FOX News: Business

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Updated: 22 min 16 sec ago

Buffett's Berkshire Hathaway reveals stake in Charter Communications, tweaks several holdings

Thu, 08/14/2014 - 5:06pm
Billionaire Warren Buffett's company has revealed a new stake in Charter Communications and made several other tweaks to its $108 billion U.S. stock portfolio.
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Chiquita rejects $611 million takeover offer, will focus on combining with Fyffes of Ireland

Thu, 08/14/2014 - 5:05pm
Banana distributor Chiquita Brands says it is rejecting the $611 million buyout offer from investment firm Safra Group and the Brazilian agribusiness and juice company Cutrale Group.
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Monster Beverage Shares Soar On Coke's $2.15 Billion Stake

Thu, 08/14/2014 - 5:02pm
Shares of Monster Beverage soared 21% in after-hours trade Thursday after the energy drink maker said Coca-Cola will acquire a 17% ownership stake in the company as part of a new long-term partnership agreement.
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How the Dow Jones industrial average and other major indexes fared on Thursday

Thu, 08/14/2014 - 4:37pm
Better corporate earnings helped nudge the stock market higher on Thursday in one of the quietest sessions this year.
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California regulators approve $24.5M penalty against Edison for 2011 outages, electrocutions

Thu, 08/14/2014 - 4:34pm
State regulators voted Thursday to penalize Southern California Edison $24.5 million for safety violations uncovered after a 2011 windstorm left 440,000 customers without lights and a power line failure electrocuted three family members.
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Stores Have Solid Start to Back-to-School Season

Thu, 08/14/2014 - 4:33pm
The back-to-school shopping season is off to a promising start, but retailers may be sacrificing profit for sales.
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Rhode Island unemployment rate falls to 7.7 percent in July, down .2 percentage points

Thu, 08/14/2014 - 4:33pm
Rhode Island's unemployment rate fell slightly to 7.7 percent in July, down two-tenths of a percentage point from June, when it was tied with Mississippi as having the highest unemployment rate in the nation, according to new numbers released by the state Department of Labor and Training on Thursday.
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Brent Sheds $2; Oil ETF Shares Slide

Thu, 08/14/2014 - 4:30pm
Crude oil prices fell more than $2 a barrel on both sides of the Atlantic on Thursday, sunk by weak economic data hinting at softening oil demand and by ample supplies.
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Applied Materials Revenue Rises 14.7%

Thu, 08/14/2014 - 4:26pm
Chip-equipment maker Applied Materials reported a 14.7 percent rise in quarterly revenue as contract chip manufacturers spend more on technology used to make smartphone and memory chips.
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Worries are rising about whether lower liquidity in bond markets will accelerate future losses

Thu, 08/14/2014 - 4:25pm
If bonds start to tumble, should I sell my bond mutual fund? It's a question investors are asking as expectations rise for a more volatile bond market.
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JC Penney posts narrower 2Q loss, higher sales

Thu, 08/14/2014 - 4:21pm
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JC Penney Posts Narrower 2Q Loss, Sales Rise

Thu, 08/14/2014 - 4:20pm
The beleaguered department store reported a narrower loss for its second quarter that beat Wall Street expectations. Sales were also up.
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The US stock market closes higher following better earnings, corporate news

Thu, 08/14/2014 - 4:11pm
The U.S. stock market is closing slightly higher following some strong corporate earnings.
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Wall Street Climbs on Earnings News

Thu, 08/14/2014 - 3:59pm
Developing: Rising corporate earnings helped push the U.S. stock market higher Thursday. And Berkshire Hathaway crossed another milestone, trading above $200,000 a share for the first time.
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NY Fed: U.S. Auto Loans Highest in 8 Years

Thu, 08/14/2014 - 3:54pm
U.S. auto loans jumped to the highest level in eight years this spring, fueled by a big increase in lending to risky borrowers, according to a report Thursday by the Federal Reserve Bank of New York.
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Florida man sentenced to 5 years in Pittsburgh in federal overseas loan scam case

Thu, 08/14/2014 - 3:50pm
A Florida man was sentenced Thursday to five years in federal prison for his role in an overseas loan scam that cost 47 investors on four continents more than $3.9 million.
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GE in Talks to Sell Historic Appliance Division

Thu, 08/14/2014 - 3:49pm
General Electric confirmed that it is considering the sale of its historic appliance division, part of its effort to focus on selling more complex and profitable industrial equipment.
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Wheat, oats, corn and soybeans rose on the CBOT; beef mixed and pork lower on the CME.

Thu, 08/14/2014 - 3:48pm
Grain futures were higher on the Chicago Board of Trade.
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Ex-Georgia peanut plant manager says he lied to FDA investigators during salmonella outbreak

Thu, 08/14/2014 - 3:45pm
A former manager of a south Georgia peanut processing plant blamed for a deadly salmonella outbreak lied to federal investigators to protect the company he worked for but decided to come clean after realizing how many people had been sickened, he testified Thursday.
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California home sales sluggish as buyers struggle to find affordable options

Thu, 08/14/2014 - 3:17pm
California home sales declined in July compared to the same time last year as buyers struggled to find something they could afford in the tight market, a research firm said Thursday.
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