Economy

'The Lion King' Broadway Tickets 2014 & Disney Songs: Theater Gross Tops $6.2 Billion, Overtaking 'Phantom of the Opera'

Disney is no longer saying, "I just can't wait to be King," for it has become one. With over $6.2 billion in ticket sales worldwide, "The Lion King" has become the highest-grossing Broadway show in history, surpassing the longest-running show, "The Phantom of the Opera."

New York City Mayor Bill de Blasio Introduces Sweeping Plan to Reduce Greenhouse Emissions by 80 Percent by 2025

Before the People's Climate March on Sunday, New York Mayor Bill de Blasio announced a plan to commit the city to reducing greenhouse gas emissions by 80 percent in just 10 years with sweeping retrofits to public and private buildings.

Colorado Taco Cart Had Meth on Menu

Taco cart part of Colorado's largest meth bust in history Denver will be down a food truck after a taco cart operator, along with 16 others, were busted for selling methamphetamine in an international operation.

Cheap Gas Prices: Cost of Fuel Drops Significantly; Trend Expected to Continue in Winter Months

Gas prices could continue to fall a few more cents Gas prices hit their lowest levels since February, dropping almost 9 cents in the last two weeks through Friday Sept.

Alibaba and China's slowdown: James Saft

Is it a) funny, b) disturbing, or c) irrelevant that Alibaba went public at a sky-high valuation just at the point at which the red-hot economy which spawned it seems content to settle into a creaky middle age?

China September factory activity edges up on stronger orders but employment shrinks

Activity in China's manufacturing sector unexpectedly picked up in September even as factory employment slumped to a 5-1/2-year low, a survey showed on Tuesday, a potential source of worry for Communist leaders who prize social stability above all else.

Facebook to introduce new advertising platform : WSJ

Facebook Inc is set to unveil a new advertising platform to improve effectiveness of online ads, the Wall Street Journal reported on Monday citing people with knowledge of the matter.

GM Ignition Switch Recall: Car Company Now Blamed For 21 Deaths Due to Faulty Ignition Switch

Company has claimed just 13 of those deaths The number of deaths being blamed on a faulty ignition switch in vehicles made by General Motors has been increased to 21.

Immigration Reform Would Help US Economy, Says House Speaker John Boehner: 'Sooner We Do It, The Better'

The House of Representatives has not passed an immigration reform bill, but Speaker of the House John Boehner, R-OH, said legislation would help the country's economy.

Chrysler Recall 2014: 230,000 SUVS Affected Due to Faulty Fuel Pump

No accidents or injuries have happened due to fuel pump problem Chrysler Group is recalling 230,760 sport utility vehicles across the globe due to a faulty fuel pump that could cause some vehicles to stall or not start.

iPhone 6/6 Plus Price, Pre-Order & Release Date Sales 2014: 10 Million Devices Sold in Opening Weekend

Apple said they sold over 10 million iPhone 6 models in first weekend Just one weekend down for the iPhone 6 and already 10 million excited customers have the latest device, according to Apple.

Siemens in agreed $7.6 billion deal to buy Dresser-Rand

Industrial conglomerate Siemens AG SIEGn.DE said on Monday it would buy U.S. oilfield equipment maker Dresser-Rand Group Inc DRC.N for $7.6 billion in a move that would significantly boost the German company's oil and gas business in North America.

General Motors recalls cars over parking brake fire risk

U.S. car manufacturer General Motors Co is recalling hundreds of thousands of cars over a defect in the parking brake that could cause a fire, a letter by the top U.S. auto safety regulator showed.

Volkswagen seeks higher margins with China-only luxury sedan: sources

Volkswagen AG will launch a VW-badged luxury sedan designed solely for China next year in its pursuit of higher margins, said two people with knowledge of the plan, in a move that could put it in direct competition with its premium brand Audi.

Bank of America shares to rise 50 percent in three years: Barron's

Bank of America Corp , the second-largest U.S. bank by total assets, could see its shares climb 50 percent over the next three years, Barron's financial newspaper said on Sunday.

SoftBank estimates $4.6 billion gain from Alibaba listing

Japan's SoftBank Corp said it expected a gain of about 500 billion yen ($4.6 billion) from Alibaba Group Holding's share listing in New York, where the Chinese e-commerce leader surged 38 percent on its first day of trade.

National Latino Media Council's Diversity Report Rates TV Networks 'Mediocre'

The annual review considers eight categories of Latino inclusion, and the diversity performance of the nation's television networks -- ABC, CBS, FOX and NBC -- during the 2013-2014 season and assigns "Good," "Mediocre" and "Bad" ratings based on who's working in the industry.

Pabst Blue Ribbon Sold to Russian Company: Hipster Beer 'PBR' Purchased by Oasis Beverages

Pabst Brewing Co. was acquired for an undisclosed amount in a fast-growing sector of the craft beer industry.

Alibaba IPO Stock & Shares Update: Trade Opens Higher Than Expected Despite Delay

Despite delay, trading opened higher than expected Chinese e-commerce titan Alibaba had its initial public offering debut delayed for two hours on Friday because of an imbalance of orders over the much-hyped IPO.

Latinos and Healthcare Insurance: Challenges for Largest Uninsured Minority Group Ahead of Obamacare Second Enrollment Period

The second open enrollment period for the Affordable Care Act's Federal Marketplace is scheduled to reopen in two months, and health care agencies have been learning how to decrease the rate of uninsured Latinos.