Business & economy news - Fox 2 News Headlines

Airlines on alert as eruption begins in Iceland

Updated:

Iceland's Bardarbunga volcano began erupting Saturday under the ice of Europe's largest glacier, prompting the country to close the airspace over the volcano. More>>

Allergan reviews meeting requests in takeover bid

Updated:

Botox maker Allergan Inc. is reviewing shareholder requests for a special meeting to consider replacing most of its board, a change fellow drugmaker Valeant Pharmaceuticals International Inc. is seeking as part of the... More>>

Democrats reframe debate on health care

Updated:

President Barack Obama's unpopular health care law is losing some of its political punch as vulnerable Democrats see it as less of an election-year minus and Republicans increasingly talk about fixing it instead of... More>>

Protesters against brown coal form human chain

Updated:

Several thousand people have formed a human chain across the German-Polish border to protest the expansion of open-cast mining for brown coal in the region. More>>

2 Europe navigation satellites in the wrong orbits

Updated:

European space officials say they're investigating whether the inaccurate deployment of two satellites will complicate their efforts to develop a new Galileo satellite navigation system that would rival America's... More>>

Social media pushes back at militant propaganda

Updated:

The extremists of the Islamic State group have turned their social media into a theater of horror, broadcasting a stomach-turning stream of battles, bombings and beheadings to a global audience. More>>

Obama urges renewal of US Export-Import Bank

Updated:

President Barack Obama is trying to rally support for a taxpayer-subsidized bank that he says creates jobs. More>>

Coal gas boom in China holds climate change risks

Updated:

Deep in the hilly grasslands of remote Inner Mongolia, twin smoke stacks rise more than 200 feet into the sky, their steam and sulfur billowing over herds of sheep and cattle. Both day and night, the rumble of this power... More>>

Lufthansa pilots' union threatens new strikes

Updated:

A union representing Lufthansa's pilots is threatening a new round of strikes in a long-running dispute over wages and early retirement benefits. More>>

Goldman in deal worth $1.2B over US bond claims

Updated:

Goldman Sachs has agreed to a settlement worth $1.2 billion to resolve claims that it misled U.S. mortgage giants Fannie Mae and Freddie Mac about risky mortgage securities it sold them before the housing market collapsed... More>>

Gov't warns US retailers about hacking software

Updated:

More than 1,000 U.S. retailers could be infected with malicious software lurking in their cash register computers, allowing hackers to steal customer financial data, the Homeland Security Department said Friday. More>>

Hamas kills 18 suspected informers to deter leaks

Updated:

Gaza militants Friday gunned down 18 alleged spies for Israel in an apparent attempt to plug security breaches and deter others, a day after Israel killed three top Hamas military commanders in an airstrike likely guided... More>>

Oregon sues Oracle over failed health care website

Updated:

The state of Oregon filed a lawsuit Friday against Oracle America Inc. and several of its executives over the technology company's role in creating the troubled website for the state's online health insurance... More>>

New Obama birth control fixes for religious groups

Updated:

Seeking to quell a politically charged controversy, the Obama administration announced new measures Friday to allow religious nonprofits and some companies to opt out of paying for birth control for female employees while... More>>

At Jackson Hole, central bankers eye varying goals

Updated:

The central bankers meeting this week at their annual conference in Jackson Hole, Wyoming, aren't exactly in sync. Many are taking steps that clash with the policies of others. More>>

Lawsuits challenge FAA drone, model aircraft rules

Updated:

Model aircraft hobbyists, research universities and commercial drone interests filed lawsuits Friday challenging a government directive that they say imposes tough new limits on the use of model aircraft and broadens the... More>>

Apple's stock bounces back to hit a new high

Updated:

Apple's stock touched a new high Wednesday, reflecting investors' renewed faith in CEO Tim Cook's ability to outwit the competition and expand the technological hit factory built by the late Steve Jobs. More>>

MLB online chief optimistic on relaxing blackouts

Updated:

An easing of blackout restrictions on Major League Baseball games online could come as early as next season, according to the head of baseball's online business. More>>

Mexico creates special economic-crime force

Updated:

Mexico launched a special 5,000-strong police force Friday to combat industrial, farm and business crime that has extended throughout the country's economy, strangling commerce in some regions. More>>

Stocks are mostly lower as Ukraine tensions flare

Updated:

The stock market paused Friday, following four days of gains, after a speech by Federal Reserve Chair Janet Yellen left investors unsure about how the nation's most important financial voice feels about raising... More>>

Yellen: Job market makes Fed hesitant on rate hike

Updated:

If anyone thought Janet Yellen might clarify her view of the U.S. job market in her speech here Friday, the Federal Reserve chair had a message: More>>

Stocks end mostly lower as Ukraine tensions flare

Updated:

More tensions in Ukraine left the stock market slightly lower in quiet trading. More>>

Draghi: ECB can't do it all, governments must act

Updated:

European Central Bank head Mario Draghi said Friday the bank is ready to do more to boost the shaky recovery in the 18 countries that use the euro - but warns governments must join in efforts to reduce stubbornly high... More>>

Music site SoundCloud to start paying artists

Updated:

SoundCloud said Thursday that it will start paying artists and record companies whose music is played on the popular streaming site, a move that will bring it in line with competitors such as YouTube and Spotify. More>>

Yemen's Shiite-rebel group escalate standoff

Updated:

Thousands of supporters of Yemen's powerful Shiite rebel group escalated their standoff with the government on Friday, setting up tents near three ministries to press for the replacement of a prime minister they depict... More>>

Expectations of ECB help drive down eurozone rates

Updated:

By DAVID McHUGH AP Business Writer Investors appear to be putting their money on the likelihood of more stimulus measures from the European Central Bank to keep the eurozone's shaky recovery from... More>>

Serbia says it won't impose sanctions on Russia

Updated:

Despite pressure from the European Union, Serbia will not impose sanctions against Russia or curb its food exports to that country, Serbian Prime Minister Aleksandar Vucic said Friday. More>>

Dead floppy drive: Kenya recycles global e-waste

Updated:

In an industrial area outside Kenya's capital city, workers in hard hats and white masks take shiny new power drills to computer parts. This assembly line is not assembling, though. It is dismantling some of the... More>>

Ice bucket challenge may change nonprofit world

Updated:

The ice bucket challenge's phenomenal success is making other charitable organizations rethink how they connect with a younger generation of potential donors. More>>

Stocks little changed on Ukraine, Yellen speech

Updated:

Stocks are little changed at midday after a speech by Federal Reserve Chair Janet Yellen left investors unsure on how the bank will proceed on interest rates. More>>

McDonald's names new US president again

Updated:

McDonald's named a new president for its struggling U.S. division on Friday, marking the second change in the high-profile spot in less than two years. More>>

Germany sues Swiss bank for communist-era fortune

Updated:

Germany is suing a Swiss bank to reclaim millions of euros that once belonged to communist East Germany. More>>

Keurig strikes deal with Kraft on coffee brands

Updated:

Keurig Green Mountain says it struck a deal to make Kraft's branded coffees, such as Maxwell House and Gevalia, for its single-serve brewing systems in the U.S. More>>

Ukraine jitters send US stocks slightly lower

Updated:

Stocks are little edging lower in early trading amid concerns of an escalation in the Ukrainian crisis after a Russian aid convoy entered the country. More>>

Dynegy to spend $6.25B on power plant acquisitions

Updated:

By The Associated Press Dynegy plans to spend more than $6 billion to buy several coal and gas power generation plants from Duke Energy and Energy Capital Partners. More>>

Russian ban on Polish apples sparks cider debate

Updated:

Poland's Economy Ministry wants the nation of beer and vodka lovers to drink more cider. More>>

Yellen speech awaited for any hint on rate timing

Updated:

Two days after the Federal Reserve revealed an intensifying internal debate over interest rates, Chair Janet Yellen will address the annual Fed conference in Jackson Hole, Wyoming, with investors seeking any clear hints of... More>>

Bank of America settlement likely to benefit few

Updated:

Bank of America's record $16.65 billion settlement for its role in selling shoddy mortgage bonds - $7 billion of it geared for consumer relief - offers a glint of hope for desperate homeowners. More>>

Woman who drank lye-tainted tea suffers nightmares

Updated:

A woman who was in critical condition after unknowingly sipping sweetened iced tea laced with a chemical found in drain cleaner has been steadily improving, but her husband says she's having nightmares about the moment... More>>

Asian stocks higher after S&P 500 record close

Updated:

Asian stocks inched higher on Friday after a record day on Wall Street powered by upbeat data that adds to evidence the world's biggest economy is gaining strength. Gains were tempered as investors awaited a key... More>>

Lawyer: Utah restaurant had other chemical burn

Updated:

The attorney for a woman who nearly died after unknowingly drinking tea laced with a chemical cleaning compound at a Utah restaurant said Thursday an employee at the eatery burned herself a month earlier on the same... More>>

Study: Wealth gap widened in the last decade

Updated:

A report from the Census Bureau is the latest evidence that the rich are getting richer while the poor get poorer. More>>

