Jones New York to close stores, end wholesale business
Associated Press | January 29, 2015 10:54 amJones New York announced Thursday that it is closing stores, discontinuing its wholesale business and will look at strategic alternatives for its brand.
Alibaba shares tumble on 4Q revenue miss
Associated Press | January 29, 2015 10:18 amAlibaba's Group shares dropped 10 percent on Thursday after the Chinese e-commerce powerhouse reported holiday-quarter revenue that surged 40 percent but missed analyst expectations.
Nokia turns to fourth quarter profit buoyed by strong growth
Associated Press | January 29, 2015 10:00 amNokia made a net profit of 443 million euros ($502 million) in the fourth quarter and sales grew nearly 10 percent, but its share price fell Thursday as the results were offset by a poor performance in some regions, higher costs and a low dividend.
Average US rate on 30-year mortgage rises to 3.66 pct.
Associated Press | January 29, 2015 9:01 amAverage long-term U.S. mortgage rates rose slightly this week after four straight weeks of declines, while remaining near historically low levels.
Hershey dips into meat market with Krave Jerky
Associated Press | January 29, 2015 7:42 amHershey has a sudden hankering for protein, with plans to add jerky to its lineup.
Ford beats estimates despite declines in earnings, revenue
Associated Press | January 29, 2015 6:48 amFord's net income tumbled in the fourth quarter as the company took an expected charge to deal with its struggling Venezuelan operations.
Russia to cut budget for 2018 World Cup amid economic woes
Associated Press | January 29, 2015 6:30 amRussia will cut the budget for hosting the 2018 World Cup as part of plans to slash state expenditure while recession looms, Sports Minister Vitaly Mutko said Thursday.
William Shatner knows the ups, downs of traveling
Associated Press | January 29, 2015 6:30 amWilliam Shatner is back as a shrewd, unflappable travel expert in his latest TV commercial for an online company.
Shell to slash investment after oil price drop hurts profit
Associated Press | January 29, 2015 5:48 amIn a sign of the impact on the oil sector of the slump in energy prices, Royal Dutch Shell Plc said Thursday it plans to cut spending by $15 billion over the next three years amid a drop in earnings.
LG Electronics in red in 4Q on plasma TV business closure
Associated Press | January 29, 2015 1:24 amLG Electronics Inc. said Thursday it has lost money in the fourth quarter as costs from the closure of its plasma TV operations offset a recovery in its mobile phone business.
Deutsche Bank posts surprise profit as litigation costs ease
Associated Press | January 29, 2015 1:06 amDeutsche Bank rebounded to make a surprise fourth-quarter profit of 441 million euros ($498 million) as it saw lower charges for settling accusations of wrongdoing.
Nobel laureate Charles Townes, laser co-creator, dies at 99
Associated Press | January 28, 2015 7:36 pmCharles H. Townes, the Nobel Prize-winning physicist who helped create the laser that would revolutionize everything from medicine to manufacturing, has died. He was 99.
Romney takes aim at Obama, Clinton in Mississippi
Associated Press | January 28, 2015 6:36 pmMitt Romney hasn't officially declared himself a presidential candidate again, but the 2012 Republican nominee looked and sounded like one during a stop Wednesday in Mississippi, back-slapping at a popular barbecue joint before delivering a speech that questioned Democrat Hillary Rodham Clinton's foreign policy and economic credentials.
Mobile provider TracFone to pay $40M in federal settlement
Associated Press | January 28, 2015 4:49 pmThe nation's largest prepaid mobile provider, TracFone Wireless, will pay $40 million to settle government claims that it misled millions of smartphone customers with promises of unlimited data service.
Associated Press | January 28, 2015 4:30 pmFifteen advertisers will make their Super Bowl debut, buying a place on the biggest, most expensive stage in American television. Advertising experts say the interest in Super Bowl ads is a positive sign that companies are feeling good in the most recent economic recovery.
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