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ABC Business News
Whole Foods Apologizes for Overcharging Customers
Fri, 03 Jul 2015 09:19:25 -0400
The CEOs and founder of Whole Foods are apologizing for overcharging customers and offering free food to people in return.
Why SoBe Is Apologizing for Its Bizarre Bottle Caps
Thu, 02 Jul 2015 13:44:28 -0400
Beverage brand SoBe is apologizing for a joke message on its bottle caps that has caused some alarm among social media users.
What Could Happen If Greece Leaves the European Union
Wed, 01 Jul 2015 17:03:28 -0400
If Greece and its 11 million people left the European Union, it would be an unprecedented move within the euro currency.
Markets Register Dismay With Greek Referendum Results
Sun, 05 Jul 2015 20:44:27 -0400
Markets register dismay, as investors fear fallout from Greek 'no' vote on creditors' demands
Traders Recall the 'Rush' and 'Roar' as Famed Pits Close
Sun, 05 Jul 2015 09:54:36 -0400
As trading pits close, old timers recall the 'roar' from the floor in an age before computers
When It Comes to Protecting Your Data, Some States Just Don't Get It
Sun, 05 Jul 2015 00:03:11 -0400
When we compiled the State Compendium of Unclaimed Property Practices, we discovered that some states provide way too much information.
Job Market's New Normal: Smaller Workforce, Sluggish Pay
Sat, 04 Jul 2015 10:24:38 -0400
Smaller workforce, more part-timers: Job market unlikely to return to former strength
4 Furniture Shopping Gotchas
Sat, 04 Jul 2015 00:19:14 -0400
Buying furniture has always been a perilous, complex affair. Here are four things to watch for as you shop.
World Stocks Drift Lower Ahead of Greek Vote; China Plunges
Fri, 03 Jul 2015 14:31:15 -0400
World stocks drift lower ahead of Greek vote; Chinese stocks plunge as support measures fail
Insurer Merger Mania Paints Muddied Picture for Consumers
Fri, 03 Jul 2015 13:14:20 -0400
Health insurance acquisition spree leaves heaps of uncertainty for consumers
Wine Ice Cream, Maple Water: 5 Foods of the Future?
Fri, 03 Jul 2015 12:30:20 -0400
From wine ice cream to maple water, here are 5 products from big NYC food show
Independence Day? To Some, July 4 Is Barbecued Spareribs Day
Fri, 03 Jul 2015 11:25:25 -0400
Independence Day? To some, July 4 is actually Barbecued Spareribs Day. Or Caesar Salad Day
Job Market's New Normal: Smaller Workforce, Sluggish Pay
Fri, 03 Jul 2015 10:35:25 -0400
Smaller workforce, more part-timers: Job market unlikely to return to former strength
Watch: Retired NYC Firefighter Wins Millions in Lottery Drawing
Sat, 04 Jul 2015 13:24:03 -0400
Carmelo Mercado retired from the department because of 9/11-related health issues. His winning lottery ticket was worth $5 million.
Watch: Whole Foods Apologizes for Overcharging Customers
Thu, 02 Jul 2015 15:45:40 -0400
Co-CEOs Walter Robb and John Mackey responded to an investigation that uncovered New York City stores had overstated the weight of prepackaged goods.
Watch: Real Biz Rundown: The 5 Things You Need to Know in the Week Ahead
Thu, 02 Jul 2015 14:30:29 -0400
Airlines hiking fees, new Greek vodka Rebecca Jarvis reveals what you need to know next week
Watch: Rebecca Jarvis goes Food Truck Tasting #EEEEEATS
Thu, 02 Jul 2015 14:32:42 -0400
Rebecca Jarvis #EEEEEATS with the Infatuation founders
Watch: How to Build Your Company Without Any Money
Thu, 02 Jul 2015 14:33:45 -0400
Lessons from Kiva's Founder
Watch: What to Know Before You Fly This 4th of July to a Restaurant Review Startup for Real People
Thu, 02 Jul 2015 14:42:54 -0400
Rebecca Jarvis reveals what you need to know this week Real Biz style
Watch: Macy's the Latest to Dump Trump
Wed, 01 Jul 2015 12:51:13 -0400
The retailer says it will no longer carry the Donald Trump clothing line because of the 2016 presidential candidate's controversial remarks about Mexican immigrants.
ABC Business News
MSNBC Business News
Why Korean Cars Are Getting Better and Better
Sun, 05 Jul 2015 13:57:07 GMT
The Korean automakers are moving steadily upmarket.
Private Island Owners Fret About Climate Change
Sun, 05 Jul 2015 10:30:01 GMT
