Hyundai Kia Sales Slip Sharply In November
While car sales in the U.S. were fundamentally flat across the industry in November, sales of South Korean brands Hyundai and Kia fell sharply. It continues a tough year for the brands According to…
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Douglas A. McIntyre
‘CBS This Morning,’ Dead Last in Ratings, Faces More Problems as Rose Departs
Charlie Rose's firing from 'CBS This Morning' leaves the the network's already troubled morning show with more problems.
6 Most Important Things in Business Today
In business November 22: Meg Whitman will retire from Hewlett Packard; Uber pays off hacker; FCC plans to scrap net neutrality rules; Foxconn may have used illegal student labor to assemble Apple's iPhone X;…
Toys ‘R’ Us Helps Hyundai Sell Cars
Toys “R” Us is helping Hyundai sell its new Sonata. It is one of the novel ways the bankrupt retailer is trying to generate money outside its traditional business. Toys “R” Us has put…
Amazon Opens Service for Spies
Amazon launches new Secret Region cloud capability service aimed at US Intelligence Community.
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The Justice Department filed a suit to block the AT&T (NYSE: T) takeover of Time Warner (NYSE: TWX). The company that owns the Keystone pipeline received approval to extend it into Nebraska. Its future…
Gas Prices in Some States Surge Toward $3
Gas prices usually move in tandem with the price of oil. True to form, as crude has jumped from below $50 a barrel in early October to over $57, the price of gas has…
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Chancellor Angela Merkel may not remain in office as a coalition among several parties has fallen apart. Merkel is considered the most powerful political figure in Europe Time Warner’s (NYSE: TWX) Warner Bros. and…
Chevy Slashes Price Of A Corvette By $9,000 As Sales Crash
GM’s (NYSE: GM) Chevy says it is “closeout” time for the 2017 versions of many of its cars. Among the vehicles with the largest discounts is the 2017 Corvette Z06 which is priced $9,107…
Hawaii’s Unemployment Rate at 2.2%, Alaska’s at 7.2%
Alaska, the 49th state to join the Union, had the highest unemployment rate of any state in October. Hawaii, the 50th, had the lowest. That shows how uneven the job recovery after the Great…
Foot Locker Becomes the Perfect Retailer
Foot Locker's shares rose sharply after it announced earnings, which was a partial counterbalance to a string of poor financial data from other retailers.
Volkswagen’s $40 Billion Offensive
Volkswagen's dictionary of terms used by management includes a word that most other car manufacturing executives don't use. The German giant is about to go on the "offensive."
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According to several reports, Comcast Corp. (NASDAQ: CMCSA) has approached Twenty-First Century Fox Inc. (NYSE: FOXA) about buying many of its assets. Comcast owns NBCUniversal, and the deal would give Comcast two major movie…
Fiat Finishes Last in Measure of Dealers
Deeply troubled Fiat finished last in a carefully followed measure of dealer quality. Its burden to reverse its fortunes just got heavier.
Cost of Thanksgiving Falls to 5-Year Low as Food Prices Fall
According to the American Farm Bureau Federation, the cost of the annual Thanksgiving feast has fallen to the lowest level in five years.
Conservative Koch Brothers May Support Buyout of Time Inc
According to a number of media reports, the billionaire Koch brothers, among the nation's leading conservatives, may financially support a buyout of storied publisher Time Inc.
6 Most Important Things in Business Today: A Buyout of Time Inc?
Mattel has rejected a buyout offer from Hasbro, Nelson Peltz won a seat on the Procter & Gamble board, Volkswagen will build a $12 billion electric car plant in China, and more important headlines.
Apple Seizes Lead in Wearables Market as Fitbit Falters
A new analysis of the wearables market worldwide shows that Apple posted the lead in market share. Fitbit finished third by the same measure.
A Pessimistic Assessment of the Car Industry
Credit rating agency Moody's has provided an usually pessimistic view of the car industry. Sales have peaked, its experts said. Demand in the two largest car markets has turned sour.
Warren Buffett Trashes IBM Again
Warren Buffett had once again sold a large portion of his stock in IBM, another stake through the heart of Wall Street's confidence in the faltering big tech company's turnaround.