Radioshack declares bankruptcy
But closing stores is expensive, due to the cost of severance, liquidating merchandise and paying penalties to get out of leases. – Most stock quote data provided by BATS. Market…
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Greek banks hit as Europe stands firm over bailout
Stocks in Athens fell by 6% in early trading, and the country’s banks were even harder hit. Piraeus Bank (BPIRF) plunged by 16% and the National Bank of Greece (NBG)…
Mobile merger: U.K.’s $19 billion telecoms deal
Britain’s mobile sector is dominated by EE, Vodafone (VOD) and O2, which BT spun off in 2001 to help pay down debt. – Most stock quote data provided by BATS….
My RadioShack franchise store will be fine
Brezinsky would prefer to see RadioShack live on in some form, but he’s prepared to keep his stores open under a different name if necessary. That might happen soon —…
Twitter still doesn’t have as many users as Instagram
Investors pushed the stock up about 10% as excitement builds about Twitter’s expansion of the video capabilities on its site, its partnerships with other tech companies and the new ability…
Brands that are hurting: Kors, Ralph Lauren, Calvin Klein
It’s likely to be a similar issue for Calvin Klein and Tommy Hilfinger. Both have about half their business overseas now notes Bridget Weishaar, an equity analyst at Morningstar. “Foreign…
Very weird: Corporate bond rates go negative
Related: European stocks love QE Racing below zero: So what’s sparking this latest fad in finance? Central bankers around the world are experimenting with new recipes aimed at jump starting…
Brian Williams the latest in a string of NBC blunders
October 9, 2014: Dr. Nancy Snyderman: Who could forget NBC’s chief medical editorwho violated her voluntary quarantine last year after returning from Ebola-stricken West Africa? – Most stock quote data…
Ferguson police explores ‘less lethal’ gun attachment
Ferguson, along with law enforcement agencies around the country, are under a lot of pressure to consider less lethal force. – Most stock quote data provided by BATS. Market indices…
4 bad things Internet companies can’t do anymore — if the FCC gets its way
Your phone carrier can’t block tethering apps, which turn your phone into an Internet hotspot for your laptop or tablet. AT&T (T, Tech30), Sprint (S), T-Mobile (TMUS) and Verizon (VZ,…
Toyota to pay $11.4 million in fatal Camry crash
Lee and his family were not harmed in the accident. In 2008, Lee was sentenced to eight years in prison for criminally negligent homicide. – Most stock quote data provided…
FCC chairman: Here’s how I want to regulate the Internet
This addresses a real problem. For example, Verizon blocked Google Wallet back in 2011. Verizon also blocked the PayPal app’s fingerprint authorization this year. But some things are still unclear….
Strong dollar winners: All-American stocks
So who are some of these companies with almost all their eggs in a stars and stripes basket? They are in a wide range of industries. Here’s a sampling of…
Breyers ice cream going artificial growth hormone-free
Related: Cow farmers get high-tech tracking app – Most stock quote data provided by BATS. Market indices are shown in real time, except for the DJIA, which is delayed by…
AT&T: We’re going to sue the government
AT&T warns that the FCC’s attempt to regulate broadband more heavily won’t work for two reasons. First, it says the FCC can’t view Internet providers as telecom-like utilities, because the…
Citi: The oil (and gas) plunge isn’t over yet
That thinking could be weighing on sentiment among oil traders on Wednesday. In late morning trading crude was down 5% to $50.27 a barrel. Related: How the oil boom changed…
Insurance giant Anthem hit by massive data breach
Records have also been stolen from Neiman Marcus, JPMorgan Chase (JPM), Experian, eBay (EBAY, Tech30) and Home Depot (HD). – Most stock quote data provided by BATS. Market indices are…
Billionaire Saudi prince unloads most of his stake in News Corp
He said the reduction of Kingdom Holding Company’s stake in News Corp. was “decided in the context of a general portfolio review.” Most stock quote data provided by BATS. Market…
Where the super rich are buying homes
London is the second most popular city for wealthy real estate buyers, and finance is also the top profession. Most foreign buyers in London come from India. – Most stock…
The ‘Game of Thrones’ banquet you’re invited to
Related: Learn to speak ‘Game of Thrones’ – Most stock quote data provided by BATS. Market indices are shown in real time, except for the DJIA, which is delayed by…
A swarm of drones that just wants to help
“The aim of the Drones for Good competition is to find positive ways to use drones to improve the lives of people around the world,” said Saif Al Aleeli, the…
How the oil boom has changed the face of North Dakota
Related: Oil boomtown: ‘We could see 20,000 layoffs by June’ – Most stock quote data provided by BATS. Market indices are shown in real time, except for the DJIA, which…
Fly business class to London for 50% less
Other upstarts have tried to grab a slice of the lucrative transatlantic business travel market before. Three all-business operatorsEos Airlines, MAXjet and Sliverjethad all collapsed by 2008. A fourth, L’Avion…
Rich are 8 times likelier to graduate college than poor
Those with college degrees tend to have higher earnings, lower unemployment rates and poverty levels, better health and longer lives. Society as a whole also benefits from higher graduation rates…
GM’s total recall cost: $4.1 billion
Most of the recall costs were taken by the company earlier in the year, and the fourth quarter results reported Wednesday were strong. Operating income jumped 27% in the quarter,…
India now has more billionaires than Russia
But what has been a stellar year for India has been a disaster for Russia’s business elite. – Most stock quote data provided by BATS. Market indices are shown in…
Samsung’s Galaxy S6 is coming March 1
1. Better design. Out with the plastic, in with the metal. The Galaxy S series has been bemoaned for its plastic shell, as most high-end smartphones now opt for fancier,…
Ford raising pay of hundreds of workers nearly 50%
With normal attrition and plans announced Tuesday to hire an additional 1,550 workers to meet demand for the new F-150 pickup truck, Ford said it will be raising the pay…
Alibaba is using drones to deliver tea
The potential of using drones for commercial delivery has caught the attention of e-commerce and logistics companies across the globe. – Most stock quote data provided by BATS. Market indices…
Amazon opens its first store
But Amazon has experimented with physical locations before, placing lockers in stores across the country. And Bloomberg reports that Amazon is considering a purchase of RadioShack stores after the company…