You are here
Fox - News On Business
Updated: 1 day 12 hours ago
General Motors Co. announced a recall of 221,000 new cars worldwide over a fault with braking that could cause excessive heat and poor performance.
ExxonMobil announced on Friday it is winding down its drilling campaign in the Russian Arctic, due to sanctions announced by the U.S. and EU this month.
Welcome to Claman on Call. The markets might be closed, but FOX Business is always on call.
A U.S. appeals court on Friday dismissed an appeal by Citigroup and Argentina of a judge's order blocking the bank from processing payments on $8.4 billion in bonds issued under the country's local laws following its 2002 default.
Caterpillar said Friday that sales of its heavy machinery fell 10 percent in August on weaker results outside of North America.
Procter & Gamble is canceling an on-field breast cancer awareness promotion it had been planning with the National Football League, the latest sponsor to respond to the NFL's growing problems.
Fitch Ratings Inc. affirmed its Triple-A rating for the U.S., citing the nation's "unparalleled financing flexibility as the issuer of the world's pre-eminent reserve currency and benchmark fixed-income asset, and as home to the world's deepest and most liquid capital markets."
U.S. markets were mostly down on Friday, following the much anticipated Alibaba IPO, which saw shares of the Chinese e-commerce giant jump over 38% in its first day of trading. Markets had gained earlier after Scotland’s vote to remain part of the UK alleviated some volatility concerns, but slid lower in afternoon trading.
U.S. crude oil and Brent traded in opposite directions on Friday as a sell-off ahead of Monday's expiration kept U.S. prices down, while discussions of OPEC cutting output put strength into the market overseas.
National Football League Commissioner Roger Goodell said on Friday that rules governing personal conduct will change, signaling a major shift in policy in the wake of the league's poor handling of domestic abuse cases.
Housing data and a revised GDP number highlight next week’s economic calendar.
Developing: U.S. equities pared back gains made earlier in the trading day while the Chinese e-commerce giant soared after making its debut on the NYSE.
It costs the U.S. a lot of money to be the world’s cop. Should it be the only one?
The California State Teachers' Retirement System says it plans to increase its investments in clean energy and technology to $3.7 billion, from $1.4 billion, over the next five years.
Shares of Yahoo have turned tail, and were down 4.4% in in midday trade Friday as investors appeared to cash in on recent gains tied to Alibaba's IPO.
Prada SpA will open fewer stores than previously planned this year, the Italian luxury goods group said on Friday, after reporting a 21 percent fall in its first-half net profit.
A prototype of Tesla Motors Inc next model, the Model X, will likely be unveiled at the Detroit auto show, analyts at Goldman Sachs said in a note Friday.
They’re not getting divorced, but they’re still going to fight. Just because Scots decided to stick with the United Kingdom doesn’t mean all Scots are happy about it.
The Shreveport-Bossier casino market was Louisiana's biggest winner in August: the $71.2 million take at its riverboats and racetrack slots casino was up 6.4 percent from a year earlier.
Apple Inc's (NYSE:AAPL) latest phone lured throngs of gadget lovers, entrepreneurs and early adapters to its stores in New York, San Francisco and other cities around the world in the latest sign of strong initial demand for the new, larger generation of iPhones.