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September 2nd, 2014
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Archive: News / Biz / Business & Finance (26 Stories)

Honda recalls Odyssey, Acura MDX for airbag defect

09/19/2013 4:23am
Honda Motor Co. said Thursday it is recalling 318,000 Odyssey minivans in the U.S. and 63,400 Acura MDX sport-utility vehicles in several nations for an airbag defect.

EU study: $267 billion lost annually in VAT take

09/19/2013 5:45am
A European Union study says the bloc's 28 member nations may be losing almost 200 billion euros ($267 billion) annually in value-added tax revenues due to tax evasion and a lack of enforcement.

Tom Yunt named Wick Communications' president, CEO

09/19/2013 7:35am
Tom Yunt has been named president and chief executive officer of Wick Communications Co., which publishes 28 newspapers and 18 specialty publications in 12 states.

Census: No sign of economic rebound for many in US

09/19/2013 8:03am
Even as the economy shows signs of improvement and poverty levels off, new U.S. census data suggests the gains are halting and uneven. Depending on education, race, income and even marriage, not all segments of the population are seeing an economic turnaround.

Lufthansa splits big order between Boeing, Airbus

09/19/2013 8:22am
German airline Lufthansa is ordering 34 new jets from Boeing and 25 from European rival Airbus as it updates its long-haul fleet to make it more fuel efficient and lower costs.

Amazon workers strike in Germany

09/19/2013 9:16am
Workers at two Amazon.com Inc. distribution centers in Germany have walked off the job in an ongoing dispute over wages with the American online retailer.

Acceleron Pharma climbs on 1st day of trading

09/19/2013 10:01am
Shares of Acceleron Pharma are surging after the drug developer said its initial public offering priced at the high end of estimates.

Fed sparks a debate: When to reduce stimulus?

09/19/2013 10:14am
The Federal Reserve's decision to postpone any pullback in its economic stimulus immediately ignited a debate: Was the Fed right or wrong to delay the inevitable?

News Summary: Lufthansa dials up Boeing, Airbus

09/19/2013 10:21am
SPLIT DECISION: German airline Lufthansa is ordering 34 jets from Boeing and 25 from European rival Airbus as it updates its long-haul fleet to lower costs and make it more fuel efficient.

5 tips on selling a home on your own

09/19/2013 11:37am
Jeremy Magelky had three things going for him when he set out to sell his home.

Smart Spending: Navigating supermarket meat labels

09/19/2013 11:42am
Browsing the meat section at the supermarket, labels abound for organic meat, kosher meat and meat raised without antibiotics or hormones.

JPMorgan to pay $389M over misleading ID service

09/19/2013 11:55am
Federal regulators have ordered JPMorgan Chase to pay $80 million in fines and about $309 million in refunds for billing customers for identity theft protection they never received.

JPMorgan pays $920M, admits fault in trading loss

09/19/2013 12:05pm
JPMorgan Chase & Co. will pay $920 million and has admitted that it failed to oversee trading that led to a $6 billion loss and renewed worries about serious risk-taking by major banks.

Wells Fargo to lay off 1,800 mortgage employees

09/19/2013 12:53pm
Wells Fargo plans to lay off an additional 1,800 employees from its mortgage department, after cutting about 2,300 jobs from the same unit in August.

FDA, NIH create 14 centers to do tobacco research

09/19/2013 1:12pm
The Food and Drug Administration and the National Institutes of Health are awarding millions in funding to create 14 centers to conduct research on tobacco products.

Only some mutual fund managers invest in their own

09/19/2013 1:12pm
Would you eat at a restaurant where the chefs didn't eat their own cooking? Would you have joined the Hair Club if the president weren't also a client? Then why would you invest in a mutual fund where the managers don't put their own money alongside yours?

A look at JPMorgan's other legal issues

09/19/2013 1:41pm
JPMorgan Chase will pay $920 million in fines for failing to oversee risky trading strategies that led to a huge loss last year. The London Whale settlement, one of the costliest ever for a bank, isn't the only legal issue JPMorgan must deal with. Here's a rundown:

Fed message a boon for stocks, not for job seekers

09/19/2013 2:02pm
The Federal Reserve's decision to maintain the size of its economic stimulus could be a gift for car and home buyers, for Americans with 401(k) accounts and perhaps for developing economies.

News Summary: Media industry sounds piracy alarm

09/19/2013 2:58pm
BLAMING GOOGLE: The music and movie industries are again warning on online piracy, saying illegal downloads are on the rise and search engines like Google aren't doing enough to stop them.

Ecuador, Argentina presidents discuss energy plan

09/19/2013 4:14pm
Ecuadorean President Rafael Correa is meeting with President Cristina Fernandez during his trip to Buenos Aires amid concerns that his new campaign against Chevron Corp. could harm relations between the two countries.

Prudential loses appeal to shed gov't oversight

09/19/2013 4:21pm
Prudential Financial has lost its appeal to shed greater government oversight, after regulators made a final decision that the insurer is one of a group of financial companies so big that they could threaten the financial system if they were to fail.

New York Times Co. reinstates dividend

09/19/2013 4:31pm
The New York Times Co. is resuming its quarterly dividend, four years after the publisher eliminated the payout during the financial crisis.

Pratt & Whitney, Rolls-Royce call off venture

09/19/2013 4:37pm
Pratt & Whitney and Rolls-Royce are ending a joint venture to develop engines for mid-size aircraft, citing in part the current regulatory environment.

Consumers making mortgage payments priority again

09/19/2013 4:59pm
The steady rise in U.S. home values is increasingly motivating homeowners to make paying their mortgage on time a priority, according to a new study.

Unilever expanding West Tenn. ice cream factory

09/19/2013 5:04pm
Consumer products supplier Unilever said Thursday it is investing $108 million to expand operations at a West Tennessee factory that makes ice cream under the brand names Breyers, Klondike, Good Humor and Popsicle.

Ecuador, Argentina meet amid energy concerns

09/19/2013 5:12pm
Ecuadorean President Rafael Correa met with his Argentine counterpart Cristina Fernandez during a trip to Buenos Aires on Thursday amid concerns that his new campaign against Chevron Corp. could harm relations between the two countries.
 
   
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