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ABC Business News
420 Inspires the Craziest Marijuana Reviews
Mon, 20 Apr 2015 16:57:03 -0400
It's April 20, which means a celebratory day for cannabis users. "Four-twenty" is slang for marijuana consumption.
Kraft Mac & Cheese Shedding the Dyes
Mon, 20 Apr 2015 16:53:17 -0400
With Americans tiring of process, Kraft dumping dyes and preservatives in Mac & Cheese
A Small Victory for Fliers: Summer Domestic Fares Fall $2.01
Mon, 20 Apr 2015 10:36:31 -0400
Fliers see cheaper tickets this summer domestically and to Europe; Hawaii 10 percent lower
Hormel Says Bird Flu Outbreak Will Hurt Turkey Sales
Mon, 20 Apr 2015 20:19:55 -0400
Hormel says bird flu outbreak will reduce turkey sales; about 2.3M turkeys affected nationwide
Royal Caribbean and Hasbro Are Big Market Movers
Mon, 20 Apr 2015 19:09:23 -0400
Royal Caribbean, Hasbro, Halliburton, Groupon and Faro Technologies are big market movers
Running out of Time: Limited-Time Deals Can Be Limiting
Mon, 20 Apr 2015 18:41:34 -0400
Long lines, quick sellouts are hurdles when retailers have limited-time deals
Figures on Government Spending and Debt
Mon, 20 Apr 2015 18:17:04 -0400
Figures on government spending and debt
Business Highlights
Mon, 20 Apr 2015 18:01:05 -0400
Business Highlights
Trucking Group Urges Government to Move on Speed Limiters
Mon, 20 Apr 2015 17:52:10 -0400
Trucking group urges government to get moving on rule requiring big-rig speed limiters
US Stocks Gain, Rebounding From Friday's Slump; Hasbro Jumps
Mon, 20 Apr 2015 17:51:49 -0400
US stocks gain, getting a lift from good earnings reports; Hasbro jumps on Transformer sales
Halliburton Says Has Cut 9,000 Jobs in Wake of Oil's Drop
Mon, 20 Apr 2015 17:32:50 -0400
Lower oil prices lead Halliburton to cut 9,000 jobs, post to 1Q loss of $643 million
How the Dow Jones Industrial Average Fared Monday
Mon, 20 Apr 2015 16:48:04 -0400
How the Dow Jones industrial average and other major indexes fared on Monday
Labor Group Seeks Rehiring of Workers at 5 Wal-Mart Stores
Mon, 20 Apr 2015 16:43:34 -0400
Union seeks to force Wal-Mart to rehire workers amid store closings
Watch: Kraft Mac & Cheese to Ditch Artificial Dyes
Mon, 20 Apr 2015 17:21:14 -0400
The company announced that by January 2016 its macaroni and cheese products will no longer contain artificial preservatives or synthetic colors.
Watch: Regulators Might Pull Plug on Comcast, Time Warner Cable Deal
Mon, 20 Apr 2015 10:54:18 -0400
Comcast and Time Warner Cable's $45.2 billion merger could be in jeopardy. Executives are meeting with the DOJ this week to address concerns, the Wall Street Journal reports.
Watch: Crude Reality: Lower Oil Prices Hit U.S. Drillers
Fri, 17 Apr 2015 10:35:31 -0400
U.S. energy producers are pumping out 9.3 million barrels of oil a day, up nearly 100% from 2008 levels. However, the Wall Street Journal reports there are growing signs that lower oil prices are prompting producers to cut back on supply.
Watch: Japan, Not China, Is Now the Top Holder of US Treasury Debt
Thu, 16 Apr 2015 10:38:18 -0400
China's holdings of $1.22 trillion in U.S. Treasuries make it the No. 2 holder of U.S. debt, second to Japan. China had been the top foreign holder of U.S. Treasuries since 2008.
Watch: Europe Goes After Google
Wed, 15 Apr 2015 11:00:26 -0400
Google is in the crosshairs of the European Union as regulators formally accuse the company of anticompetitive behavior, claiming Google abused its dominance in online search.
Watch: Tax Tips: What Happens If You Miss the April 15 Deadline?
Wed, 15 Apr 2015 09:38:42 -0400
If you miss the deadline for filing your federal taxes, you could face both interest and penalties that can add 25 percent to your tax bill.
Watch: Billionaire Pete Peterson Says This is the Biggest Challenge Facing the Next U.S. President
Tue, 14 Apr 2015 17:43:00 -0400
Former Secretary of Commerce reveals who he thinks is the strongest leader to fix America's issues on Real Biz with Rebecca Jarvis.
ABC Business News
MSNBC Business News
Wisconsin Declares Bird Flu Emergency
Mon, 20 Apr 2015 21:52:38 GMT
Wisconsin Governor Scott Walker declared a state of emergency Monday because of an outbreak of H5N2 bird flu that kills poultry.
Target Could Have Prevented Lilly Pulitzer Frenzy
Mon, 20 Apr 2015 19:49:06 GMT
Target's Lilly Pulitzer clothing launch sold out swiftly, stoking both shopper buzz and frustration, but it should have seen it coming, experts say.
Apple Carbon Footprint Rises Despite Green Measures
Mon, 20 Apr 2015 18:39:13 GMT
Apple is more energy efficient than it ever has been, according to a new report.
Black & Green: Buying Into the Marijuana Market
Mon, 20 Apr 2015 18:03:58 GMT
Entry to the legal marijuana industry means more than opening up a dispensary. It's a multibillion-dollar industry with multifaceted positions.
Kraft Mac & Cheese Says Goodbye to The Dye
Mon, 20 Apr 2015 17:54:25 GMT
This is the last year that the original version of Kraft Mac & Cheese sold in the U.S. will contain artificial preservatives or synthetic colors.
Google Allows Download of Your Entire Search History
Mon, 20 Apr 2015 17:08:44 GMT
The search giant already allowed users to view their history, but now they can download their entire history in just a few simple steps.
You'll Save a Whopping $2.01 This Summer on Airfare
Mon, 20 Apr 2015 16:13:08 GMT
Fliers will get a tiny bit of relief on airfare from the savings airlines are enjoying on fuel costs.
Downsizing Can Have a Lot of Benefits for Retirees
Mon, 20 Apr 2015 15:23:35 GMT
Sharon Epperson sits down with CNBC's Digital Financial Advisor Council and discusses ways to protect your retirement income.
To Protect Elderly from Financial Scams, Just Talk
Mon, 20 Apr 2015 15:22:12 GMT
When seniors discuss their finances with a friend, family member or professional, they are more likely to take measures to stave off financial scams.
You'll Save a Whopping $2.01 This Summer on Airfare
Mon, 20 Apr 2015 14:00:14 GMT
Fliers will get a tiny bit of relief on airfare from the savings airlines are enjoying on fuel costs.
Sony Unveils Flagship Phone Despite Mobile Struggles
Mon, 20 Apr 2015 13:24:53 GMT
The 5.2-inch Xperia Z4 comes after the company confirmed thousands of job cuts in its mobile division earlier this year.
Airline Customer Satisfaction Gets a Tiny Bit Better
Mon, 20 Apr 2015 13:23:19 GMT
