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ABC Business News
Labor Day Weekend Gas Prices Lowest in 11 Years
Fri, 04 Sep 2015 22:34:12 -0400
Labor Day gas prices are the cheapest in over a decade, giving some relief to drivers who will be hitting the road this weekend for the holiday.
Ebay Seller Who Sued for Negative Feedback Must Pay $19K
Fri, 04 Sep 2015 13:09:49 -0400
An eBay seller who sued two customers over their negative feedback online has been ordered to pay $19,250 to cover their legal fees.
Now You Can Own a San Francisco Island for $5M
Fri, 04 Sep 2015 15:59:51 -0400
Which tech entrepreneur will buy San Francisco's only privately-held island?
2015 Labor Day Weekend Freebies
Sat, 05 Sep 2015 00:13:17 -0400
Laborers of America: Enjoy free food, desserts recreation this holiday weekend.
Energy Company Emera Plans to Buy Teco Energy for $6.48B
Fri, 04 Sep 2015 19:44:27 -0400
Canadian energy company Emera will buy US-based Teco Energy for $6.48B, or $27.55 a share
McGraw-Hill Education Files for $100M IPO
Fri, 04 Sep 2015 18:58:11 -0400
Educational content developer McGraw-Hill Education files for IPO valued at up to $100M
Business Highlights
Fri, 04 Sep 2015 17:58:20 -0400
Business Highlights
US Stocks Drop; Mixed Jobs Report Clouds Rate Outlook
Fri, 04 Sep 2015 17:44:24 -0400
US stocks sink as mixed jobs report keeps investors guessing about the rate outlook
US Jobless Rate Falls to 7-Year Low; Fed Move Still Unclear
Fri, 04 Sep 2015 17:33:58 -0400
US unemployment rate falls to 7-year low, yet modest hiring clouds picture for Fed rate hike
Gap and Vince Are Big Market Movers
Fri, 04 Sep 2015 17:08:07 -0400
Gap, Vince, Verifone, Cooper and UTI are big market movers
How the Dow Jones Industrial Average Fared on Friday
Fri, 04 Sep 2015 16:52:22 -0400
How the Dow Jones industrial average and other major indexes fared on Friday
Figures on Government Spending and Debt
Fri, 04 Sep 2015 16:39:20 -0400
Figures on government spending and debt
Home Decorating Retailer At Home Files for IPO
Fri, 04 Sep 2015 16:12:51 -0400
At Home Group, the home goods chain, files for initial public offering
Watch: You Can Now Buy This Island For Only $5 Million
Fri, 04 Sep 2015 13:50:40 -0400
Red Rock, San Francisco's only privately-held island, got a huge price cut after first hitting the market for $22 million in 2012.
Watch: Gas Prices Hit 11-Year-Low for Labor Day Weekend
Fri, 04 Sep 2015 10:50:03 -0400
The 35 million people expected to travel this Labor Day weekend can look forward to gas prices hitting a national average of $2.44.
Watch: Getting to Know The Impractical Jokers - Real Biz with Rebecca Jarvis
Fri, 04 Sep 2015 13:21:20 -0400
The Impractical Jokers face off with Rebecca Jarvis in the Real Biz Rapid Fire. REAL BIZ WITH REBECCA JARVIS is a weekly show hosted by ABC News Chief Business and Economics Correspondent Rebecca Jarvis.
Watch: The Egg McMuffin Is Not Just for Mornings Anymore
Thu, 03 Sep 2015 12:17:37 -0400
McDonald's announces plan to do away with the mid-morning cutoff for many of their breakfast items.
Watch: US Stock Market Falls Again Due to China Fears
Tue, 01 Sep 2015 17:41:59 -0400
The Dow Jones Industrial Average, Nasdaq and S&P 500 all ended down as investors continue to have fears about the world's second-largest economy.
Photos: Rent Melanie Griffith, Antonio Banderas' Aspen Hideaway
Fri, 04 Sep 2015 04:53:53 -0400
You can live in the former couple's private ski run for $65,000 a month.
Photos: Luxurious Pools in Homes for Sale
Sun, 30 Aug 2015 00:39:36 -0400
Enjoy the last weeks of summer in these luxurious pools in homes for sale.
ABC Business News
MSNBC Business News
Fiat Chrysler Recalls 7,800 SUVs Over Hacking Concerns
Fri, 04 Sep 2015 22:06:49 GMT
Fiat Chrysler is recalling 7,810 sport utility vehicles in the United States to update software for radios to prevent hacking.
Dow Sheds 272 Points After Jobs Report
Fri, 04 Sep 2015 20:25:50 GMT
Stocks closed lower Friday after a mixed jobs report that didn't give clarity on whether the Federal Reserve will raise interest rates.
