| Nov 13, 2013
| 11:55 AM
A new stock index was launched Wednesday to help investors keep track of the investing strategies of some of the smartest minds on Wall Street.
The iBillionaire index lists 30 large-cap stocks owned by billionaire investors, including Warren Buffett,...
| Nov 11, 2013
| 1:54 PM
The Dow Jones industrial average rose to another all-time high on Wall Street Monday.
The market edged higher from Friday, when it got a lift from an unexpectedly strong U.S. jobs report for October. The surge in hiring made investors more optimistic...
| Nov 8, 2013
| 2:50 PM
CHARLOTTE, N.C. After an acclaimed military career capped by directing the air campaign in the Persian Gulf War, Air Force Gen. Buster Glosson returned to the Carolinas to start a civilian life in the business world.
Glosson moved to Charlotte and...
| Nov 7, 2013
| 4:13 AM
Dish Network said on Wednesday it will close all 300 or so retail locations of the Blockbuster video rental chain by January, closing a chapter on a brand that failed to compete in the digital world.
Dish plans to lay off as many as 2,800 employees. The...
| Nov 6, 2013
| 12:01 PM
Blockbuster, the video rental chain that's been pummeled by the rise of digital and on-demand entertainment, said it will close its 300 remaining U.S. stores by early January.
The Blockbuster By Mail service will end in mid-December.
| Oct 25, 2013
| 10:08 AM
Netflix said it will become the exclusive subscription on-demand service providing Disney live-action and animated films in the Netherlands.
Beginning next year, Netflix subscribers will have access to first-run films from Disney, Pixar and Marvel...
| Oct 31, 2013
| 9:40 AM
The founder of Newport Beach-based Pacific Investment Co. (PIMCO) and his wife have pledged to give their fortune to charity before they die, according to published reports.
Bill and Sue Gross, who have an estimated wealth of $2 billion, plan to...
| Oct 28, 2013
| 7:21 PM
Nutritional products maker Herbalife Ltd. reported a nearly 27% jump in third-quarter profit amid double-digit sales growth in China and Latin America.
The Los Angeles company reported net income of $142 million, or $1.32 a share, for the three months...
| Oct 24, 2013
| 9:36 AM
Dozens of people have called on the Federal Trade Commission to investigate multilevel marketing, a controversial industry that includes companies such as Herbalife Ltd., Amway, Avon and others.
In a letter delivered to the FTC's Washington offices...
| Oct 22, 2013
| 4:32 PM
Activist investor Carl Icahn said he sold nearly 3 million shares in Netflix, noting he reaped a substantial windfall from his investment in the online video service.
Icahn said he decided it was time to cash out, after the rapid appreciation of the...
| Oct 23, 2013
| 12:40 PM
The Directors Guild of America and the group representing the major Hollywood studios have agreed to begin contract negotiations next month, nearly seven months before the expiration of the current agreement.
The DGA and the Alliance of Motion Picture...