Customers report being slightly more pleased with airlines, but the industry still ranks low on a customer satisfaction index.
Black & Green: Colorado's Black 'Potreprenuers'
Mon, 20 Apr 2015 05:21:54 GMT
From business owners to policymakers, meet the black 'pot-treprenuers', trying to cash in on the high profits that abound in Colorado's cannabis industry.
Why African Americans Aren't Breaking Into the Pot Industry
Mon, 20 Apr 2015 00:29:27 GMT
The Drug Policy Alliance's Malik Burnett explores some of the challenges African Americans face upon entering the legal marijuana industry.
Is Your New Car Stamped 'Hecho en Mexico'?
Sun, 19 Apr 2015 16:29:35 GMT
Most of the models sold by Japanese brands are built in North America, and a growing number of those are coming from plants south of the border.
Remote-Controlled Jets? Tragic Crash Prompts Debate
Sun, 19 Apr 2015 14:20:13 GMT
Technology that would allow planes to be controlled remotely in situations similar to the Germanwings tragedy is being eyed by German authorities.
BMW Recalls 91,000 Mini Coopers Over Air Bag Sensor
Sun, 19 Apr 2015 04:21:47 GMT
The defect in the occupant detection mat means air bags may not deploy in a crash. The automaker said it has received one report of an injury.
California's Drought Could Mean More Expensive Jeans
Fri, 17 Apr 2015 22:47:16 GMT
Drought and water shortages could push California's cotton acreage to its lowest levels since the early 1930s.
Businesses Fret as Google Shakes Up Mobile Search
Fri, 17 Apr 2015 19:38:03 GMT
Google is changing the way its search engine recommends websites on smartphones.
Global Worries Rattle Stocks; Dow Drops 250
Fri, 17 Apr 2015 16:45:39 GMT
The Dow Jones industrial average plunged 250 points in midday trade.
MSNBC Business News
BBC Business News
Action call over grocery pricing
Mon, 20 Apr 2015 23:00:44 GMT
Consumer body Which? demands action from regulator over "confusing and misleading" supermarket pricing.
Greece asks public agencies for cash
Mon, 20 Apr 2015 17:09:02 GMT
The Greek government asks public sector bodies to hand over any reserve cash to help it meet a payment due to the International Monetary Fund.
Warning of car insurance cost rise
Mon, 20 Apr 2015 23:16:35 GMT
The cost of UK car insurance will rise over the rest of the year, according to the AA, despite a fall in the first quarter of 2015.
UK orders Russian to sell oil assets
Mon, 20 Apr 2015 18:24:57 GMT
Russian billionaire Mikhail Fridman must sell his North Sea gas fields within six months, the UK orders.
Jockey Club profits stay firm in 2014
Mon, 20 Apr 2015 22:00:11 GMT
The Jockey Club, which runs 15 UK racecourses, says profits dropped slightly last year, but turnover and prize money increased.
Gazprom to face anti-monopoly charge
Mon, 20 Apr 2015 20:07:58 GMT
European Union regulators are expected to accuse Russia's energy giant Gazprom on Wednesday of abusing its dominant position.
Mortgage costs 'getting cheaper'
Mon, 20 Apr 2015 10:30:59 GMT
Competition among mortgage lenders has intensified, brokers say, with a greater willingness to lend to those without huge savings.
Birds Eye owner bought by US firm
Mon, 20 Apr 2015 14:18:43 GMT
The company behind the Birds Eye and Findus brands, Iglo Group, is being sold for €2.6bn (£1.9bn) to US investment vehicle Nomad Holdings.
London shares hold on above 7,000
Mon, 20 Apr 2015 16:37:20 GMT
London's leading shares recover some of Friday's heavy falls, with mining stocks leading the way.
Cirque du Soleil sold to investors
Mon, 20 Apr 2015 16:08:52 GMT
Canadian circus firm Cirque du Soleil sells a majority stake to US and Chinese private investors, valuing the firm at $1.5bn.
China unveils Pakistan superhighway
Mon, 20 Apr 2015 15:40:14 GMT
China's President Xi Jinping has signed a deal with Pakistan promising $46bn (£30.7bn) of investment.
Venezuela 'receives $5bn from China'
Mon, 20 Apr 2015 12:18:28 GMT
Venezuela has received $5bn (£3.4bn) in Chinese funding for "development", Venezuelan President Nicolas Maduro says.
Google search changes favour mobile
Mon, 20 Apr 2015 12:20:22 GMT
Google is updating its search tools to favour websites that work well on mobile devices above those that fail its criteria
White goods dominate e-waste items
Sun, 19 Apr 2015 02:35:55 GMT
Old kitchen, bathroom and laundry equipment made up 60% of the 41.8 million tonnes of electronic waste thrown away in 2014, suggests a report.
VIDEO: Post Office rebuked over cash probes
Mon, 20 Apr 2015 18:04:35 GMT
The Post Office has been criticised in an independent report which examined complaints from sub-postmasters who said the had been unfairly sacked or prosecuted over cash shortfalls at their branches.
VIDEO: Indonesia in the economic spotlight
Mon, 20 Apr 2015 02:04:01 GMT
Indonesia is hosting the World Economic Forum this week and hopes the event will help to attract increased foreign investment.
VIDEO: Leather trade hit by India's cattle ban
Sun, 19 Apr 2015 22:41:30 GMT
Maharashtra becomes the latest state to ban the slaughter of cows - a move that has hit India's leather industry hard.
VIDEO: Is Bulgaria Europe's Silicon Valley?
Sun, 19 Apr 2015 23:01:23 GMT
In a series looking at the challenges facing Europe, BBC News meets a Bulgarian IT entrepreneur.
VIDEO: Falkland Islands oil sparks dispute
Fri, 17 Apr 2015 20:00:44 GMT
Argentina has started legal proceedings against three British and two US companies for drilling oil near the Falkland Islands.
VIDEO: Sole-d: Why Northampton shoes are big in Japan
Fri, 17 Apr 2015 09:10:23 GMT
Around a third of all shoes made in the UK end up in Japan.
BBC Business News
Yahoo Business News
Asian stocks steady after China stimulus, euro hurt by Greek woes
Mon, 20 Apr 2015 20:49:39 -0400
A pedestrian walks past an electronic board showing the graph of the recent fluctuations of the Japan's Nikkei average outside a brokerage in TokyoAsian stocks were firm on Tuesday after China's latest step to prop up its faltering economy lifted global equities, while the euro was pressured on growing worries a cash-strapped Greece may default on its debt. MSCI's broadest index of Asia-Pacific shares outside Japan was steady, with the dollar's gains against some Asian currencies offsetting a rise in stock prices in local currency terms. "China's action undid the damage caused by the crackdown (on speculative buying in Chinese stocks on Friday)," said Hirokazu Kabeya, chief global strategist at Daiwa Securities.