Airline group forecasts uptick in Labor Day travel

Updated:

By DAVID KOENIG AP Airlines Writer A trade group for the nation's big airlines predicts that air travel over the Labor Day weekend will rise 2 percent from the same holiday last year. More>>

US housing recovery appears to be back on track

Updated:

A fourth straight monthly increase in sales of existing homes provided the latest evidence Thursday that the U.S. housing market is rebounding from a weak start to the year. More>>

Audit: 'Obamacare' tax not meeting revenue target

Updated:

An "Obamacare" tax on medical devices is falling short of its revenue target because thousands of companies aren't paying it, according to a government audit released Tuesday. More>>

Gap reports higher profit, plans India expansion

Updated:

Gap Inc. said its profit rose 10 percent in the second quarter as the clothing retailer cut expenses and managed to lift sales. More>>

Tips for parents: To post or not to post?

Updated:

Privacy-wary parents are increasingly pausing before they post photos, names and other information about their wee ones on social media. Some are choosing a complete blackout, while others opt for nicknames and a few... More>>

S&P 500 closes at a record; Hewlett-Packard gains

Updated:

Another round of buying on the stock market is sending the Standard & Poor's 500 index to its latest record high. More>>

United lures top fliers with promise of a hot meal

Updated:

To win the hearts of frequent business travelers, United Airlines is going through their stomachs. More>>

Average US 30-year mortgage rate at 4.10 pct

Updated:

Average long-term U.S. mortgage rates declined this week, with the 30-year loan rate hitting its 52-week low. More>>

Family Dollar rejects Dollar General offer

Updated:

By MICHELLE CHAPMAN AP Business Writer Family Dollar has rejected a takeover bid from dollar-store competitor Dollar General, saying it would be too hard for the deal to pass antitrust regulators. Family... More>>

US won't reveal records on health website security

Updated:

After promising not to withhold government information over "speculative or abstract fears," the Obama administration has concluded it will not publicly disclose federal records that could shed light on the security of the... More>>

Russia checks more McDonald's after closing 3

Updated:

Russia's food safety agency said Thursday that it was checking McDonald's restaurants around the country, a day after several branches of the chain were shuttered in Moscow. More>>

Bank of America agrees to nearly $17B settlement

Updated:

The government has reached a $16.65 billion settlement with Bank of America over its role in the sale of mortgage-backed securities in the run-up to the financial crisis, the Justice Department announced Thursday. More>>

Ballmer steps down from Microsoft board

Updated:

Former Microsoft CEO Steve Ballmer is stepping down from the company's board, closing a chapter on 34 years with the software giant. More>>

Stocks move higher; S&P 500 heading for a record

Updated:

U.S. stocks are moving mostly higher, pushing the Standard & Poor's 500 index closer toward another record close. More>>

Honda bolsters Fit to boost crash resistance

Updated:

When the subcompact Fit failed a crash test, Honda went back to the drawing board. More>>

Applications for US unemployment aid fall to 298K

Updated:

Fewer people applied for U.S. unemployment benefits last week, another sign the job market is improving. More>>

Stocks open higher; S&P 500 heading for a record

Updated:

U.S. stocks are opening higher, pushing the Standard & Poor's 500 index closer toward another record high. More>>

Sears 2Q loss widens on sluggish sales

Updated:

Sears Holdings Inc. recorded a hefty second-quarter loss Thursday on another sales slump, raising more concerns about the future of a company that once was a staple of American shopping. More>>

Survey indicates eurozone growing slowly

Updated:

A survey of business activity shows the economy of the 18-country eurozone grew at only a slow pace in August, a sign it remains sluggish after a disappointing second quarter in which it did not expand at all. More>>

California drought stings bees, honey supplies

Updated:

California's record drought hasn't been sweet to honeybees, and it's creating a sticky situation for beekeepers and honey buyers. More>>

Growth in China manufacturing weakens in August

Updated:

Growth in China's vast manufacturing industry weakened in August, suggesting that the recovery in the world No. 2 economy is losing momentum and Beijing may need to spoon out more stimulus. More>>

McConnell, Grimes spar at Kentucky farm forum

Updated:

Kentucky's U.S. Senate candidates had a hard time talking about farming without slinging mud. More>>

APNewsBreak: B ofA reaches $17B settlement with US

Updated:

Bank of America has reached a record settlement of nearly $17 billion to resolve an investigation into its role in the sale of mortgage-backed securities before the 2008 financial crisis, officials directly familiar with... More>>

Argentina defends plan to pay creditors outside US

Updated:

