Business Headlines

Food Safety Recall of Kraft Singles Due to Choking Hazard

Posted: 4:10 PM - The recall applies to 3-lb. and 4-lb. sizes of Kraft Singles American and White American pasteurized prepared cheese product with a Best When Used By Date of 29 DEC 15 through 04 JAN 16, followed by the Manufacturing Code S54 or S55.

Will It Work: Curl a Dog

Updated: 07/30/2015 - Hotdogs and summertime go hand in hand, but a new as seen on TV product is taking the basic hotdog to a whole new level!

`Go Set a Watchman' Sales Drop, But It's Still Top Seller

Updated: 07/30/2015 - Sales dropped sharply for Harper Lee's "Go Set a Watchman" in its second week of publication. But it remained the best-selling book in the country for the week ending July 26, according to Nielsen BookScan.

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Business News

  • Asian shares edge down, oil stabilizes after rout

    TSE employee looks at monitors at the Tokyo Stock Exchange in TokyoAsian shares edged lower on Tuesday after downbeat economic data pressured Wall Street ahead of key U.S. jobs data later this week that could provide a key clue to the timing of the U.S. Federal Reserve's interest rate increase. Crude oil prices stabilized after plunging overnight, with U.S. crude adding about 0.6 percent to $45.42 a barrel. MSCI's broadest index of Asia-Pacific shares outside Japan was down 0.2 percent in early trading, while Japan's Nikkei stock index slipped 0.5 percent, after breaking a three-day winning streak in the previous session.

  • U.S. factory activity dips; consumer spending cools

    A customer shops in the pharmacy department of a Target store in the Brooklyn borough of New YorkU.S. factory activity slipped in July and consumer spending advanced at its slowest pace in four months in June, indicating the economy lost some momentum recently. The sluggish economic data did not change economists' expectations that the Federal Reserve will hike interest rates this year, given a tightening labor market. "We expect growth momentum to re-accelerate over the next few months, providing the Fed with the necessary confidence they need to raise rates in September," said Millan Mulraine, deputy chief economist at TD Securities in New York.

  • Energy leads Wall Street lower as oil tumbles

    Trader works on the floor of the New York Stock ExchangeNEW YORK (Reuters) - U.S. stocks ended lower on Monday as tumbling oil prices dragged energy shares to a three-year low and factory data from China added to concerns about weakening growth in the world's second-largest economy.

  • Greek stocks plunge, banks hammered, after five-week crisis shut down

    A European Union flag flutters outside the Athens stock exchangeThe main Athens stock index ended down 16.2 percent, recovering slightly after plunging nearly 23 percent at the open. All five shares comprising the index - National Bank of Greece , Alpha Bank , Piraeus Bank , Attica Bank and Eurobank - were locked down for much of the session at the limit with no buyers. The banks have been propped up by emergency money from the European Central Bank.

  • Ex-trader Hayes jailed for 14 years by London court for Libor rigging

    Former trader Tom Hayes arrives at Southwark Crown Court in LondonEx-trader Tom Hayes was sentenced to 14 years in jail by a London court on Monday after being found guilty of conspiring to rig Libor benchmark interest rates following a seven-year global investigation. After a nine-week trial and seven days of deliberations, the jury of five women and seven men found Hayes, a 35-year-old former UBS and Citigroup trader, guilty of all eight counts of conspiracy to defraud. In the first trial of a defendant accused of Libor rigging, Hayes had faced up to 10 years imprisonment for each count of conspiracy over the manipulation of London interbank offered rate (Libor), a crucial benchmark for around $450 trillion of financial contracts and consumer loans, between 2006 and 2010.

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