LATEST IN BUSINESS

LATEST IN BUSINESS

What to buy (and skip) in October

This month, you probably have costumes, candy, decorations and pumpkins on your list of things to buy, not to mention fall clothes and household supplies. There’s a lot to purchase, but shopping for the season doesn’t mean you have to spend a scary amount. We’ve put together a guide of everything...

  • BofA says you can build a nest egg by giving up lattes and newspapers. That's terrible advice.

    BofA says you can build a nest egg by giving up lattes and newspapers. That's terrible advice.

    Bank of America, like most of its industry brethren, portrays itself as a font of wisdom about how to secure your financial future (using its services, of course). So that leads us to wonder why it’s purveying some of the hoariest and most irrelevant cliches in the personal finance game about how...

  • A key step in the merger between American Airlines and US Airways is scheduled for Saturday

    A key step in the merger between American Airlines and US Airways is scheduled for Saturday

    If all goes well, American Airlines passengers won’t realize that the Fort Worth-based airlines took a key and potentially tricky step on Saturday in its merger with US Airways. The combination of American Airlines and US Airways to create the world’s largest carrier was announced in 2013, but...

  • Apple reportedly is opening a research and development center in China

    Apple reportedly is opening a research and development center in China

    Apple Inc. is reportedly planning to open its first research and development center in China, allowing the tech giant to extend its reach in a vital market and maintain goodwill with the Chinese government. The Cupertino tech giant will eventually invest 300 million yuan, or $45 million, in the...

  • Hoping for a bigger raise or bonus in 2017? Don't.

    Hoping for a bigger raise or bonus in 2017? Don't.

    Anyone hoping his employer is planning to put more into raises and bonuses next year is likely to be disappointed. Human resources consulting firm Aon Hewitt's annual U.S. salary increase survey predicts that base salaries and bonuses for U.S. workers won't budge in 2017, despite a better job market...

  • 2017 GMC Acadia Denali: A high-class, high-end SUV

    2017 GMC Acadia Denali: A high-class, high-end SUV

    I was overcome by the most powerful sense of deja vu during my first half hour in the 2017 GMC Acadia AWD Denali. I knew I'd never driven one — I hadn't driven any GMC product since a Jimmy pick-up I owned in the 1970s — but it felt eerily familiar. Then I remembered: It’s basically a rebadged,...

  • Deutsche Bank shares tank as concern grows over its stability

    Deutsche Bank shares tank as concern grows over its stability

    Worries over the financial stability of Deutsche Bank returned to the fore Friday, sending shares in Germany's biggest bank to a record low and rekindling broader concerns about Europe's financial sector.  Reports that hedge funds are moving their business out of the bank were the catalyst to the...

  • Consumer spending stalls as incomes post slowest growth since winter

    Consumer spending stalls as incomes post slowest growth since winter

    Consumer spending barely grew in August after a sharp rise the previous month as incomes rose by the smallest amount since winter, the Commerce Department said Friday. Analysts had expected Americans to slow their pace of spending following strong 0.4% growth in July. But the growth of less than...

  • OPEC nations reach preliminary accord to curb oil production

    OPEC nations reach preliminary accord to curb oil production

    OPEC nations reached a preliminary agreement Wednesday to curb oil production for the first time since the global financial crisis eight years ago, pushing up prices that had sunk over the past two years and weakened the economies of oil-producing nations. Mohammed Bin Saleh Al-Sada, Qatar's energy...

  • How Experian is turning big data into big dollars

    How Experian is turning big data into big dollars

     At Experian DataLabs in San Diego, a team of scientists is thwarting bad guys with math. A top-five U.S. credit card issuer recently dumped about 6 billion transaction records on Experian DataLabs to see if its machine-learning mathematical formulas could do a better job of rooting out credit...

  • California treasurer sanctions Wells Fargo over fake-accounts scandal

    California treasurer sanctions Wells Fargo over fake-accounts scandal

    Founded during the gold rush as a place that could be trusted with your money, Wells Fargo & Co. has deep California roots and remains one of the state’s largest and oldest institutions. But on Wednesday, the state’s treasurer announced he was cutting some business ties to the San Francisco bank...

  • Lawmakers press Fed Chief Janet Yellen to punish Wells Fargo for fake accounts scandal

    Lawmakers press Fed Chief Janet Yellen to punish Wells Fargo for fake accounts scandal

    Outraged lawmakers pressed Federal Reserve Chairwoman Janet L. Yellen on Wednesday to punish Wells Fargo & Co. for creating as many as 2 millions fake accounts, but she declined to commit to any regulatory penalties. “Two million phony accounts. Break them up!” Rep. Brad Sherman (D-Porter Ranch)...

  • Obama's former Supreme Court lawyer, Donald Verrilli, joins L.A. law firm

    Obama's former Supreme Court lawyer, Donald Verrilli, joins L.A. law firm

    Former U.S. Solicitor Gen. Donald B. Verrilli Jr., who successfully defended President Obama’s healthcare plan before the Supreme Court, is joining the Los Angeles law firm of Munger, Tolles & Olson. Verrilli, 59, will lead the firm’s new Washington office. “This firm has an extraordinary reputation,...

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