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Stocks start higher as bank shares rise

Stocks are bouncing back in morning trading as banks continued to rise along with interest rates. Higher interest rates will let banks make bigger profits on mortgages and other types of loans. Industrial companies and basic materials makers also rose Wednesday morning. Medical device company Spectranetics...

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  • U.S. stock indexes close mostly higher; oil recovers

    U.S. stock indexes close mostly higher; oil recovers

    U.S. stock indexes closed mostly higher Monday, snapping a four-day losing streak for the Dow Jones industrial average on a day of largely listless trading. Utilities led the gainers as falling bond yields made high-dividend companies more attractive to income-seeking investors. Phone companies...

  • 'Pharma Bro' Martin Shkreli's reputation precedes him, affecting jury selection

    'Pharma Bro' Martin Shkreli's reputation precedes him, affecting jury selection

    Several potential jurors at the federal securities fraud trial of Martin “Pharma Bro” Shkreli were excused on Monday after telling the judge they couldn't be impartial toward the flamboyant former pharmaceutical CEO because of his notoriety for raising the cost of a life-saving drug 5,000%. At...

  • Sony Pictures hires Jon Hookstratten for top corporate job

    Sony Pictures hires Jon Hookstratten for top corporate job

    Sony Pictures Entertainment Chief Executive Tony Vinciquerra has begun assembling his leadership team, tapping a longtime Fox executive — Jon Hookstratten — to join the Culver City film and television studio. Vinciquerra on Monday named Hookstratten as executive vice president of administration...

  • SAG-AFTRA seeks strike authorization as contract deadline nears

    SAG-AFTRA seeks strike authorization as contract deadline nears

    In a sign of rising labor tensions, SAG-AFTRA is seeking a strike authorization from its members as it continues to negotiate a new three-year contract with the major studios. The actors’ union said in a message to members that the two sides have failed to reach a tentative contract agreement after...

  • U.S. durable goods orders fell in May by the most in 18 months

    U.S. durable goods orders fell in May by the most in 18 months

    Demand for long-lasting U.S. factory goods fell by the most in 18 months, and a key category that tracks business investment also slipped, evidence that manufacturing output is barely growing. Orders for durable goods — items meant to last at least three years — slid 1.1% in May, the Commerce Department...

  • Tesla wants to develop its own music service

    Tesla wants to develop its own music service

    It may not be enough for the electric car company Tesla to take on the giants of Detroit, like General Motors and Ford. The Palo Alto-based automaker is said to be exploring its very own music streaming service too, a move that would pit the company against market leader Spotify, and the aggressive...

  • This weekend will test SpaceX's ability to step up its launch pace

    This weekend will test SpaceX's ability to step up its launch pace

    SpaceX has a busy weekend ahead. And its outcome could signal whether the company is closing in on a crucial milestone. Starting Friday morning, the Hawthorne space company is planning two satellite launches from opposite coasts with only about 48 hours in between. If the launches come off as planned,...

  • Sears to close 20 more stores

    Sears to close 20 more stores

    Sears is closing an additional 20 stores as the ailing retailer tries to turn around its business. Real estate investment trust Seritage, which owns the 20 properties, confirmed the closings — 18 Sears stores and two Kmart stores — in a government filing Friday. In 2015, Sears Holdings Corp. sold...

  • Should you ditch your financial advisor and hire a robot?

    Should you ditch your financial advisor and hire a robot?

    If you’ve ever wished for a robot to clean your house or walk your dog, you’ll likely understand the appeal of a robo-advisor. These services offer a relatively hands-off way to manage your investments. Also known as automated investing or online advisors, robo-advisors use computer algorithms...

  • The number of new female board members dropped last year

    The number of new female board members dropped last year

    The push to get more women onto corporate boards of directors is getting a lot of attention lately: Investors have been urging companies to make it a priority, Uber came under fire after a director cracked a joke about more women in the boardroom and a Wall Street statue of a little girl aimed...

  • Qatar Airways seeks 10% stake in American Airlines amid Middle East dispute

    Qatar Airways seeks 10% stake in American Airlines amid Middle East dispute

    State-owned Qatar Airways has made an offer to buy a 10% stake in American Airlines, the Fort Worth-based carrier that has been a vocal critic of Qatar and other Middle Eastern airlines. American said in a regulatory filing Thursday that the bid was unsolicited, but that the CEOs of both airlines...

  • YouTube CEO announces new mobile, VR features at VidCon

    YouTube CEO announces new mobile, VR features at VidCon

    YouTube CEO Susan Wojcicki announced new features to the company’s mobile and desktop platforms Thursday at the eighth annual VidCon conference in Anaheim. Wojcicki introduced two new mobile capabilities, including a feature that automatically reformats videos shot vertically or in square to render...

  • Couple sentenced in scheme to counterfeit 5-Hour Energy shots

    Couple sentenced in scheme to counterfeit 5-Hour Energy shots

    A federal judge sentenced a husband and wife to prison Tuesday for their parts in a conspiracy to sell millions of counterfeit 5-Hour Energy shots, according to the U.S. Attorney’s office. Joseph Shayota, 64, and Adriana Shayota, 45, were sentenced to 86 months and 26 months by U.S. District Court...

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  • 5 big changes for today's small businesses

    5 big changes for today's small businesses

    A generation ago, the notion of a small business owner meant something very different. You pictured a person who owned their own storefront, often named after themselves, and every day they were the first to arrive and the last to leave. They worked tirelessly for their customers, and their reward...

  • 5 steps to creating happiness in your workplace

    5 steps to creating happiness in your workplace

    Each workday, the average American spends 8.8 hours at work or on work-related activities, according to the Bureau of Labor Statistics. That’s even more time than people spend sleeping. And because we spend so much time at work, it's in your and your employer’s best interest to make workplaces...

  • 6 pet-related businesses you can start today

    6 pet-related businesses you can start today

    Starting your own business can nurture your entrepreneurial spirit, earn you some money and give you the opportunity to spend more time with your family — including your pets. So what job can you do that doesn't necessarily require a degree, affords you time flexibility, is in a growing industry...

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