LOS ANGELES -- Despite a boost from Cookie and Lucious, Rupert Murdoch's empire, 21st Century Fox, failed to hit the fiscal second-quarter revenue notes that Wall Street had hoped to hear.
The Fox broadcast network delivered a strong performance for the quarter ended Dec. 31, with higher revenue for its NFL programming and primetime lineup, ...Read more
SAN FRANCISCO -- Yelp, which has made a name for itself by practically creating the market for consumers to give reviews and recommendations online, heard from its investors Monday after the surprise announcement that Chief Financial Officer Ron Krolik will leave the company.
Adding to the surprise was when the report of Krolik's departure ...Read more
WASHINGTON -- President Barack Obama will ask Congress to double funding for the U.S. Securities and Exchange Commission and the Commodity Futures Trading Commission over the next five years, bolstering two financial regulators that the White House sees as integral to curbing Wall Street excesses.
Obama will propose the increases in the fiscal ...Read more
Chipotle will spend up to $10 million on an initiative to help its smaller suppliers produce safer meat and vegetables, company founder, chairman and co-CEO Steve Ells said.
Ells made the announcement during Chipotle's companywide meeting Monday morning, parts of which were broadcast on live video streaming service Periscope.
The money will be...Read more
DETROIT -- The National Highway Traffic Safety Administration is expanding and upgrading its investigation into electronic gear shifters on more than 856,000 Chrysler, Dodge and Jeep vehicles.
At issue is an electronic gear shifter used to put vehicles in park, drive, reverse or neutral.
The NHTSA said it is concerned that the design of the ...Read more
NEW DELHI -- India's telecom regulator on Monday ruled against differential pricing for Internet services, in a move that effectively bars Facebook's Free Basics initiative in the country.
The initiative grants free access to a handful of selected sites, including Facebook, Wikipedia, the BBC as well as weather and health services.
Critics ...Read more
WASHINGTON -- Janet Yellen is preparing to walk a tightrope.
When the Federal Reserve chair addresses lawmakers this week in Washington, she will have to strike a balance between sounding confident on the domestic economy and acknowledging increased risks from abroad. Two weeks after officials signaled interest rates may rise more slowly than ...Read more
SAN FRANCISCO -- The recent negativity shown toward many Internet companies hit Twitter hard Monday, as the social-media leader's stock price fell to its lowest level ever ahead of its upcoming quarterly earnings report.
Shortly after trading began, Twitter shares fell more than 5 percent, to $14.87, hitting their lowest point since the company...Read more
The SiegeJames Hanna
One hundred inmates hold twelve guards hostage in the laundry dorm of the Indiana Penal Farm. Tom Hemmings, a dorm counselor, has been conscripted to defuse the standoff. But the inmates are divided into rival gangs, the guards into feuding unions. And the prison administration has sparked ...
Step aside, Cam. This Bud's for Peyton.
After winning the Super Bowl on Sunday night, perhaps his last game before retiring as one of football's most accomplished quarterbacks, Denver Broncos quarterback Peyton Manning said -- not once, but twice -- that he plans to drink a lot of Budweiser in celebration.
"I want to go kiss my wife and my ...Read more
Hyundai's "First Date" commercial featuring comedian Kevin Hart was the winner of USA Today's annual poll of favorite Super Bowl spots.
The commercial for the new Hyundai scored an average of 6.91 in the survey recognized as the leading indicator of Super Bowl spot popularity. The results are based on the opinions of 19,000 panelists who ...Read more
LOS ANGELES -- Chipotle closed all of its U.S. restaurants for part of the day Monday so its employees could attend a company-wide meeting to discuss food safety changes and staff could ask questions.
All restaurants of the Denver-based burrito chain were to reopen at 3 p.m. in their respective time zones. As of December, Chipotle Mexican Grill...Read more
BEIJING -- To take stock of the Chinese economy, you can look at any number of traditional measures: Gross domestic product is growing at a slower pace, the equity markets are plunging, the currency's value is ebbing.
And now there's another indicator of change: The rent-a-foreigner market appears to be weakening, and going downscale.
Just a ...Read more
MINNEAPOLIS -- For 95 years, Betty Crocker's official portrait has radiated cooking confidence.
She might sprout worry lines if she were contemplating General Mills' baking business.
Sales of Betty Crocker baking mixes, a classic General Mills offering, have been in the dumps for over two years. Another major part of the General Mills baking ...Read more
PITTSBURGH -- Pittsburgh lawyer Ron Roteman recently met with a client who wanted to have about $400,000 in debts wiped clean by declaring a Chapter 7 bankruptcy, but after scanning the client's balance sheet, Roteman knew right away he was better off not filing.
The client had just inherited an individual retirement account from his deceased ...Read more
Free checking accounts are slipping away, with only 46 percent of banks still offering them to their customers.
That's a major change from 2009, when more than 78 percent of banks offered the freebie, according to a national survey done by bank research firm Moebs Services.
Yet most credit unions are still offering free checking, even though a...Read more
Increasingly, charitable donors are interested in "impact investing" with their philanthropically committed capital. They are seeking more creative ways to align their investments with their missions.
In the Tax Reform Act of 1969, the Internal Revenue Code permitted a giving vehicle for foundations called program-related investments, or PRIs. ...Read more
MILWAUKEE -- Erik McKenna does not gripe when he's working at an unheated construction site in the dead of winter or if it's too hot in the summer.
He has experienced worse. Much worse.
The fourth-year sheet metal apprentice served two tours in Afghanistan in the 173rd Airborne, earning an Army Commendation Medal for Valor when he helped ...Read more
CHICAGO -- McDonald's recently reported its best U.S. sales performance in almost four years, and much of it was credited to menu changes.
Plan, test, feedback, tweak, repeat. For the world's largest burger chain in the midst of a comeback, every step is especially vital.
There was a time when McDonald's took years to introduce menu items. Now...Read more
Who would have thought you could run into a field of land mines just trying to slash a few bucks off your student loan payment each month?
It's bad enough that many college grads and others who took out student loans find it tough to pay the bills. But increasingly, they must dodge bad actors trying to take advantage of their...Read more
When you're young and juggling lots of financial responsibilities, from repaying student loans to saving up for a down payment on a home, you may have only a few dollars left over each month to put away for retirement.
The problem is, you generally need a lot more than just pocket change to invest in the mutual funds that will help grow your ...Read more