Category: Economy

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Sprint to end NASCAR sponsorship in 2016

Sprint, NASCAR's premier Cup Series supporter since 2004, has announced that it will not extend its sponsorship when the current agreement expires in ...
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Companies Sign Up for Apple Pay

The company announced this week that there are dozens of companies including retail stores, startups, and banks that signed up for Apple Pay. This is ...
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NAHB survey: U.S. homebuilder sentiment falls in December

An index measuring homebuilder sentiment fell in December, according to an industry survey released Monday, providing mixed signs for the recovery in ...
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U.S. manufacturing output in November tops pre-recession peak level

Manufacturing output in the U.S. rose above its prerecession high this fall, a sign that the world's largest economy is holding its own amid signs of ...
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Apollo about to complete $8B PetSmart acquisition

According to sources knowledgeable with the transaction, Apollo Global Management LLC, the buyout firm owned by billionaire Leon Black, is nearing co...
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Sony hacking scandal expands and grows deeper

The Sony Corp hacking scandal has grown deeper, with detailed and identifiable health information on more than three dozen employees and their familie...
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Berkshire Hathaway hedges on oil, purchases logistics firm Charter Brokerage

Berkshire Hathaway Inc, the investment firm of the venerated Warren Buffett, announced it was sinking more funds into the oil business by purchasing o...
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France credit rating lowered to “AA” by Fitch on country’s fiscal troubles

The credit rating of France was lowered by ratings agency Fitch on Friday by one notch to "AA", citing insufficient efforts by the government to reduc...
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Hortonworks IPO above price range

Big data company HortonWorks Inc saw its IPO shares increase by at least 52%. The company which spun off from search giant Yahoo Inc, saw its value ju...
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U.S. retail sales up 0.7 percent in November; beat analysts’ estimates

Retail sales in the U.S. increased by higher-than-expected in November, according to the Commerce Department report released Thursday, providing a pos...