business

Rupert Murdoch and Wendi Deng Murdoch (AP Photo)

Rejected Fox bid for Time Warner shows growth mood

NEW YORK (AP) — Though rejected, a surprise bid by Rupert Murdoch’s Fox for entertainment rival Time Warner underscores that large media companies are in the mood for major consolidation. Time Warner Inc., which owns […]

07/16/2014

Employees head to work at American Apparel in Los Angeles. (AP Photo/Ric Francis, File)

American Apparel receives financing

NEW YORK (AP) — American Apparel Inc. announced late Wednesday it had reached a deal with investment firm Standard General to receive an investment of up to $25 million to bolster the clothing chain’s finances. […]

07/09/2014

A Wall Street street sign near the New York Stock Exchange, in New York. (AP Photo/Mark Lennihan, File)

Dow tops 17,000 after strong jobs report

NEW YORK (AP) — The Dow Jones industrial average jumped above 17,000 for the first time Thursday after the government reported a surge in hiring last month that was much bigger than investors and economists […]

07/03/2014

In this June 7, 2014 photo, Spain’s Andres Iniesta wears his Nike Magista cleats during warm-up before an exhibition soccer game against El Salvador, in Landover, Md. (AP Photo/Luis M. Alvarez, File)

Nike 4th quarter net income tops estimates

NEW YORK (AP) — Nike’s fiscal fourth-quarter net income rose 5 percent as higher revenue in most geographic regions offset heavy investments in marketing for the World Cup soccer tournament. Results for the March-May quarter […]

06/27/2014

A sign for Wall Street outside the New York Stock Exchange, in New York. (AP Photo/Mark Lennihan, File)

Stocks move lower on Wall Street, led by banks

NEW YORK (AP) — Stocks are closing lower on Wall Street, with banks posting some of the biggest declines. Barclays fell after New York’s attorney general sued the British bank, saying it misled large investors […]

06/26/2014

A sign for Wall Street is shown near the New York Stock Exchange. (AP Photo/Mark Lennihan, File)

Late slide erases an early gain in US stocks

NEW YORK (AP) — Stocks are closing lower after an afternoon slide erased early gains in major U.S. indexes. The market was slightly higher in the morning Tuesday following encouraging news on new home sales […]

06/24/2014

An entrance to a Wall Street subway station in New York. (AP Photo/Mark Lennihan, File)

Late recovery gives S&P 500 another record close

Investors remained in a record-setting mood Thursday. The Standard & Poor’s 500 index closed at an all-time high for the second time in two days and notched its fifth gain in five days. The Dow […]

06/19/2014

A television monitor at a trading post on the floor of the New York Stock Exchange shows the decision of the Federal Reserve, Wednesday, June 18, 2014. (AP Photo/Richard Drew)

Stocks close higher for 4th straight day

The Federal Reserve’s latest economic update reversed a listless slide for stocks Wednesday, propelling the Standard & Poor’s 500 index to another record-high close. The central bank’s statement reassure investors on two fronts: The Fed […]

06/18/2014

Sam Wright protests against Los Angeles Clippers owner Donald Sterling, outside Staples Center before Game 5 of the Clippers' opening-round NBA basketball playoff series against the Golden State Warriors on Tuesday, April 29, 2014, in Los Angeles. NBA Commissioner Adam Silver announced Tuesday that Sterling has been banned for life by the league for making racist comments that hurt the league. (AP Photo/Ringo H.W. Chiu)

NBA owners will meet to discuss Clipper ownership

LOS ANGELES (CNS) – A 10-member advisory/finance committee of NBA owners will meet tomorrow to begin discussing the steps required to force Donald Sterling to sell the Los Angeles Clippers. NBA Commissioner Adam Silver announced […]

05/01/2014

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