FOX News: Business

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Updated: 5 min 23 sec ago

PwC Gets Sued for $1B over MF Global Collapse

Fri, 03/28/2014 - 3:27pm
The auditor is being accused of professional malpractice in connection with the brokerage's investment in European sovereign debt.
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Bitcoin and the Road to Obsolesce

Fri, 03/28/2014 - 3:24pm
Napoleon Bonaparte once quipped that fame and glory is fleeting but obscurity is forever.
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Bridge Overseer Hired By Gov. Christie Resigns

Fri, 03/28/2014 - 2:59pm
A prominent figure in the bridge scandal that rocked the administration of New Jersey Gov. Chris Christie resigned from his post.
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LDK Solar Reaches Bond Restructuring Deal

Fri, 03/28/2014 - 2:49pm
Chinese solar-panel manufacturer LDK Solar Co. said Friday 60% of its bondholders have agreed with a restructuring plan.
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Oil Gains 0.4% On Day, Up 2.2% On Week

Fri, 03/28/2014 - 2:37pm
Oil futures settled higher on Friday, ending the week with a gain of 2.2% as some upbeat U.S economic data buoyed prospects for energy demand.
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BMW Takes on the Luxury Electric Car Market

Fri, 03/28/2014 - 2:29pm
The high-end U.S. electric car market will soon have another big competitor.
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Access to Tesla cars only a password away, researcher says

Fri, 03/28/2014 - 2:06pm
Tesla Motors Inc's electric vehicles can be located and unlocked by criminals remotely simply by cracking a six-character password using traditional hacking techniques, according to newly released research.
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White House Lays Out Plan To Cut Methane Emmission

Fri, 03/28/2014 - 12:41pm
The White House on Friday announced a new strategy to reduce methane emmissions aimed at landfills, coal mines, the energy sector and the farm industry.
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China Oil Demand Up 3.1% In February: Platts

Fri, 03/28/2014 - 12:40pm
China's apparent oil demand climbed by 3.1% to average 10.62 million barrels per day in February compared to a year earlier, according to a Platts analysis of Chinese government data released Friday.
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GM Halts Sales of Some Chevy Cruze Models

Fri, 03/28/2014 - 12:32pm
GM halted sales of certain 2013-14 Chevrolet Cruze compact cars for an unspecified reason, potentially adding to the automaker’s safety woes.
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Mannkind Shares Dip After FDA Group Raises Afrezza Concerns

Fri, 03/28/2014 - 12:06pm
Shares of Mannkind slumped 1% on Friday in choppy trade after a report from FDA staff raised some questions about its diabetes device Afrezza. 
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U.S. Wants At Least $1 Billion From Drugmakers Who Delay Generics

Fri, 03/28/2014 - 11:56am
The U.S. Federal Trade Commission seeks a settlement of $1 billion or more from pharmaceutical companies it has sued for delaying the sale of cheaper medicines after patents on brand-name drugs may have expired, an FTC official told a legal conference on Friday.
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Alcoa To Cut Capacity At Two Aluminum Smelters In Brazil

Fri, 03/28/2014 - 10:40am
Alcoa plans to cut 147,000 tons of capacity at two aluminum smelters in Brazil as increased costs have made the plants uncompetitive.
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Toyota Recalls 124,050 Avalon Sedans For Airbag Issue

Fri, 03/28/2014 - 10:39am
Toyota Motor Corp said it was recalling about 124,050 Avalon large sedans globally, with most in the United States, to fix an electrical issue that may cause the front airbags to inadvertently deploy.
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Tesla to Protect Car Batteries with Titanium Shields

Fri, 03/28/2014 - 10:34am
Responding to several fires involving the Model S, Tesla is adding a titanium shield to protect the vehicle’s underbody and prevent objects from puncturing the battery.
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Shares Of 2U Slip In IPO

Fri, 03/28/2014 - 10:29am
Shares of 2U Inc. fell Friday as the company began trading on Nasdaq Global Market.
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Aerohive Networks Off 9% On NYSE Debut

Fri, 03/28/2014 - 10:25am
Shares of Aerohive Networks Inc. on Friday fell 9.2% from its initial public offering price.
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CBS Outdoor Climbs 7% In NYSE Trading Debut

Fri, 03/28/2014 - 10:11am
Shares in CBS Outdoor Americas Inc. jumped 7% intraday Friday in their first day of trading on the New York Stock Exchange.
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Consumer Sentiment Ticks Higher in Late March

Fri, 03/28/2014 - 9:59am
According to a closely-watched report, consumer sentiment rose in late March from an earlier reading in the month, but fell from February's final figure.

Spring Forward? Consumer Spending, Personal Income Higher in February

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Consumer Sentiment Declines In March: Report

Fri, 03/28/2014 - 9:58am
Consumer sentiment declined to a final March reading of 80 -- the lowest level since November -- from a final February level of 81.6, according to a Friday report on a gauge from the University of Michigan and Thomson Reuters.
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