Business News

Bacterium in Baby Wipes Prompts Recall

Posted: 10/27/2014 - The Food and Drug Administration is sending out a warning to parents to check the brand of baby wipes they are using, especially if you buy them from major retailers like Walgreens or Sam's Club.

McCarran Traffic Up in September

Posted: 10/27/2014 - Officials say passenger traffic at McCarran International Airport jumped 2.7 percent in September compared with a year earlier.

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Economic News

  • Fed Closes Chapter on Easy Money
    The Federal Reserve said it would end its long-running bond-purchase program, concluding a historic experiment that stirred disagreement among policy makers, economists and investors about its impact.
  • U.S. Third-Quarter GDP Expands at 3.5% Rate
    The U.S. economy expanded steadily again during the third quarter, a sign of sustained growth fueled by American consumers and businesses despite mounting concerns about the health of overseas economies.
  • Jobless Claims Remain at Historically Low Levels
    The number of new claims for jobless benefits rose last week but remained at historically low levels, supporting other signals of an improving labor market.
  • Economy Stokes Anger at Governors
    Despite rising consumer confidence, Republican and Democratic governors are struggling in Florida, Colorado, Michigan and Connecticut.
  • Sanctions Are Seen Hurting Moscow
    The European Union estimates its sanctions on Russia will only have a modest impact on the bloc’s economy this year and next but will slice 1.1 percentage points off Russia’s growth rate next year.
  • N.Y. Fed Tweaks Interest-Rate Tool
    The Federal Reserve Bank of New York announced a series of important changes in how it uses a tool designed to help it control short-term interest rates.
  • U.S. Earnings Reassure Investors but Growth Lags
    America’s companies have a message for markets: Don’t panic yet. Though growth remains weak, the largest U.S. companies as a group are reporting better earnings for the third quarter, thanks in part to discreet pockets of strength across the world.

US Business News

  • Mars Inc.: Chocolate Minus Wall Street
    A peek inside Mars Inc.’s Topeka factory offers insight into how the secretive, closely held rival to Hershey tries to manage its agglomeration of businesses.
  • Sanofi Fires CEO as Tensions Boil Over
    The French drug maker dismissed Christopher Viehbacher because of his uncommunicative management style, the chairman said.
  • Apple Looks to Sell iPhone in Iran
    Apple is in preliminary contact with Iranian distributors about possibly selling the iPhone in the country. Iran has 77 million people, but the market is fraught with obstacles.
  • Wal-Mart Weighs Matching Online Prices at Stores
    Wal-Mart is testing a program to match online prices from rivals like Amazon this holiday season, a move that could make the discounter more competitive but cut into profits.
  • Energy Boom Can Withstand Steeper Oil-Price Drop
    Oil prices would need to fall at least another $20 a barrel to choke off the U.S. energy boom, industry experts say, though some smaller American producers would face serious problems from a more modest decline.
  • Shell Posts Rise in Profit
    Royal Dutch Shell reported a rise in third-quarter earnings, with increases in both upstream and downstream, despite falling oil prices.
  • Time Warner Cable Profit Drops
    Time Warner Cable Inc., still awaiting regulatory approval for its deal to be bought by larger peer Comcast Corp., said its third-quarter profit fell 6%, missing expectations, as the company lost subscribers.
  • Samsung Electronics Third-Quarter Profit Falls
    Samsung Electronics’ quarterly net profit nearly halved, as its mobile business continued to lose ground to low-cost Chinese smartphone makers—a rivalry that is expected to intensify.
  • Computer Spies Target GE, Siemens
    Computer spies targeted control systems made by General Electric and Siemens for water and energy companies since at least 2011, the Department of Homeland Security said Wednesday.
  • WWE Drops Multimonth Committment for Video Subscription
    World Wrestling Entertainment is removing a six-month commitment requirement from its WWE Network video service, a move it hopes will boost subscriptions.
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