IBM sales fall for 12th quarter, currency weighs
Mon, 20 Apr 2015 17:34:03 -0400
File photo of people walking past sign at the booth of IBM at the CeBIT trade fair in Hanover(Reuters) - International Business Machines Corp reported a 12 percent fall in first-quarter revenue as the technology company continues to shed unprofitable businesses to focus on cloud-computing initiatives. It was the 12th straight quarter that the Armonk, New York-based company reported a drop in quarterly revenue, including the effects of currency. IBM's revenue has been shrinking for three years now as the company sheds low-profit businesses such as cash registers, low-end servers and semiconductors and focuses on emerging areas such as security software and cloud services, but the new businesses have so far failed to make up for revenue lost to divestitures. Some top shareholders have sought help from activist investors to shake up the company, Reuters reported earlier this month IBM did say that it has generated $7.7 billion in total cloud revenue over the past 12 months, up sharply from the year before.


GE in talks to sell lending, leasing portfolio to Wells Fargo: source
Mon, 20 Apr 2015 13:25:55 -0400
The General Electric logo is seen in a Sears store in SchaumburgThe talks with Wells Fargo underscore GE's urgency in looking to dismantle its GE Capital business and free itself from the financial regulatory pressures that come with it. GE earlier this month unveiled plans to exit the bulk of GE Capital over the next few years to focus more on industrial manufacturing. Chief Financial Officer Jeff Bornstein told analysts on the company's quarterly conference call last week that GE was seeing "incredible" interest in the GE Capital assets.


