Company News

GM accused of hiding ignition flaws in 2009 bankruptcy

Plaintiffs lawyers argue that GM lost liability protections by concealing flawed ignition switch from bankruptcy court.  More

Gun silencer sales are booming

The civilian market for silencers soared 37% in 2013, overshadowing the growing market for guns.  More

Airbnb faces off with New York over housing rentals

New York Attorney General Eric Schneiderman is pressing Airbnb for the identities of users he believes may be violating state housing laws.  More

Americans aren't eating as much McDonald's

The fast food chain reports earnings that fell short of expectations as U.S. sales fell in the first quarter.  More

Silicon Valley firms accused of hiring conspiracy

Google, Apple and other big tech companies face a class-action suit accusing them of colluding to suppress wages by agreeing to not hire each other's employees.  More

Valeant bids for Botox-maker Allergan

Valeant Pharmaceuticals has teamed up with Bill Ackman to make a multi-billion dollar offer for Botox-maker Allergan.  More

Tesla to build cars in China

Elon Musk says that Tesla is planning to build a manufacturing facility in China as the electric car maker expands its footprint in the country.  More

Move over Facebook, Alibaba's mega IPO is coming

Chinese tech company Alibaba is readying for an IPO that could be the biggest ever for a tech firm, trouncing even Facebook.  More

Cool cars from the Beijing Auto Show

Here are some of the cars the world's automakers have unveiled this week for Chinese buyers.  More

What the heck is Aereo, anyway?

Aereo is an innovative way to watch and record shows on local television stations. But is it legal?  More

Reports: Ford decides CEO succession

Ford Motor will formally tap Mark Fields as its next CEO and reveal a formal retirement date for CEO Alan Mulally.  More

Netflix to increase subscription prices

The streaming video company said Monday that it planned to increase subscription prices for new customers by one or two dollars a month within the next few months.  More

Regulator reverses approval of powdered alcohol

A federal agency that had originally approved a new powdered alcohol product reversed its position Monday.  More

700-page book by French economist is Amazon's top seller

Piketty's 700-page economics book "Capital in the Twenty-First Century" tops Amazon's list of best selling books, and is sold out.  More

Supreme Court case could change how you watch TV

Upstart Aereo says it has found a way to give consumers easier access to local broadcast TV for $8 a month. Broadcasters say Aereo is stealing copyrighted programs.  More

UAW drops NLRB case to organize Volkswagen

On eve of hearing UAW says it will no longer challenge loss in organizing election at Volkswagen's only U.S. plant.  More

Many recalled GM cars won't be repaired

It's unlikely that General Motors will be able to repair all the problem ignition switches, leaving hundreds of thousands on the road.  More

General Mills reverses course on right to sue after backlash

General Mills has scrapped a controversial change to its fine print that some read as eliminating customers' right to sue the company.  More

Lara Spencer promoted to 'GMA' co-host

Spencer has been a supporting member of the "Good Morning America" cast for the past three years.  More

Judge won't force GM to issue 'park it now' order

GM won't have to tell customers to keep their recalled cars parked until fixed, after a federal judge denied emergency motion Thursday.  More

Michaels hack hit 3 million

After three months of investigation, the nation's largest craft store says payment information from up to 3 million customers was potentially stolen.  More

Walmart offers less costly money wire service

New service lets anyone transfer money up to $900 from one Walmart to another in the U.S. for a fee of $9.50.  More

Ex-BP manager settles Gulf spill insider trading case

Federal authorities said he knew the spill was larger than reported and dumped $1 million in stock about a week after the incident began.  More

NBA player to open Hooters in Russia

Kirilenko, aka AK-47, of the Brooklyn Nets will open the first Hooters in Moscow.  More

GM's recalled Cobalt was a failure from the start

There was almost no demand for Cobalt, but GM had little choice but to build them. No surprise it wasn't a quality car.  More

Google stock sinks as mobile struggles continue

The company continues to struggle with convincing marketers to pay as much for mobile ads as they do for desktop ads.  More

US Airways won't fire worker who sent lewd tweet

The US Airways tweet, which included a link to a pornographic image, was sent as an 'honest mistake.'  More

Toyota's frumpy Camry gets a New York make-over

A sleeker appearance and better handling are promised in a substantial make-over for America's most popular car.  More

Legal costs hit Bank of America's bottom line

Bank of America still feeling fallout of mortgage crisis. It shares down 3% after quarterly loss.  More

Cool cars from the New York Auto Show

These are some of the most interesting new models and concept vehicles from the Big Apple's car show.  More

Starbucks promises to pay more U.K. tax

Starbucks will pay more tax in the U.K. after moving its European headquarters to London from Amsterdam at the end of this year.  More

GM's Barra: 'We know the world is watching'

GM CEO Mary Barra announced that the automaker has created a new "global product integrity" unit to ensure that a" situation like the ignition-switch recall doesn't happen again."  More

US Airways says lewd tweet was a mistake

Airline the latest company to find itself in a firestorm over a social media blunder after linking to a pornographic image in a tweet.  More

How Mark Zuckerberg courts companies

In just three and a half days, Facebook and virtual reality firm Oculus worked out a $2 billion deal.  More

12 top-paid CEOs

Ford's Alan Mulally earned some $23.2 million last year. But that's only about a third of the $78.4 million Oracle's Larry Ellison made. What other CEOs took home big bucks?  More

Lawmakers release 250,000 GM recall documents

Paper trail shows internal communication at GM about ignition switch and other investigations.  More

Spirit Airlines tops complaint list

Passengers flying on Spirit Airlines were three times as likely to lodge a complaint with the Department of Transportation than those flying any other major U.S. airline.  More

Heartbleed bug affects gadgets everywhere

The Heartbleed Internet bug affects a lot of the gear we all use at work. Fixing it all will be a herculean task.  More

