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Johnson & Johnson to cut about 3,000 jobs

January 20, 2016 Johnson & Johnson said Tuesday that it plans to cut about 3,000 jobs over the next two years as the health care conglomerate works to restructure its medical devices business. more »»

First lady, school meal directors headed for truce?

January 19, 2016 WASHINGTON — A bipartisan Senate bill released Monday would revise healthier meal standards put into place over the last few years to give schools more flexibility in what they serve the nation’s... more »»

Retirement liabilities remain despite state budget surplus

January 19, 2016 SACRAMENTO, Calif. — The California budget that Gov. Jerry Brown proposed this month marks a shocking financial turnaround for a state that just a few years ago faced a $26 billion deficit. more »»

Get a grip on inequality, leaders urged brfore Davos

January 19, 2016 DAVOS, Switzerland — The world’s political and business elite are being urged to do more than pay lip service to growing inequalities around the world as they head off for this week’s World Economic... more »»

WhatsApp to drop renewal fees for the messaging service

January 19, 2016 MENLO PARK, Calif. — WhatsApp, a popular mobile messaging service owned by Facebook, says it will drop its 99-cent subscription fee over the next several weeks. more »»

Wal-Mart to shutter 269 stores, 154 of them in the US

January 16, 2016 NEW YORK — Wal-Mart is doing some rare pruning. The world’s largest retailer is closing 269 stores, including 154 in the U.S. more »»

Citigroup’s 4Q earnings rise sharply, as legal expenses drop

January 16, 2016 NEW YORK — Citigroup’s said Friday that its profits jumped sharply in the fourth quarter, helped by lower legal and regulatory costs that hammered the bank in the fourth quarter of 2014. more »»

Wells Fargo beats 4Q profit forecasts

January 16, 2016 Retail banking giant Wells Fargo & Co. said its earnings were flat in the fourth quarter, as loan growth and expense reductions were not enough to offset struggling oil and gas loans. more »»

Sale finalized for former Showboat

January 16, 2016 ATLANTIC CITY, N.J. — The $23 million sale of Atlantic City's former Showboat casino to Philadelphia developer Bart Blatstein was completed Friday. more »»

No great places to shelter from this market turmoil

January 15, 2016 NEW YORK — Stock prices are crumbling around the world, but the usual place for investors to go for safety, bonds, can’t provide as much cover as usual. more »»

Goldman Sachs to pay $5B in mortgage settlement

January 15, 2016 NEW YORK — Goldman Sachs said Thursday it will pay roughly $5 billion to settle federal and state probes of its role in the sale of shoddy mortgages in the years leading to the housing bubble and... more »»

JPMorgan Chase's earnings rise 9 percent

January 15, 2016 NEW YORK — Banking giant JPMorgan Chase & C. more »»

US budget deficit rose in December

January 14, 2016 WASHINGTON — The federal budget deficit increased in December and for the third month is running ahead of last year’s pace. The deficit totaled $14. more »»

Fed: Economy expanded in 9 of 12 districts

January 14, 2016 WASHINGTON — The Federal Reserve says the economy expanded across most of the United States in December and early January. more »»

FDA approves genetically engineered potato

January 14, 2016 BOISE, Idaho — A potato genetically engineered to resist the pathogen that caused the Irish potato famine is as safe as any other potato on the market, the Food and Drug Administration says. more »»

Argentina seeks better terms for $10B of debt

January 14, 2016 BUENOS AIRES, Argentina — Argentine Finance Minister Alfonso de Prat-Gay says the country is in a position to negotiate better terms for $10 billion in defaulted debt. more »»

Oil keeps falling. And falling. How low can it go?

January 13, 2016 DALLAS — The price of oil keeps falling. And falling. And falling. It has to stop somewhere, right? Even after trending down for a year and a half, U.S. more »»

Apple defies industry trend as PC sales fall again

January 13, 2016 SAN FRANCISCO — Apple keeps defying a PC industry trend: While other major computer-makers saw shipments fall in 2015, Apple increased the number of Macs it shipped worldwide last year, according to... more »»

Calif. regulators reject Volkswagen recall plan

January 13, 2016 LOS ANGELES — California regulators on Tuesday rejected Volkswagen's recall plan for some of the German automaker's most popular diesel models that used software to intentionally deceive government... more »»

MetLife mulls spinoff or IPO

January 13, 2016 NEW YORK — MetLife plans to carve off a substantial portion of its U.S. more »»

 
 
 

 

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