Fed's Dudley hopeful on rate hike this year
Mon, 20 Apr 2015 08:45:21 -0400
New York Federal Reserve Bank President William Dudley speaks at a Thomson Reuters newsmaker event in New YorkEconomic performance will determine when the Federal Reserve finally raises U.S. interest rates from near zero, an influential Fed official said on Monday, adding he hopes to tighten policy later this year. "We have to see what unfolds," New York Fed President William Dudley said in a speech that repeated cautious optimism that the U.S. economy will continue to expand and that inflation will begin to firm later this year.


Morgan Stanley posts highest profit since financial crisis
Mon, 20 Apr 2015 15:13:16 -0400
The corporate logo of financial firm Morgan Stanley is pictured on the company's world headquarters in the Manhattan borough of New York CityBy Anil D'Silva and Avik Das (Reuters) - Wall Street investment bank Morgan Stanley reported its most profitable quarter since the financial crisis on Monday, boosted by higher revenue from trading bonds and equities. The bank's trading business, like those of its main rivals, got a boost in the quarter after the Swiss central bank scrapped a cap on the franc, the European Central Bank announced its quantitative easing program and the U.S. Federal Reserve took steps toward tightening monetary policy. Morgan Stanley capped a mostly strong quarter for the big U.S. banks with its 60 percent rise in net profit, followed by Goldman Sachs Group Inc, whose profit jumped 41 percent. "We did not dial up risk to generate these earnings," Chief Executive James Gorman said on a call to discuss what he described as the bank's "strongest quarter in many years." Morgan Stanley is focusing less on bond markets and more on managing money for the rich as a way to free up capital and meet stricter regulatory rules imposed since the financial crisis.