Illusionist David Copperfield is a member of one of the world's most-elite clubs: private island owners who are concerned about climate change.
Americans Serve Up Hope to Greece's Hard-Hit Retirees
Sat, 04 Jul 2015 09:13:27 GMT
As the debt crisis bites, a soup kitchen run by a Greek-American is not just serving the city's homeless but also residents facing economic hardship.
Some Greeks Use Bitcoin to Evade Currency Limits
Fri, 03 Jul 2015 18:10:44 GMT
Some Greeks are converting euros into bitcoin to evade currency controls and guard against the prospect that they might be devalued into drachmas.
Chrysler May Face Big Fines for Safety Lapses
Fri, 03 Jul 2015 15:42:31 GMT
Fiat Chrysler Automobiles faces steep fines from the National Highway Traffic Safety Administration for allegedly misleading U.S. regulators.
How to Keep Cool Without Going Broke
Fri, 03 Jul 2015 15:23:01 GMT
Eleven tips for keeping both your room temperature and your air-conditioning bill low.
Summer of Turmoil Likely for Financial Markets
Fri, 03 Jul 2015 15:18:37 GMT
Summer is shaping up to be eventful, with Greece at a crossroads, stocks in China falling and the timing of a U.S. interest rate rise uncertain.
Aetna to Buy Humana for $37 Billion
Fri, 03 Jul 2015 13:50:34 GMT
Health insurer Aetna Inc. said Friday it would buy smaller rival Humana Inc. for about $37 billion in the largest ever deal in the insurance industry.
Donald Trump's Big Mouth Is Chewing a Hole in His Wallet
Fri, 03 Jul 2015 13:08:10 GMT
Donald Trump's anti-immigrant tirade produced a bump in the polls, but public relations and brand strategists say he has tarnished his personal brand.
Timeline: BP Settlement Ends 5-Year Legal Saga
Thu, 02 Jul 2015 23:41:20 GMT
Everything that's happened between the April 20, 2010, rig explosion and Thursday's mammoth settlement.
Independence Day Eats Top $70 per Family
Thu, 02 Jul 2015 21:57:44 GMT
July 4th will generate $6.6 billion in food and retail sales, with the average American family spending $71.23 on food alone, a new survey finds.
Muscle Cars Rule the Road Again
Thu, 02 Jul 2015 17:11:06 GMT
Muscle cars like the Dodge Challenger and Charger Hellcat are squealing out of showrooms faster than the factory can build them.
Google Unit Sorry Over Nazi Death Camps in Phone Game
Thu, 02 Jul 2015 15:05:56 GMT
Google subsidiary Niantic Labs has apologized for making Nazi concentration camps part of a mobile role-playing game.
Trump's Miss USA Pageant Finds New TV Home
Thu, 02 Jul 2015 14:49:52 GMT
Trump declined to comment on the Reelz acquisition.
Widow's Reverse Mortgage 'Nightmare' Not Atypical
Thu, 02 Jul 2015 13:44:42 GMT
Arlene Hill needed a financial lifeline. She thought a reverse mortgage would provide it.
U.S. Added 223K Jobs in June
Thu, 02 Jul 2015 13:21:48 GMT
American companies kicked off the summer with modest growth in hiring, adding 223,000 nonfarm jobs in June, the Labor Department reported Thursday.
Feds Look Into Possible Airline Scheme to Keep Fares High
Thu, 02 Jul 2015 12:01:08 GMT
The Department of Justice is investigating possible collusion among major airlines to limit available seats which keeps airfares high.
Macy's Cuts Ties With Donald Trump Over Mexico Comments
Wed, 01 Jul 2015 23:29:58 GMT
The retailer objected to Trump's controversial comments about Mexico and Mexicans during his presidential campaign announcement.
Google Self-Driving Cars Got Into Two Accidents in June
Wed, 01 Jul 2015 21:10:03 GMT
Google says its self-driving cars were involved in two minor accidents in June, and both were the other driver's fault.
World Cup Ticket Prices Soar as U.S. Makes Final
Wed, 01 Jul 2015 18:59:28 GMT
The U.S. team's 2-0 victory over No. 1 Germany boosted the average secondary ticket price for Sunday's championship in Canada by more than 50 percent.
MSNBC Business News
BBC Business News
Greek voters reject bailout offer
Mon, 06 Jul 2015 00:24:41 GMT
Greek voters overwhelmingly reject the terms of a bailout offered by international creditors.
Banks 'not liable' for vishing fraud
Sun, 05 Jul 2015 23:00:06 GMT
People who are the victims of so-called 'vishing' scams cannot always rely on their bank to compensate them, a study suggests.
