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MSNBC Business News
Wall Street Hits Record Highs on Tech Earnings
Fri, 29 Jul 2016 19:40:34 GMT
Wall Street rose on Friday, with the S&P 500 index hitting a record intraday high as gains in technology more than made up for losses in energy shares.
Taco Bell Testing Out 'Cheetos Burrito'
Fri, 29 Jul 2016 20:08:00 GMT
It's the second Cheetos fast-food mashup of the summer and it's headed straight to Cincinnati.
Tax Free Holidays Are Coming! What You Need to Know
Fri, 29 Jul 2016 19:46:00 GMT
Over the next couple weeks, 17 states will be partaking in tax-free holidays. But there are quite a few caveats, and every state is different.
Are You Smarter Than an American (About Money)?
Fri, 29 Jul 2016 14:59:00 GMT
This quiz won't match your personality with a Pokemon, but it will show if you know more about money than most Americans.
Who's Powering U.S. Economic Growth? Consumers.
Fri, 29 Jul 2016 10:45:00 GMT
The U.S. economy grew by only 1.2 percent in the second quarter, despite robust consumer spending .
Restaurant Fires Two Workers Who Refused to Serve Va. Cop
Thu, 28 Jul 2016 21:40:49 GMT
"Discrimination of any kind is never tolerated at Noodles & Company," the company said in a statement.
Home Ownership at Its Lowest Level Since 1965
Thu, 28 Jul 2016 20:09:00 GMT
After rising just over a decade ago to its highest level ever, the nation's home ownership rate fell to its all-time low — and could drop even further.
Chipotle to Open Its First Burger Restaurant
Thu, 28 Jul 2016 17:58:00 GMT
After months of speculation and a not-so-secret trademark application, Chipotle announced Thursday that it will open a basic burger restaurant.
'Butter' and 'Hug' Skills Are Latest LinkedIn Résumé Buffs
Thu, 28 Jul 2016 13:48:21 GMT
If you thought some of the "job skills" touted on LinkedIn were a little ridiculous, some have decided to lean in to the joke even harder.
Shell Profits Plunge by 72 Percent on Weak Oil
Thu, 28 Jul 2016 11:01:00 GMT
Royal Dutch Shell has disappointed investors with a 72 percent fall in quarterly profit blamed on weak oil and its $54 billion takeover of BG Group.
Flames Shoot From Passenger Plane Engine
Thu, 28 Jul 2016 10:59:10 GMT
An American Airlines flight suffered mechanical problems soon after taking off from Dallas-Fort Worth airport.
Dollar Takes a Tumble After Fed Caution
Thu, 28 Jul 2016 10:47:48 GMT
The dollar took its biggest tumble in almost two months on Thursday and stocks crept to nine-month highs after cautioun from the U.S. Federal Reserve.
Facebook Reports Stellar Second Quarter With 1.71 Billion Users
Thu, 28 Jul 2016 02:05:00 GMT
Facebook continued its growth streak with second-quarter earnings results on Wednesday that outperformed Wall Street expectations.
Average Legal Pot Buyer Is 37, But Millennials Buy The Most
Wed, 27 Jul 2016 22:39:00 GMT
How old do you think the average legal pot buyer is? Chances are they remember when "Funky Cold Medina" was released.
Apple Announces It Has Sold One Billion iPhones
Wed, 27 Jul 2016 22:12:00 GMT
Almost 10 years from its initial launch, Apple announced it recently sold the billionth iPhone.
1 in 6 Cars on the Road is Recalled but Not Fixed
Wed, 27 Jul 2016 20:05:00 GMT
At least 45 million vehicles - about one in six on U.S. roads - suffers from an unrepaired safety problem subject to an outstanding recall.
Fed Keeps Rates Unchanged - Again
Wed, 27 Jul 2016 18:11:00 GMT
The Fed announced today that it will not raise the interest rate, staying the course amid a disappointing earnings cycle and a post-Brexit landscape.
Pesticide Cuts Bee Sperm 39 Percent: Study
Wed, 27 Jul 2016 16:13:34 GMT
For years people have wondered what's killing the bees. A new study says pesticides are cutting bee sperm, preventing their birth in the first place.
Wall Street Seen Higher Ahead of Fed Announcement
Wed, 27 Jul 2016 11:09:00 GMT
U.S. stock-index futures rose on Wednesday, as European and Japanese stocks gained ahead of policy calls from the U.S. Fed and the Bank of Japan.
Apple's Wall Street Earnings Rebound While Twitter Slumps
Tue, 26 Jul 2016 22:45:41 GMT
U.S. stocks were mixed on Tuesday as investors braced for quarterly scorecards from Apple and Twitter.
MSNBC Business News
BBC Business News
RBS performs poorly in stress tests
Fri, 29 Jul 2016 21:07:25 GMT
