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ABC Business News
Is It Bad If I Don't Have a Chip Credit Card Yet?
Sat, 10 Oct 2015 00:10:31 -0400
By now, you???ve no doubt heard about EMV chip cards and how they provide better fraud protection than the traditional magnetic stripe versions.
Johnson & Johnson Posts Mixed 3Q Results, Authorizes Buyback
Tue, 13 Oct 2015 10:31:57 -0400
J&J tops 3Q profit expectations, misses revenue forecasts, authorizes $10B share buyback
Why Putting on Clothes May Help Playboy's Bottom Line
Tue, 13 Oct 2015 11:26:16 -0400
The 62-year-old magazine announced that it will no longer feature nudity.
US Stocks Are Mixed as Investors Assess Earnings, Deals
Tue, 13 Oct 2015 12:26:59 -0400
US stocks mixed as investors assess earnings, deal news; Twitter climbs on cost-cutting
Johnson & Johnson Board Approves $10 Billion Buyback Plan
Tue, 13 Oct 2015 11:01:41 -0400
Johnson & Johnson's board of directors approves $10 billion stock buyback program
Grain Higher, Livestock Mixed
Tue, 13 Oct 2015 10:49:10 -0400
Grain higher on the CBOT, beef lower and pork higher on the CME
Stocks Open Lower as Worries Over Weak China Trade Data Loom
Tue, 13 Oct 2015 09:45:23 -0400
Stocks open lower, breaking a winning streak, as traders worry about weak Chinese trade data
BP to Reimburse Louisiana $58.2M for Legal Fees, Other Costs
Tue, 13 Oct 2015 08:47:11 -0400
BP to reimburse $58.2 million to Louisiana Attorney General's Office for Gulf oil spill
UK Consumer Prices Fall Due to Cheaper Food, Fuel
Tue, 13 Oct 2015 05:46:00 -0400
UK inflation rate dips below zero amid falls in food and fuel prices
Asian Stocks Lower on Weak China Import Data
Mon, 12 Oct 2015 23:51:38 -0400
Asian stock markets lower as weakness in Chinese trade persists
Business Highlights
Mon, 12 Oct 2015 17:40:02 -0400
Business Highlights
Watch: Beer Merger Creates World's Largest Brewer
Tue, 13 Oct 2015 11:13:39 -0400
SABMiller, the parent company of Miller beer, accepted a merger offer from the company that brews Budweiser, Anheuser-Busch InBev, in a deal worth more than $100 billion.
Watch: How To Face Your Fears and Tap Your Creativity
Fri, 09 Oct 2015 19:26:42 -0400
Elizabeth Gilbert, Bonnie St. John and Nadia Al-Sakkaf explain how to ignore the voice in your head and be bold even when you are afraid.
Watch: Netflix Raises Its Streaming Price
Fri, 09 Oct 2015 12:10:48 -0400
The company is raising the cost of its most popular streaming plan to $9.99 a month, which allows customers to watch media on two screens at the same time.
Watch: Meet The Brothers Who Are Making Lego Hearts for Hip Hop Royalty Real Biz with Rebecca Jarvis
Fri, 09 Oct 2015 13:18:39 -0400
Episode 61: Rebecca Jarvis travels to Brooklyn to get to know New York Fashion Designers Dee & Ricky on Real Biz with Rebecca Jarvis.
Watch: VW America CEO Grilled on Capitol Hill
Thu, 08 Oct 2015 14:42:02 -0400
Michael Horn, president and CEO of Volkswagen Group of America, addressed heated questions from lawmakers about the company's emissions scandal.
Watch: Auto Strike Deadline Looms for Fiat-Chrysler
Wed, 07 Oct 2015 11:44:05 -0400
The union issued a strike notice to the automaker after rejecting a tentative contract deal.
Watch: Race Car Legend Chip Ganassi Real Biz with Rebecca Jarvis
Wed, 07 Oct 2015 10:11:48 -0400
Episode 60: Rebecca Jarvis goes one-on-one with race car driving legend and entrepreneur Chip Ganassi. What does it take to be a race car driver?
Photos: Sia Lists Mediterranean Mansion in LA
Mon, 12 Oct 2015 05:21:10 -0400
It could be yours for $4.995 million.
Photos: Oil Painting by Jack Ma Sold for $5.4M to Another Chinese Billionaire
Wed, 07 Oct 2015 09:10:35 -0400
A painting by Alibaba's founder Jack Ma sold for $5.4 million at an auction.
ABC Business News
MSNBC Business News
Should You Pay Off Mortgage Before Retirement?
Tue, 13 Oct 2015 16:29:03 GMT
Conventional wisdom holds that retirees should not hold a mortgage, but an expert cautions "that's not a one-size-fits-all answer." Find out why.
Helicopter Parents Learn College Is Time For A Landing
Tue, 13 Oct 2015 15:48:00 GMT
Freshman year is a time of transition—and one of the biggest transitions has to do with the parent-child relationship.
Volkswagen Plans to Overhaul Diesel Technology
Tue, 13 Oct 2015 15:43:05 GMT
Volkswagen plans a complete makeover of its diesel technology in the wake its emissions cheating scandal, with production to begin ASAP.
Cost of TV, Internet and Phone Service Rising
Tue, 13 Oct 2015 15:08:48 GMT
If you feel like you're paying more for TV, Internet and phone service, you're right. And you may have been "bundled" into an even costlier bill.
List of Stores Shut on Thanksgiving 2015 Grows
Tue, 13 Oct 2015 14:44:25 GMT
Here's all the stores staying shut on Thanksgiving this year.
Pilgrim Nuclear Plant in Massachusetts to Close
Tue, 13 Oct 2015 14:19:44 GMT
The owners of the Pilgrim Nuclear Power Station in Plymouth, Massachusetts, have announced that they will close the plant by June 2019.
Twitter Layoffs: Social Network Slashes Its Workforce
Tue, 13 Oct 2015 13:51:29 GMT
The deepest job cuts are coming to the product and engineering teams.
Leonardo DiCaprio Plans Movie on VW Scandal
Tue, 13 Oct 2015 13:43:21 GMT
Leonardo DiCaprio is keen to take the drama unfolding around Volkswagen's emissions scandal to the silver screen, according to media reports.
It's a Wrap! Some Done with Holiday Shopping
Tue, 13 Oct 2015 12:45:51 GMT
Leaves are starting to fall, warm sweaters and boots are being unearthed from storage and pumpkin-flavored everything is in the stores. Meanwhile
Dell to Buy Data Storage Firm in Largest Tech Deal Ever
Tue, 13 Oct 2015 12:37:47 GMT
The offer is $33.15 per share in cash and special stock, the companies said in a joint statement on Monday.
Playboy Will No Longer Publish Nude Photos
Tue, 13 Oct 2015 12:04:27 GMT
So long angel in the centerfold. The magazine says it's nude images are "passe" when every teenager has access to an Internet rife with pornography.
World's Two Biggest Brewers Move Closer to Merger
Tue, 13 Oct 2015 07:19:46 GMT
The potential deal would therefore create the world's most dominant brewing company.
Questions Raised on VW's Death, Injury Reporting
