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: 19 min 23 sec ago

General Motors' Stock Falls After Canada Agrees To Sell Its Stake

Tue, 04/07/2015 - 8:42am
General Motors Co.'s stock dropped 1.9% in premarket trade Tuesday, after the Canadian government announced late Monday an agreement to sell its 73.4 million stake in the auto maker.
Categories: FOX News

Berkshire Hathaway to Buy Stake in Axalta Coating

Tue, 04/07/2015 - 8:30am
Warren Buffett's Berkshire Hathaway Inc. has agreed to buy an 8.7% stake in paint maker Axalta Coating Systems Ltd. from private-equity firm Carlyle Group LP.
Categories: FOX News

BlackRock's Fink Worries About Rising Dollar's Impact

Tue, 04/07/2015 - 8:19am
The rising value of the dollar is hurting American businesses and could ultimately result in a slowdown in future U.S. growth, BlackRock (NYSE:BLK) chief executive officer Larry Fink warned in a letter scheduled to go out to shareholders next week.
Categories: FOX News

Informatica going private in $5.3 billion sale to private equity funds

Tue, 04/07/2015 - 8:15am
Informatica Corp. is being acquired by private equity firms Permira funds and Canada Pension Plan Investment Board for about $5.3 billion.
Categories: FOX News

Starbucks Expands College Tuition Benefit for Workers

Tue, 04/07/2015 - 8:05am
Starbucks Corp is expanding its employee college tuition assistance program to cover the entire cost of getting an online bachelor's degree, the chief executive of the coffee chain said on Monday.
Categories: FOX News

Informatica's Stock Rallies After $5.3 Billion Buyout Deal

Tue, 04/07/2015 - 8:03am
Shares of Informatica Corp. ran up 5.2% in premarket trade Tuesday, after the California-based data integration software company agreed to be bought out by a company controlled by the Perfirma funds and Canada Pension Plan Investment Board in a cash deal valued at $5.3 billion.
Categories: FOX News

IMF Willing to Show Flexibility on Greek Reform Proposals: Greek Finance Minister

Tue, 04/07/2015 - 7:54am
The International Monetary Fund is willing to be "flexible" with the package of reforms Greece has proposed to its creditors before further bailout funds are disbursed, the Greek finance ministry said on Tuesday.
Categories: FOX News

American Express's Stock Slips After Oppenheimer Downgrade

Tue, 04/07/2015 - 7:54am
American Express Co.'s stock slipped 0.7% in premarket trade Tuesday, after the charge card and travel services company was downgraded at Oppenheimer, which cited concerns that intensifying competition will hurt future profitability.
Categories: FOX News

FedEx to Buy TNT to Expand Europe Deliveries

Tue, 04/07/2015 - 7:34am
FedEx is looking to buy Dutch package-delivery firm TNT Express for an agreed upon $4.8 billion with a goal to succeed in areas where UPS failed two years ago when its bid was blocked by competition regulators.
Categories: FOX News

Axalta Coating's Stock Jumps After Berkshire Hathaway Takes Stake

Tue, 04/07/2015 - 7:27am
Shares of Axalta Coating Systems surged 5.9% in premarket trade Tuesday, after the company said it reached agreement with The Carlyle Group to sell 20 million shares of Axalta's stock to Warren Buffett's Berkshire Hathaway for $560 million.
Categories: FOX News

Oil Prices Fall as Iran, China Discuss Supplies

Tue, 04/07/2015 - 7:16am
U.S. crude oil prices edged lower on Tuesday pressured by Goldman Sachs, which said prices need to remain low for months in order to achieve a slowdown in U.S. output growth, and an Iranian delegation in Bejing this week to push for more oil sales.
Categories: FOX News

Enrollment In Private Health Insurance Exchanges Doubled In 2015: Accenture

Tue, 04/07/2015 - 7:12am
Six million Americans enrolled in private health insurance programs for their 2015 employer benefits, doubling from the three million counted in 2014, according to a new study by consulting firm Accenture.
Categories: FOX News

Windsor officials tell state, tribal officials that casino expansion unwelcome in their town

Tue, 04/07/2015 - 6:25am
Windsor officials say expansion of casino gambling in Connecticut is unwelcome in their town.
Categories: FOX News

As clock ticks, Tokyo turns focus to delivering 'sustainable' 2020 Olympic Games

Tue, 04/07/2015 - 5:59am
Organizers of the 2020 Tokyo Olympics have promised the most innovative, impeccably run and "sustainable" Games ever.
Categories: FOX News

United Technologies wins appeal of government accusation it was overcharged for jet engines

Tue, 04/07/2015 - 5:54am
United Technologies Corp. has won its appeal of government claims it was overcharged for Pratt & Whitney jet engines.
Categories: FOX News

Australian judge orders names and addresses of 4,700 alleged Internet pirates be released

Tue, 04/07/2015 - 4:20am
Internet providers have lost an Australian court battle to keep secret the names of Internet users suspected of illegally downloading Hollywood movie "Dallas Buyers Club" over file-sharing networks.
Categories: FOX News

Vivendi confirms offer for French video sharing website Dailymotion

Tue, 04/07/2015 - 3:57am
French media conglomerate Vivendi has confirmed an offer to Orange, the former France Telecom, for the online video sharing platform Dailymotion.
Categories: FOX News

YouTube Kids app uses deceptive advertising, says consumer groups who urge FTC investigation

Tue, 04/07/2015 - 3:30am
The new YouTube Kids mobile app targets young children with unfair and deceptive advertising and should be investigated, a group of consumer advocates told the Federal Trade Commission in a letter Tuesday.
Categories: FOX News

US safety board says oil train tank cars need urgent upgrades to protect against fires

Tue, 04/07/2015 - 3:10am
Fuel-hauling tank cars need retrofits to prevent more explosive train wrecks — and the public can't wait another decade for the improvements as has been suggested by industry, U.S. safety officials said.
Categories: FOX News

NY footwear company to restore 100 jobs outsourced to China, will get $1.75M from state

Tue, 04/07/2015 - 3:02am
A footwear maker that has outsourced work to China says it will restore 100 jobs at its western New York factory with the help of $1.75 million in state tax credits.
Categories: FOX News