Amazon offers employees $5,000 to quit

Amazon CEO Bezos says his $5,000 pay-to-quit program helps to insure that workers at Amazon really want to be there.  More

Google buys drone maker Titan Aerospace

Titan makes high-altitude, solar-powered drones that Google hopes to use to help deliver Internet service.  More

Samsung Galaxy S5: Just a slight upgrade

Samsung's Galaxy S5 smartphone is improved over its predecessor, but only in subtle ways.  More

GM puts 2 engineers on paid leave over ignition recall

General Motors put two engineers on paid leave over faulty ignitions related to 13 fatalities.  More

GM finds new ignition flaw, will replace second part

General Motors has found another flaw in the ignitions of the 2.6 million vehicles it's already recalled, and will replace an additional part to remedy the problem.  More

'Frozen' Elsa dress selling for $1,000 on eBay

The phenomenal success of "Frozen" has created a run on Elsa and Anna dresses and dolls; desperate parents can still grab a few on eBay for a hefty price.  More

Tech stock rout continues in Asia

Asian tech and telecom stocks plunged Friday as investors sold off their holdings, alarmed by yet another slide in U.S. technology stocks yesterday.  More

JPMorgan profits sink, but Dimon confident

JPMorgan Chase CEO Jamie Dimon sounded bullish about the economy. Too bad the bank's earnings tell a different story. The stock sank as results disappointed Wall Street.  More

SAC Capital $1.8 billion penalty approved

Hedge fund operator's settlement of insider trading charges is approved by a federal judge in New York.  More

Judge set to decide SAC Capital's penalty

Federal judge to decide whether to accept a guilty plea from the hedge fund firm formerly known as SAC Capital Advisors, as well as the proposed $1.2 billion in penalties.  More

Change these passwords right now

Worried about the Heartbleed bug? Here are the passwords to change immediately.  More

Comcast grilled in Senate over merger plans

Executives from Comcast and Time Warner Cable appeared before the Senate Judiciary Committee on Wednesday to make the case for their merger.  More

'GMA' adds another man: ESPN's Tony Reali

ESPN's Tony Reali is expected to appear on 'GMA' two or three days a week as a part of the show's social media segments.  More

BofA to pay customers $727 million over credit card practices

The Consumer Financial Protection Bureau has ordered Bank of America to pay out $727 million to customers due to illegal credit card practices.  More

It pays to work at Ferrari

Ferrari employees raked in record bonuses as the luxury automaker renewed its pledge to produce fewer than 7,000 cars per year.  More

Icahn settles with eBay over PayPal

Carl Icahn has dropped a shareholder proposal to split off part of PayPal.  More

Big bank earnings likely in doghouse

Shares of the big banks soared late last year as investors cheered a recovering economy. But the excitement seems to have faded as JPMorgan Chase and Wells Fargo get set to report earnings.  More

Volkswagen flags fire risk in popular models

Volkswagen has asked dealers to temporarily stop selling several of its popular models because a fire risk.  More

Bentley unveiling plug-in hybrid concept

Bentley will show a concept car at the Beijing Auto Show later this month, but its first plug-in hybrid vehicle for sale will be an SUV to be available in 2017.  More

Assault weapon sales boom cools off

The market for modern sporting rifles returns to Earth, as fears of a gun ban recede.  More

Heartbleed bug: What you need to know

Heartbleed takes advantage of a fatal flaw in a safety feature that is supposed to keep your Web communication private.  More

Warren Buffett endorses Airbnb

Warren Buffett's Berkshire Hathaway has reached out to Airbnb to give shareholders cheaper lodging alternatives for next month's annual meeting in Omaha.  More

Alaska newspaper sold to online rival

The Anchorage Daily News is being sold to an online media company. Observers said they could think of no other similarly-sized newspaper that had been swallowed up by a web rival.  More

EU takes aim at CEO paychecks

Europe wants to give shareholders the power to limit top executive pay by forcing companies to hold binding votes and to say how it compares with what employees make.  More

Can workers talk about pay?

Under Obama's executive order, employees can talk about salary without fear of retaliation from their bosses.  More

GM to invest in Detroit auto plant

The auto maker says it will invest $384 million to upgrade a plant making Chevrolet Volt.  More

Weather Channel coming back to DirecTV

DirecTV customers will be able to watch The Weather Channel again. The channel is coming back after a contentious dispute led to a blackout that lasted nearly three months.  More

Two GM SUVs top new safety ranking

General Motor's Chevrolet Equinox and GMC Terrain are the only two midsize SUVs to earn a good rating in a test conducted by the Insurance Institute for Highway Safety.  More

Comcast takes merger case to Washington

Comcast and Time Warner Cable need to convince lawmakers and regulators why a merger of the two is good for consumers. It may not be easy.  More

Ford recalls 435,000 vehicles

About 386,000 older Escapes recalled because of subframe corrosion issue, and 49,000 other vehicles recalled for back seat problem.  More

Charge your cell phone in 30 seconds

Cell phone batteries take an hour to charge. StoreDot might have a solution.  More

GM's tough call: How to pay recall victims

GM is looking into whether, and what, to pay victims of the faulty ignition switch, even though 2009 bankruptcy gave it a shield from lawsuits.  More

Beware Flight 370 scams

Hackers are using the missing jet to bait victims and get access to information.  More

Your new heat source: data centers

Researchers are turning the data centers that power big tech companies into sources for reused energy.  More
Opinion
Apple is not overvalued ... yet

Apple is still reasonably priced, but it's no longer dirt cheap.

Opinion: Apple and Cisco are better than bonds

Who needs to own a boring U.S. Treasury bond when you can buy an exciting tech stock and get a similar -- or in many cases, higher -- yield in the process?

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