Jobs Report Points to Fed Rate Hike: Economists
Fri, 04 Sep 2015 19:41:45 GMT
Economists: While the economy added fewer jobs than expected, Friday's employment report will likely push the Fed to hike interest rates this month.
3 Charged With Running 'Green Energy' Scam
Fri, 04 Sep 2015 17:45:24 GMT
Three people have been charged with running a $54 million Ponzi scheme built on promises of a green energy technology that didn't exist.
5 Tips to Cut Taxes on Social Security Benefits
Fri, 04 Sep 2015 15:36:36 GMT
With Medicare costs on the rise for high-income retirees, here are some tips that could help lower your taxes on Social Security benefits.
BMW on Journey to Transform Signature M3 Sedan
Fri, 04 Sep 2015 14:48:00 GMT
BMW has embarked on a radical and risky journey to transform its signature twin-turbo V-6 powered M3 to a hybrid vehicle.
Kraft: Ten Times More Cheese Singles Affected by Recall
Fri, 04 Sep 2015 13:56:21 GMT
Kraft Heinz is expanding a recall of its popular cheese squares, saying a problem with the packaging film being a potential choking hazard affects 335,000 more cases.
Labor Day Gas Price Bonus: $1.4 Billion
Fri, 04 Sep 2015 13:47:10 GMT
Labor Day is historically one of America's busiest driving holidays, but this year it's likely to be remembered for being one of the cheapest.
Jobless Rate at 7-Year Low After August Hiring
Fri, 04 Sep 2015 13:19:30 GMT
The U.S. unemployment rate fell to a 7-year low in August as employers added 173,000 jobs. How will that affect the Fed's decision on interest rates?
Kraft: Ten Times More Cheese Singles Affected by Recall
Fri, 04 Sep 2015 12:36:57 GMT
Kraft Heinz is expanding a recall of its popular cheese squares, saying a problem with the packaging film being a potential choking hazard affects 335,000 more cases.
Nude Selfies Sent to HR Manager Nix Job Offer
Thu, 03 Sep 2015 20:44:57 GMT
An Illinois man weighing a job offer accidentally texted two nude selfies to the company's HR manager.
Avoid These Four Retirement Mistakes
Thu, 03 Sep 2015 19:15:55 GMT
Given that the stock market's swings may have you feeling queasy, here are four retirement mistakes to avoid as you ride out the rough seas.
How the Gender Wage Gap Becomes a Wealth Gap
Thu, 03 Sep 2015 17:47:59 GMT
Much has been written about the gender wage gap.And it is significant, especially when you consider that women now make up nearly half the workforce a
Man Who Made L.L. Bean a Household Name Dies
Thu, 03 Sep 2015 17:20:29 GMT
Leon Gorman, a grandson of L.L. Bean who led the outdoors retailer for decades after the founder's death, has died.
A Degree With Less Debt: Best 2-Year Colleges
Thu, 03 Sep 2015 16:30:14 GMT
As the cost of a higher education continues to rise, many students are looking at community college But which schools are best?
Motorola Launches New Version of Smartwatch
Thu, 03 Sep 2015 14:36:08 GMT
The new Moto 360 collection has two models—a regular and a "Sport" version.
Motorola Launches New Version of Smartwatch
Thu, 03 Sep 2015 14:35:35 GMT
The new Moto 360 collection has two models—a regular and a "Sport" version.
Ho-Ho-Go: General Mills Sells Green Giant
Thu, 03 Sep 2015 14:09:30 GMT
General Mills is selling its Green Giant and Le Sueur vegetable businesses to B&G Foods Inc. for about $765 million in cash.
Dow Ekes Out Gain After Up-and-Down Session
Thu, 03 Sep 2015 13:45:05 GMT
The Dow Jones industrial average closed slightly higher Thursday, displaying jitters ahead of a critical monthly jobs report.
Judge OKs $415m Settlement in Tech Worker Lawsuit
Thu, 03 Sep 2015 13:42:53 GMT
A judge granted final approval to a $415m settlement that ends a lawsuit in which workers accused companies of conspiring to hold down salaries.
MSNBC Business News
BBC Business News
Phone scammers' tricks caught on tape
Fri, 04 Sep 2015 21:02:36 GMT
Three men who tricked their victim into handing over her £12,000 savings on the phone have been caught on tape, thanks to her son's premonition.
US economy adds 173,000 jobs in August
Fri, 04 Sep 2015 21:03:24 GMT
