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Stocks Notch Fourth Straight Day of Gains

Tue, 07/14/2015 - 6:31pm
U.S. stocks notched a fourth straight day of gains. 
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In rare move, Teamsters union sues Republic Airways over signing bonuses for new pilots

Tue, 07/14/2015 - 6:29pm
Unions say that low pay is creating a pilot shortage at regional airlines, but the Teamsters are taking the unusual step of suing an airline for giving more money to pilots it represents.
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Michigan union criticizes new 3-year, $158 million prison food contract, will try to stop it

Tue, 07/14/2015 - 6:26pm
A Michigan union pledged to try to stop a three-year, $158 million prison food contract approved Tuesday, questioning the lack of a new bid and saying state employees should again be doing the work instead.
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Guess names Victor Herrero as CEO as co-founder Paul Marciano transitions to chairman

Tue, 07/14/2015 - 6:23pm
Guess has named fashion industry veteran Victor Herrero as CEO of the clothing and accessories company, ending an era of family leadership.
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Fiat Chrysler to decide by summer's end if Jeep Wrangler production will stay in Toledo

Tue, 07/14/2015 - 6:05pm
Fiat Chrysler CEO Sergio Marchionne says he hopes to decide by the end of the summer whether Jeep Wrangler production will remain in Toledo, Ohio.
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Fiat Chrysler wants $150M judgment dismissed in lawsuit over gas tank that led to boy's death

Tue, 07/14/2015 - 6:05pm
A judge will await more details from attorneys before deciding on a motion to dismiss a $150 million judgment that found Fiat Chrysler Automobiles responsible for the faulty placement of a gas tank that led to the death of a 4-year-old boy.
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FAA Official Teixeira Resigns Following FBN Investigation

Tue, 07/14/2015 - 6:04pm
The Federal Aviation Administration's Joseph Teixeira has resigned according to a letter obtained by FOX Business Network. 
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Greek PM: Bailout Deal Must be Implemented, Even if 'One-Way Street'

Tue, 07/14/2015 - 5:51pm
Greek Prime Minister Alexis Tsipras defended the bailout deal struck at Sunday's euro zone summit and ruled out resigning, saying that the "bad deal" was the best available under the circumstances.
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Celgene to Buy Receptos for About $7.2 Billion

Tue, 07/14/2015 - 5:38pm
Celgene Corp. has reached a deal to buy fellow biopharmaceutical company Receptos Inc. for about $7.2 billion, enhancing its portfolio of immune-inflammatory disease treatments with the addition of Ozanimod.
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Celgene will buy multiple sclerosis and ulcerative colitis drug developer Receptos for $7.32B

Tue, 07/14/2015 - 5:30pm
Cancer drug maker Celgene says it will buy drug developer Receptos for $7.32 billion cash, gaining a drug Receptos is studying as a treatment for multiple sclerosis and ulcerative colitis.
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Despite shipment decline, CSX railroad 2Q profit rises 5 percent as fuel costs stay low

Tue, 07/14/2015 - 5:27pm
CSX Corp.'s second-quarter profit improved 5 percent on lower costs, even though the number of shipments the railroad delivered declined slightly.
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Yum Brands says decline in China slowed in 2nd quarter and KFC and Taco Bell revenue rose

Tue, 07/14/2015 - 5:25pm
Yum Brands said Tuesday that revenue at its KFC and Taco Bell chains improved in the second quarter and said its sales struggles in China got a little easier.
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CSX Beats Profit Forecast on Cheaper Fuel, Productivity

Tue, 07/14/2015 - 5:21pm
CSX Corp reported a higher quarterly net profit, beating forecasts as productivity gains and lower fuel prices offset a drop in coal volumes.
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How the Dow Jones industrial average and other major indexes fared on Tuesday

Tue, 07/14/2015 - 5:15pm
Stocks climbed broadly on Tuesday as investors who had been fretting over the Greek debt crisis and plunging Chinese stocks turned their attention back to the U.S. economy and corporate earnings reports.
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Martha's Vineyard town and Indian tribe at odds over proposed gambling hall

Tue, 07/14/2015 - 5:03pm
A casino fight is brewing on bucolic Martha's Vineyard.
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San Francisco measure to curtail Airbnb, short-term home shares qualifies for November ballot

Tue, 07/14/2015 - 4:58pm
A proposal to strictly curtail short-term home rentals in San Francisco has qualified for the Nov. 3 ballot.
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API Data Said To Show U.S. Crude Supply Down 7.3 Million Barrels

Tue, 07/14/2015 - 4:57pm
The American Petroleum Institute late Tuesday reported that crude supplies dropped 7.3 million barrels for the week ended July 10, according to sources.
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Pennsylvania-based Consol Energy eliminating 470 jobs citing depressed commodities prices

Tue, 07/14/2015 - 4:44pm
Consol Energy Inc. is laying off nearly 500 workers from its natural gas and corporate divisions.
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Assembly committee rejects bill to disclose builder settlements after deadly balcony collapse

Tue, 07/14/2015 - 4:42pm
California lawmakers want to take more time considering a proposal crafted in response to a deadly balcony collapse in Berkeley.
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5 questions Federal Reserve Chair Yellen will need to answer when she testifies in Congress

Tue, 07/14/2015 - 4:33pm
Federal Reserve Chair Janet Yellen will deliver the central bank's mid-year economic outlook this week to Congress, where she will face grilling from House and Senate lawmakers.
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