Business News

Subscribe to Business News feed Business News
Find the latest business news with reports on Wall Street, interest rates, banking, companies, and U.S. and world financial markets. Subscribe to the Business Story of the Day podcast.
Updated: 1 hour 56 min ago

Chocolatier Lindt To Buy Russell Stover

Tue, 07/15/2014 - 4:11am

Russell Stover has a long history, a large distribution network and loyal U.S. customers — the world's largest chocolate market. Lindt specializes in higher-end brands like Ghirardelli and Lindor.

» E-Mail This

Coal-Burning Power Plant To Give New Life To Texas Oil Field

Tue, 07/15/2014 - 4:11am

About 1.6 million tons of carbon dioxide will be captured annually from a coal-burning power plant near Houston. Then the CO2 will be injected into a nearby oil field to help boost crude production.

» E-Mail This

VW To Expand Chattanooga Plant

Tue, 07/15/2014 - 4:11am

German automaker Volkswagen will add 2,000 new jobs at the Tennessee plant. They'll make a new seven-passenger SUV.

» E-Mail This

Kurds May Have Oil To Export, But Buyers Are Harder To Find

Tue, 07/15/2014 - 2:32am

Iraq's Kurdish region sits on vast amounts of oil. The regional government says it has the right to export the oil. But Baghdad is blocking those sales, saying only it has the right to sell Iraqi oil.

» E-Mail This

Leased Solar Panels Can Cast A Shadow Over A Home's Value

Tue, 07/15/2014 - 2:31am

Installing solar panels on a house to produce electricity is expensive. Leasing is one popular alternative, but some homeowners are learning 20-year contracts can complicate a home sale.

» E-Mail This

The Rise Of The Online Rebuttal — And How It's Making Waves In Print

Mon, 07/14/2014 - 3:06pm

Actor George Clooney published an online response to allegations made about his upcoming marriage by The Daily Mail, convincing the British tabloid to take its story down. It was just the latest successful example of an evolving phenomenon: the online rebuttal.

» E-Mail This

Citigroup Agrees To $7 Billion Fine For 'Egregious' Misconduct

Mon, 07/14/2014 - 3:06pm

Citigroup has agreed to pay $7 billion to settle claims that it committed fraud when it sold mortgage-backed securities in the years leading up to the financial crisis. Most of the money will be paid to the U.S. Treasury, but some will be used to provide mortgage relief to struggling homeowners.

» E-Mail This

In Europe, Google Stumbles Between Free Speech And Privacy

Mon, 07/14/2014 - 3:06pm

Europe's highest court left Google with the responsibility of balancing the privacy rights of citizens with the public interest — and it's a tough balancing act.

» E-Mail This

Accounting Giant To Pay $4 Million After Improper Lobbying

Mon, 07/14/2014 - 2:25pm

The SEC announced Monday that auditing giant Ernst & Young will pay $4 million to settle charges a subsidiary lobbied Congress inappropriately. The firm neither admitted nor denied the charges.

» E-Mail This

How A Factory Man Fought To Save His Furniture Company

Mon, 07/14/2014 - 2:16pm

Virginia furniture owner John Bassett III was determined to beat out foreign competitors. Author Beth Macy documents him, and the collapse of the U.S. furniture industry, in her new book, Factory Man.

» E-Mail This

Trump Plaza Latest Atlantic City Casino To Fold

Mon, 07/14/2014 - 1:46pm

The casino sent out a warning on Monday to more than 1,000 employees that their jobs will likely end in September. It could be one of four Atlantic City casinos to shut down.

» E-Mail This

Tech Giants Make Net Neutrality Case As Deadline Nears

Mon, 07/14/2014 - 12:16pm

The nation's top Internet companies are officially pressing for broad regulation to maintain free and equal access to the Internet.

» E-Mail This

Citigroup Settles Subprime Mortgage Case For $7 Billion

Mon, 07/14/2014 - 11:34am

Citigroup has settled civil charges related to the marketing of mortgage-backed securities in the years leading up to the financial crisis. Some of the money will go toward mortgage relief.

» E-Mail This

Sweet Deal? Chocolatier Lindt Buys Russell Stover

Mon, 07/14/2014 - 8:59am

The purchase would make the combined company the No. 3 chocolate maker in North America. The deal's value is estimated at around $1.5 billion.

» E-Mail This

Citigroup Agrees To Settlement Over Risky Mortgages

Mon, 07/14/2014 - 6:58am

Citigroup will pay $4 billion to the Justice Department and spend $2.5 billion to help struggling homeowners modify their mortgages. And, talks are underway between the government and Bank of America.

» E-Mail This

Citigroup Agrees To Pay $7B To Resolve Mortgage Investigation

Mon, 07/14/2014 - 6:40am

The deal frees Citi from potential liability for collateralized debt obligations as well as mortgage-backed securities issued, structured or underwritten by the company between 2003 and 2008.

» E-Mail This

In The Future, Calorie Counting Could Be A Lot Easier

Mon, 07/14/2014 - 4:05am

Tracking the food you eat can be tedious. But a GE scientist is working on a device that goes over your plate, and tells you exactly what's in the food you're about to eat.

» E-Mail This

China Indicts GlaxoSmithKline Investigators

Mon, 07/14/2014 - 4:05am

Prosecutors in Shanghai have charged a British detective and his American wife with illegally buying and selling personal information about Chinese citizens.

» E-Mail This

Switzerland's Lindt To Buy Russell Stover Candies

Mon, 07/14/2014 - 2:55am

Swiss chocolate maker Lindt & Spruengli says it is buying U.S. manufacturer Russell Stover Candies, Inc., for an undisclosed sum. Lindt says it will become the No. 3 chocolate maker in North America.

» E-Mail This

Saskawhat? A Novel Berry From Canada Takes Root On Michigan Farms

Mon, 07/14/2014 - 2:34am

Some rookie farmers in northern Michigan are growing saskatoon, an imported shrub from Canada that looks like blueberry. They're also experimenting with it in the kitchen — in jams and pies.

» E-Mail This

Pages

©2014 WLRH PUBLIC RADIO

Address

WLRH Public Radio
UAH Campus
John Wright Drive
Huntsville, AL 35899

Get Directions

Phone

LOCAL:
(256) 895-9574

TOLL-FREE:
(800) 239-9574