draghi said the central bank would start buying 60 billion euros, about $68 billion, in eurozone government bonds every month through September 2016.
Categories: FOX News

Family Dollar Shareholders OK Dollar Tree Merger

Thu, 01/22/2015 - 10:36am
Family Dollar Stores Inc's shareholders approved the discount retailer's deal to be bought by Dollar Tree Inc, effectively putting Dollar General Corp out of the race to buy the company.
Categories: FOX News

U.S. Stocks Open Higher After ECB Announces Stimulus Package

Thu, 01/22/2015 - 10:34am
The U.S. stock market opened higher on Thursday as investors welcomed the European Central Bank's long-awaited announcement of monetary stimulus program to revive slumping eurozone economy.
Categories: FOX News

Spanish 10-year Bond Yield Hits All-time Low On ECB Stimulus

Thu, 01/22/2015 - 10:14am
The Spanish 10-year bond yield hit an all-time low Thursday after European Central Bank President Mario Draghi's announcement that the central bank will buy 60 billion euros worth of eurozone government debt every month, from March through September 2016.
Categories: FOX News

ECB Reveals Monthly Bond Buys Of 60 Billion Euros

Thu, 01/22/2015 - 9:56am
European Central Bank President Mario Draghi on Thursday announced the central bank is launching an "expanded asset purchase program" with combined monthly purchases of 60 billion euros, starting in March and running through at least the end of September 2016.
Categories: FOX News

ECB and Oil

Thu, 01/22/2015 - 9:52am
While all the markets await the European Central Bank (ECB) decision on QE, already markets are taking risk off the table as the ECB leaked at least the amount of the asset purchases.  
Categories: FOX News

Southwest Airlines' Stock Rallies After Profit, Sales Beat Forecasts

Thu, 01/22/2015 - 9:47am
Shares of Southwest Airlines ran up 3.8% in premarket trade Thursday, after the air carrier reported better-than-expected fourth-quarter results, boosted by increased passenger traffic and a sharp drop in fuel costs.
Categories: FOX News