Economy

Tesco Boss Says Company Needs Culture Change

Tesco needs to make changes in the way it operates, its new boss told employees after a week which saw an accounting scandal at the British grocer wipe 3 billion pounds from its stock market value.

US Department of Defense Proposes New Financial Protection Rules for Military Families

Department of Defense is closing loopholes and expanding credit protections for military families after reports revealed service members were being exploited by high interest rates and complex loan agreements.

Obamacare and Latinos: Uninsured Latino Rates Drop Among Young and Low-Income After First ACA Enrollment Period

The number of uninsured Latinos has dropped in the U.S., and credit is being given to the Affordable Care Act.

Stock Market News Update: Dow Jones Closes Up Over 165 Points, Nike Soars

Nike jumps over 12 percent Stocks bounced back from their Thursday losses and jumped higher Friday. The Dow Jones Industrial Average climbed higher by over 165 points and Nike soared after reporting better than expected numbers.

Music Sales Down Five Percent This Year, According to RIAA

2014 so far has trailed 2013 by about 5 percent, according to the Recording Industry Association of America's mid-year Shipment and Revenue report.

Google Fires Back at News Corp; Defends Search, Piracy Practices

Google Inc hit back at News Corp on Thursday for calling it a platform for piracy and an "unaccountable bureaucracy," in a point-by-point rebuttal that stressed the Internet search company's commitment to fighting online crime.

Grotesque, Quirky 'Boxtrolls' Find Home on Margins of Animation

As the hipsters of animation, Portland, Oregon-based Laika studios is not afraid to play on the fringe with its latest film "The Boxtrolls," and its lead stars are not your average cute animated monsters.

Japan PM Abe Says Seeks Better Ties with China, South Korea, Russia

Japanese Prime Minister Shinzo Abe said he wants to improve relations with China,South Korea and Russia, while acknowledging difficulties facing ties with his country's Asia-Pacificneighbors.

Dollar Holds Near Four-Year Highs as Yield Advantage Lures Funds

The dollar held near a four-year high against a basket of major currencies on Friday, and further gains looked likely for the U.S. currency as it boasted its the biggest yield advantage over the euro in 15 years.

Stock Market Report: Dow Jones Falls by Over 260 Points

Apple takes a big hit too. Wall Street has not seen a day this bad in nearly two months. The Dow Jones fell over 260 points and Apple fell almost 4 percent on a day that kept many investors home for the Jewish holiday Rosh Hashanah.

Jobs and Employment Statistics: US Jobless Claims Report Better Than Expected

Job report could point to a firming of the labor market Less Americans than expected filed new claims for unemployment benefits last week, indicating that job growth may be speeding up in the U.

Jimmy John's Credit Card Security Breach: More than 200 Locations Affected; Company Says Issue is Fixed

More than 200 stores were affected by the security breach, which began in June and ended in early September. However, Jimmy John's says it has remedied the problem and has put in place new security measures.

Microsoft Offers Free Programming Courses to Thousands of Latin Americans

Computer software giant Microsoft is working to teach young Latin Americans the joys of computer programming through its recently launched I Can Program initiative.

Apple iPhone rollout marred by ‘bendgate,’ dropped cell service

Two new Apple products hit speed bumps on Wednesday:iPhone 6 Plus buyers discovered their phones can bend when placed in back pockets, and the company pulled its latest mobile operating system after reports of dropped cellular service.

Exclusive: Not waiting for JPMorgan, Mercuria plots global metals push

Swiss commodity trader Mercuria, known best for its energy prowess, is mounting an audacious challenge to metal trading titans like Glencore Plc and Trafigura AG [TRAFGF.UL], but not in the way that industry sources had expected.

GM compensation fund makes first offers to victims, gets more claims

The fund to compensate for deaths or injuries linked to General Motors Co vehicles with faulty ignition switches this week made its first cash offers to about 15 people, the office of the lawyer overseeing the program said on Wednesday.

Euro eyes 2013 trough, dollar extends winning ways

The euro languished near a 14-month trough early in Asia on Thursday after surrendering overnight to stop-loss selling as a major chart bulwark at $1.2800 gave way.

Amazon's head of digital music, video to depart

Amazon.com Inc's head of digital music and video is departing the e-commerce company by the end of the year, a company spokeswoman said on Wednesday.

Fox Network Considers Purchasing Starz

Executives from 21st Century Fox and Starz met Tuesday to discuss a potential acquisition of the premium cable channel by Rupert Murdoch’s media conglomerate.

Stock Market News and Analysis: Dow Jones Jumps Over 150 Points After Positive Data

Dow ends 3-day slide Stocks pointed higher Wednesday and rallied up 150 points after positive new home sales news and Europe showing signs of more economic stimulus.