Business News

Nevada Gambling Revenue Falls in October

Posted: 11:34 AM - Nevada officials say the state's casinos earned less in October than they did a year ago dropping nearly 2.9 percent to $887.6 million for the month.

Fighting Online Fraud

Updated: 11:21 AM - People often use the Internet to seek out bargains this time of year. But those who use a smartphone or tablet to look for information should be aware there are likely to be people out there looking for YOUR information, too.

Super Bowl of Shopping Begins

Posted: 11/27/2015 - The Super Bowl of shopping has had an early start again this year, but most of the action is expected today.

Costco: FDA Tests Point Toward E. Coli In Salad Vegetables

Posted: 11/26/2015 - Costco officials say testing has pointed toward a vegetable mix from a California food wholesaler as the source of E. coli in the company's chicken salad that has been linked to an outbreak that has sickened 19 people in seven states.

California Demands Fixes For 16,000 More VW Cars

Courtesy: MGN Online
Posted: 11/26/2015 - California air quality regulators are demanding fixes for up to 16,000 additional Volkswagen, Audi and Porsche diesels as the Volkswagen Group emissions scandal widens.

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US Business News

  • BHP Shares Plunge as Brazil Warns of Lawsuit
    Shares in BHP Billiton Ltd. plunged after the Brazilian government said Friday it would sue the Anglo-Australian miner, its Brazilian partner Vale SA and their joint venture over a deadly dam failure earlier this month.
  • VTech Holdings: Data From 5 Million Customer Accounts Breached
    VTech Holdings Limited said that 5 million of its customer accounts were leaked in a data breach that accessed users’ names, birthdays and passwords but not their credit card or personal identification information.
  • U.K. Panel Proposes Tax on Sugary Drinks
    A panel of British lawmakers called for the introduction of a 20% tax on sugar-sweetened drinks, adding to mounting pressure on the U.K. government to introduce a levy on high sugar-content foods to help stop the spread of childhood obesity.
  • Japan Seeks Tech Revival With Artificial Intelligence
    Tiny Japanese artificial-intelligence startup Preferred Networks has attracted giants such as Toyota and Panasonic with its vision of a “deep-learning” future. Can it help the country restore its technological edge?
  • AB InBev Plans to Sell Grolsch, Peroni Brands
    Anheuser-Busch InBev plans to sell two of SABMiller’s best-known beer brands, Grolsch and Peroni, as the world’s largest brewer seeks to ease European regulatory concerns over its pending acquisition of its biggest rival.
  • IMF Adds Chinese Yuan as Lending-Reserve Currency
    Marking a milestone in China’s ascendancy as a global economic power, the International Monetary Fund added the Chinese yuan to its basket of elite reserve-lending currencies.
  • Fed Adopts Dodd-Frank Bailout Limits
    The Federal Reserve adopted a new rule restricting its ability to lend money to financial institutions in a crisis in an attempt to ease concerns from lawmakers who worry about the central bank’s unchecked power to pump money into the financial system.
  • Pending Home Sales Rise 0.2% in October
    An index measuring pending home sales—a gauge of purchases before they become final—rose 0.2% to a seasonally adjusted reading of 107.7 in October, the National Association of Realtors said Monday.
  • Divergent Paths for Fed and ECB
    Developments in the U.S. and Europe this week are set to widen the gap between the likely path of interest rates in the two regions and add to currency-market turbulence that has produced a 12% increase in the value of the dollar against the euro since the start of the year.
  • U.S. Restricts Raising Cap on Federally Backed Mortgages
    Home prices continue to climb, but the U.S. government is keeping a lid on the size limit for federally backed mortgages, posing problems for home buyers in many pricey markets.
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