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Updated: 23 min 13 sec ago

Consumer Inflation Posts Biggest Drop In Six Years

Fri, 01/16/2015 - 9:30am
U.S. consumer prices fell 0.4% in December, the largest drop since the end of 2008, hit by tumbling prices for gasoline and other types of energy, according to government data released Friday.
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IRS May Have To Conduct Temporary Shutdowns, Report Says

Fri, 01/16/2015 - 9:29am
The Internal Revenue Service is considering a temporary shutdown due to budget cuts, IRS Commissioner John Koskinen said, according to a report in Politico.
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Netflix's Stock Rises After Cowen Raises Rating, Price Target

Fri, 01/16/2015 - 9:29am
Shares of Netflix Inc. rose 1% in premarket trade Friday, after Cowen upgraded the video streaming service, citing strong user survey results, increasing original content and attractive valuation.
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Changes at the top for Buffalo-based MLB, NFL cap maker; CEO Koch taking on president duties

Fri, 01/16/2015 - 9:17am
New Era Cap CEO Christopher Koch (kohk) will take on the role of president of the Buffalo-based company that makes the official on-field caps for Major League Baseball.
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Penn Highlands Clearfield in central Pennsylvania cutting 30 jobs, eliminating ICU citing cost

Fri, 01/16/2015 - 9:17am
A central Pennsylvania hospital is cutting 30 jobs, not filling 11 others and reducing hours for 50 other workers.
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Home Depot Names CEO Craig Menear Chairman

Fri, 01/16/2015 - 9:06am
Home Depot Inc. said Friday that Chief Executive Craig Menear will become chairman effective Feb. 2. Menear will replace Frank Blake, who is retiring.
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Swiss-Franc Move Crushes Currency Brokers

Fri, 01/16/2015 - 8:52am
Brokers around the world are crumbling in the wake of the Swiss National Bank's shock decision to remove the cap on its currency.
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Gain Capital, Interactive Brokers Shares Slump After Swiss Move

Fri, 01/16/2015 - 8:49am
Gain Capital shares tumbled x% in premarket trade Friday, even after the trading technology company said it did not expect any material adverse financial impact from the volatility in the Swiss franc.
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Goldman Profit Hit by Weaker Bond Trading, Investment Banking

Fri, 01/16/2015 - 8:39am
Goldman Sachs reported a drop in quarterly profit as investment banking revenue slid and an unexpected bout of market volatility in December hit revenue in its business that trades bonds, currencies and commodities.
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Oil Up $2 as IEA Sees Signs 'Tide Will Turn'

Fri, 01/16/2015 - 8:36am
Brent crude oil rose more than $2 to around $50 a barrel on Friday after the West's energy watchdog forecast the market sell-off would end, although analysts said a strong rebound soon was unlikely as global output continued to outweigh demand.
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Futures Fall, Wall Street Set to Post Weekly Decline

Fri, 01/16/2015 - 8:25am
U.S. stock index futures edged lower on Friday, following five straight days of losses for major indexes, setting Wall Street up for its fourth negative week out of the past six.
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Wet Seal's Stock Craters After Bankruptcy Filing

Fri, 01/16/2015 - 8:09am
Shares of Wet Seal tumbled 35% in premarket trade Friday, after the teen apparel retailer voluntarily filed for Chapter 11 bankruptcy protection.
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Former Beech-Nut factory along Thruway being demolished; baby food plant was local landmark

Fri, 01/16/2015 - 8:03am
A familiar industrial landmark for Thruway motorists in the Mohawk Valley is slowly disappearing as crews demolish a century-old baby food factory.
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Goldman Sachs fourth-quarter profit falls 10 percent

Fri, 01/16/2015 - 8:01am
Wall Street investment bank Goldman Sachs reported a 10 percent drop in fourth-quarter earnings Friday, hurt by a fall in trading activity.
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Wynn touts economic benefits of proposed Everett casino, gently chides opponents

Fri, 01/16/2015 - 7:16am
Las Vegas casino mogul Steve Wynn told a gathering of more than 2,000 Boston-area real estate developers and other professionals he is confident his planned casino in Everett will became a major economic engine for the region.
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Long Island residents voice opposition to proposed casino-style gambling parlor

Fri, 01/16/2015 - 6:47am
About one thousand Long Islanders packed a meeting to oppose a plan to build a casino-style gambling parlor in Westbury.
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Federal nuclear regulators cite Millstone for 'very low' safety issues related to water pump

Fri, 01/16/2015 - 6:47am
The Nuclear Regulatory Commission says a special inspection of a backup pump at the Millstone Power Station has raised two findings it characterizes as of "very low safety significance." The backup pump is used to help cool the reactor after a shutdown.
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US consumer prices likely fell in December, pushed down by steep plunge in energy costs

Fri, 01/16/2015 - 6:32am
The Labor Department reports on consumer prices for December.
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US factory output likely rose last month, despite higher dollar, global slowdown

Fri, 01/16/2015 - 6:32am
The Federal Reserve reports on industrial production for December.
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Swiss Move Forces London FX Broker Alpari Into Insolvency

Fri, 01/16/2015 - 6:25am
Moves on the Swiss franc have forced online currency trader Alpari (UK) into insolvency, the London-based broker said Friday.
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