- The Cosmopolitan on the Las Vegas Strip is hiring William McBeath to be the hotel-casino's new president and CEO after the property's $1.73 billion sale to Blackstone Group is complete.
- A U.S. official says federal investigators have now connected the Sony Pictures Entertainment Inc. hacking to North Korea and are expected to make an announcement in the near future.
- The cost of gasoline continues to drop. That no doubt means more money in your pocket just in time for the holidays. The trend should continue. The market closed December 16 with the price for a barrel of oil at $55.
- Caesars Entertainment Corp. officials say they won't make a $225 million interest payment due Monday on some of its debt as the company keeps negotiating with senior bondholders to restructure the company's finances.
Fed Sets Stage for Rate Hikes The Federal Reserve took a delicate step toward raising short-term interest rates in 2015, but at the same time exposed its skittishness about signaling a historic move away from easy-money policies.
Ruble Volatile Despite Intervention The ruble strengthened in afternoon trading after Russia’s central bank announced measures to shore up the country’s banks following another volatile day for the currency.
Ukraine Aims to Pass Budget Cuts, Reforms Ukraine’s government will pass fresh budget cuts and economic overhauls in the coming weeks in a bid to secure a broad new package of international assistance, the country’s new finance minister said.
Russia Moves to Help Lift Sinking Ruble A spiraling currency crisis, fueled by the bite of Western sanctions and the plummeting price of oil, spurred Russia’s central bank to raise interest rates late Monday, a drastic move aimed at shoring up the collapsing ruble.
US Business News
Can Wal-Mart Clerks Ship as Fast as Amazon Robots? Retailers’ answer to the threat of Amazon.com is something called ‘omnichannel’—an attempt to use one set of inventory and assets to fill all orders. Wal-Mart, Macy’s and Target are relying on the approach more heavily than ever this holiday season.
Fears Spread of Sony-Style Hack Damaging revelations from the computer assault on Sony are playing like a horror movie in executive suites, prompting companies to review security measures and reconsider what is said in an email.
Sony Pictures Runs the Show Sony Pictures’ struggles with hackers over the movie “The Interview” has demonstrated the movie studio’s relative independence from Sony headquarters in Tokyo.
Kraft Foods Announces CEO Change Kraft Foods said Chairman John Cahill will replace CEO Tony Vernon next week, saying the comany needs to change more quickly amid challenging food industry.
Macmillan, Amazon Reach New Deal Amazon.com and Macmillan have struck a new multiyear agreement covering the sale of print and digital books, assuring that Amazon will continue to sell and promote Macmillan titles during the holiday selling season.
U.S. Firms Examine Prospects of Cuba Trade The White House’s move to normalize ties with Cuba could give U.S. companies access to a market that’s been largely off-limits for more than a half century but has less commercial allure than it once did.
Ports Crisis Brings Commerce to Crawl Tommy Bahama and other retailers are a casualty of congestion snarling ports on the West Coast. The logjam in part stems from labor negotiations between port employers and workers.
AbbVie Pins Hopes on Hepatitis C Treatment AbbVie is hoping for regulatory approval this month of its first significant new drug product in a decade: a multidrug regimen for the liver disease hepatitis C. AbbVie currently relies on just one drug to generate 63% of its revenue: the anti-inflammatory drug Humira.
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 firstname.lastname@example.org.