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U.S. consumer sentiment dips in preliminary August reading

U.S. consumer sentiment fell in August to its lowest since last November while a barometer of current economic conditions rose to its highest since July 2007, a survey released on Friday showed.

Aug 15, 2014 3:53 PM EDT

Personal Finance

When airport clubs are worth the money

When you fly several times a month, as Gabriella Ribeiro Truman does, finding a comfortable place to wait for a flight and grab a snack can make traveling a lot more enjoyable.

Personal Finance

Phased retirement: How Washington is leading the way

Gwendolyn Ross will turn 66 in November, but she isn’t ready to retire. A deputy comptroller for the U.S. Coast Guard in Miami Beach, Florida, she hopes to work until she’s 70 - but she would like to cut back her hours.

News

Porsche prevails at U.S. appeals court over VW short squeeze

Porsche Automobil Holding SE persuaded a U.S. federal appeals court to uphold the dismissal of a lawsuit by more than 30 hedge funds that accused the German automaker of fraudulently cornering the market in Volkswagen AG shares.

FedEx indicted on new criminal charges in online pharmacy case

FedEx Corp faces a new charge of conspiring to launder money in a U.S. criminal case over the company's drug deliveries for rogue online pharmacies despite warnings from law enforcement.

Aug 15, 2014 3:30 PM EDT

Exclusive: Bombardier, Hitachi lead bids for Finmeccanica's rail units - sources

Canadian plane and train maker Bombardier and Japanese industrial giant Hitachi are the two frontrunners to buy Finmeccanica's rail subsidiaries, several sources close to the auction process said.

Aug 15, 2014 3:28 PM EDT

Exclusive: Shake Shack fast-food chain preparing for an IPO - sources

Shake Shack, the fast-food restaurant chain famous for its hamburgers and milkshakes, is preparing to go public, seeking to tap stock market demand for popular casual dining companies, according to people familiar with the matter.

Aug 15, 2014 3:14 PM EDT

Holders of Argentina eurobonds plan to appeal U.S. court ruling

Holders of euro-denominated Argentine bonds plan to appeal a U.S. judge's ruling blocking the country from making payments on their debt, according to a court filing on Friday.

Aug 15, 2014 3:11 PM EDT

Electrolux in talks to buy GE's appliances business

World number two home appliances maker Electrolux said on Thursday it was in talks to buy General Electric's household appliances business.

Aug 14, 2014 1:52 PM EDT

Wall St. edges up after Putin comments, Cisco falls

U.S. stocks edged higher on Thursday after conciliatory comments by Russian President Vladimir Putin eased concerns about the country's tense situation with Ukraine and overshadowed signs of weakness in the European economy.

Aug 14, 2014 1:51 PM EDT

GM to invest $2.8 billion in Brazil in five years: CEO

General Motors Co will invest 6.5 billion reais ($2.8 billion) in Brazil over the next five years, Chief Executive Officer Mary Barra said on Thursday.

Aug 14, 2014 1:49 PM EDT

Deutsche Bank, BayernLB agree to settle $810 million U.S. suit

Deutsche Bank, Germany's largest bank, and state-backed lender BayernLB [BAYLB.UL] have agreed to settle an $810 million lawsuit in connection with residential mortgage-backed securities, or RMBS, that Deutsche sold to BayernLB.

Aug 14, 2014 1:48 PM EDT

Berkshire Hathaway stock hits new milestone at $200,000

Berkshire Hathaway Inc's share price on Thursday crossed $200,000 for the first time, the latest milestone for the company that Warren Buffett built over nearly five decades into what some analysts view as a microcosm of the U.S. economy.

Aug 14, 2014 12:44 PM EDT

Jobless claims up, trend favors strong labor market

The number of Americans filing new claims for unemployment benefits rose more than expected last week, but the increase did little to change views that the labor market was strengthening.

Aug 14, 2014 12:42 PM EDT