posted: 12/07/2013 2:12 a.m.
Sears Holdings Corp. plans to spin off its Lands’ End Inc. unit, giving investors a piece of a profitable clothing brand after almost nine years of market-lagging returns for the department store chain’s shares.
posted: 12/07/2013 2:11 a.m.
U.S. consumers increased their spending in October even though their wages and salaries barely rose, raising questions about how strong the economy will grow at the end of the year.
posted: 12/07/2013 2:07 a.m.
The Los Angeles city attorney sued Wells Fargo and Citigroup on Thursday, alleging the companies engaged in mortgage discrimination that led to a wave of foreclosures in minority communities during the housing crash.
posted: 12/07/2013 2:06 a.m.
Bernard Madoff used a process his inner circle called “schtupping” to increase the fake trading profit of the con man’s richest clients between Christmas and New Year’s, his former finance chief told a jury.
posted: 12/07/2013 2:06 a.m.
AT&T, under fire for ongoing revelations that it shares and sells customers’ communications records to the National Security Agency and other U.S. intelligence offices, said it isn’t required to disclose to shareholders what it does with customers’ data.
posted: 12/07/2013 2:05 a.m.
Tornadoes and thunderstorms that swept across the U.S. Midwest last month will probably cost more than $1 billion in economic losses, led by damage in Illinois and Indiana, according to insurance broker Aon PLC.
posted: 12/07/2013 2:04 a.m.
Stocks rose sharply Friday after the government reported a fourth straight month of solid U.S. job gains, the latest encouraging sign for the economy.
posted: 12/07/2013 2:02 a.m.
QUOTE OF THE DAY “People are feeling better, that’s a positive for the holiday season. This year I don’t see the same strong fiscal headwinds ahead of us to impede our momentum.” Russell Price, Ameriprise Financial Inc. senior economist
posted: 12/06/2013 12:51 a.m.
The U.S. economy expanded in the third quarter at a faster pace than initially reported, led by the biggest increase in inventories since early 1998. Consumer spending slowed.
posted: 12/06/2013 12:47 a.m.
Fast-food workers and labor organizers joined in demonstrations in cities across the country Thursday in a push for higher wages.
posted: 12/06/2013 12:46 a.m.
America’s first pony car — the Ford Mustang — is celebrating its 50th birthday with a new design and plans to go global.
posted: 12/06/2013 12:39 a.m.
Southwest Airlines said Thursday that it is closing down operations at Jackson-Evers International Airport on June 6.
posted: 12/06/2013 12:38 a.m.
Stocks fell Thursday after the government reported that the number of Americans applying for unemployment benefits dropped to the lowest in nearly six years last week. Also, the U.S. economy grew at a 3.6 percent annual rate from July through September, the fastest since early 2012.
posted: 12/06/2013 12:37 a.m.
QUOTE OF THE DAY “It’s like shutting down all the highways in the country because there was an accident on one street.” Luis Carlos Diaz, Tal Cual tech columnist, on the Venezuelan government’s shutdown of some Internet sites
posted: 12/05/2013 8:07 a.m.
WASHINGTON — The number of Americans applying for unemployment benefits tumbled 23,000 last week to 298,000, nearly a six-year low that shows companies are laying off fewer workers.