RBS Group performed poorly in the latest European stress tests which assess how the banks might perform in adverse economic conditions.
Weekend tax credit and tax payment deadlines alert
Fri, 29 Jul 2016 21:00:12 GMT
Thousands of people face a deadline of the end of Sunday to renew tax credits and pay tax owed, or face losing payments or being hit with penalties.
Hinkley Point delay 'frustrates' Chinese investors
Fri, 29 Jul 2016 20:52:23 GMT
The government's surprise announcement to delay a final decision on Hinkley Point has left the Chinese company investing in it 'bemused' and "frustrated" according to a source.
US GDP growth misses forecasts despite spending surge
Fri, 29 Jul 2016 15:02:51 GMT
The US economy grew at an annual pace of 1.2% in the second quarter, far below expectations of 2.6%, but consumer spending rose at its fastest pace since 2014
SABMiller recommends revised AB InBev takeover offer
Fri, 29 Jul 2016 16:30:25 GMT
Brewing giant SABMiller recommends that shareholders should accept the revised takeover offer from rival AB InBev.
Foxtons estate agency profits tumble amid Brexit vote
Fri, 29 Jul 2016 09:52:20 GMT
High-profile London estate agency Foxtons has announced a 42% fall in profits, blaming uncertainty around the EU referendum for the fall.
Eurozone GDP growth halves as French economy stalls
Fri, 29 Jul 2016 10:41:21 GMT
Eurozone GDP growth slowed to 0.3% in the second quarter of the year as the bloc's second-largest economy, France, stagnated.
Barclays adds £400m to PPI payments as profits fall
Fri, 29 Jul 2016 08:25:13 GMT
Barclays sets aside an additional £400m to compensate customers mis-sold PPI as profits during the first half of the year fall 21%.
Anglo Irish Bank: Former executives jailed over fraud
Fri, 29 Jul 2016 13:08:24 GMT
Three former bank executives in the Republic of Ireland are jailed for their part in a 7.2bn euro (£6bn) conspiracy.
Amazon boss Bezos becomes world's third richest
Fri, 29 Jul 2016 10:08:40 GMT
Strong earnings from Amazon and a boost to the company's stock make its founder, Jeff Bezos, the world's third richest person, according to Forbes.
BA owner IAG's profits hit by weak pound
Fri, 29 Jul 2016 08:17:38 GMT
Airline group IAG, the owner of British Airways and Iberia, says currency movements cost it €148m in the latest quarter of trading, mainly due to the weak pound.
Google parent Alphabet sees strong profits rise
Fri, 29 Jul 2016 01:34:23 GMT
Quarterly revenue at Google's parent company Alphabet rises 21.3% after strong mobile advertising sales.
FTSE 100 rebounds to close day ahead
Fri, 29 Jul 2016 16:26:11 GMT
After spending much of the day behind, the London market scrapes into positive territory to close just three points ahead.
Yen jumps against dollar as Japan keeps rates on hold
Fri, 29 Jul 2016 08:12:15 GMT
The Japanese yen jumped more than 2% against the US dollar after the Bank of Japan keeps rates on hold.
Brexit knocks manufacturers' confidence - report
Thu, 28 Jul 2016 23:04:14 GMT
Confidence among manufacturers has slumped since the UK's vote to leave the European Union, a report indicates.
Driving a Crossrail train
Fri, 29 Jul 2016 14:07:48 GMT
The BBC's Transport correspondent Richard Westcott gets to drive one of London's new Crossrail trains.
‘The case hasn’t changed’ for Hinkley
Fri, 29 Jul 2016 08:25:03 GMT
Malcolm Grimston gives his analysis of the long term case for Hinkley Point
Hinkley Point: Why do we need a new nuclear power plant?
Thu, 28 Jul 2016 19:56:40 GMT
The BBC's Simon Jack explains why we need a new nuclear power station.
Living with Sierra Leone mine closures
Fri, 29 Jul 2016 09:14:10 GMT
After two of the country's largest mines were forced to close, the people of Sierra Leone have struggled to survive.
#boycottbyron divides social media
Thu, 28 Jul 2016 20:57:18 GMT
Dozens of workers at burger chain Byron have been arrested in raids by immigration officials, dividing social media users.
BBC Business News
Yahoo Business News
Tech shares and muted GDP growth push S&P 500 to record
Fri, 29 Jul 2016 16:29:25 -0400
Traders work on the floor of the NYSENEW YORK (Reuters) - Wall Street rose on Friday, with the S&P 500 index hitting a record intraday high for the seventh time this month as gains in technology heavyweights Alphabet and Amazon more than made up for losses in energy shares.

