FOX News: Business

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Updated: 25 min 27 sec ago

Judge rules that Mamtek CEO committed fraud to obtain almost $1.3M from bond funds

Tue, 08/19/2014 - 8:49am
A federal judge has ruled that former Mamtek CEO Bruce Cole committed fraud to obtain almost $1.3 million from bond funds that were to be used to build an artificial sweetener plant in Moberly.
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TJX Shares Climb After Company Tops Profit, Sales Estimates

Tue, 08/19/2014 - 8:43am
TJX Cos. shares rose almost 4% in premarket trade Tuesday, after the discount retailer beat profit and sales estimates and raised its outlook for fiscal 2015.
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SanDisk Introduces New Hard Drive For The Mainstream

Tue, 08/19/2014 - 8:40am
SanDisk on Tuesday unveiled a new lower-cost hard drive designed for mainstream users.
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US home construction jumps 15.7 percent in July to 1.09 million rate, fastest pace in 8 months

Tue, 08/19/2014 - 8:36am
U.S. home construction rebounded in July, rising to the fastest pace in eight months and offering hope that housing has regained momentum after two months of declines.
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Construction Boom? Housing Starts, Permits Soar in July

Tue, 08/19/2014 - 8:36am
A duo of closely-watched metrics on new-home construction surged in July, widely surpassing estimates, as the housing market extends its recovery. 
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Consumer Prices Tick Higher in July

Tue, 08/19/2014 - 8:29am
Consumer prices barely budged as declining energy prices helped offset food, rents prices, adding ammo for the Fed to keep rates low.
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Dick's second-quarter profit falls 17 percent, tops estimate

Tue, 08/19/2014 - 8:23am
Dick's Sporting Goods Inc. (DKS) on Tuesday reported net income that declined by 17 percent in its fiscal second quarter, and beat analysts' expectations.
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Egypt picks Saudi consultancy to draft plan to transform Suez Canal into trade hub

Tue, 08/19/2014 - 8:21am
Egypt has selected a Saudi consultancy to draw up the plan for the government's mega project to transform the Suez Canal waterway into a hub of international investment and free trade zones.
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Dick's Profit Sinks on Higher Costs, Restructuring Charge

Tue, 08/19/2014 - 8:14am
Dick's Sporting Goods Inc. said its fiscal second-quarter profit slid 17% as higher revenue was offset by increased expenses and a restructuring charge.
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Samsung buys U.S. air conditioner firm Quietside in 'smart home' push

Tue, 08/19/2014 - 8:09am
Samsung Electronics Co Ltd said on Tuesday it had acquired U.S. air conditioner distributor Quietside LLC as part of its push to strengthen its "smart home" business.
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Medtronic first-quarter profit tops expectations

Tue, 08/19/2014 - 7:58am
Medtronic Inc on Tuesday reported first-quarter earnings that exceeded analyst expectations on stronger U.S. sales of its medical devices.
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BHP unveils spin-off but disappoints with no buyback

Tue, 08/19/2014 - 7:53am
The top global miner will spin off a roughly $16 billion company to shareholders, offloading assets it acquired in its 2001 merger, to focus on its strongest unit.
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Strong spring sales help Home Depot beat estimates

Tue, 08/19/2014 - 7:47am
The world's largest home improvement chain posted better-than-expected same-store sales as customers spent more time on home repairs.
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Dick's Sporting Goods Shares Rally Premarket After Profit Exceeds Forecasts

Tue, 08/19/2014 - 7:46am
Shares of Dick's Sporting Goods ran up 6.2% in premarket trade Tuesday after the sporting goods retailer reported better-than-expected fiscal-second quarter profit.
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The kale craze creeps into beauty products in face masks, creams and nail polish

Tue, 08/19/2014 - 7:42am
Kale has crept out of salads and juicers into beauty products from niche and mainstream sellers.
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U.S. Stocks: Futures Up With CPI, Housing Starts Ahead

Tue, 08/19/2014 - 7:40am
Equity futures were higher as investors awaited data expected to show slowing inflation and faster home building.
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KPS Capital to sell Wisconsin-based foundry to Hitachi Metals for $1.3 billion in cash

Tue, 08/19/2014 - 7:38am
Private equity firm KPS Capital Partners plans to sell automotive industry supplier Waupaca Foundry Inc. to Japan's Hitachi Metals Ltd. for $1.3 billion in cash.
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Elizabeth Arden Shares Fall 8% As Profit, Sales Fall Short Of Estimates

Tue, 08/19/2014 - 7:34am
Elizabeth Arden Inc. shares slumped more than 8% in premarket trade Tuesday, after the cosmetics company reported weaker-than-expected profit and sales for its fiscal fourth quarter, and warned of more headwinds in fiscal 2015.
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Medtronic Profit Exceeds Expectations

Tue, 08/19/2014 - 7:29am
Medtronic Inc. reported early Tuesday fiscal first-quarter profit of $871 million, or 87 cents a share, down from $953 million, or 93 cents a share in the year-earlier period.
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Brita recalling children's water filter bottles due to potential laceration hazard

Tue, 08/19/2014 - 7:22am
Brita is recalling approximately 242,500 children's water filter bottles due to a possible laceration hazard.
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