The US economy adds 173,000 jobs in August in the last unemployment report before September's interest rate decision by the Federal Reserve.
Nearly one million 'face mortgage woe'
Fri, 04 Sep 2015 09:23:32 GMT
Nearly a million homeowners have no way of paying off their mortgages because they opted for interest-only loans, Citizens Advice warns.
Hinkley Point nuclear plant delayed
Fri, 04 Sep 2015 10:48:44 GMT
Energy giant EDF has admitted that construction of Britain's first new nuclear power plant in decades has been delayed.
Accelerating revenues boost Williams
Fri, 04 Sep 2015 09:52:44 GMT
The Williams Formula 1 Grand Prix team cuts half-year losses following a sharp rise in revenues.
Bwin accepts £1.1bn GVC takeover bid
Fri, 04 Sep 2015 16:04:35 GMT
Online betting company Bwin accepts a £1.1bn takeover bid from GVC, in preference to a rival offer from 888.
Asia drives record profit at Dyson
Fri, 04 Sep 2015 11:29:31 GMT
The engineering group Dyson reports record profits driven by Asia and new technology.
Hugo Boss fined £1.2m over mirror death
Fri, 04 Sep 2015 16:51:47 GMT
Hugo Boss is fined more than £1m over the death of a four-year-old boy who was crushed by a free-standing mirror at one of its stores.
China aviation giant buys Irish firm
Fri, 04 Sep 2015 00:33:19 GMT
A unit of Chinese aviation and shipping conglomerate HNA Group is buying Irish aircraft leasing firm Avolon for about $2.5bn (£1.6bn).
FTSE drops further after US jobs report
Fri, 04 Sep 2015 15:50:28 GMT
The FTSE 100 extends its losses after the release of the latest US jobs figures.
VIDEO: 'Meddling' charge over Malaysia probe
Thu, 03 Sep 2015 21:25:24 GMT
A senior anti-corruption official in Malaysia accuses the government of "meddling" with an independent investigation into the prime minister.
ECB cuts growth and inflation outlook
Thu, 03 Sep 2015 15:19:25 GMT
The European Central Bank cuts its forecasts for growth and inflation in the eurozone for 2015 and the next two years.
Why Disney's spending a day unboxing toys
Thu, 03 Sep 2015 17:54:21 GMT
Why Disney is hosting an 18-hour toy unboxing marathon - and what has made the unboxing phenomenon so popular?
SA tops Africa millionaires list
Thu, 03 Sep 2015 10:48:14 GMT
South Africa is named as the country with the highest number of dollar millionaires in Africa, with Johannesburg at the top.
VIDEO: Dutch start-up mixes work and wine
Fri, 04 Sep 2015 15:00:59 GMT
Short on money but big on ideas, a Dutch start-up company has found a novel way to save money on rent while occupying a prime position in the heart of Amsterdam.
VIDEO: Debrett's says selfies are fine
Thu, 03 Sep 2015 22:33:49 GMT
Debrett's offers training in etiquette in the digital age.
VIDEO: Indian soldiers in pensions fight
Fri, 04 Sep 2015 00:16:51 GMT
Indian former soldiers are saying they are being forced to live frugally in retirement because their pensions have been eroded by inflation.
VIDEO: The doctor-led Kenyan hospital
Fri, 04 Sep 2015 10:52:19 GMT
Dr Dan and Dr Betty Gikonyo built and run the Karen Hospital in Nairobi, Kenya.
VIDEO: The Tube train that's now an office
Wed, 02 Sep 2015 23:02:41 GMT
BBC News looks at a refurbished Tube train in London, which has become an unlikely office space for a group of workers.
VIDEO: Uber faces backlash in South Africa
Fri, 04 Sep 2015 07:20:19 GMT
Car hire app Uber has been the target of protests and legal action by taxi drivers around the world, but is now making inroads into Africa.
BBC Business News
Yahoo Business News
Global concerns may shrink Wall Street's third-quarter estimates
Fri, 04 Sep 2015 21:33:44 -0400
Trader works on the floor of the New York Stock Exchange shortly after the market opened in New YorkSlowing growth in emerging markets and currency fluctuations in anticipation of a U.S. interest rate hike may push third-quarter revenue and earnings estimates lower this month. Estimates have already fallen for 9 out of 10 of the benchmark index's sectors so far this year, according to Thomson Reuters data. This could happen fairly quickly," said Tim Ghriskey, chief investment officer of Solaris Group in Bedford Hills, New York.


