Business News

J&J to Spend $200M on Ebola Program

Posted: 4:57 AM - Johnson & Johnson will start safety testing in early January on a vaccine combination that could protect people from a strain of the deadly Ebola virus.

Businesses Fear Margin Tax

Posted: 10/21/2014 - Ahead of the election, businesses are warning about the dangers of Question 3.
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Michigan Governor Aims To Alienate Tesla

Updated: 10/21/2014 - Gov. Rick Snyder has signed into law tighter restrictions to prohibit electric car maker Tesla Motors from selling vehicles in Michigan.

What You Need to Know About Apple Pay

Posted: 10/21/2014 - If you have an iPhone 6 or 6+, shopping just got a lot easier. Starting Monday, you can start using Apple Pay at more than 220,000 stores nationwide.
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California Lottery Sales Top $5B for First Time

Posted: 10/19/2014 - California Lottery officials say they have had a winning year with annual ticket sales surpassing $5 billion for the first time in the state lottery's 30-year history.

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Economic News

  • Low Inflation, Flatter COLA: Social Security Benefits to Get 1.7% Bump
    Tens of millions of elderly and disabled Americans will see a small bump in their Social Security payments next year, another reflection of a sluggish economic recovery that has kept inflation low.
  • 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.
  • U.S. Agencies Approve Relaxed Mortgage-Lending Rules
    Three U.S. agencies signed off on relaxed mortgage-lending rules, helping complete a long-stalled provision of the 2010 Dodd-Frank financial law.
  • Despite Riches, Venezuela Starts Food Rationing
    The government in Caracas rolls out fingerprint scanners to limit purchases of basic goods, infuriating consumers, amid a shortage of products.
  • 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?
  • China's Slowdown Raises Pressure on Beijing
    Analysis: China’s economic slowdown is widely expected to continue into next year, increasing pressure on Beijing to take more powerful measures to spur growth.
  • China Growth Slowest in Five Years
    China’s economy grew at its slowest pace for five years in the third quarter, suggesting the government’s targeted easing measures to boost economic growth haven’t yielded expected results.
  • U.S. to Expand Student Loan Access
    The federal government will expand access to student loans to more Americans with poor credit histories under new rules to be announced by the Obama administration Wednesday.

US Business News

  • Air Bag Recalls Trigger New Scrutiny
    A suddenly expanded recall of air bags is turning into a new safety crisis for the auto industry and intensifying scrutiny of U.S. regulators’ ability to oversee auto makers and their suppliers.
  • Clouds Darken for Blue Chips
    Blue-chip companies are posting poor growth as their once-reliable formulas for success left them too big to switch tack quickly when market conditions changed.
  • Free Shipping Is Going to Cost You More
    Retailers including Amazon, Best Buy and Gap are boosting the amount online shoppers must spend to qualify for free shipping, hoping to cover the growing cost of providing the perk.
  • Fracking Firms: Victims of Their Own Success
    The fracking surge in Pennsylvania’s Marcellus Shale has caused gas prices to crater, forcing drillers to re-evaluate operations.
  • Luxottica Names P&G Veteran as Co-CEO
    Luxottica named a P&G veteran as a co-CEO on Wednesday, seeking to put an end to a month of turmoil caused by the return of founder Leonardo Del Vecchio to active management of the world’s largest eyewear group.
  • P&G Narrows Field For CEO Succession
    Procter & Gamble shook up its senior management ranks, naming new leaders for key businesses and narrowing the field of potential successors to CEO A.G. Lafley.
  • CICC Chairman Resigns
    The chairman of China International Capital Corp has resigned, marking the second top management change in less than two weeks.
  • Ex-Im Bank's Uncertain Future Worries Small Firms
    A decision by Congress to extend the Export-Import Bank only temporarily is raising concern among business owners who say they rely on the credit agency to lower the risks of exporting.
  • AT&T Lowers Revenue Outlook
    AT&T lowered its revenue outlook for the year, pointing to fewer-than-expected sign-ups for its no-contract Next wireless plans that require customers to pay full price for their smartphones.
  • Total Names Patrick Pouyanné CEO
    Total named refining and chemicals head Patrick Pouyanné as its new chief executive after the death of Christophe de Margerie in a Moscow plane crash.
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