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U.S. News

U.S. shares falter as Wall Street tumbles, bond prices fall

Global equity markets fell on Wednesday, reversing earlier gains driven by solid corporate earnings and mild U.S. inflation data that may let the Federal Reserve keep interest rates lower...

Posted on 10-22-2014 at 4:59 PM

China food scandal, tough U.S. competition pummel McDonald’s

McDonald’s Corp reported a 30 percent fall in quarterly profit due to a food scandal in China and tough competition in the United States, and the world’s largest restaurant chain said these...

Posted on 10-21-2014 at 9:56 AM
McDonald’s may sell more organic foods in bid to boost sales

McDonald’s may sell more organic foods in bid to boost sales

Fast food monolith McDonald's may embrace organic eats to better compete with "fast casual" fare.

Posted on 10-21-2014 at 7:33 PM

Coca-Cola profit falls; company expands cost-cutting

Coca-Cola Co. said that its quarterly profit fell 14 percent and that it was expanding cost-cutting initiatives as carbonated beverage volumes in North America declined.

Posted on 10-21-2014 at 8:04 AM

U.S. housing recovery rolls on as groundbreaking rises

U.S. housing starts and permits rose in September, a signal the market's modest recovery is supporting what appears to be growing strength in the broader economy.

Posted on 10-17-2014 at 9:57 AM

Chair of the Federal Reserve ain't Yellen for a lot of cash

Federal Reserve Chair Janet Yellen makes less than 113 tther staffers at the Federal Reserve. Yellen, whose salary is set by Congress, earns $201,700 a year. Top earners among staff make an...

Posted on 10-17-2014 at 7:19 AM

AbbVie board ditches planned $55 billion Shire acquisition

U.S. drugmaker AbbVie has pulled the plug on its plan to buy Dublin-based Shire, recommending shareholders vote against the planned $55 billion takeover following new U.S. tax rules.

Posted on 10-16-2014 at 7:09 AM

Time Warner to launch HBO as streaming broadband service

Time Warner Inc's HBO will launch a standalone online streaming service next year to make hit shows such as "Game of Thrones" available to people who do not subscribe to cable television.

Posted on 10-15-2014 at 1:10 PM

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