Business News

Business Alibaba surges in its debut Alibaba surges in its debut
Alibaba's stock is surging as the Chinese e-commerce powerhouse begins its first day trading as a public company.
Business Yahoo rakes in another jackpot from Alibaba's IPO Yahoo rakes in another jackpot from Alibaba's IPO
Yahoo is making amends for years of blundering with one smart move: an early investment in China's Alibaba Group that has turned into a multibillion-dollar boon.
Business UAW workers in Indiana approve Lear Corp. contract
Workers at a Lear Corp. plant in northwestern Indiana that makes automotive seats approved an agreement Sunday that will end a two-tiered pay system that left some workers earning much less than others.
Business JetBlue's CEO will step down early next year
JetBlue Airways Corp. CEO Dave Barger will step down in February and be replaced by the company's president, ending months of speculation about leadership at the airline, which is profitable but has lagged its rivals.
Business PG&E emails may have violated rules, judge says PG&E emails may have violated rules, judge says
California's largest utility, Pacific Gas & Electric Co. may have violated state rules by negotiating with state regulators earlier this year to have a judge that PG&E preferred appointed to decide one of the utility's rate cases, an administrative judge with the state's public utilities commission said in a notice to PG&E.
Business California bill increases Hollywood tax credits California bill increases Hollywood tax credits
Gov. Jerry Brown headed to the cradle of the Hollywood film industry Thursday to sign legislation that more than triples the state's tax credit to $330 million a year for films and TV shows produced in California.
Business Applications for US jobless benefits fall sharply Applications for US jobless benefits fall sharply
The number of people applying for U.S. unemployment benefits dropped by a sharp 36,000 last week to a seasonally adjusted 280,000, a sign that the job market is strengthening.
Business Volatile apartment sector reduces US home building Volatile apartment sector reduces US home building
U.S. home construction plunged in August, led by steep decline in the volatile apartment category. But single-family house construction, a larger and more stable portion of the market, fell only modestly.
Business U.S. consumer prices fall 0.2 percent in August U.S. consumer prices fall 0.2 percent in August
U.S. consumer prices edged down in August, the first monthly drop since the spring of 2013, as gasoline, airline tickets and clothing prices all fell. It was the latest evidence that inflation remains under control.
Business FedEx to add 50,000 temporary jobs for holiday season FedEx to add 50,000 temporary jobs for holiday season
Growth in online shopping is boosting profit at FedEx, and the company plans to hire more than 50,000 extra workers to handle what is shaping up as another record year for holiday-season package deliveries.
Business Sony forecasts $2 billion loss as smartphones lag Sony forecasts $2 billion loss as smartphones lag
Sony expects its annual loss to swell to $2 billion and has canceled dividends for the first time in more than half a century after writing down the value of its troubled smartphone business.
Business UPS expects to hire up to 95,000 seasonal workers UPS expects to hire up to 95,000 seasonal workers
UPS plans to hire up to 95,000 workers to help deliver packages during the busy holiday season — an increase from last year, when the company was caught unprepared for a boom in online shopping.
Business Anheuser-Busch 'disappointed' in NFL Anheuser-Busch 'disappointed' in NFL
Anheuser-Busch, one of the NFL's biggest sponsors, says it isn't happy with the recent controversy that has engulfed the league.