S&P 500 Ends At Record On Jobless Data
Investors were looking for any reason to look past the cold weather that has hampered the U.S. economy in the last few weeks, and they found it.
Stocks mostly rose Thursday, helped by a report that showed the number of people who filed for unemployment benefits fell last week to the lowest level in three months. The gains were enough to give ...
Staples to Shutter 225 Stores as Sales Move Online
Staples will close 225 stores by the end of next year and the office-supply retailer is initiating a plan to save about $500 million annually by 2015,
The Framingham, Mass., company says nearly half of its sales are now generated online, so it will aggressively cut costs to become more efficient. The closings, all in North America, will ...
RadioShack to Close Up to 1,100 U.S. Stores
RadioShack plans to close up to 1,100 of its underperforming stores in the U.S. and reported a wider loss for its fourth quarter as traffic slowed during the critical holiday season.
The stock tumbled more than 24 percent in Tuesday premarket trading.
The store closings would leave RadioShack with more than 4,000 stores.
For the period ended ...
Standard & Poor's 500 Index Closes at Record High
The Standard & Poor's 500 index is closing at a record high and has turned positive for the year.
The all-time high Thursday came after solid results from a number of U.S. companies including Mylan, a drug maker, and several retailers.
The S&P 500 has fallen just short of a record the previous three days.
On Thursday, the index ...
Airline Perks That Offer The Luxury Of Privacy
Airlines are once again upping the ante in their international first-class service. But this time, it has little to do with fancy meals or comfy chairs. The carriers are focused on letting wealthy fliers pass through airports without having to mingle with the masses.
Among the recent additions:
— American Airlines now offers its ...
Some Travelers Win, Some Lose in Delta Changes
Delta Air Lines Inc. announced Wednesday that it will base miles earned in its loyalty program on how much passengers spend.
That means travelers who pay more for their ticket will earn more miles than a passenger in the next seat who bought a cheaper ticket. And passengers who hold elite status in Delta's SkyMiles frequent-flier program will ...
Big Changes Ahead for Frequent Fliers on Delta
Delta Air Lines is making fundamental changes to its frequent flier program and will reward those who buy its priciest tickets, as opposed to those who fly the most miles.
It will be the first major carrier to make such a change and other airlines will certainly be watching to see how travelers react to the change.
Delta said Wednesday ...
BlackBerry Announces New Phones, Services
BlackBerry will release a low-cost phone in Indonesia in April and plans a broader release of a phone that restores a beloved row of control keys with a track pad.
The Indonesia phone, the Z3, will sell for less than $200 without subsidies, the company said Tuesday. It will later expand to other markets in southeast Asia. BlackBerry ...
WhatsApp To Add Voice To Messaging Service
WhatsApp, the popular messaging service for smartphones acquired this week by Facebook, will soon be offering a voice service.
CEO Jan Koum said the voice service will be deployed for Android and iPhones this spring, with Blackberry and Microsoft and Nokia phones coming later.
“We are going to introduce voice in WhatsApp in the second quarter ...
US Average Gas Price Jumps 12 Cents Per Gallon
The average cost of a gallon of regular gasoline rose 12 cents, to $3.41, during the past two weeks.
That's according to a survey released Sunday.
Industry analyst Trilby Lundberg cited changes in the price of crude oil because of violence in the petroleum-producing nations of Venezuela and South Sudan.
Although Lundberg says she expects ...
Microsoft Plans Spring Windows, Phone Updates
Microsoft will update its Windows system this spring to address some of the gripes people have had when they use devices without touch capabilities.
Windows 8 and last fall's 8.1 update were designed for a touch environment. But some of the gesture commands don't translate well when using traditional mouse and keyboard controls.
Among other ...
WhatsApp: A $19 Billion Bet For Facebook
Facebook is placing a $19 billion bet on reaching its next billion mobile users with the acquisition of WhatsApp, a popular messaging service that lets people send texts, photos and videos on their smartphones.
The $19 billion deal is by far Facebook's largest and bigger than any that Google, Microsoft or Apple have ever done. But it is likely to ...
Coca-Cola's Profit Slips As US Soda Sales Flag
Coca-Cola says its fourth-quarter profit fell as the world’s biggest beverage maker once again sold less soda in North America.
The maker of Sprite, Dasani and Vitaminwater water says sales volume declined 1 percent in North America. That reflected a 3 percent decline in soda, which offset improved performance by noncarbonated drinks such as ...
Average 30-Year US Mortgage Rate Up to 4.28 Percent
The average U.S. rate on a 30-year fixed mortgage edged up this week to 4.28 percent from 4.23 percent but remains near historically low levels after declining during the five previous weeks.
Mortgage buyer Freddie Mac says the average for the 15-year loan was unchanged at 3.33 percent.
Mortgage rates have risen about a full percentage point ...
Wheat Prices Rise on Supply Worries; Oil Higher
Wheat futures rose Monday as traders worried about tight supplies. Crude oil closed above $100 a barrel for the first time this year, and the price of natural gas fell sharply.
Wheat for March delivery rose 7.25 cents, or 1.3 percent, to settle at $5.8475 a bushel Monday.
Prices rose after the U.S. Department of Agriculture increased its ...
US Gas Prices Dip 2 Cents Per Gallon Nationwide
The average price of regular gasoline in the U.S. has fallen 2 cents a gallon during the past two weeks.
Industry analyst Trilby Lundberg said Sunday a gallon of regular now costs $3.29 on average. Gas is 30 cents a gallon cheaper than this time last year
Lundberg says the price has dropped more than a nickel per gallon in the past month, but ...
US Stocks End Higher; Dow Has Its Best Day of 2014
After a rocky start to the week, U.S. stocks roared back on Thursday, giving major stock indexes their biggest gain of the year.
The Dow Jones industrial average and the S&P 500 index each closed up 1.2 percent, their largest single-day increase since Dec. 18.
The rally helped the market rebound a day after a modest loss and ...