U.S. labor market shows some muscle despite slower job growth
Fri, 04 Sep 2015 16:11:52 -0400
People browse booths at a military veterans' job fair in CarsonBy Lucia Mutikani WASHINGTON (Reuters) - U.S. job growth slowed in August, but the unemployment rate dropped to a near 7-1/2-year low and wages accelerated, keeping alive prospects of a Federal Reserve interest rate hike later this month. Nonfarm payrolls increased 173,000 last month after an upwardly revised gain of 245,000 in July, the Labor Department said on Friday. August's gain was the smallest in five months as the factory sector lost the most jobs since July 2013.


Muddled jobs report leaves Fed in a 'jam' watching markets
Fri, 04 Sep 2015 15:16:11 -0400
Federal Reserve building in WashingtonBy Jonathan Spicer and Jason Lange NEW YORK/RICHMOND, Va. (Reuters) - The latest U.S. jobs report was not definitively good or bad enough to help the Federal Reserve decide whether to raise interest rates later this month, leaving the decision hanging on volatility in financial markets over the next couple of weeks. The economy added 173,000 jobs in August, quite a bit fewer than expected. With global financial markets reeling over the last two weeks over fears of a Chinese economic slowdown, the report is probably the best and last direct reading on the economy before Fed officials consider hiking rates at a Sept. 16-17 meeting.