Mon, 12 Oct 2015 22:26:18 GMT
A new analysis raises questions about whether Volkswagen USA has properly reported death and injury claims to U.S. regulators over the past decade.
Old Technology Likely Caused Southwest Outage
Mon, 12 Oct 2015 22:11:54 GMT
A computer issue that delayed hundreds of Southwest flights on Sunday was likely caused by legacy technology asked to do too much, experts say.
PepsiCo to Market a Line of Mobile Phones in China
Mon, 12 Oct 2015 21:55:53 GMT
The company says, however, that it has no plans to get into the phone manufacturing business.
Americans' Optimism on Economy Dims: Poll
Mon, 12 Oct 2015 19:54:35 GMT
The plunge in the stock market and weaker growth in the U.S. and abroad look to have taken a toll on American economic optimism.
Dining Out By Yourself? You've Got Plenty of Company
Mon, 12 Oct 2015 19:44:16 GMT
The online reservations provider says an analysis of its booking data shows a 62 percent rise in solo reservations over the past two years.
Hotel Booking Scams Hit More Travelers: Survey
Mon, 12 Oct 2015 16:32:15 GMT
The problem of "rogue" hotel booking websites is bigger than previously known and is creating enormous problems for travelers and the hotel industry.
Facebook Wants to Make it Easier to Buy Through Its App
Mon, 12 Oct 2015 16:16:48 GMT
Facebook wants its users to shop for clothes and other products from their mobile phones without ever leaving its app.
Two Colleges Cutting Tuition by 40 Percent
Mon, 12 Oct 2015 14:49:55 GMT
Bucking the trend of annual cost increases, two small private liberal arts colleges say they are cutting tuition next year by more than 40 percent.
MSNBC Business News
BBC Business News
UK inflation rate turns negative again
Tue, 13 Oct 2015 14:01:42 GMT
Inflation as measured by Consumer Prices Index fell to -0.1% in September, partly due to falling fuel prices, official figures show.
VW cuts investment by 1bn euros a year
Tue, 13 Oct 2015 11:25:42 GMT
Volkswagen says it will cut investment by €1bn a year as a result of the diesel emissions scandal.
Twitter lays off hundreds of staff
Tue, 13 Oct 2015 16:37:15 GMT
Twitter says it is cutting 336 jobs, roughly 8%, of its global workforce, as part of a restructuring of the business.
Brewing giants agree takeover terms
Tue, 13 Oct 2015 10:03:11 GMT
The world's two biggest beer producers are set to merge after SABMiller accepted an increased takeover offer from rival Anheuser-Busch InBev.
Barclays to name new chief executive
Tue, 13 Oct 2015 09:47:12 GMT
Barclays is set to appoint former JP Morgan banker James "Jes" Staley as its new chief executive.
Royal Mail stake sale raises £591m
Tue, 13 Oct 2015 07:47:37 GMT
The government says it has raised £591.1m from selling its final stake in Royal Mail, bringing the total amount raised to £3.3bn.
Worldpay lists on London stock market
Tue, 13 Oct 2015 11:58:21 GMT
Worldpay, the payments processing company, is listed on the London Stock Exchange, raising more than £2bn.
House prices rising fastest in England
Tue, 13 Oct 2015 10:30:14 GMT
House prices in England have risen considerably faster than values in the rest of the UK in the last year, official figures show.
Royal Mail leads FTSE 100 lower
Tue, 13 Oct 2015 16:02:46 GMT
Mining shares pull the FTSE 100 lower, while Royal Mail shares drop after the government sells its remaining stake in the company.
Ireland is on new path says Noonan
Tue, 13 Oct 2015 15:00:58 GMT
Ireland is "on a new path" and the top priority is to keep recovery growing, the Irish finance minister has said.
Backlash at Labour budget vote U-turn
Tue, 13 Oct 2015 11:32:48 GMT
Shadow chancellor John McDonnell sparks a backlash from some Labour MPs after ditching support for the government's fiscal charter.
Leonardo DiCaprio to produce VW film
Tue, 13 Oct 2015 10:20:24 GMT
Leonardo DiCaprio to produce a film based on an as-yet-unwritten book about the Volkswagen diesel emissions scandal.
Nutcracker firm files for bankruptcy
Mon, 12 Oct 2015 09:40:34 GMT
Steinbach, one of Germany's best-known makers of traditional wooden nutcrackers, files for bankruptcy.
VIDEO: Women-first dating revolution
Mon, 12 Oct 2015 23:18:48 GMT
Can Whitney Wolfe repeat the success of Tinder with her dating app Bumble where women take the lead?
VIDEO: VW UK boss apologises over emissions
Mon, 12 Oct 2015 16:15:53 GMT
Volkswagen's UK managing director has apologised for letting down its customers over the diesel emissions scandal.
VIDEO: Facebook's tiny UK tax bill explained
Mon, 12 Oct 2015 21:01:01 GMT
Social network giant Facebook paid just £4,327 ($6,643) in corporation tax in 2014, its latest UK results show.
VIDEO: Inside a car emissions testing lab
Mon, 12 Oct 2015 17:46:12 GMT
In the wake of the Volkswagen scandal, the UK government has begun spot emissions checks for other car makers. All makes of vehicle could be tested.
VIDEO: Bernanke urges punishment of bankers
Fri, 09 Oct 2015 20:48:17 GMT
Former US Federal Reserve Chairman Ben Bernanke calls on 2008 financial crash investigators to examine individuals rather than companies.
VIDEO: The 'fun sock' entrepreneur
Fri, 09 Oct 2015 14:26:27 GMT
A day in the shoes of technology specialist turned sock-maker Nic Haralambous.
VIDEO: Ex-M&S boss to lead pro-EU campaign
Sat, 10 Oct 2015 08:16:33 GMT
Lord Stuart Rose, former chief executive of Marks and Spencer, is to lead the campaign for Britain to stay in the European Union.
BBC Business News
Yahoo Business News
AB InBev wins over SABMiller at fifth attempt
Tue, 13 Oct 2015 10:54:54 -0400
A bartender serves a beer produced by brewing company SAB Miller at a bar in Cape TownBy Philip Blenkinsop and Martinne Geller BRUSSELS/LONDON (Reuters) - The world's two biggest brewers agreed on Tuesday to create a company making almost a third of the world's beer after SABMiller received an improved offer worth more than $100 billion from larger rival Anheuser-Busch InBev . The new group would bring together AB InBev's Budweiser, Stella Artois and Corona brands with SABMiller's Peroni, Grolsch and Pilsner Urquell. For AB InBev it would also add more breweries in Latin America and Asia and crucially opens up new growth markets in Africa.

