Money & Markets

Forbes: ‘PewDiePie’ is top YouTube earner

LOS ANGELES - YouTube's top-earning celebrity is a 25-year-old video-game-playing jokester who took in $12 million over the past year. Forbes magazine says Sweden's Felix Kjellberg, better known by his handle "PewDiePie," tops its first list of people who have spun short online videos into huge ...

Fed says consumer spending, auto sales boost US growth

WASHINGTON - The Federal Reserve says steady consumer spending and an improving housing market spurred modest U.S. economic growth in the late summer, though factory output was sluggish in part because of the strong dollar.The Fed said Wednesday in its latest snapshot of the economy that nine ...

US to jury: 2 British ex-bankers manipulated interest rates

NEW YORK - The first U.S. trial to result from a worldwide investigation into the manipulation of interest rates began Wednesday when a prosecutor told jurors that two British former bankers put themselves first at one of the world's largest banks, while defense lawyers portrayed their clients ...

Netflix adds 3.62M subscribers in 3Q

SAN FRANCISCO - Netflix is hooking fewer U.S. viewers than it hoped, even as its binge-watching addiction rapidly spreads to other parts of the world.The Internet video service added 3.62 million subscribers during the three months ended September, it announced Wednesday as part of its ...

Delta tops 3Q profit forecasts

Cheaper fuel helped Delta Air Lines Inc. shrug off a slight decline in revenue and post sharply higher third-quarter net income of $1.32 billion.The profit announced Wednesday was slightly better than Wall Street expected. Delta's shares rose more than 2 percent in afternoon trading.The third ...

China September imports plunge in new sign of weakness

BEIJING - China's imports fell by an unexpectedly wide margin in September in a new sign of weakness in the world's second-largest economy.Imports plunged 20.4 percent from a year earlier to $145.2 billion, customs data showed Tuesday, worse than August's 5.5 percent decline and analysts' ...

Twitter purging up to 336 workers

SAN FRANCISCO - Twitter is laying off up to 336 employees, signaling CEO Jack Dorsey's resolve to slash costs while the company struggles to make money.The cutbacks announced Tuesday could equate to about 8 percent of Twitter's workforce of 4,100 people.The purge comes two weeks after Twitter ...

Shell drill vessels leave Arctic

ANCHORAGE, Alaska - Two drill vessels employed by Royal Dutch Shell PLC off Alaska's northwest coast have safely departed Arctic waters for the Pacific Northwest. The 572-foot Noble Discoverer, owned by Noble Drilling U.S. LLC, reached Dutch Harbor in the Aleutian Islands on Sunday. After a ...

Johnson & Johnson posts mixed 3Q results

Johnson & Johnson, continuing a tough year of declining revenue, posted a 29 percent drop in third-quarter earnings as it was hammered by plunging sales of its hepatitis C medicine and unfavorable currency exchange rates.The healthcare bellwether's results were also hurt by comparison ...

Dell buying EMC in $67 billion bet on data storage

NEW YORK - Dell is buying data storage company EMC for $67 billion in a huge bet on a segment of technology that has proven to be more profitable than the slumping personal computer market.The acquisition announced Monday marks Dell's latest attempt to lessen its dependence on the PC industry ...

6 held in Air France union brawl

PARIS - French prosecutors say six people have been arrested in connection with an Air France union meeting brawl that left two executives shirtless. During a meeting a week ago about fiercely contested job cuts at the money-losing airline, union activists assaulted the managers, including the ...

Economist wins Nobel for work on poverty

Angus Deaton has dug into obscure data to explore a range of problems: The scope of poverty in India. How poor countries treat young girls. The link between income inequality and economic growth.The Princeton University economist's research has raised doubts about sweeping solutions to poverty ...

Economists expect rate hike before end of 2015

NEW YORK - A survey of business economists finds that a majority still expect the Federal Reserve to raise interest rates before the end of the year, with the broader economy expected to grow at a slightly faster pace in 2015 than previously forecast. Economists now expect the gross domestic ...

AB InBev raises offer for SABMiller

LONDON - Budweiser brewer Anheuser-Busch InBev raised its takeover bid for SABMiller to $108.2 billion Monday in its latest effort to win backing for its plan to create "the first truly global beer company." AB InBev has been trying for nearly a month to get its hands on SABMiller but its ...

Southwest: Technical issues delays hundreds of flights

DALLAS - Southwest Airlines says hundreds of flights have been delayed by technical issues that are forcing it to check in some customers manually at airports and are causing long lines.The Dallas-based company is asking travelers to arrive at least two hours before their scheduled departures ...

Volkswagon may compensate owners of diesel cars for loss of value

DETROIT - Volkswagen could compensate owners of diesel-powered cars that emit high levels of pollutants, possibly by paying them for the lost value of their vehicles, the company's top U.S. executive said.Speaking to lawmakers investigating the emissions cheating, U.S. CEO Michael Horn also ...

Research beefing up steaks, hamburgers with healthy omega-3s

WICHITA, Kan. - Health-conscious consumers might be persuaded to eat more beef if it was fortified with heart-healthy omega-3 fatty acids naturally found in salmon and walnuts, according to researchers and some ranchers who are feeding cattle flaxseed - even marine algae - with an eye to ...

Ex-railroad town, Sparks braces for Tesla, Switch boom

SPARKS, Nev. - Not since the Southern Pacific railroad rolled into this sleepy high desert town in Nevada more than a century ago has there been such excitement - Tesla Motors and other technology companies are coming, and along with them thousands of jobs.Long dwarfed by Reno, known as the ...

2 Fed officials think data will justify rate hike this year

WASHINGTON - It's a question whose answer seems to be in constant flux: When will the Federal Reserve finally raise interest rates?Two voting members of the Fed's policy committee weighed in Friday with a similar view: That a rate hike remains likely by the end of 2015 but that any Fed decision ...

UAW leaders OK richer Fiat Chrysler contract

DETROIT - The United Auto Workers union unveiled a richer proposed contract with Fiat Chrysler on Friday, a week after angry union members voted down a previous agreement.The new agreement would gradually eliminate a much-maligned tiered pay system and bring all U.S. factory workers to the same ...