Osborne urged to reform tax system
Sun, 05 Jul 2015 09:13:04 GMT
Chancellor George Osborne needs to carry out an "ambitious" tax reform agenda in his Budget on Wednesday, the Institute of Directors (IoD) has said.
Champagne given world heritage title
Sat, 04 Jul 2015 19:24:25 GMT
The industry behind champagne production has been handed world heritage status by the United Nations' cultural arm.
Osborne identifies £12bn welfare cuts
Sun, 05 Jul 2015 14:51:07 GMT
Chancellor George Osborne has identified how £12bn in promised welfare savings will be made, ahead of Wednesday's Budget, he tells the BBC.
Dealers to prop up China shares
Sat, 04 Jul 2015 15:15:08 GMT
Top Chinese brokerages promise to spend at least $20bn on shares to halt the slide in the stock market, which has fallen sharply in recent weeks.
Major disruption to ScotRail trains
Sun, 05 Jul 2015 12:34:12 GMT
About a third of ScotRail's trains are cancelled due to a lack of drivers willing to work on a Sunday.
PM plans to boost home ownership
Sat, 04 Jul 2015 14:04:28 GMT
Prime Minister David Cameron says the Budget will include a package of measures to help people buy their own home and boost house building.
CBI says UK economic growth slows
Fri, 03 Jul 2015 23:03:35 GMT
Surveys for the Confederation of British Industry find that manufacturing, retails and services growth slowed in the second quarter.
Tories to change inheritance tax rule
Sat, 04 Jul 2015 13:40:28 GMT
Chancellor George Osborne is to announce the end of inheritance tax on family homes worth up to £1m in Wednesday's Budget.
Bank guarantee cut 'absurd' says MP
Fri, 03 Jul 2015 15:05:55 GMT
News that millions of bank customers will get £10,000 less compensation if their bank goes bust, is criticized as "absurd" by a senior MP
Shell to start Arctic oil drilling
Fri, 03 Jul 2015 14:15:06 GMT
Oil and gas giant Shell is expected to begin drilling for oil in the Arctic within the next two weeks.
Robots on the march
Thu, 02 Jul 2015 10:51:13 GMT
A range of robots are on display at the Innorobo event in France, including the most advanced domestic robot to go on sale to the public.
Non-stick mayo jars being developed
Wed, 01 Jul 2015 17:43:43 GMT
Norwegian mayonnaise maker Orkla signs a deal to use a non-stick coating in its food products.
VIDEO: Childcare, tax credits and me
Sun, 05 Jul 2015 23:09:37 GMT
What working parents want from the Budget
VIDEO: 'I wrote the business plan and off I went'
Sun, 05 Jul 2015 18:48:33 GMT
The $230m boss who served drinks on David Bowie's yacht
VIDEO: Trillions lost on China stock market
Fri, 03 Jul 2015 21:51:37 GMT
China's Shanghai Composite index has slumped about 30% since mid-June, wiping out most of this year's gains
VIDEO: Building a Spitfire with eBay parts
Fri, 03 Jul 2015 20:00:44 GMT
John Romain explains to BBC News how he and his team spent three years restoring a 1940s Spitfire to flying condition once again.
VIDEO: Running an 'auto part' firm in India
Fri, 03 Jul 2015 15:10:43 GMT
The female entrepreneur who sells auto components to vehicle manufacturers in India.
VIDEO: India's angel investors
Fri, 03 Jul 2015 15:09:34 GMT
With banks in India still reluctant to lend money, start-ups are having to look elsewhere.
BBC Business News
Yahoo Business News
Greeks defy Europe with overwhelming referendum 'No'
Sun, 05 Jul 2015 19:13:25 -0400
A ballot box is emptied by a voting official at the closing of polling stations in AthensThousands of jubilant Greeks waving flags and bursting fire crackers poured into Athens' central square as official figures showed 61 percent of Greeks had rejected a deal that would have imposed more austerity measures on an already ravaged economy. "You made a very brave choice," Prime Minister Alexis Tsipras said in a televised address. "The mandate you gave me is not the mandate of a rupture with Europe, but a mandate to strengthen our negotiating position to seek a viable solution." The surprisingly strong victory by the 'No' camp defied opinion polls that had predicted a tight contest after a week of rising desperation as banks shut and cash machines ran dry.

