Posted: 4:11 AM
- Last week Rounds bakery received a cease and desist letter from a law firm representing Dominique Ansel Bakery, the bakery that trademarked the name "cronut." The co-owners at Rounds took to Twitter to issue their apology.
- The number of people applying for U.S. unemployment benefits rose last week after falling to a 14-year low the previous week. Despite the increase, weekly applications remain at historically low levels that suggest hiring is gaining steam.
New-Home Sales Rise 0.2% New-home sales rose slightly in September after surging in August, hitting their fastest pace of the recovery despite downward revisions to sales during the summer months.
Spain's Recovery Continues Spain’s economy grew an estimated 0.5% and added 151,000 jobs in the third quarter, driven by a strong summer tourist season, lower borrowing costs and confidence that one of the eurozone’s strongest recoveries is still on track.
France, Italy Take Austerity Fight to Brussels European Union leaders staked out opposing positions on austerity ahead of a summit here, where France and Italy will attempt to fend off pressure from the bloc’s budget hawks to cut their deficits faster.
Russian Economy Stalls Russia’s economy—battered by Western sanctions and falling prices for oil, its main export—stalled in September even as inflation hit the highest levels in months, data showed Wednesday.
Global Growth Woes Threaten to Beset U.S. Economy Another bout of weakening global growth is buffeting a U.S. economy that has faced five years of uneven growth, raising a crucial question: Can the U.S. pull the rest of the world through a slow patch or will sluggish global growth hobble the recovery?
US Business News
Amazon Stumbles on Spending Amazon’s soaring ambitions are coming at a steep cost, dragging the e-commerce giant to its largest quarterly loss in 14 years.
Indonesia Plays Legal Hardball Indonesian prosecutors are increasingly bringing criminal charges against employees of large companies for allegedly causing losses to the state, a development that is chilling the business community there.
P&G to Shed Duracell P&G said it plans to exit its Duracell business, with plans to carve off the leading battery brand with $2 billion in global sales into a separate company. The plan was announced as P&G reported flat sales and a 34% profit drop for its fiscal first quarter.
Apple iTunes Sees Drop in Music Sales Digital music sales at Apple iTunes store have fallen 13% to 14% world-wide since the start of the year, according to people familiar with the matter, underscoring the fragility of the music industry’s nascent recovery.
Ford's Profit Falls 34% Ford said third-quarter income fell 34% from a year ago to $835 million as lower truck production and higher warranty and recall costs hurt results in its core North American operations and losses in Europe widened.
U.S. to Name New Auto-Safety Chief The Obama administration is close to naming a permanent top auto-safety regulator amid criticism of the agency’s handling of large air-bag recall, which an administration official on Friday called “suboptimal.”
UPS Growth Fueled by Increase in Shipments in U.S. and Abroad United Parcel Service Inc. reported robust third-quarter growth, fueled by an increase in package shipments both in the U.S. and abroad and the strongest increase in domestic business-to-business deliveries in several years, signaling a strengthening U.S. economy.
Viewers with disabilities can get assistance accessing this station's FCC Public Inspection File by contacting the station with the information listed below. Questions or concerns relating to the accessibility of the FCC's online public file system should be directed to the FCC at 888-225-5322, 888-835-5322 (TTY), or email@example.com.