Argentina will make its next round of scheduled debt payments, the economy minister said Wednesday as he defended a new plan to pay creditors locally and avoid the jurisdiction of a U.S. court that forced the country into... More>>

EEOC files lawsuit against Food Lion over firing

Updated:

The U.S. Equal Employment Opportunity Commission has filed a discrimination lawsuit against supermarket chain Food Lion, saying it fired a Jehovah's Witness who requested certain days off for his religion. More>>

Some Fed officials want to slow economic help soon

Updated:

Some Federal Reserve officials think the U.S. economy is improving fast enough that the Fed will need to act sooner than previously thought to slow the extraordinary support it's been providing through ultra-low... More>>

Despite Fed, a late push sends US stocks higher

Updated:

A late round of buying is leaving stock indexes mostly higher. More>>

Airstrike kills wife and child of Hamas figure Video included

Updated:

Hamas' shadowy military chief escaped an apparent Israeli assassination attempt that killed his wife and infant son, the militant group said Wednesday as Israel's prime minister warned that the bombardment of Gaza... More>>

UN urges exit screening for Ebola at some airports

Updated:

Ebola-affected countries should immediately begin exit screening all passengers leaving international airports, sea ports and major ground crossings, the U.N. health agency said on Monday. More>>

Google's pivotal IPO launched a decade of big bets

Updated:

Google's IPO, a decade ago this week, launched the company on a trajectory that continues to reshape its business and much of the world in its orbit. More>>

Chip maker Infineon to buy California firm for $3B

Updated:

German chip maker Infineon Technologies AG says it has agreed to pay $3 billion in cash for California-based semiconductor firm International Rectifier, which produces power-management components used in everything from... More>>

Target cuts outlook as breach fallout lingers

Updated:

Target Corp. slashed its annual profit outlook for the second time in three months as the retailer reels from a massive customer-data breach, a botched Canadian expansion and sluggish U.S. sales. More>>

HTC makes Windows version of flagship One phone

Updated:

HTC will start making a version of its flagship HTC One phone with Microsoft's Windows software inside. More>>

Community Health details attack on patient records

Updated:

Hospital operator Community Health Systems said a cyberattack took information on more than 4 million patients from its computer network earlier this year. More>>

Yellen to give her outlook as Fed honeymoon fades

Updated:

Janet Yellen has won credit for guiding the Federal Reserve's first six months of transition from the Ben Bernanke era. Bernanke's Fed had steered the economy through a deep crisis by slashing interest rates and... More>>

Yellen to give her outlook as Fed honeymoon fades

Updated:

Janet Yellen has won credit for guiding the Federal Reserve's first six months of transition from the Ben Bernanke era. Bernanke's Fed had steered the U.S. economy through a grave crisis by slashing interest rates... More>>

Global cruise lines set sail for China

Updated:

Royal Caribbean's newest ship has attractions not usually seen on cruise liners, including bumper cars, a skydiving simulator and a glass observation capsule on a mechanical arm that lifts its passengers high into the... More>>

Trading in US stocks subdued ahead of Fed minutes

Updated:

U.S. stocks are drifting in midday trading as traders wait for the latest news from the Federal Reserve. More>>

Zimbabwe economy takes another dive

Updated:

It is 4 a.m. and people are already lining up outside Zimbabwe's main passport office - four hours ahead of opening time - in hopes of securing a passport that will allow them to escape their country's dearth of... More>>

German govt backs authors in spat with Amazon

Updated:

Germany's top culture official has voiced support for hundreds of authors who claim they're being discriminated against by online retailer Amazon amid negotiations with their publisher. More>>

Macy's to pay $650,000 in shopper-profiling probe

Updated:

Macy's has agreed to pay $650,000 to settle allegations of racial profiling at its flagship store in Manhattan's Herald Square. More>>

Heineken reports sales, profit drop in first half

Updated:

Heineken NV, the Amsterdam-based brewer, has reported first half earnings that show a small drop in both revenues and profits - but says its underlying performance was good. More>>

Some Bank of England board members seek rate hike

Updated:

The Bank of England's consensus on maintaining record-low interest rates has crumbled after more than three years, with two members of the central bank's monetary policy committee voting to increase borrowing costs... More>>

Merkel Ukraine role mirrors rising German ambition

Updated:

Chancellor Angela Merkel's emergence as a leader in efforts to resolve Ukraine's crisis - showcased by a visit to Kiev this weekend - underlines Germany's increasing ambition to transform itself from economic... More>>

Dubai's Nakheel to pay $2.1 billion in debt early

Updated:

Dubai's developer Nakheel behind the famed man-made palm-shaped islands said Wednesday it is repaying 7.9 billion dirhams, or roughly $2.15 billion this month - nearly four years before the last installment is due. More>>

Stocks open lower after two straight gains

Updated:

U.S. stocks are opening lower after two straight days of gains. More>>

Lowe's 2Q profit rises as weather improves

Updated:

Lowe's second-quarter net income increased 10 percent, bolstered by improving weather. More>>

Glencore swings to profit, announces buyback

Updated:

Commodities and mining group Glencore PLC says it will buy back up to $1 billion of its own shares as profit for the first half of the year rose 8 percent. More>>

Bloomberg offers grants to help cities innovate

Updated:

American cities looking to be more innovative in how they address local issues can now get a helping hand from former New York City Mayor Michael Bloomberg's charitable foundation. More>>

China fines 12 Japanese firms in auto price probe

Updated:

China announced Wednesday it will fine 12 Japanese auto parts suppliers a total of $202 million for colluding to raise prices in an unfolding anti-monopoly probe of the country's auto industry. More>>

Prison company pays $8 million in back wages

Updated:

The nation's largest private prison company, Corrections Corp. of America, has paid more than $8 million in back wages and benefits to current and former employees guarding federal inmates at a prison in California... More>>

Asia stocks make slight gains, await Yellen speech

Updated:

Asian stock markets got a slight boost Wednesday from positive U.S. economic figures that reinforced expectations of eventual Fed rate hikes and a stronger dollar. More>>

Peanut, almond butter recalled for salmonella risk

Updated:

A unit of Hain Celestial Group Inc. is recalling some peanut and almond butter because of possible salmonella contamination. More>>

New Mexico chile gets certified-product safeguards

Updated:

Idaho has its potatoes. Florida has its fresh fruits and juices. Vidalia is the name synonymous with the nation's most famous sweet onion. More>>

WWII bomb found near Frankfurt airport

Updated:

A World War II bomb found Tuesday next to a highway near Frankfurt airport was disposed of in a controlled explosion, causing some disruption to flight operations. More>>

Islanders announce sale of minority stake of club

Updated:

The New York Islanders are selling a minority stake of the team, with a former Washington Capitals co-owner and a London-based investor to become full owners in two years. More>>

US stocks move higher; Home Depot rises

Updated:

U.S. stocks are closing higher after investors got some encouraging news about home building and corporate earnings. More>>

Government wants to make cars talk to each other

Updated:

The Obama administration said Monday it is taking a first step toward requiring that future cars and light trucks be equipped with technology that enables them to warn each other of potential danger in time to avoid... More>>

Q&A: How 1 US factory owner fought cheap imports

Updated:

Much of U.S. manufacturing has been decimated in the past decade by less expensive imports from China, but it didn't necessarily have to be that way, according to a compelling new book by journalist Beth Macy. More>>

Somalia TV sales grow as many avoid public places

Updated:

Inside the small office, the line of sweating clients waiting to renew their satellite TV subscriptions keeps growing. Technicians crimp wires and test signal strength of boxes while others go to homes across the Somali... More>>

US home construction jumps 15.7 percent in July

Updated:

U.S. home construction rebounded in July, rising to an eight-month high and offering hope that housing has regained momentum after two months of declines. More>>

US stocks move higher; Home Depot rises

Updated:

U.S. stocks are moving higher in midday trading after investors got some encouraging news about home building and corporate earnings. More>>

Container shipping rise bodes well for world trade

Updated:

The world's largest shipping company says it is sending more containers around world, a sign that global trade - and possibly economic growth - is picking up. More>>

Thousands of intense earthquakes rock Iceland

Updated:

Thousands of small intense earthquakes are rocking Iceland amid concerns that one of the country's volcanoes may be close to erupting. More>>

Egypt picks consortium to draft Suez plan

Updated:

Egypt selected a consortium of Egyptian and the Persian Gulf companies Tuesday to develop the government's mega project to transform the Suez Canal waterway into a hub of international investment and free trade zones,... More>>

Home Depot 2Q profit climbs 14 percent

Updated:

Home Depot's fiscal second-quarter net income surged 14 percent thanks to a rebound in its spring selling season. More>>

McDonald's to sell packaged coffee nationally

Updated:

McDonald's plans to start selling its packaged coffee at supermarkets nationally by early next year, a move intended to help raise the profile of the coffee sold at its U.S. restaurants. More>>

US stocks open higher; Home Depot rises

Updated:

Better news on home building and corporate earnings are sending stocks higher. More>>

Consumer prices edge up 0.1 percent in July

Updated:

U.S. consumer prices rose in July at the slowest pace in five months, held back by a drop in gasoline prices. More>>

