Money & Markets

Trying to right itself, a criminal investigation at Chipotle

NEW YORK - Chipotle said it has been subpoenaed as part of a federal criminal investigation and that sales plummeted 30 percent in December after a series of food scares at its restaurants.The company said in a regulatory filing it was asked to produce a broad range of documents tied to a ...

United Airlines CEO has heart transplant

The CEO of United Airlines, who has been on medical leave since October, underwent a heart-transplant operation on Wednesday, and the airline said that he was recovering.United said that it expects Oscar Munoz to return to work this spring. The airline said that a transplant was "considered the ...

US auto sales hit an all-time high in 2015

DETROIT - Americans are buying more new cars than ever before.U.S. auto sales hit a record high of 17.47 million in 2015, topping the old record of 17.35 million set in 2000. Analysts expect sales could go even higher this year as unemployment continues to decline and more young buyers enter ...

Twitter may expand 140-character limit

SAN FRANCISCO - Twitter appears ready to loosen its decade-old restriction on the length of messages in a bid to make its service more appealing to a wider audience accustomed to the greater freedom offered by Facebook and other forums.CEO and co-founder Jack Dorsey telegraphed Twitter's ...

Dividends on the chopping block

NEW YORK - The dividend gravy train is slowing down, threatening an important source of income for investors at a time when stocks are flat About 500 companies cut or halted their dividends last year, the highest tally since the economy was crawling out of the Great Recession in 2009. Other ...

US sues VW over emissions-cheating software in cars

WASHINGTON - The Justice Department sued Volkswagen on Monday over emissions-cheating software found in nearly 600,000 vehicles sold in the United States, potentially exposing the company to billions of dollars in penalties for clean air violations.The civil complaint against the German ...

Slumps in US and China heighten fears

WASHINGTON - Fears escalated Monday that the global economy could struggle more than expected this year - a prospect that contributed to a plunge in financial markets. The anxiety was heightened by reports that manufacturers extended their slumps last month in the United States and China, the ...

General Motors CEO Mary Barra adds chairman to her title

General Motors CEO Mary Barra is taking on the added role of chairman at the nation's largest automaker.The company's directors Monday unanimously elected her to lead the board, effective immediately. She replaces former Cummins Inc. Chairman and CEO Theodore Solso as GM's chairman. He will ...

GM invests $500m in Lyft, forms partnership

DETROIT - The automotive industry is placing its biggest bet yet that using a device to hail a ride - with or without a driver - is the future of transportation.General Motors Co. said Monday it is investing $500 million in ride-hailing company Lyft Inc. and forming an unprecedented partnership ...

Trial in NYC set to air GM ignition switch recall issues

NEW YORK - A civil trial set to start this month in New York City will test the legal boundaries of hundreds of claims remaining against General Motors Co. stemming from faulty ignition switches.The case involves an Oklahoma man who blames a defective ignition switch for preventing his air bags ...

Apple raises iPhone prices in Germany over new content levy

BERLIN - Apple raised the prices for hand-held devices in Germany at the start of the year, following a deal between the tech industry and content producers that will benefit a range of creative professionals including musicians, actors and pornographic filmmakers.The Cupertino, ...

Google to analyze if rooftop solar panels are a good deal

RALEIGH, N.C. - The company that lets you compare air fares and translate foreign languages online wants to make it easier to weigh the costs and benefits of installing solar panels on household rooftops.Google is rolling out a new online service that quickly tallies up considerations of going ...

Social media, upgraded theaters help drive $11B year

LOS ANGELES - It takes more than "Star Wars" to make an $11 billion year.Disney and J.J. Abrams pushed 2015 over the mark days before its conclusion, but many factors helped make the year the biggest of all time - including social media and better theatrical experiences - which helped draw ...

Target’s turnaround gets shoppers back into stores

NEW YORK - Target's efforts to draw shoppers back into its stores are paying off.Take Annabel Bernardo, who once bought trendy clothes at Target but cut back after she felt it lost its fashion edge.Now, Bernardo, who lives in Rockville, Maryland, is back: "The store is looking much better. It's ...

Gadgets around us will keep getting smarter, like it or not

Our cars, our homes, our appliances and even our toys: Things around us are going to keep getting smarter. In 2016, we'll entrust even more of our lives and their intimate details to machines - not to mention the companies that run them.Are we ready for that?You might, for instance, like the ...

Pot industry tries to build brands

DENVER - Snoop Dogg has his own line of marijuana. So does Willie Nelson. Melissa Etheridge has a marijuana-infused wine.As the fast-growing marijuana industry emerges from the black market and starts looking like a mainstream industry, there's a scramble to brand and trademark pot products.The ...

China manufacturing index improves in Dec.

BEIJING - A monthly survey shows that a contraction in Chinese manufacturing eased slightly in December, while service industries continued to expand.The numbers were a potential sign of recovery among exporters in the world's No. 2 economy, while reflecting the government's efforts to shift ...

US stocks end 2015 mostly flat, capping volatile year

The U.S. stock market took investors for a wild ride in 2015, but in the end it was a trip to nowhere.Despite veering between record highs and the steepest dive in four years, the stock market ended the year essentially flat, delivering the weakest performance since 2008. That means if you ...

How much money you just saved on gas in 2015

NEW YORK - U.S. drivers saved a bunch of money on gasoline this past year, as Saudi Arabia and other OPEC members kept the pumps going in the face of low oil prices. Massive stockpiles of crude globally turned 2015 into the year of the pain-free fill up. More of the same is expected for 2016 as ...

Biggest container ship to visit US enters San Francisco Bay

SAN FRANCISCO - The largest container ship to visit the U.S. passed under the Golden Gate Bridge in San Francisco before arriving at the Port of Oakland.The nearly quarter-mile-long megaship named the Benjamin Franklin set sail from China earlier this month with a stop in Los Angeles after ...