U.S. stocks climbed to record highs on Monday amid optimism about merger activity and as investors bet that a Republican plan to cut corporate taxes would bolster earnings. Continue Reading Below The Dow Jones Industrial Average rose 9.23 points, or 0.04 percent, to 23,548.42, the S&P 500 gained 3.29 points, […]
FOX Business News
Anthem picks former UnitedHealth executive to become CEO
INDIANAPOLIS – Blue Cross-Blue Shield insurer Anthem has picked a former top executive from its biggest competitor to replace Joseph Swedish as its next CEO. Continue Reading Below Anthem said Monday that Gail K. Boudreaux will start Nov. 20. Swedish will serve as executive chairman until May and then as […]
Jury seated in fraud trial of former Pilot executives
CHATTANOOGA, Tenn. – A jury was seated Monday in the federal fraud trial of for former executives at the truck stop chain controlled by the family of Cleveland Browns owner Jimmy Haslam and Tennessee Gov. Bill Haslam. Continue Reading Below The trial, which is expected to last up to six […]
Correction: Gas Pipeline Fight story
TOLEDO, Ohio – In a story Nov. 3 about Ohio suing the developer of a natural gas pipeline, The Associated Press reported erroneously the amount of the proposed fines against the Rover pipeline. It is $2.3 million, $2.3 billion. Continue Reading Below A corrected version of the story is below: […]
Why Colfax Stock Got Crushed This Morning
What happened Continue Reading Below Shares of industrial equipment-maker Colfax Corporation (NYSE: CFX) fell as much is 21% in early trading Monday. Colfax reported its Q3 2017 earnings Monday morning, wherein pro forma profits of $0.42 per share net Wall Street’s expectations, but sales of $844.5 million fell far short […]
Casino files for bankruptcy in South Dakota city
DEADWOOD, S.D. – A hotel and casino in the western part of South Dakota has filed for bankruptcy protection just two months after actor-director Kevin Costner shuttered the doors on his area casino. Continue Reading Below The Celebrity Hotel and Casino filed documents seeking protection from creditors last week in […]
Top tips retirees wish they had known
There are mounting challenges for retirees as the average lifespan increases, but some Americans still aren’t saving enough. Continue Reading Below The median amount working-age families in the United States have saved for retirement is $5,000, according to the Economic Policy Institute, and nearly half of American families have no […]
Get Started: Mixed small business reception for GOP tax plan
SMALL BUSINESS TAX PROPOSAL Continue Reading Below The GOP’s proposed tax overhaul is getting a mixed reaction from small business advocates, with some saying they hope the plan will be revised as it makes its way through Congress. The biggest misgivings were over Republican lawmakers’ plan to tax 70 percent […]
Town weighing effects of taller buildings near Grand Canyon
TUSAYAN, Ariz. – Seconds after rounding the highway curve on the final stretch to the Grand Canyon’s South Rim entrance, the first sign appears: Yes on 400. Housing. Jobs. Independence. Continue Reading Below The ballot measure being decided Tuesday is the latest push in a decadeslong effort to build new […]
US stocks rise as $103B chipmaker deal lifts tech stocks
NEW YORK – U.S. stocks are edging higher Monday as chipmakers jump on Broadcom’s $103 billion offer to buy competitor Qualcomm. However phone companies are sinking after wireless carriers Sprint and T-Mobile said they’ve called off talks on a possible deal. Crude oil jumped to its highest price since mid-2015 […]