UK inflation rate falls more than expected

Updated:

Britain's inflation rate fell more than expected in July, to 1.6 percent from 1.9 percent in June, easing pressure on the Bank of England as it weighs when to raise interest rates. More>>

Asia stocks rise after US gains, Ukraine diplomacy

Updated:

Asian stocks were mostly higher Tuesday after U.S. markets rose on news of diplomatic efforts to broker a cease-fire in Ukraine. More>>

'Ninja Turtles' kicks out box-office competition

Updated:

The reptile reboot "Teenage Mutant Ninja Turtles" held off a trio of new challengers at the weekend box office. More>>

Dollar General enters bidding for Family Dollar

Updated:

The nation's top dollar store chains are betting big that their once-thriving business will make a comeback if they band together. More>>

New Corvette feature keeps an eye on valets

Updated:

Face it. If you own a luxury or sports car, whenever you hand the keys to a valet, you imagine the car going on a high-speed joyride like the Ferrari in the 1980s cult movie "Ferris Bueller's Day Off." More>>

US stocks move higher; Dollar General jumps

Updated:

A bidding contest for a discount retailer and easing concerns about Ukraine helped send U.S. stock indexes higher. More>>

PG&E pleads not guilty to charges in deadly blast

Updated:

Pacific Gas & Electric Co. pleaded not guilty Monday to charges in a new indictment that accuses the utility of lying to federal investigators looking into a fatal pipeline explosion in a San Francisco Bay Area... More>>

Iceland warns of possible volcanic eruption

Updated:

Iceland has raised its alert level for the risk of a possible volcanic eruption to orange -the second-most severe level. More>>

NYC's Met opera reaches deals with 2 unions

Updated:

New York's Metropolitan Opera reached tentative labor deals with two of its largest unions early Monday while negotiations continued with 10 more unions in hopes of averting a lockout. More>>

USDA: Cost to raise child up slightly to $245,340

Updated:

A message for new parents: get ready for sticker shock. More>>

McDonald's confronts its junk food image

Updated:

At a dinner McDonald's hosted for reporters and bloggers, waiters served cuisine prepared by celebrity chefs using ingredients from the chain's menu. More>>

UK to pay Raytheon $373 million in tribunal ruling

Updated:

Britain's government says it will pay some 224 million pounds ($373 million) to defense firm Raytheon Systems Ltd. for unlawfully ending a contract for a program meant to collect information in advance about passengers... More>>

PriceWaterhouseCoopers to pay $25M in bank case

Updated:

PriceWaterhouseCoopers will pay $25 million and face a two-year suspension from consulting for new bank clients under an agreement with New York regulators following an investigation that showed the company improperly... More>>

Unemployment rises in most US states in July

Updated:

Unemployment rates rose in 30 U.S. states last month, even as employers in two-thirds of the states stepped up hiring. The trends reflect an increase in job-hunters nationwide as an improving economy has encouraged more... More>>

Russian hacking suspect ordered held until trial

Updated:

A federal judge on Friday ordered the son of a prominent Russian lawmaker to remain in custody until his trial on computer hacking charges, after a prosecutor said evidence recovered from his laptop after his arrest in the... More>>

Alibaba film unit finds possible accounting issues

Updated:

The recently acquired film unit of Chinese e-commerce giant Alibaba said Friday that a review has uncovered possible accounting irregularities. More>>

Money laundering charge added to FedEx drug case

Updated:

Federal prosecutors say several addicts died soon after receiving shipments of illegal prescription drugs via FedEx. More>>

US stocks move higher; Family Dollar jumps

Updated:

U.S. stocks are moving higher, following big gains in Europe and the latest moves in corporate dealmaking. More>>

US homebuilder confidence rises in August

Updated:

By ALEX VEIGA AP Real Estate Writer U.S. homebuilders are feeling more confident in their sales prospects headed into next year, a sign that home construction and sales of newly built homes may pick up... More>>

Irish bonds yields hit record low after upgrade

Updated:

Yields on Ireland's government bonds have fallen to record lows following a ratings upgrade, a stunning turnaround for a country that faced bankruptcy in 2010. More>>

Scientists racing to test Ebola vaccines in humans

Updated:

Scientists are racing to begin the first human safety tests of two experimental Ebola vaccines, but it won't be easy to prove that the shots and other potential treatments in the pipeline really work. More>>

US stocks open higher; Family Dollar jumps

Updated:

U.S. stocks are opening higher, following gains in Europe. More>>

SeaWorld plans bigger killer whale environments

Updated:

After more than a year of public criticism of its treatment of killer whales, SeaWorld said Friday that it will build new, larger environments at its theme parks and will fund additional research on the animals along with... More>>

Why global turmoil hasn't sunk US markets. Yet.

