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Stocks Slide as Ukraine Fears Overshadow Apple Earnings

1 hour 36 min ago
Stocks turned lower on Thursday, as concerns about escalating tension between Russia and Western powers over Ukraine overshadowed Apple's blockbuster earnings and better-than-expected orders for manufactured goods.
Categories: Business News

Ronald McDonald Loses Jumpsuit and Joins Twitter

2 hours 7 min ago
The clown is getting a makeover. Ronald McDonald is ditching his iconic yellow jumpsuit, and for the first time ever, joining social media.






Categories: Business News

Good News, Bad News: Manufacturing Orders Up, Jobless Claims Too

2 hours 23 min ago
The number of Americans filing new claims for unemployment benefits increased more than expected last week, but the rise probably does not suggest a shift in labor market conditions as the underlying trend continued to point to strength.






Categories: Business News

GM First-Quarter Profit Shaved by Recall Costs

3 hours 56 min ago
A series of massive recalls has sliced GM's profit by 86 percent in the first quarter.The company is embroiled in a wide-ranging controversy over an ignition problem in nearly 3 million cars, linked to at least 13 deaths.






Categories: Business News

GM Expects Sharp Earnings Drop

Wed, 04/23/2014 - 19:07
General Motors is likely to report a big hit to earnings Thursday as it continues to work through its ongoing recall problems.Industry analysts forecast GM would deliver a meager 9 cents per share in earnings for the first three months of 2014.






Categories: Business News

Facebook's Mobile Ads Surge, CFO to Step Down

Wed, 04/23/2014 - 18:36
Facebook's mobile advertising business continued to accelerate in the first three months of the year, helping the Internet social networking company top Wall Street's revenue target.Shares of Facebook were up nearly 3 percent at $63.05 in after-hours trading Wednesday.






Categories: Business News

Facebook Beats Estimates, CFO to Step Down

Wed, 04/23/2014 - 16:16
Facebook's stock first dropped, then rose, after the company reported earnings that beat investor expectations Wednesday.Chief Financial Officer David Ebersman also said he would step down from the company on June 1, to be succeeded by David Wehner, former CFO of Zynga.






Categories: Business News

Apple Profit Beats Forecast, Splits Shares and Boosts Dividend

Wed, 04/23/2014 - 16:16
Apple posted quarterly earnings and revenue that topped estimates Wednesday and announced a 7-for-1 stock split and an 8-percent dividend increase.The news sent Apple stock soaring over 7 percent in after-hours trading.The company reported earnings of $11.62 a share, on revenue of $45.6 billion.
Categories: Business News

Graduate Students, We Want to Hear From You

Wed, 04/23/2014 - 15:45
Current and former graduate students, we want to hear from you for an upcoming project.When you were faced with the tuition for your graduate program, did you opt to take out loans to get you through? Why or why not?






Categories: Business News

Zynga Founder Mark Pincus Steps Down From All Operational Roles

Wed, 04/23/2014 - 15:45

Pincus, who founded the social gaming company in 2007, will no longer have employees under his purview.








Categories: Business News

Apple Profit Beats Forecast, Splits Shares 7-for-1

Wed, 04/23/2014 - 15:45
Apple posted quarterly earnings and revenue that topped estimates Wednesday, and announced a 7-for-1 stock split.The company reported earnings of $11.62 a share, on revenue of $45.6 billion. Analysts expected the company to report earnings excluding items of $10.18 a share on $43.






Categories: Business News

Facebook CFO David Ebersman is Stepping Down

Wed, 04/23/2014 - 15:29

David Ebersman -- the CFO who took Facebook public and attracted scrutiny for its rocky initial ride -- is departing the company later this year.








Categories: Business News

Stocks Slip, Close Down on Earnings, Drop in New Home Sales

Wed, 04/23/2014 - 15:29
Stocks slipped on Wednesday, with Wall Street retreating after a sixth day of gains for the S&P 500 and Nasdaq, after data had new home sales declining and companies including Boeing and AT&T reported quarterly results.






Categories: Business News

Worsening China Factory Strike Threatens Adidas, Nike Sneakers

Wed, 04/23/2014 - 15:29
BEIJING - A wage dispute at a huge sneaker factory that supplies brands including Adidas and Nike escalated Wednesday, highlighting the growing problems faced by China’s manufacturing powerhouse.Workers at the plant – owned by the world's largest maker of sneakers, Yue Yuen – earn as little as $1.






Categories: Business News

New Zealand Is a Travel Hotspot for Chinese Tourists

Wed, 04/23/2014 - 14:28
New Zealand topped a list of 22 nations as Chinese tourists' favorite destination for the first time, according to a survey by the China Tourism Academy.The quarterly poll measures travelers' satisfaction across key indicators including public services, environmental conditions and security.






Categories: Business News

Getting Value for Money in Your Taxes? See How The States Rank

Wed, 04/23/2014 - 14:28
It's not only Uncle Sam that needs money. State governments also collect tax revenues—even the seven that don't have a state income tax. But some of them do a better job at giving taxpayers a bang for their buck—or to put it into Wall Street terminology, give better return on investment or ROI.






Categories: Business News

Aston Martin Signed by Michael Jordan, Other Greats, Up for Bids

Wed, 04/23/2014 - 14:12
When spending six figures or more on a luxury sports car, most buyers inspect every inch to make sure there are no marks on it, but this 2002 Aston Martin Vanquish is the ultimate exception to that rule — the more marked up, the more valuable it is.






Categories: Business News

Cost of Attending a Wedding Surges 75 Percent

Wed, 04/23/2014 - 12:54
Bouquets aren't the only thing flying high at weddings this year. A new American Express study finds the average cost to attend a wedding is surging to $592, up 75 percent from two years ago.That doesn't even include the cost of gifts.






Categories: Business News

Flying in Style: Book a Room on the Four Seasons' Private Jet

Wed, 04/23/2014 - 12:39
Four Seasons has a new weapon in the luxury travel wars: its own Boeing 757.The Toronto-based luxury resort company said Wednesday that it's launching the first Four Seasons-branded private jet.






Categories: Business News

Facebook Gets U.S. Antitrust Approval to Buy Oculus

Wed, 04/23/2014 - 11:37
Social network giant Facebook Inc has won U.S. antitrust approval to buy Oculus VR Inc, a two-year-old maker of virtual reality goggles, the Federal Trade Commission said on Wednesday.Facebook said on March 25 that it planned to buy Oculus for $2 billion in its first-ever hardware deal.
Categories: Business News