Business Headlines

Barbie Tops Frozen in Girl's Toys for 2015

Posted: 11/27/2015 - After losing her spot to the characters from the movie Frozen last year, Barbie ices out the competition as the number one toy for girls this holiday season - according to the National Retail Federation survey.

Google Introducing Offline Maps

Updated: 11/25/2015 - Using your smart phone to look up an address or get turn by turn directions could cost you a fortune in data charges, but Google’s new app may solve that.

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Business News

  • Wall St. dips with health, consumer shares; gains for November

    Traders gather at the post that trades Pfizer's stock on the floor of the New York Stock Exchange(Reuters) - U.S. stocks slipped on Monday, led by declines in health and consumer shares, as investors braced for policy news from central banks.

  • Target website stumbles on Cyber Monday, rivals out of stock

    A shopper takes part in Black Friday sales at a Target store in ChicagoBy Nandita Bose and Nathan Layne CHICAGO (Reuters) - U.S. shoppers seeking to avoid the holiday crowds at bricks-and-mortar stores and snare deals on Cyber Monday came face-to-face with traffic jams and product sellouts, with some customers of Target Corp forced to wait in a virtual line. Sales on Cyber Monday, traditionally the busiest day of the year for Internet shopping, were up 14 percent from a year earlier at $490 million between midnight and 10 a.m. ET, according to Adobe Digital Index, part of Adobe Systems Inc, which provides digital marketing and media solutions to merchants. "Consumers are hyped for Cyber Monday, with social buzz more positive than what we saw on Black Friday, but they need to brace themselves for the highest out-of-stock rates of the season so far," said Tamara Gaffney, principal analyst at Adobe Digital Index.

  • Volkswagen, DOJ want diesel civil cases heard in Detroit

    A logo of Volkswagen is seen on a Golf car parked at a dealership in SeoulBy David Shepardson WASHINGTON (Reuters) - Volkswagen AG and the Justice Department want a U.S. judicial panel to centralize in Detroit hundreds of civil lawsuits alleging the German automaker defrauded consumers and shareholders, according to court filings. The U.S. Multi-District Litigation panel will hold a hearing Dec. 3 in New Orleans to determine if and where to consolidate more than 350 lawsuits that stem from the automaker's admission in September that it installed illegal software in nearly 500,000 vehicles to circumvent U.S. diesel emission tests. Earlier this month, U.S. regulators also said VW installed "defeat devices" to cheat emission standards in 85,000 larger cars and SUVs.

  • FTC preparing to block Staples-Office Depot deal: NY Post

    A shopping cart is seen outside a Staples office supplies store in the Chicago suburb of Glenview, IllinoisThe Federal Trade Commission (FTC) may again delay its decision on the deal, seeking more concessions from Staples, the Post reported, citing two people familiar with the matter. Two of the four FTC commissioners looking into the deal are believed to oppose it, the newspaper reported. Staples' shares fell 1.8 percent to $12.09 in afternoon trading, while Office Depot was down 1.8 percent at $6.63.

  • Senate calls hearing in Anheuser-Busch InBev mega beer deal

    The logo of Anheuser-Busch InBev is pictured outside the brewer's headquarters in LeuvenAnheuser-Busch InBev's bid to buy its biggest rival, SABMiller, will be the subject of a U.S. Senate hearing next week, the Senate Judiciary Committee said on Monday. AB InBev, whose takeover of SABMiller would be one of the largest mergers in corporate history, formally announced early in November that it would buy SABMiller for $106 billion. The hearing will be held by the Judiciary Committee's antitrust subcommittee on Dec. 8, the committee said in a brief statement.

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