Updated:

Europe appears on the brink of another recession. Islamic militants have seized Iraqi territory. Russian troops have massed on the Ukraine border, and the resulting sanctions are disrupting trade. An Ebola outbreak in... More>>

EU pledges $168m to offset Russia sanctions cost

Updated:

The European Commission is pledging 125 million euros ($168 million) to assist fruit and vegetable producers hit by Russia's ban on food imports from the 28-nation bloc. More>>

China says Mercedes guilty of price abuses

Updated:

China's government said Monday it has concluded Mercedes-Benz violated anti-monopoly law and charged excessive prices for parts, adding to a growing number of global automakers snared in an investigation of the industry. More>>

Supervalu becomes latest to suffer data breach

Updated:

A data breach at Supervalu may have impacted as many as 200 of its grocery and liquor stores and potentially affected retail chains recently sold by the company in two dozen states. More>>

'Turtles' tops weak debut for 'Expendables 3'

Updated:

Moviegoers continued to shell out for "Teenage Mutant Ninja Turtles," while Sylvester Stallone's action ensemble "The Expendables 3" was easily out-gunned in its weekend debut. More>>

Liberia: Ebola fears rise as clinic is looted

Updated:

Liberian officials fear Ebola could soon spread through the capital's largest slum after residents raided a quarantine center for suspected patients and took items including bloody sheets and mattresses. More>>

Bourbon production reaches high point since '70s

Updated:

In a business where patience is part of the process, Kentucky bourbon makers are making a big bet by stashing away their largest stockpiles in more than a generation. More>>

Foreign holdings of Treasury debt top $6 trillion

Updated:

Foreign buyers of U.S. Treasury securities increased their holdings in June, topping $6 trillion for the first time. More>>

Three-wheeled Elio gets closer to going on sale Video included

Updated:

Your next commuter car could have two seats, three wheels and get 84 miles to the gallon. More>>

US factory output surges in July

Updated:

U.S. factory output rose for the sixth consecutive month in July, led by a jump in the production of motor vehicles, furniture, textiles and metals. More>>

US producer prices rise just 0.1 percent in July

Updated:

Falling gasoline costs lowered the prices that U.S. companies received for their goods and services last month, keeping overall inflation in check. More>>

Study questions need for most people to cut salt

Updated:

By MARILYNN MARCHIONE AP Chief Medical Writer A large international study questions the conventional wisdom that most people should cut back on salt, suggesting that the amount most folks consume is OK... More>>

Online sites shake up hidebound retailing in India

Updated:

Finding a way into India's vast but vexing market has long frustrated foreign retailers. Now, overseas investors are pouring billions of dollars into e-commerce ventures that are circumventing the barriers holding back... More>>

'62 Ferrari sold at auction for $34 million

Updated:

A rare 1962 Ferrari 250 GTO once owned by a famed racing driver and Olympic gold medalist has sold for $34.65 million. More>>

Feds close probe of refinery blast that killed 7

Updated:

The U.S. Justice Department said Friday it will file no criminal charges following a four-year investigation into the April 2010 explosion that killed seven workers at the Tesoro Corp. refinery in Anacortes. More>>

Renewed fighting in Ukraine rattles stocks

Updated:

Renewed fighting in Ukraine rattled markets on Friday. Reports that Ukrainian forces attacked Russian military vehicles that had crossed the border knocked stock markets down in the afternoon and sent traders into the... More>>

John Kerry talks Asian relationships, trade pact

Updated:

U.S. Secretary of State John Kerry's address to Hawaii's East-West Center think tank this week drew attention primarily for its focus on the need for a constructive relationship with China to ensure regional peace... More>>

More Clinton-Obama differences likely to emerge

Updated:

Hillary Rodham Clinton's split with President Barack Obama over a foreign policy "organizing principle" isn't likely to be the last time differences emerge between the two. How she handles those breaks could be... More>>

Deadline to clear up health law eligibility near

Updated:

The clock is ticking for hundreds of thousands of people who have unresolved issues affecting their coverage under the new health care law. More>>

USDA: Puppy imports must be healthy, 6 months old

Updated:

Foreign dog breeders have gone unregulated for years, shipping puppies so young and so sick that one in four died before reaching a U.S. airport, animal welfare workers say. More>>

Clinton's break with Obama on Syria _ what's next

Updated:

Hillary Rodham Clinton's split with President Barack Obama over a foreign policy "organizing principle" isn't likely to be the last time differences emerge between the two. How she handles those breaks could be... More>>

Jeb Bush lends political star power to Rick Scott

Updated:

Jeb Bush is lending his political star power to embattled Florida Gov. Rick Scott, who is locked in a tight race for re-election in the nation's largest swing-voting state. More>>

Stocks overcome a midday tumble on Ukraine

Updated:

The stock market recovered from a midday swoon caused by the latest worries over Ukraine and ended little changed. More>>

Amazon debuts mobile payment app and card reader

Updated:

Amazon is taking direct aim at mobile payment systems such as Square by introducing the Amazon Local Register, a credit-card processing device and mobile app designed to help small business owners accept payments through... More>>

Reports of fighting in Ukraine erase stock gain

Updated:

Reports of renewed fighting in Ukraine are sending stocks lower in midday trading. More>>

Hungary: Sanctions on Russia more damaging to West

Updated:

Hungary's prime minister said the West is "shooting itself in the foot" with inadequately thought through economic sanctions against Russia. More>>

US stocks open higher, head for weekly gain

Updated:

U.S. stocks are opening higher as the market heads for a solid weekly gain. More>>

Lehman unsecured creditors to get distribution

Updated:

Unsecured general creditors of Lehman Brothers will get $4.6 billion in their first round of payouts from the bankrupt investment bank next month. More>>

Lake body may be suspected Liechtenstein shooter

Updated:

Police say a body found drifting in Lake Constance may be that of a former Liechtenstein fund manager suspected of fatally shooting a bank's chief executive earlier this year. More>>

Billionaire Berggruen drops stake in German chain

Updated:

German-American billionaire Nicolas Berggruen has given up his stake in Germany's Karstadt department store chain after failing to turn the ailing company around. More>>

Apple bans use of 2 chemicals in iPhone assembly

Updated:

Apple is banning the use of two potentially hazardous chemicals during the final assembly of iPhones and iPads as part of the company's latest commitment to protect the factory workers who build its trendy devices. More>>

China panel fires adviser over Qualcomm tie

Updated:

A panel that advises China's Cabinet on anti-monopoly policy has fired an economist who was paid to help prepare a report for Qualcomm, a U.S. company that is the target of a pricing investigation, according to state... More>>

Pope makes tough sell on materialism in SKorea Video included

Updated:

Pope Francis urged Catholic youth on Friday to renounce the materialism that afflicts much of Asian society today and reject "inhuman" economic systems that disenfranchise the poor, pressing his economic agenda in one of... More>>

Challengers line up Wyoming's US senator

Updated:

Sen. Mike Enzi said his son didn't benefit from the senator's position in landing a job with a company that received almost $10 million from the U.S. Department of Energy to develop a carbon-capture project that... More>>

Sentencing panel to weigh economic crime penalties

Updated:

The federal panel that sets sentencing policy announced Thursday that it plans in the coming year to consider changes to sentencing guidelines for some white-collar crimes. More>>

Cisco to lay off up to 6,000 workers

Updated:

Cisco said Wednesday that it will lay off up to 6,000 workers, or 8 percent of its workforce, as part of a restructuring. More>>

Coca-Cola bets on energy drinks with Monster stake

Updated:

Coca-Cola is buying a 16.7 percent stake in Monster Beverage for $2.15 billion, with the world's biggest soda maker hoping to benefit from the surging popularity of energy drinks. More>>

Wal-Mart cuts profit outlook

Updated:

Wal-Mart Stores Inc. cut its annual profit outlook on Thursday amid sluggish sales, higher-than-expected health care costs and the need to invest more in its e-commerce operations. More>>

Berkshire Hathaway stock tops $200,000

Updated:

Naysayers have been calling shares of Warren Buffett's company overpriced for decades. More>>

Stores have a solid start to back-to-school season

Updated:

The back-to-school shopping season is off to a promising start, but retailers may be sacrificing profit for sales. More>>

NY Fed: US auto loans soar to highest in 8 years

Updated:

U.S. auto loans jumped to the highest level in eight years this spring, fueled by a big increase in lending to risky borrowers, according to a report Thursday by the Federal Reserve Bank of New York. More>>

Powered by WorldNow

WJBK-TV | Fox 2
16550 West Nine Mile Rd.
Southfield, MI 48075

Main Station: (248) 557-2000
Newsroom: (248) 552-5103

Didn't find what you were looking for?
All content © Copyright 2000 - 2014 Fox Television Stations, Inc. and Worldnow. All Rights Reserved.
Privacy Policy | New Terms of Service What's new | Ad Choices