How China's Stock Market Tumble Is Affecting the US
With China being the second-largest economy in the world, investors around the world are anxious about the major slide in the Chinese stock market . Stocks in the U.S. are falling dramatically today following the three-month low for China's benchmark stock index, the Shanghai Composite Index. As a
Honda's Air Bag Recall Gets Bigger
Morning Money Memo… Another massive auto industry safety recall just got bigger. Honda, one of eight manufacturers affected by problems with a supplier’s air bags, is expanding its recall by as many as one million more autos in California. The air bags made by the...
US Indicts Five Chinese Military Officials for Hacking American Computers
The United States accuses China of economic espionage and stealing secret information from six American companies.
Story Stock: Alcoa Slated to Kick-Off Next Round of Corporate Earnings
Third largest aluminum producer looks to bounce back after being dropped from the Dow Jones last year.
$6 Billion Jury Award Over Diabetes Drug
Morning Money Memo… A Louisiana jury has ordered an international drug firm to pay one of the largest corporate fines in U.S. history. Takeda Pharmaceuticals, Japan’s biggest drug-maker, has been hit with $6 billion in punitive damages for hiding a possible link between a best-selling...
Millions Illogically Dawdle Until End to File for Tax Refunds
Morning Money Memo: The April 15 tax-filing deadline is just over a week away and millions of people still haven’t filled out their forms. Kathy Pickering of the H&R Block Tax Institute says one out of five taxpayers hasn’t filed yet, and “of those...
Global Sell-Off Leaves Dow Jones 314+ Points Lighter
Dow Jones Industrial Average tumbles below the 16,000 mark on growing fears of a weakening Chinese economy.
Yellen Fed Nomination Calms Markets
Morning Money Memo… President Obama will nominate Janet Yellen for Fed chairman. The announcement, set to come at 3 p.m., is sending a positive vibe throughout the markets. Dow, S&P and NASDAQ futures were all positive early Wednesday. Yellen, who served as Ben Bernanke’s vice chairman,...
Barnes and Noble CEO Resigns
Morning Business Memo: Three years after being hired to revive the sagging fortunes of America’s biggest bookseller, the CEO of Barnes & Noble Inc. has resigned. William Lynch’s departure follows another sorry chapter for the retailer. Days ago Barnes & Noble reported that sales plummeted...