Euro, stocks slide as Greek 'No' vote heightens euro exit fears
Sun, 05 Jul 2015 20:33:27 -0400
Euro coins are seen in front of a displayed of Head of Apollo on 1.000 Drachma old Greece banknote in this photo illustration taken in ZenicaU.S. equity futures dropped around 1.4 percent while Japan's Nikkei shares fell 1.4 percent and MSCI's broadest index of Asia-Pacific shares outside Japan dropped 0.5 percent. Adding to the anxiety among investors, China's stock market face a make-or-break week after a 30 percent plunge in the last three weeks forced officials to roll out an unprecedented series of steps at the weekend to prevent a full-blown market crash. While early price actions have been choppy, dealers emphasized that markets were orderly with no signs of financial strain and expectations were high that the European Central Bank would step in early with a pledge of extra liquidity.

China rolls out emergency measures to prevent stock market crash
Sun, 05 Jul 2015 10:59:48 -0400
Investors talk in front of an electronic board showing stock information, filled with green figures indicating falling prices, at a brokerage house in NantongBEIJING/SHANGHAI (Reuters) - China's stock markets face a make-or-break week after officials rolled out an unprecedented series of steps at the weekend to prevent a full-blown stock market crash that would threaten the world's second-largest economy. In an extraordinary weekend of policy moves, brokerages and fund managers vowed to buy massive amounts of stocks, helped by China's state-backed margin finance company which in turn would be aided by a direct line of liquidity from the central bank. China has also orchestrated a halt to new share issues, with dozens of firms scrapping their IPO plans in separate but similarly worded statements over the weekend, in a tactic authorities have used before to support markets.

