Stories about Business

Nov 05 2016

Buffett's firm's 3Q profit drops 24 pct on investments value

The more actively traded class B shares sat nearly flat in afterhours trading after falling 0.5% to $142.85 during regular market hours. Operating earnings, however, edge...

Nov 05 2016

Company aims to restart pipeline as early as this weekend

The pipeline's operator, Colonial Pipeline , is just beginning the process of excavating and draining the damaged section of pipe. The Colonial Pipeline Co.is optimist...

Oct 31 2016

Houston RB Miller expects to play against Lions

Despite similar records, the Texans sit alone in first place in the AFC South while the Lions are in third place in the tough NFC North. Stafford and the Lions are also t...

Oct 29 2016

Tesla turns profit, Musk says no new capital needed for Model 3

The Model 3 will roll out in the second half of 2017. It is the first quarter since the initial three months of 2013, that Tesla has made a profit - which, until now,...

Oct 28 2016

US goods orders dip in September with investment down

On Friday, the Commerce Department will issue its first estimate of third-quarter GDP. Military aircraft and parts orders were especially weak, shrinking 44.8% month-on...

Oct 26 2016

New Trump Luxury Hotels Dropping His Name, Will Be Called 'Scion'

Immediately following the release of the "Access Hollywood" tape, consumers' perception of the Trump brand tanked, according to a survey by Brand Keys. For their part, ...

Oct 26 2016

Volkswagen's $14.7 Billion Buyback Deal on Emissions Scandal Approved

The buy back option also includes potential cash payments of $5,100 to $10,000 for some. Breyer wrote that the priority was to get the cars off the road as soon as poss...

Oct 25 2016

Another bid from China for United States hotel; $6.5B for Hilton stake

Earlier this year, Hilton announced around 70 percent of its hotel properties would be spun off into a publicly-traded real estate investment trust. This latest move by...

Oct 24 2016

Oil Gains After EIA Reports Strong Draw To Crude Inventories

West Texas Intermediate (WTI) crude oil futures stood at $50.85 per barrel, 1.1 percent up from the last settlement. As per the report, the energy prices, which include...

Oct 22 2016

British American Tobacco offers to buy Reynolds in $47B deal

It is offering $47 billion (43 billion euros), $20 billion (18.4 billion euros) in cash and the rest in shares. According to the reports, the London based giant is ...

Oct 21 2016

Trading rebound fuels Morgan Stanley

After sluggish trading activity and losses in its Asia private-equity arm previous year resulted in a shocking third quarter for Morgan Stanley , this will be taken by t...

Oct 21 2016

National Pension Service buys $47993114 stake in U.S. Bancorp (USB)

The ratio dived, as 60 funds sold all U.S. Bancorp shares owned while 406 reduced positions. Piermont Capital Management Inc. raised its position in shares of United Fina...

Oct 21 2016

Energy Transfer Equity, L.P. (NYSE:ETE) Stock Rises, Analysts: Hold Rating

Institutional investors and hedge funds own 58.99% of the company's stock. "Several other research firms also recently weighed in on EEP". The stock of Energy Transfer ...

Oct 19 2016

Crude oil price dips as IEA reports supply increase

Such a consensus had eluded the cartel all these years even as oil prices crashed from a high of $120 per barrel levels in 2011-12 to a low of less than $30 last year (cu...

Oct 19 2016

French court rejects bid to halt Calais camp demolition

Photographer Danny Burrows has spent the past two years in Calais, documenting the plight of children whose parents have fled the war in Syria and strife in Iraq. Former ...

Oct 19 2016

Netflix (NFLX) Jumps on Q3 Earnings

Netflix has defied analyst expectations after its original programming attracted 50 per cent more new subscribers than predicted. In July, the company guided to 300,000 ...

Oct 18 2016

Target pulls clown masks from shelves amid creepy clown threats

In recent months there has been a rash of creepy clown sightings with costumed men exhibiting menacing behavior. Finding a clown costume for Halloween is getting a litt...

Oct 18 2016

Samsung offers full refund, exchange of Galaxy Note 7 in Laos

They could however carry the device in their hand baggage in the switch-off mode. Prior to the blanket ban on carrying the Note 7, airlines had issued specific safety...

Oct 17 2016

Hurricane Matthew blamed for 4 deaths in Florida

The still massive storm now packs sustained winds of as high as 75 m.p.h. and though the storm's intensity has decreased, it still poses a significant flooding threat...

Oct 17 2016

Speech transcripts show Clinton avoided blaming Wall Street

The disclosures contain no new bombshells but are likely to reinvigorate concerns among Bernie Sanders supporters that Clinton is too close to Wall Street. WikiLeaks pos...