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Asia stocks gain after robust US growth report

a shared story    5 minutes ago
SEOUL, South Korea (AP) -- Asian stocks climbed Friday after strong U.S. economic growth and upbeat earnings sent Wall Street higher. The dollar continued to strengthen after the Fed signaled a rate hike earlier this week.... 

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Wal-Mart to expand discounts as retail price war heats up

a shared story    5 minutes ago
(Reuters) - Wal-Mart Stores Inc said it will expand its offering of discounted products during the holiday season and may broaden a price-matching scheme to include online rivals, in the latest sign of an escalating price war among big U.S. retailers.  

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On brink of financial collapse, state lawmakers struggle with budget passage

a shared story    297 weeks 4 days 2 hours 11 minutes ago
Lawmakers continued struggling to pass a budget this afternoon after working nearly around the clock to end a three-month impasse that has brought California to the brink of fiscal collapse. An all-night legislative session failed to yield enough Republican votes for the spending plan, as GOP legislators...(more) 

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Citigroup legal costs up by $600m

a shared story    1 hour 5 minutes ago
Investment bank Citigroup puts aside an extra $600m to cover legal expenses due to "rapidly evolving regulatory inquiries". 

Bikes help commuters get around gas prices

a shared story    329 weeks 2 days 13 hours 22 minutes ago
High gasoline prices are fueling bicycle sales, and on some days Michael Hall's blood pressure. At least three times a week, Hall pedals to his job in Hollywood from his home in northern Glendale, a 25-mile round-trip commute that is faster on two wheels than four. "It's definitely...(more) 

Wholesale prices soar in June; sales are sluggish

a shared story    328 weeks 2 days 14 hours 45 minutes ago
The economy showed the depth of its twin problems on Tuesday, slow growth and rising inflation, as the nation wrestled with a teetering financial system, a slumping dollar and rising prices for food and fuel. The Labor Department reported that soaring costs for gasoline and food pushed...(more) 

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Starbucks plans delivery after sales fall short

a shared story    6 hours 5 minutes ago
NEW YORK (AP) -- After reporting disappointing quarterly sales Thursday, Starbucks said it will offer a delivery option on its mobile app in select areas of the U.S starting next year.... 

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Western Union beats as more people use Web, mobile money transfer

a shared story    6 hours 5 minutes ago
(Reuters) - Western Union Co , the world's largest money-transfer company, reported a better-than-expected quarterly profit as lower prices drew more customers, particularly to its digital money transfer business.  

In Silicon Valley, more homeowners are spending more than half their income on housing

a shared story    316 weeks 4 days 10 hours 54 minutes ago
Laura Meneses made the same fateful choice that thousands of local home buyers have made since 2004: She decided to spend most of her family's income on housing. Over the last four years, the number of Santa Clara County homeowners who spend over half their income on...(more) 

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Price to PepsiCo for Not Being in Court: $1.26 Billion

a shared story    261 weeks 1 day 1 hour 12 minutes ago
What's the cost of not showing up to court? For PepsiCo Inc., it's a $1.26 billion default judgment. A Wisconsin state court socked the company with the monster award in a case alleging that PepsiCo stole the idea to bottle and sell purified water from two...(more) 

As Finances Tighten, Furloughs Give Way to Pay Cuts

a shared story    221 weeks 1 day 23 hours 20 minutes ago
The furloughs that popped up during the recession are being replaced by a highly unusual tactic: actual cuts in pay. 

Jobs outlook weak as state's unemployment rate hits 6.9% in June

a shared story    327 weeks 5 days 20 hours 57 minutes ago
California's jobless rate crept ahead Friday as experts saw weakness spreading into new areas of the economy. For months, job losses were concentrated in the state's housing industry. But with June's increase of one-tenth of a percentage point to 6.9%, it was evident that a broader downturn...(more) 

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