GE to sell $30 billion specialty finance business to Wells Fargo
Tue, 13 Oct 2015 11:32:27 -0400
The General Electric logo is seen in a Sears store in Schaumburg(Reuters) - General Electric Co took a big step on Tuesday in its plan to unload most of its financing operations, saying it has agreed to sell commercial lending and leasing businesses worth more than $30 billion to Wells Fargo & Co . The U.S. conglomerate has now inked $126 billion in transactions -- more than half of its overall target -- since announcing in April it would seek to reduce its GE Capital financing business to less than 10 percent of earnings as it focuses more on industrial manufacturing. GE Capital accounted for 42 percent of the company's profit in 2014.

Wall St. recovers but China concerns weigh
Tue, 13 Oct 2015 11:34:08 -0400
Traders work on the floor of the New York Stock Exchange"(News from) overseas seems to be drawing most of the attention here and we'll see what the U.S. does to counteract that," said Paul Springmeyer, senior portfolio manager at the private client reserve at U.S. Bank in Minneapolis. At 11:23 a.m. ET (1523 GMT), the Dow Jones industrial average was up 22.25 points, or 0.13 percent, at 17,154.11, the S&P 500 was up 2.85 points, or 0.14 percent, at 2,020.31 and the Nasdaq composite index was up 13.24 points, or 0.27 percent, at 4,851.88. Molson Coors rose 10.5 percent to $86.99 after SABMiller agreed to be bought by AB Inbev for about $106 billion.

