Business News

Business Abercrombie shares tumble as teens turn elsewhere Abercrombie shares tumble as teens turn elsewhere
The Abercrombie & Fitch logo has lost the power it once wielded. Shares of Abercrombie & Fitch Co. tumbled Thursday after reporting weak sales as more teens shop elsewhere.
Business Governor, lawmakers agree on Hollywood tax credit Governor, lawmakers agree on Hollywood tax credit
California lawmakers and Gov. Jerry Brown say they have reached a deal that would offer $330 million a year in tax credits for Hollywood film productions over five years.
Business U.S. economy forecast to grow by 1.5 percent in 2014 U.S. economy forecast to grow by 1.5 percent in 2014
The Congressional Budget Office on Wednesday forecast that the U.S. economy will grow by just 1.5 percent in 2014, undermined by a poor performance during the first three months of the year.
Business Low-budget Ryanair launches business-class Low-budget Ryanair launches business-class
European budget carrier Ryanair is offering business-class tickets in an attempt to woo companies and governments during penny-pinching times.
Business Malaysia Airlines set for shakeup after disasters Malaysia Airlines set for shakeup after disasters
Malaysia is preparing to unveil the latest overhaul of its beleaguered state-owned airline, which is reeling from twin disasters months apart that killed hundreds of passengers.
Business U.S. durable goods orders surge record 22.6 percent U.S. durable goods orders surge record 22.6 percent
Business orders for long-lasting manufactured goods shot up by the largest amount on record in July. But most of the strength came from demand for commercial aircraft, which tends to fluctuate sharply from month to month. Outside of transportation, orders dipped.
Business Burger King buying Tim Hortons for about $11 billion Burger King buying Tim Hortons for about $11 billion
Burger King says it struck a deal to buy Tim Hortons Inc. for about $11 billion, a move that creates the world's third-largest fast-food company and could accelerate the international expansion of the Canadian coffee and doughnut chain.