Business Headlines

Redbox Raising DVD Rental Rates by 25 Percent

Posted: 7:59 AM - Redbox is raising its DVD rental prices by 25 percent beginning next week in an effort to wring more revenue from the shrinking audience that still watches movies on the discs instead of Internet video services such as Netflix.
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How to Avoid Being a Victim of Identity Theft on Black Friday (AM)

Posted: 11/21/2014 - For shoppers trying to get the best deals this black Friday, there are some things to remember before you swipe your plastic. First, know where you're shopping – To see if a business is credible you can search them on the Better Business Bureau's website.
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Business News

  • Asia shares rise on U.S. optimism, oil under pressure before OPEC

    A pedestrian looks at an electronic board showing Japan's Nikkei average and various stock prices outside a brokerage in TokyoBy Shinichi Saoshiro TOKYO (Reuters) - Asian stocks edged up on Wednesday after upbeat U.S. economic growth data calmed investor anxiety over a deteriorating global outlook, while the Australian dollar languished near four-year lows against the dollar. Oil prices were also under pressure as major oil producing nations failed to agree on curbs to output ahead of an OPEC meeting on Thursday. The U.S. government upgraded its reading on third quarter gross domestic product to 3.9 percent on Tuesday from 3.5 percent reported last month. ...


  • U.S. economy resilient in third quarter as global growth cools

    A bucket is lifted by scaffolding workers at the Washington Monument at sunrise in WashingtonBy Lucia Mutikani WASHINGTON (Reuters) - The U.S. economy grew at a much faster pace than initially thought in the third quarter, pointing to strengthening fundamentals that should help it weather slowing global demand. The Commerce Department on Tuesday raised its estimate of GDP growth to a 3.9 percent annual pace from the 3.5 percent rate reported last month, reflecting upward revisions to business and consumer spending, as well as to inventories. The rise in output followed a 4. ...


  • HP fourth-quarter revenue drops on weak enterprise demand

    A Hewlett-Packard logo is seen at the company's Executive Briefing Center in Palo AltoBy Sarah McBride (Reuters) - Hewlett-Packard Co said its quarterly revenue fell in almost every business segment over the year, highlighting weaknesses ahead of the company's planned 2015 separation of its enterprise services from its traditional computer and printing units. Sales fell 2.5 percent in the fourth quarter to $28.41 billion, from $29.13 billion a year earlier, HP said on Tuesday. Analysts had expected $28.76 billion. Profit declined 2.7 percent to $2.01 billion, or $1.06 cents a share, compared with $1.01 cents a share a year ago, in line with analysts' expectations. ...


  • BOJ's Shirai defends latest easing, rules out incremental action

    Bank of Japan Governor Haruhiko Kuroda attends a conference of central bankers hosted by the Bank of France in ParisBy Leika Kihara HIROSHIMA, Japan (Reuters) - A Bank of Japan board member who voted for last month's huge monetary expansion defended the move on Wednesday, saying that failing to act would have cast doubt on the bank's determination to hit its price goal and undermined its credibility. Having deployed "the maximum scale of stimulus possible," the BOJ can now wait to see how much the move will support the economy and prices, Sayuri Shirai said, signaling that no further monetary easing was necessary in the near term. ...


  • Discover Financial sues Visa over anti-competitive card practices

    A Visa logo is seen during the International CTIA WIRELESS Conference & Exposition in New Orleans, Louisiana(Reuters) - Discover Financial Services Inc sued Visa Inc on Tuesday, alleging the world's largest cards company has been using anti-competitive practices in its debit card business, and sought compensation for lost profit, court documents showed. Discover, through its Pulse Network LLC unit, alleges that "in order to maintain its monopoly, Visa has undertaken a series of illegal actions that undermine competition – harming rival debit networks, merchants, acquirers, card issuers, and consumers. ...


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