Twitter to cut up to 8 percent of global workforce
Tue, 13 Oct 2015 09:10:36 -0400
File picture shows an employee adjusting a screen that displays the Twitter logo ahead of the company's IPO on the floor of the New York Stock Exchange(Reuters) - Twitter Inc said it would lay off up to 336 employees, or about 8 percent of its global workforce, as part of a plan to streamline operations. The layoffs, mainly in the company's product and engineering functions, come about a week after the microblogging service provider appointed co-founder Jack Dorsey its permanent chief executive. "And the rest of the organization will be streamlined in parallel." Shares of Twitter, which had about 4,100 employees globally as of June 30, rose 1.5 percent to $29.18 in premarket trading on Tuesday.

J&J third-quarter sales miss mark, hurt by strong dollar
Tue, 13 Oct 2015 09:49:28 -0400
Alex Gorsky, CEO of Johnson & Johnson, listens as he is introduced to speak at the Boston College Chief Executives Club of Boston luncheon in BostonGlobal company revenue fell 7.4 percent to $17.1 billion in the quarter. Jefferies analyst Jeffrey Holford said revenue for each of the company's three divisions, including its largest segment of prescription drugs, were about 2 percent below forecasts. "The news of a $10 billion share repurchase program is welcome, but it doesn't address the underlying issues in pharmaceuticals," Holford said, and may lessen the likelihood of J&J making big acquisitions in the company's biggest segment.