U.S. and Japan narrow gaps substantially in trade talks: USTR Froman
Mon, 20 Apr 2015 14:54:23 -0400
Japan's Economics Minister Amari shakes hands with U.S. Trade Representative Froman ahead of their meeting in TokyoTOKYO (Reuters) - The United States and Japan have made significant progress in trade talks over recent days, adding momentum to multilateral efforts toward a free-trade pact, U.S. Trade Representative Michael Froman said early on Tuesday.


Oil up on drop in U.S. crude stockpiles, Middle East tensions
Mon, 20 Apr 2015 16:18:15 -0400
Crude oil drips from a valve at an oil well operated by Venezuela's state oil company PDVSA, in the oil rich Orinoco belt, near Morichal at the state of MonagasBy Barani Krishnan NEW YORK (Reuters) - Oil prices ended in positive territory on Monday after a drop in stockpiles at the delivery point for U.S. crude in the second half of last week outweighed pressure from near record high production in Saudi Arabia. Tensions after the dispatch of U.S. Navy ships to waters near Yemen and an alert issued by Saudi Arabia for a possible militant attack also put a floor beneath U.K. North Sea Brent and U.S. crude prices, traders said.. Brent, the more widely-referenced benchmark, settled flat at $63.45 a barrel, after falling more than $1 earlier in the session. "There were certainly competing influences, with the U.S. crude draw inspiring the bulls, while the bears pounced on the record high Saudi output," said John Kilduff, partner at New York energy hedge fund Again Capital. Oil services firm Genscape reported a drop of more 900,000 barrels at the Cushing, Oklahoma delivery point for U.S. crude between Tuesday and Friday last week, market sources who saw the data said.


U.S. court hears Chevron's fraud claims in $9.5 billion Ecuador dispute
Mon, 20 Apr 2015 15:21:21 -0400
A sign advertising gas prices is seen at a Chevron station in Los AngelesChevron Corp urged a U.S. appeals court on Monday to uphold a ruling finding that an American lawyer used corrupt means to secure a $9.5 billion pollution judgment in Ecuador.A lawyer for Chevron told the 2nd U.S. Circuit Court of Appeals in New York that Steven Donziger, a U.S. lawyer who represented a group of Ecuadorians that sued the oil giant, pursued a case "shot through with fraud." "What happened here was a fraud on the Ecuadorian courts," Theodore Olson, Chevron's lawyer, said. "The problem is, how do you write an opinion that does not open the door to attacks on judgments from around the world?" Deepak Gupta, Donziger's lawyer, said.The appeal follows years of litigation by the villagers, who sued Texaco, which Chevron later acquired, over contamination in the jungle around Lago Agrio, Ecuador, between 1964 and 1992.The Ecuadoreans initially sued Chevron in federal court in Manhattan in 1993.


Business group sees thousands of U.S. jobs from Pacific trade deal
Mon, 20 Apr 2015 20:23:42 -0400
Paul Ryan talks with Shinzo Abe on Trans-Pacific Partnership and other issues in TokyoThe 12-nation Pacific trade pact would create nearly a quarter of a million U.S. jobs due to increased foreign investment in the United States, a business group estimated on Monday, in the first look at the deal's employment impact. The Trans-Pacific Partnership (TPP), a potential legacy-defining achievement for President Barack Obama, is near completion but has run into opposition from Democrats and others who worry the deal would cost U.S. jobs. The Organization for International Investment (OFII), a trade group that represents the U.S. operations of global companies, said TPP would create 68,000 direct jobs tied to an estimated $20 billion boost in foreign direct investment. The trade deal, which reaches from Japan to Chile, would also create another 165,000 "indirect and induced" jobs from U.S. suppliers and other firms that employ additional workers when foreign spending in the United States increases, OFII said.


ECB's Nowotny says impact of any Greek exit less now than before: TV
Mon, 20 Apr 2015 08:17:18 -0400
Austrian National Bank Governor Nowotny listens during a news conference in ViennaWere Greece to leave the euro, it would not have the same impact on the euro zone as it would have had two years ago, an ECB policymaker said on Monday, urging the Greek government to provide "numbers" to qualify for further aid. "One should not overestimate the whole story," Ewald Nowotny, a member of the European Central Bank's policy-setting Governing Council, told broadcaster CNBC. Asked if a euro [EUR=] weakening to parity with the dollar would not be unwelcome, Nowotny reiterated that the ECB does not target exchange rates as part of its monetary policy.


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