Business News

$70M Grant For Biofuels Plant Planned East of Reno

Posted: 3:24 PM - A California-based biofuel company building a plant east of Reno has been awarded a $70 million grant from the U.S. Department of Defense to help speed delivery of its high-tech process that converts household garbage into jet fuel.

King Fire Impacts Local Nuptials

Posted: 2:39 AM - Local football games, soccer games and school recesses all have been impacted by smoke from the King Fire. But the smoke could change the schedules of events you probably haven't thought of. Some couples will be looking at the skies this weekend and crossing fingers.

Alibaba Prices IPO at $68 Per Share

Posted: 09/18/2014 - Chinese e-commerce powerhouse Alibaba priced its initial public offering of stock at $68 per share on Thursday, the top end of the expected range.

Stocks Hit Record Highs

Posted: 09/18/2014 - The U.S. stock market is closing at record highs following another piece of good news on the economy.

Applications for US Jobless Benefits Fall

Updated: 09/18/2014 - The number of people applying for U.S. unemployment benefits dropped by a sharp 36,000 last week to a seasonally adjusted 280,000, a sign that the job market is strengthening.

Hyundai Motor to Pay $9.6B for Gangnam Land

Posted: 09/17/2014 - A consortium led by Hyundai Motor Co. has offered 10 trillion won ($9.6 billion) for land in Seoul's tony Gangnam district where it will build a new headquarters.

Nevada Official Says $50M Lehman Bond Loss Averted

Updated: 09/17/2014 - A Nevada official says a go-slow approach helped recoup $50 million in state funds that some feared was lost when investment firm Lehman Brothers filed for bankruptcy during the Great Recession.

More Business News

Economic News

  • Fed Rate-Hike Tool Stirs Some Concern
    Federal Reserve Chairwoman Janet Yellen spent months devising a strategy for managing short-term interest rates. Two days after the plan's release, some market participants warn the new approach may have flaws.
  • The Penny May Not Be From Heaven
    The U.S. Mint makes billions of new one-cent coins every year—more than any other denomination. But the penny costs more than its face value to produce.
  • Household Wealth Hits Record
    Americans' wealth hit the highest level ever in the second quarter amid a rise in stock and home prices, prompting consumers to ramp up their borrowing—a development that could boost the economic recovery.
  • Affordable Homes Drive Rebound in Exurbia
    The exurbs are starting to make a comeback, signaling that the housing market's recovery is slowly spreading beyond major cities and their suburbs.
  • Jobless Claims at Second-Lowest Level in 14 Years
    The number of new applications for unemployment benefits dropped last week to near postrecession lows, the latest indication layoffs are trending sharply lower amid generally improving economic conditions.
  • Fed Plots Cautious Course on Rate Hikes
    The Federal Reserve took two steps toward winding down the historic easy-money policies that have defined its response to the financial crisis but stopped short of the move markets are awaiting most: signaling when interest rates will start to rise.

US Business News

  • Once Again, Oracle Must Reinvent Itself
    Larry Ellison's departure as CEO intensifies the central issue surrounding Oracle's future: Can it endure tectonic shifts that are reshaping its market?
  • Boeing Faces a Future Without Fighter Jets
    Aerospace giant Boeing is preparing to shift away from fighter jets as orders dry up, leaving a company with a rich military history without a fighter and ceding the market to Lockheed.
  • Why Taylor Swift and One Direction Play for Peanuts
    The iHeartRadio Music Festival is expected to draw some 20,000 fans to Las Vegas this weekend—but it won't be much of a payday for the headlining acts, including Taylor Swift and One Direction.
  • Alibaba Debut Makes a Splash
    Alibaba shares surged 38% to $93.89 in their market debut, making the Chinese e-commerce giant one of the most valuable companies in the U.S.
  • Glaxo Guilty of Bribery in China
    GlaxoSmithKline said a Chinese court found its subsidiary guilty of bribery, and fined the company nearly $500 million, in what Chinese state media said was the largest ever corporate fine.
  • Energy Future Opens Oncor Bidding
    Energy Future Holdings opened the bidding to the firm's rights to Oncor, a Texas transmission business, after filing proposed rules Friday with the U.S. Bankruptcy Court overseeing its Chapter 11 case.
  • GM Told to Open Defect Files
    Hundreds of car owners suing General Motors over an ignition-switch flaw got a boost when a New York judge ordered the auto maker to turn over internal documents about its handling of the defect to plaintiffs' attorneys.
  • NFL Seeks to Redo Conduct Policies
    NFL Commissioner Roger Goodell proposed a new conduct committee and seemed open to relinquishing some disciplinary power in response to a domestic-violence scandal that has swirled around his league for two weeks.
  • ITT Under Scrutiny from Two Agencies
    Troubles in the nation's for-profit college industry accelerated on Friday as ITT Educational Services Inc. disclosed that two federal agencies have placed the struggling education company in their cross hairs.
  • Home Depot Breach Bigger Than Target's
    Home Depot said 56 million cards may have been compromised in a five-month attack on its payment terminals, making the breach much bigger than the holiday attack at Target.
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