SABMiller board to recommend final AB InBev offer
Fri, 29 Jul 2016 11:28:47 -0400
A glass with beer and a bottle of Corona are seen in this picture illustration taken in SarajevoThe board of brewer SABMiller will recommend shareholders approve the final takeover offer by Anheuser Busch InBev , the company said on Friday, capping a week of high drama about the fate of the consumer industry's biggest-ever merger. AB InBev raised its cash offer to most shareholders by a pound-per-share on Tuesday, after the recent fall in the British currency made last year's deal less attractive. The board also unanimously decided that it intends to propose that its two largest shareholders, Altria and Bevco be treated as a separate class of shareholders.

Delaware judge proposes October trial over removal of Viacom directors
Fri, 29 Jul 2016 14:17:51 -0400
A security guard speaks into a microphone in his sleeve outside the Viacom Inc. headquarters in New YorkJudge Andre Bouchard proposed Oct. 17 for the beginning of the trial. In June, 93-year old Redstone, through his National Amusements Inc holding company, removed five of Viacom's directors, including Chief Executive Philippe Dauman, from the company's board. National Amusements owns 80 percent of voting shares of Viacom and CBS Corp .

Berkeley study finds scarce evidence of market 'front-running'
Fri, 29 Jul 2016 15:52:16 -0400
File photo of author Michael Lewis smiling during an interview at Reuters regarding his book about high-frequency trading (HFT) named "Flash Boys: A Wall Street Revolt," in New YorkTwo University of California, Berkeley professors have taken a deep dive into new data and found that claims in Michael Lewis' bestseller "Flash Boys" that retail investors are being gouged, or "front-run," by high-speed traders not to be true - at least not now. Professors Robert Bartlett and Justin McCrary said their findings contradict the common belief that fast traders systematically exploit others who rely on public data feeds, which in the past were notoriously slow. "Flash Boys: A Wall Street Revolt" touted two theories of market abuse that the study, "How Rigged Are Stock Markets?

Oil rout erodes second-quarter profits for U.S. majors Exxon, Chevron
Fri, 29 Jul 2016 15:05:19 -0400
Dow Jones Industrial Average listed company Chevron (CVX)'s logo is seen in Los AngelesChevron Corp posted its worst quarterly loss since 2001 on Friday and Exxon Mobil Corp reported a 59 percent slide in profit, as the long crude price rout and tumbling refining income inflicted pain across the energy sector. Exxon, the world's largest publicly traded oil producer, shocked Wall Street as its quarterly profit missed expectations, sending its shares down as much as 4.5 percent on Friday. In the United States, where Exxon is the largest natural gas producer and a major oil producer, the company lost money.

U.S. extends oversight of Fiat Chrysler safety practices by a year
Fri, 29 Jul 2016 15:14:59 -0400
A new Fiat Chrysler Automobiles sign is unveiled at Chrysler Group World Headquarters in Auburn Hills, MichiganU.S. auto safety regulators said on Friday they were extending oversight of Fiat Chrysler Automobiles NV for an additional year, requiring the Italian-American automaker to submit to monthly meetings and early disclosures of potential vehicle issues. In July 2015, Fiat Chrysler agreed to a $105 million settlement with the U.S. National Highway Traffic Safety Administration for mishandling nearly two dozen recall campaigns covering 11 million vehicles. Fiat Chrysler said in a statement that the NHTSA's decision to extend the requirements was not based on the company's performance to date, but rather to "facilitate continued communication," citing a letter from the agency.

Italian, Irish, Spanish banks do worst in EU stress test
Fri, 29 Jul 2016 17:05:16 -0400
Headquarters of the European Central Bank (ECB) is seen illuminated with a giant euro sign at the start of the "Luminale, light and building" event in FrankfurtBanks from Italy, Ireland, Spain and Austria fared worst in the latest European Union stress test, which the region's banking watchdog said on Friday showed there was still work to do in order to boost credit to the bloc's economy. Italy's Monte dei Paschi , Austria's Raiffeisen , Spain's Banco Popular and two of Ireland's main banks came out with the worst results in the European Banking Authority's test of 51 EU lenders.

'Sell everything,' DoubleLine's Gundlach says
Fri, 29 Jul 2016 17:03:37 -0400
Jeffrey Gundlach, founder of DoubleLine Capital, speaks at the Sohn Investment Conference in New York CityJeffrey Gundlach, the chief executive of DoubleLine Capital, said on Friday that many asset classes look frothy and his firm continues to hold gold, a traditional safe-haven, along with gold miner stocks. “The artist Christopher Wool has a word painting, 'Sell the house, sell the car, sell the kids.' That’s exactly how I feel – sell everything. Nothing here looks good,” Gundlach said in a telephone interview.

Pennsylvania attorney general announces Hershey trust reform deal
Fri, 29 Jul 2016 16:30:15 -0400
Hershey's chocolate bars are shown in this photo illustration in EncinitasThe Pennsylvania Attorney General's office on Friday unveiled the terms of a reform agreement with the charitable trust that controls Hershey Co that includes a 10-year term limit for trustees and limits on their compensation to $110,000. The trust has been in the spotlight since Hershey rejected a $23 billion cash-and-stock offer for the candy maker by Mondelez International Inc , the maker of Oreo cookies and Cadbury chocolate, last month. The agreement, which comes after an investigation of several months by the Attorney General's office over the trust's governance, compensation and expenses, could offer the clarity needed for Mondelez to make a new bid to acquire Hershey.

Alphabet and Amazon wind up stellar quarter for big tech
Fri, 29 Jul 2016 10:58:46 -0400
A Google search page is seen through a magnifying glass in this photo illustration taken in BerlinGoogle parent Alphabet Inc and e-commerce giant Inc capped a blockbuster June quarter for the five biggest U.S. tech companies as their dominance in key markets helped them defy the "law of large numbers". Apple Inc, Microsoft Corp and Facebook Inc, as well as Alphabet and Amazon, all blew past Wall Street expectations for both profit and revenue.

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