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Archive: (18 Stories)

Chinese stocks swing wildly after computer error

08/16/2013 4:51am
Chinese stock prices swung wildly Friday after a brief trading frenzy blamed on a brokerage's computer error.

US worker productivity up modestly in April-June

08/16/2013 7:08am
U.S. worker productivity accelerated to a still-modest 0.9 percent annual pace between April and June after dropping the previous quarter.

Cadillac shows off big two-door coupe concept car

08/16/2013 8:16am
Cadillac is showing off a low-lying two-door coupe that likely is the prototype for the brand's re-entry into the big, elegant and expensive luxury car market.

Moller-Maersk shares surge on container unit gain

08/16/2013 9:33am
Denmark's shipping and oil group A.P. Moller-Maersk saw profits at its container unit nearly double in the second-quarter, contributing to a big rise in the company's share price.

6 tips to weigh the best resale home improvements

08/16/2013 10:29am
A rebound in the housing market has made homeowners more willing to invest in renovations that could boost the value of their homes even more in a rising market.

Canada hearing begins on tycoon Conrad Black

08/16/2013 10:38am
Former media tycoon Conrad Black's legal battle with the Ontario Securities Commission will continue in October, but his lawyer said Friday he's considering filing a request to have the proceedings stopped.

Sophiris Bio shares slump in debut

08/16/2013 10:50am
Shares of Sophiris Bio Inc. tumbled Friday after the drug developer slashed the price of its initial public offering while boosting the number of shares being sold.

Smart Spending: Back-to-school shopping 101

08/16/2013 11:03am
The back-to-school shopping season is kicking into high gear, but stores have been pushing it for a month. They're working hard to get parents to spend, spend, spend on notebooks, computers, clothes and other student needs.

Merck suspends sales of cattle feed additive

08/16/2013 11:54am
Merck is suspending sales of its cattle feed additive Zilmax in the U.S. and Canada while it studies a possible link between Zilmax and lameness in cattle.

Penney and Ackman sign pact on share sales

08/16/2013 12:03pm
J.C. Penney Co. and its largest shareholder, William Ackman, have made a deal that sets terms for allowing him to unload his stake in the company in an orderly manner.

SEC approves $8B sale of NYSE parent to ICE

08/16/2013 12:24pm
U.S. regulators have approved the proposed $8 billion sale of the venerable New York Stock Exchange to a much younger futures exchange. The deal is a symbol of how financial markets are being increasingly reshaped by high technology.

Fed expects to get $440M in fees from 70 firms

08/16/2013 1:53pm
The Federal Reserve says it expects to collect $440 million in fees from 70 big banks and other financial firms to help cover its costs of supervising them.

Power companies dangle free nights and weekends

08/16/2013 2:40pm
Electric bills have long been take-it-or-leave-it affairs: Pay one rate for all the power you used the month before, no matter when you used it.

GM recalls nearly 293,000 Cruzes for brake problem

08/16/2013 3:00pm
General Motors Co. is recalling nearly 293,000 Chevrolet Cruze compact cars in the U.S. because the power-assisted brakes can fail.

Teamsters drop bid for American Airlines workers

08/16/2013 3:42pm
The Teamsters dropped a bid to push aside another union and represent about 11,000 aircraft mechanics and other workers at American Airlines.

US Steel names new CEO and other top executives

08/16/2013 3:48pm
United States Steel Corp. says one of its top executives will take over as its new CEO in September as long-time leader John Surma transitions into retirement.

Companies halt operations amid violence in Egypt

08/16/2013 4:30pm
A number of international companies have suspended operations in Egypt as three days of violent street battles make the streets of Cairo unsafe.

JPMorgan Chase to pay $23M to settle dispute

08/16/2013 4:38pm
JPMorgan Chase & Co. has agreed to pay $23 million to settle claims that it mishandled pension fund money by investing with Lehman Brothers.