Euro markets set for major jolt after Greek 'No', look to ECB for calm
Sun, 05 Jul 2015 17:16:38 -0400
A one Euro coin with a Greek owl is seen burning in this picture illustration taken in HanauBy Carmel Crimmins and Nigel Stephenson LONDON (Reuters) - European stock and bond markets are set to take a sharp hit on Monday after Greece voted 'No' to harsh bailout conditions, and bankers said the European Central Bank's response was now key to the extent of contagion. Many economists, including those at U.S. banking giant JPMorgan, reckon the outcome of Sunday's referendum will probably hasten Greece's exit from the euro. "Although the situation is fluid, at this point Greek exit from the euro appears more likely than not," JPMorgan's Malcolm Barr told clients on Sunday evening, adding 'Grexit' was now the bank's "base case".

U.S. crude falls after Greek votes no to bailout
Sun, 05 Jul 2015 20:22:55 -0400
A pump jack is seen at sunrise near BakersfieldTOKYO (Reuters) - Oil prices slumped in early Asian trade on Monday after Greeks rejected conditions of a rescue package from creditors on Sunday, throwing the future of the country's euro zone membership into further doubt. U.S. crude fell 71 cents to $54.81 at 0828 Tokyo time. Brent was down more than 1 percent at $59.60. (This version of the story corrects U.S. crude falling 71 cents, not more than $2.) (Reporting by Aaron Sheldrick; Editing by Michael Perry)

China state media see a 'rainbow' after latest steps to stabilize slumping stocks
Sun, 05 Jul 2015 20:42:11 -0400
A woman is reflected on an electronic board showing stock information at a brokerage house in ShanghaiChina's state media expressed confidence on Monday that an unprecedented flurry of support measures announced over the weekend would stabilize the country's slumping stock market. "Rainbows always appear after rains," said an editorial by the People's Daily, the mouthpiece of the ruling Communist Party of China. "(China has) the conditions, ability and confidence in maintaining capital market stability," the newspaper said.

Japan policymakers pledge to temper potential market volatility after Greek upset
Sun, 05 Jul 2015 20:04:45 -0400
BOJ Governor Kuroda gestures during news conference at BOJ headquarters in TokyoBy Leika Kihara and Stanley White TOKYO (Reuters) - Japanese policymakers on Monday pledged to work closely to guard against financial market volatility after Greek voters rejected euro zone austerity measures. "The direct economic and financial relations between Japan and Greece are limited. Finance Minister Taro Aso also said that while Japan was in close contact with overseas policymakers on the Greek referendum, it was confident that Europeans have sufficient safeguards in place to respond to market disruptions.

Zeroing in on empty homes, China throws developers a lifeline
Sun, 05 Jul 2015 17:07:39 -0400
Apartment blocks and office buildings are pictured in BeijingDismayed by the millions of unsold homes in China's troubled real estate market, the Chinese government is taking matters into its own hands: by buying some properties and turning them into public housing.    Like a white knight riding to the rescue of distressed developers, a handful of local governments are snapping up thousands of empty homes at hefty discounts and re-selling them to the country's poorest households.     This cannot be a cure-all for China's huge supply overhang. Low-income households gain from a bigger supply of subsidized homes, the government boosts its poverty alleviation work, developers deplete an oversupply of houses that has dampened prices, and crucially, China's cooling economy gets a fillip from a healthier property market.

Britain's banks call on government to phase out industry levy
Sun, 05 Jul 2015 19:22:01 -0400
The Canary Wharf financial district is seen at dusk in east LondonBritain's banks have called upon the government to phase out the bank levy, saying it is damaging the competitiveness of the industry and causing them to lose business to overseas rivals. The levy was initially introduced in 2011 not only to raise money but also to discourage banks from risky borrowing, replacing a previous one-off tax on bankers' bonuses by the Labour government following the 2007-9 financial crisis. Its emphasis has changed to focus on generating revenue with Britain's finance minister George Osborne saying in March banks needed to make a greater contribution to repair the country's finances.

Chipotle shares could plunge unless growth revives: Barron's
Sun, 05 Jul 2015 16:01:58 -0400
The sign for Chipotle Mexican Grill's restaurant is seen in Westminster, ColoradoShares of Chipotle Mexican Grill Inc have lost some of their luster recently and unless growth revives at the company, the stock could see a 15 percent to 20 percent plunge, the July 6 edition of Barron's said. Chipotle's stock could drop below $500 a share after the burrito chain reported revenue slightly below expectations in April and said the removal of pork from one-third of its restaurants would hurt sales this year, Barron's said. Rising food costs, along with rising healthcare and other costs, are crimping Chipotle, it said.

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