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Business/Finance :: Top Story

Nokia Unveils Metallic Smartphone, Stock Tumbles

CORPORATE | Tuesday May 14, 2013
Nokia Corp. has unveiled its first Lumia smartphone with a metal cover, low-light camera features and new social network apps. But the new model failed to impress markets, sending the company’s stock down.

Samuel Palmisano

Bloomberg Appoints Ex-IBM CEO as Privacy Advisor

CORPORATE | Friday May 17, 2013
Bloomberg LP, the financial news and information service, says it’s appointing Samuel Palmisano, the former CEO of IBM, as an independent advisor on its privacy and data standards.
Bottles of Heinz organic tomato ketchup are on display inside Costco in Mountain View, Calif.

Rising Consumer Demands Aids Organic Industry Sway

FINANCE | By Mary Clare Jalonick | Friday May 17, 2013
The organic food industry is gaining influence on Capitol Hill, prompted by its entry into traditional farm states and by increasing consumer demand.
Trader Kevin Lodewick works on the floor of the New York Stock Exchange.

Stocks Rise on Hopeful Signs for the US Economy

FINANCE | By Steve Rothwell | Friday May 17, 2013
Encouraging news about the U.S. economy helped push stock prices higher on Wall Street Friday.

Apple Says App Store Hit 50 Billion Downloads

CORPORATE | Friday May 17, 2013
Apple says its customers have downloaded more than 50 billon applications from its App Store since its launch in 2008.

Religious Groups Say They Were Scrutinized by IRS

CORPORATE | By Emery Dalesio and Henry C. Jackson | Thursday May 16, 2013
Two conservative religious groups say they were also the subject of unusual scrutiny from the Internal Revenue Service.
Blackberry

BlackBerry CEO Addresses Full House at Conference

CORPORATE | By Kyle Hightower | Tuesday May 14, 2013
BlackBerry maker Research In Motion has unveiled a lower-cost BlackBerry that is designed for emerging markets.
Specialist Allison Gamba works at her post on the floor of the New York Stock Exchange.

Stocks Edge Higher in Early Trading on Wall Street

FINANCE | Tuesday May 14, 2013
Stock indexes are moving higher in early trading on Wall Street as a record-breaking advance on the stock market got moving again.
The skyline of the city of Detroit.

Report: Detroit’s Finances Crumbling; Future Bleak

FINANCE | By Corey Williams | Monday May 13, 2013
Detroit is broke and faces a bleak future given the precarious financial path it’s on, according to a new report out by the city’s state-appointed emergency manager.

US Retail Sales Rise in April on Cars, Clothing

FINANCE | By Martin Crutsinger | Monday May 13, 2013
Americans increased their spending in April at retail businesses, buying more cars and clothes while paying less for gas. The rebound from a weak March suggests consumers may help boost economic growth again this spring.

Abercrombie CEO Slammed For Refusing to Sell Women’s Plus Sizes

CORPORATE | By Jason St. Amand | Friday May 10, 2013
Abercrombie & Fitch’s controversial CEO has come under fire once again for comments he made in 2006, where he said he doesn’t want uncool or overweight women to wear his clothes.