Market eyes key levels and bear tracks

Will the Standard & Poor’s 500 stock index succumb to the Wall Street bear that’s stalking it. The large-company stock index kicks off Thursday’s trading session down 13.1% from its

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Tech Five: Twitter hits new low off flat user growth

Shares of Twitter and Zynga are getting slammed during early Thursday trading as Wall Street prepares for another round of tech earnings after the bell. Twitter. Shares of the social

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Elon Musk: Tesla to accept orders on new car

Tesla Motors will begin accepting reservations on its mass-market electric vehicle in March, even though analysts say anyone who pre-orders the vehicle will have to wait at least two years

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Mylan shareholders recoil after $7.2B deal for Meda

Pharmaceutical giant Mylan said it reached a deal to acquire Swedish drug company Meda for cash and stock worth $7.2 billion in a move that dinged the Israel-based firm’s stock.

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Fed’s Yellen cites growing risks to economy

Federal Reserve Chair Janet Yellen told Congress on Wednesday global economic troubles and the recent sell-off in stocks could rattle the U.S. economy, raising the prospect of a delay in

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MF Global customers recover $8.1B from brokerage’s failure

Former securities and commodities customers of MF Global have recovered $8.1 billion — virtually all of their assets — with Tuesday’s conclusion of the bankruptcy court liquidation of the failed

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Chipotle Q4 income falls 44% on health scares

Chipotle Mexican Grill, the embattled burrito restaurant chain, said Tuesday its fourth-quarter net income plummeted 44%, marking its worst quarter as a publicly traded company after an E.coli outbreak and

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Yahoo to lay off 15% of workforce amid $400M cost-cutting

Struggling search engine company Yahoo Inc. said it plans to cut about 15% of its workforce as part of a $400 million cost-cutting effort intended to “simplify” the troubled Internet

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Yahoo latest strategic plan likely just buys time

Perhaps, after Yahoo announced on Tuesday more than 1,600 job cuts  — 15% of its workforce — and the closure of operations in five cities amid middling quarterly results. The

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Wall Street volatility rules as stocks retreat again; Dow drops about 50

Volatility continues to rule on Wall Street as stocks bounce around in choppy trading Tuesday amid oil weakness and global stock turmoil that saw Japanese shares fall more than 5%

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Hiring, quits hit 9-year highs in December

The number of Americans hired and the total quitting jobs both surged to nine-year highs in December, reflecting a more dynamic labor market that’s starting to push up wages. Job

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Sears warns Q4 worse than expected, accelerates store closures

Sears (SHLD) will accelerate planned store closures and continue to purge other assets to keep its business turnaround afloat after reporting Tuesday that the holiday season will fall short of

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Hard-hit Nasdaq put on bear market watch

The tech wreck circa 2016 has put the technology-dominated Nasdaq composite within striking distance of a bear market. After Monday’s tech rout, which dragged the Nasdaq down nearly 2%, the

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Wall Street bids good riddance to dreary January

Notwithstanding the Dow’s nearly 400-point rally Friday, Wall Street is more than happy to bid good riddance to a dismal January and spin the dice on things getting better in

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Dow soars nearly 400, but all 3 major U.S. indexes end January lower

The Dow rose nearly 400 points Friday to cap a turbulent month on an upbeat note after a surprise interest rate cut by the Bank of Japan and despite a

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Mercedes-Benz auctions for record $9.9 million

A rare German luxury car set a new record for the highest Arizona car-auction price, fetching $9.9 million Friday evening. The 1937 Mercedes-Benz 540K Special Roadster fell short of its

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Xerox makes official its split into two companies

Xerox will separate into two companies, a $11 billion document technology company and a $7 billion business services company, the office equipment maker announced Friday. The transaction into two independent

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Analysts: Global deal to cut oil production unlikely

Conflicting reports last week that renewed anticipation of global oil production cuts. then quickly squelched it, left in doubt the prospects of crude prices that have plunged 70% the past

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American Airlines: Record profit for 2015

American Airlines Group ended 2015 with a $3.3 billion profit in the fourth quarter, capping off a record-breaking year and echoing the financial results posted by several of its peers.

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Russian-OPEC production cut a long shot

The rumors of a coordinated production cut between OPEC and Russia continue to grow more serious. The latest comes from the Russian energy minister Alexander Novak, who insisted that Russia

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