NEW YORK – Stocks that moved substantially or traded heavily Tuesday: Continue Reading Below Caterpillar Inc., up $6.56 to $138.24 The construction equipment company raised its profit forecast after a strong third-quarter. 3M Co., up $13.10 to $234.65 The maker of Post-it notes and industrial coatings forecast a larger profit […]
FOX Business News
Prosecutor: Ex-jail guard union boss traded duty for bribes
NEW YORK – The former head of the nation’s largest municipal jail guard union traded his duty to workers for a luxury handbag filled with cash, a prosecutor said Tuesday in opening statements at his bribery trial. Continue Reading Below Assistant U.S. Attorney Martin Bell said Norman Seabrook accepted $60,000 […]
US vaccine panel to discuss waning effectiveness, new shots
NEW YORK – Two years ago, George Green got stabbing pain and bad blisters around his right arm. It was the worst case of shingles his doctor had ever seen. Continue Reading Below “I said, ‘Wait a minute, I had the vaccine! How come I got this?’” recalled Green, a […]
Sears dumps Whirlpool appliances, but will it backfire?
Sears Holdings (SHLD) has severed a century-long relationship with Whirlpool (WHR) due to a dispute over pricing, even as the floundering retailer struggles to fend off growing competition in appliance sales. Continue Reading Below The department-store chain will stop selling Whirlpool’s appliances, including the Maytag, KitchenAid and Jenn-Air brands, according […]
Lord & Taylor selling flagship Fifth Avenue store to WeWork
NEW YORK – Lord & Taylor’s flagship store in Manhattan, known for its holiday displays along Fifth Avenue, is being sold to the office space sharing company WeWork. Continue Reading Below The nearly 100-year-old building will be converted to WeWork headquarters, with less than a quarter of the space remaining […]
Fiat Chrysler asks for new trial after $40M Jeep fire award
ATHENS, Ga. – Fiat Chrysler is asking Georgia’s highest court for a new trial after the family of a child who died in a Jeep fire was awarded $40 million. Continue Reading Below If the Georgia Supreme Court isn’t willing to go that far, Fiat Chrysler is asking for the […]
GOP lawmakers propose new conditions on health bill
WASHINGTON – Two top Republicans are proposing a bill for restoring federal payments to insurers that includes tough conditions sought by the White House and congressional conservatives. It has no chance of passing the Senate, where Democrats have enough votes to kill it. Continue Reading Below The plan would pay […]
Interior to offer largest oil and gas lease sale in US
WASHINGTON – The Interior Department says it will propose the largest oil and gas lease sale ever held in the United States — nearly 77 million acres in the Gulf of Mexico off the coasts of Texas, Louisiana, Mississippi, Alabama and Florida. Continue Reading Below The sale is scheduled for […]
Markets Right Now: Wall Street gets lift from Caterpillar
NEW YORK – The latest on developments in financial markets (All times local): Continue Reading Below 12:05 p.m. U.S. stocks are rising led by industrial companies and banks as major indexes recover some of the previous day’s losses. Among industrial companies, Caterpillar reported better-than-expected third-quarter results and jumped 4.8 percent […]
Big gains for Caterpillar and 3M lead US stocks higher
NEW YORK – U.S. stocks are rising Tuesday as construction equipment maker Caterpillar and Post-it note maker 3M lead a rally in industrial companies, while banks are climbing along with interest rates. Technology companies are also advancing. Steep losses for drugmakers Biogen and Eli Lilly and health insurer Centene are […]