GE set for cost cuts as EU decision on Alstom deal nears
Fri, 04 Sep 2015 11:37:44 -0400
The General Electric logo is seen in a Sears store in SchaumburgEuropean regulators have expressed concerns over the combined company's control of the gas turbine market. In May, GE told investors it expects $3 billion in cost reductions over the next five years as it combines its operations with those of Alstom, more than double the previous target when the deal was first announced in April 2014. Outside of France, GE said last year that 18,000 of Alstom's 65,000 total employees involved in the deal worked in Europe, where works councils can make job cuts difficult.


Fiat Chrysler U.S. to recall 7,810 SUVs to prevent hacking
Fri, 04 Sep 2015 17:47:52 -0400
The new Jeep Renegade is seen during the first press day ahead of the 85th International Motor Show in GenevaThe announcement by FCA US LLC, formerly Chrysler Group LLC, comes more than a month after the company recalled about 1.4 million vehicles in the United States for the software update. FCA said on Friday that it was unaware of any injuries related to software exploitation. The recalled vehicles include 2015 Jeep Renegade SUVs equipped with 6.5-inch touchscreens.


Geneva wealth managers pay defrauded investors to settle Madoff case
Fri, 04 Sep 2015 15:35:59 -0400
Bernard Madoff departs US Federal Court after a hearing in New YorkFive former Geneva wealth managers have paid "substantial compensation" to settle criminal complaints brought by clients whose assets they had invested with U.S. fraudster Bernard Madoff, the Geneva prosecutor's office said on Friday. The case was launched in 2009 against five directors of Aurelia Finance, a Geneva-based private bank that prosecutors said had lost up to $800 million of clients' money by investing in Madoff's "Ponzi" scheme, which used money from new investors to pay existing clients. The five men - Vladimir Stepczynski, Pascal Cattaneo, Olivier Ador, Laurent Mathysen-Gerst and Jean-Marc Wenger - were charged with criminal mismanagement of client money by putting too many assets into a Madoff "feeder fund".


Credit Suisse to pay $288 million in damages in Lake Las Vegas refinancing
Fri, 04 Sep 2015 21:37:41 -0400
A Credit Suisse sign is seen on the exterior of their Americas headquarters in the Manhattan borough of New York CityThe damages are related to the event in which the Zurich-based bank was found to have used inflated appraisals to convince an affiliate of Highland Capital Management in 2007 to refinance the Nevada resort community, which sought Chapter 11 bankruptcy a year later. A Texas jury found in December that Credit Suisse had fraudulently enticed investors to back a $540 million loan for Lake Las Vegas resort, only to have the borrower quickly default. Highland Capital Management and Credit could not be reached for comment.


Nissan to recall about 300,000 vehicles in U.S. to fix console panel
Fri, 04 Sep 2015 12:49:02 -0400
Nissan signs are seen outside a Nissan auto dealer in Broomfield, ColoradoThe affected vehicles have a console trim panel that may catch the driver's shoe and potentially impede smooth pedal operation, the National Highway Traffic Safety Administration (NHTSA) said on its website. Nissan North America is expected to begin the recall by mid-October, the U.S. vehicle safety regulator said. "We have had an accident with injury related to this issue," Nissan North America spokesman Steve Yaeger said on Friday.


Boeing sticks with 747 production plans despite sales drought
Fri, 04 Sep 2015 15:11:39 -0400
Old airplanes, including Boeing 747-400s, are stored in the desert in VictorvilleBoeing Co said on Friday it is sticking to current production plans for its 747 jumbo jet despite a canceled order that left no net new orders for the plane in 20 months. Nippon Cargo Airlines Ltd, a unit of Nippon Yusen , canceled orders for four 747 freighters on Sept. 1, Boeing said, leaving no net new orders from this year or last. Boeing now has just 25 firm 747 orders, equal to about two years of production, for the $379 million jumbo.


SEC's Gallagher says will leave his post by October 2
Fri, 04 Sep 2015 16:21:28 -0400
Commissioner of the U.S. Securities and Exchange Commission (SEC) Gallagher speaks at the Sandler O'Neill + Partners, L.P. Global Exchange and Brokerage Conference in New YorkU.S. Securities and Exchange Commission Republican member Daniel Gallagher announced on Friday that he will not stay on at the agency past Oct. 2. Gallagher submitted his resignation letter to the White House in May, but he had not announced a date of departure. "It has been a great honor to serve on the commission during such an important time," Gallagher said in a statement.


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