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J.C. Penney names Home Depot executive to succeed CEO Ullman

J.C. Penney Co Inc (JCP.N) named Marvin Ellison, credited with resurrecting Home Depot Inc's (HD.N) U.S. business, as its next chief executive as the department store operator looks to push on since stemming a two-year long sales decline.

Oct 13, 2014 12:05 PM EDT

Markets

Exclusive: Privately, Saudis tell oil market- get used to lower prices

Saudi Arabia is quietly telling the oil market it would be comfortable with much lower oil prices for an extended period, a sharp shift in policy that may be aimed at slowing the expansion of rival producers including those in the U.S. shale patch.

News

U.S. CDC head criticized for blaming 'protocol breach' as nurse gets Ebola

Some healthcare experts are bristling at the assertion by a top U.S. health official that a “protocol breach” caused a Dallas nurse to be infected with Ebola while caring for a dying patient, saying the case instead shows how far the nation’s hospitals are from adequately training staff to deal with the deadly virus.

Markets

In GM bankruptcy, an ex-con and hedge funds find common ground

Roger Dean Gillispie, a former General Motors security guard, spent 20 years in an Ohio prison for rape until a federal court ordered him released in 2011. Now he wants to sue GM for allegedly helping to frame him, and he’s getting support from an unlikely source: hedge funds.

FCA opens up 2.7 percent in Milan in market debut

Shares in carmaker Fiat Chrysler Automobiles (FCA) opened 2.7 percent higher on the Milan bourse on Monday, their first day of trading as a newly-merged company.

Oct 13, 2014 11:46 AM EDT

Fiat Chrysler crowns merger with Wall Street debut

Fiat Chrysler Automobiles (FCA) made its Wall Street debut to great fanfare on Monday, shifting the carmaker's center of gravity away from Italy and capping a decade of canny dealmaking and tough restructuring by CEO Sergio Marchionne.

Oct 13, 2014 11:29 AM EDT

Ford to add 850 jobs at Dearborn factories for new F-150 truck

Ford Motor Co said on Monday it will add 850 hourly jobs at its Dearborn, Michigan, facilities to support the launch of the redesigned, aluminum-intensive 2015 F-150 pickup truck.

Oct 13, 2014 11:24 AM EDT

Email alias of former Fed chair Bernanke comes out in AIG trial

Of all the key government players involved in saving the U.S. economy from collapse back in the autumn of 2008, Edward Quince has hardly earned a mention.

Oct 10, 2014 11:53 AM EDT

Costs and bidding process scare off European hopefuls

What do European cities Stockholm, Oslo, Krakow, Lviv, St Moritz and Munich have in common? What do European cities Stockholm, Oslo, Krakow, Lviv, St Moritz and Munich have in common? They have all turned down or pulled out of bidding for the Winter Olympics in 2022 and triggered alarm bells at the International Olympic Committee.

Oct 10, 2014 11:51 AM EDT

Shining a light on a murky election-year Social Security debate

In North Carolina, a television ad attacks incumbent Democratic Senator Kay Hagan for supporting a “controversial plan” that “raises the retirement age” for Social Security. The ad comes from Crossroads GPS, the super PAC run by Republican Karl Rove.

Oct 10, 2014 11:46 AM EDT

Apple given time to block info in GT bankruptcy case: ruling

Apple Inc (AAPL.O) will have at least three days to review and potentially move to bar any information about its relationship with GT Advanced Technologies Inc (GTAT.O) that may arise during the latter's bankruptcy hearings, the court said in a ruling on Thursday.

Oct 10, 2014 11:42 AM EDT