Jury selection begins in ex-Rabobank traders' U.S. trial over Libor scheme
Tue, 13 Oct 2015 10:51:29 -0400
Former Rabobank employee Anthony Allen arrives at federal court in Manhattan, New YorkJury selection got under way on Tuesday in the trial of two former Rabobank [RABO.UL] traders from Britain facing U.S. charges that they engaged in a scheme to manipulate Libor interest rates. The trial of Anthony Allen, 44, and Anthony Conti, 46, in federal court in Manhattan marks the first in a case by the U.S. Justice Department spilling out of a global investigation into whether various banks sought to manipulate Libor. Both men have pleaded not guilty to charges including conspiracy and wire fraud stemming from their alleged role in helping manipulate U.S. dollar and yen Libor rates to benefit the Dutch lender's trading positions.

EMC to pay up to $2.5 billion to Dell if it opts for rival bid
Tue, 13 Oct 2015 11:48:29 -0400
The EMC logo is seen at the entrance to the company's office in Santa ClaraEMC Corp said it would pay Dell Inc [DI.UL] up to $2.5 billion in termination fees if the data-storage company accepts a "superior proposal". EMC said Dell had secured financing of up to $49.5 billion from banks to fund the roughly $67 billion deal announced on Monday. While IBM Corp , Cisco Systems Inc , Oracle Corp and Hewlett-Packard Co could be potential suitors for EMC, the chances of them challenging Dell with a rival offer are slim, people familiar with the matter told Reuters on Monday.

VW looks to cutbacks and electric cars to overcome scandal
Tue, 13 Oct 2015 10:35:31 -0400
A Volkswagen logo is seen on one of the German automaker's cars in a street in Sydney, AustraliaVolkswagen will cut investment plans at its biggest division by 1 billion euros ($1.1 billion) a year and step up development of electric vehicles, it said on Tuesday, as it battles to cope with the fallout from its cheating of diesel emissions tests. The German company also said it would speed up cost cutting at the VW division, its largest by revenues, and put only the latest and "best environmental technology" in diesel vehicles. Europe's largest carmaker is battling the biggest business crisis in its 78-year history after admitting last month it installed software in diesel vehicles to deceive U.S. regulators about the true level of their toxic emissions.

Oil steady on IEA report, U.S. output forecast
Tue, 13 Oct 2015 08:30:39 -0400
A pump jack operates at a well site leased by Devon Energy Production Company near Guthrie, OklahomaBrent crude oil steadied near $50 a barrel on Tuesday after the west's energy watchdog forecast a global supply glut would last through 2016 thanks to slowing demand growth. The International Energy Agency (IEA) said the world oil market would remain oversupplied for at least another year despite falls in output from non-OPEC producers. North Sea Brent crude was up 14 cents a barrel at $50.00 by 1230 GMT.

U.S. says Apple e-books antitrust monitor no longer needed
Tue, 13 Oct 2015 07:06:13 -0400
An Apple logo hangs above the entrance to the Apple store on 5th Avenue in the Manhattan borough of New York CityBy Nate Raymond NEW YORK (Reuters) - The U.S. Justice Department has determined that Apple Inc has implemented significant improvements to its antitrust compliance program and that a court-appointed monitor's term does not need extended, according to a court filing. The Justice Department in a letter filed late Monday in Manhattan federal court said its recommendation was despite Apple's "challenging relationship" with Michael Bromwich, who was named monitor after the iPad maker was found liable for conspiring to raise e-book prices. The Justice Department said its decision to not recommend extending the monitorship beyond its two-year term was "not an easy one," as Apple "never embraced a cooperative working relationship with the monitor." But the department said it was giving greater weight to Bromwich's "assessment that Apple has put in place a meaningful antitrust compliance program than to the difficult path it took to achieve this result." In the joint-letter to U.S. District Judge Denise Cote, Apple acknowledged its relationship with Bromwich was "rocky at times," but said it would continue to comply with its obligations.

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