FOX News: Business

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Updated: 17 min 55 sec ago

Owner of Columbia House music and movie club files for bankruptcy after years of falling sales

Mon, 08/10/2015 - 3:43pm
The company that once offered to sell you eight CDs for 1 cent has filed for Chapter 11 bankruptcy protection after almost 20 years of falling sales.
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Shake Shack's Stock Drops In Active Trade Ahead Of Earnings Report

Mon, 08/10/2015 - 3:42pm
Shake Shack Inc.'s stock slumped 3.1% in afternoon trade Monday, ahead of the burger chain's fiscal second-quarter results after the close.
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Berkshire Hathaway adds to its industrial heft with $32B Precision Castparts acquisition

Mon, 08/10/2015 - 3:34pm
The heart of Warren Buffett's Berkshire Hathaway lies in insurance and finance, but a string of massive industrial deals have shifted the balance of the conglomerate's holdings toward industrial and manufacturing firms.
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Nurses' union gives presidential hopeful Bernie Sanders his first major labor endorsement

Mon, 08/10/2015 - 3:17pm
Vermont Sen. Bernie Sanders has picked up his first major labor endorsement from the nation's largest organization of nurses.
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1st Iowa turkey farm owner to resume production talks lessons learned from bird flu outbreak

Mon, 08/10/2015 - 2:59pm
Thousands of young turkeys are running around barns on a farm that was the first in Iowa to restock after a bird flu outbreak devastated Midwest flocks.
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Tech Tips: Verizon ditches 2-year phone contracts, but keeping it might be better in short run

Mon, 08/10/2015 - 2:47pm
Verizon is doing the unthinkable: Starting Thursday, the nation's largest wireless company will eliminate two-year service contracts, along with the practice of offering discounted phones at prices of $100 or $200.
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China Reads Emails Of Top U.S. Officials: Report

Mon, 08/10/2015 - 1:00pm
China's spies have been and continue to read the private emails of many top Obama administration officials, according to NBC News.
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New BP Gulf of Mexico Controversy

Mon, 08/10/2015 - 12:35pm
Oil giant BP must fully disclose the details about its $18.7 billion out-of-court settlement with the Department of Justice over the BP Deepwater Horizon oil spill, which killed 11 workers and spilled millions of barrels of oil into the Gulf of Mexico that killed 14 workers in 2010.
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Fed's Lockhart: Economy Can Handle Gradually Higher Interest Rates

Mon, 08/10/2015 - 12:25pm
The economy is healing and more resilient than even a few months ago and can now handle gradually rising interest rates, said Dennis Lockhart, the president of the Atlanta Fed, on Monday.
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Japan set to restart nuclear reactor, first since Fukushima crisis

Mon, 08/10/2015 - 11:39am
A power plant operator said it will restart a reactor in southern Japan on Tuesday, the first restart under new safety requirements following the Fukushima disaster and a milestone for the nation's return to nuclear power.
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Shire CEO Steps Up Drive for Baxalta

Mon, 08/10/2015 - 11:28am
Shire Chief Executive Flemming Ornskov is stepping up his campaign to get Baxalta to the negotiating table as he pushes the benefits a $30 billion takeover offer to the U.S. biotech company's shareholders.
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Ralph Nader: Trump Is a Nightmare for the Republican Party

Mon, 08/10/2015 - 10:58am
Four-time presidential candidate Ralph Nader is “delighted” with Donald Trump’s refusal to rule out an independent run for the presidency.
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Farmers in Italy test methane-run tractor prototype that could eliminate need to buy fuel

Mon, 08/10/2015 - 10:56am
Luca Remmert's dream of running a self-sustainable farm is within sight.
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Grain mixed on the CBOT, beef and pork mixed on the CME

Mon, 08/10/2015 - 10:44am
Grain futures were higher in early trading Thursday on the Chicago Board of Trade.
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US stocks climb in early trading; Precision Castparts jumps on Buffett's $32 billion bid

Mon, 08/10/2015 - 10:09am
U.S. stocks opened higher Monday as investors assessed the latest corporate deal news.
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Sysco Profit Drops, Hurt by US Foods-Related Costs

Mon, 08/10/2015 - 9:45am
Sysco Corp. said profit in its latest quarter fell, as the company booked charges stemming from its abandoned plan to acquire rival US Foods Inc. Adjusted earnings topped analysts' expectations.
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Gold Up as Fading Momentum Dissapoints Bears

Mon, 08/10/2015 - 9:15am
Gold extended a recovery from recent lows on Monday as its resilience below $1,100 disappointed those expecting a deeper decline, but expectations that U.S. interest rates could rise as early as September kept up pressure on prices.
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Fed's Fischer: Labor Market Nearly at Full Employment, Inflation 'Very Low'

Mon, 08/10/2015 - 8:36am
The No. 2 official at the central bank said on Monday though the U.S. labor market is nearly back to full health, inflation in the nation remains weak as price growth undershooting the 2% inflation target for more than three years.
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Greece Seeks to Seal New Bailout with Lenders

Mon, 08/10/2015 - 8:31am
Greece and international creditors sought to put final touches on a multi-billion euro bailout accord on Monday to keep the country financially afloat and meet an important debt repayment to the European Central Bank within days.
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Diet Pepsi gets rid of aspartame in hopes of winning back customers

Mon, 08/10/2015 - 8:20am
A revamped Diet Pepsi without aspartame is popping up on store shelves.
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