BUSINESS

Hobby Lobby to pay $3M fine, hand over illicit ancient artifacts

Hobby Lobby to pay $3M fine, hand over illicit ancient artifacts

Volvo plans to stop making gas-only cars in 2019

Volvo plans to stop making gas-only cars in 2019

McDonald's is fighting drunk customers with Mozart and Bach

McDonald’s is fighting drunk customers with Mozart and Bach

THE LATEST

Vantiv to buy UK payment processor Worldpay for $10B

Vantiv to buy UK payment processor Worldpay for $10B

Worldpay Group, Britain’s largest payment processor, on Wednesday reached a $9.95 billion deal to be purchased by Vantiv, a US credit card technology firm, the companies said. The deal was…
True Religion files for bankruptcy

True Religion files for bankruptcy

True Religion Brand Jeans, burdened by an expensive pile of debt, on Monday filed a pre-pack Chapter 11 petition that will hand control of the Los Angeles company over to…
How Independence Day sales are a total ripoff

How Independence Day sales are a total ripoff

Don’t buy into all the July 4th hype. Independence Day sales are likely filling up your email inbox this week, but many of these markdowns are all flash, no cash….
Rogue FBI informant wants case against him tossed

Rogue FBI informant wants case against him tossed

Guy Gentile wants the Securities and Exchange Commission off his back. The former FBI informant gone rogue, citing a recent Supreme Court decision that drew a strict five-year statute of…
Prosecutors ask judge to shut up ‘Pharma Bro’

Prosecutors ask judge to shut up ‘Pharma Bro’

Even federal prosecutors want loudmouth “Pharma Bro” Martin Shkreli to shut up. Prosecutors trying the notorious 34-year-old for securities fraud asked Judge Kiyo Matsumoto on Monday for a gag order…
Jana Partners tries blocking pricey energy company merger

Jana Partners tries blocking pricey energy company merger

Jana Partners is trying to block an expensive merger between two energy companies. The Barry Rosenstein-led activist hedge fund announced a 5.8 percent stake in Pittsburgh-based EQT Corporation on Monday,…
Whole Foods recalls tuna salad that was labeled as chicken

Whole Foods recalls tuna salad that was labeled as chicken

M​aybe they thought Chicken of the Sea was really chicken​. Tri-state area Whole Foods ​supermarkets ​recalled ​their deli-sold chicken salad over the weekend, because it’s actually tuna salad ​— accidentally…
Diamonds just got even more valuable

Diamonds just got even more valuable

Diamonds just got much more valuable. Thanks to Australian research, they will soon become “lenses” offering a powerful view of individual molecules and atoms. The ability to do this is…
Microsoft is ready to lay off thousands of employees

Microsoft is ready to lay off thousands of employees

Microsoft is expected to announce a major reorganization Wednesday — moves that may include pink slips for thousands of employees. The software giant will reorganize its global sales group as…
Derek Jeter gets financial backing for Marlins bid

Derek Jeter gets financial backing for Marlins bid

Derek Jeter finally has the financial backing to execute his bid for the Miami Marlins baseball team, On the Money has learned. The Yankees legend has suffered from rumors that…
Give the country a raise by cutting payroll taxes

Give the country a raise by cutting payroll taxes

Before we raise the flag or set off any fireworks, let’s look at a meaningful message for this 241st celebration of American independence. It’s hard work to successfully build a…
Congress takes action against shell companies amid scandal

Congress takes action against shell companies amid scandal

Congress is taking action against shell companies doing mysterious — sometimes nefarious — dealings such as the Malaysian sovereign wealth fund 1MBD, which ensnared Goldman Sachs and its Asian chief,…
Jeff Jarrett makes comeback to Impact Wrestling

Jeff Jarrett makes comeback to Impact Wrestling

Impact Wrestling’s Slammiversary XV, a pay-per-view event Sunday night from Orlando, Fla., publicly reunites Jeff Jarrett with the wrestling outfit he co-founded with his dad in 2002. Jarrett left Impact,…
Verizon rumored to be eyeing purchase of Disney

Verizon rumored to be eyeing purchase of Disney

Verizon Communications’ Lowell McAdam could be hiking the Sawtooth Mountains in Sun Valley next week, perhaps in search of his next deal now that the phone company closed its acquisition…
New owner takes Gracious Home out of bankruptcy

New owner takes Gracious Home out of bankruptcy

Gracious Home has a new lease on life. The twice-bankrupt home goods retailer has emerged from its latest trip through Chapter 11 with plans to become the Warby Parker of…
Warren Buffett casts big shadow in banking world

Warren Buffett casts big shadow in banking world

Warren Buffett’s Berkshire Hathaway is now the largest single shareholder of Bank of America — but that’s not the only piece of Wall Street he owns. Buffett, 86, is also…
Stocks close out second quarter with solid gains

Stocks close out second quarter with solid gains

US stocks faded in the last 10 minutes of trading on Friday — but nonetheless closed out the second quarter with solid gains. The Dow Jones industrial average finished the…
McCartney and Sony: We can work it out

McCartney and Sony: We can work it out

Paul McCartney and music publisher Sony/ATV have proved that life is very short, and there’s no time for fussing and fighting. The two have settled a lawsuit the legendary singer…
Merger-stingy FTC claims drug chain tie-up

Merger-stingy FTC claims drug chain tie-up

Trustbusters are thriving under President Trump. Walgreens and Rite Aid nixed their $9.4 billion mega-merger on Thursday, becoming the latest casualties of Washington regulators who have policed tie-ups aggressively this…
Bill Ackman snags Twitter followers — without tweeting

Bill Ackman snags Twitter followers — without tweeting

Billionaire hedgie Bill Ackman is stalking the Twitter-verse. The founder of the $11 billion Pershing Square funds quietly joined Twitter this month, a spokesperson confirmed on Thursday — although the…
Staples is going private in $6.9 billion deal

Staples is going private in $6.9 billion deal

Sycamore Partners said on Wednesday it would acquire office supplies chain Staples for $6.9 billion, a rare bet by a private equity firm this year in the US retail sector,…
Steven Mnuchin cleared on fraud charge

Steven Mnuchin cleared on fraud charge

A New York judge has dismissed a claim in a civil suit that alleged Treasury Secretary Steven Mnuchin had committed fraud while serving on the board of Relativity Media, a…
Walmart escalates war of words with Amazon

Walmart escalates war of words with Amazon

Walmart is escalating its war of words with Amazon by sending veiled messages to the trucking companies that haul its merchandise from its distribution centers and stores, telling them if…
Fed warns not to get too excited about spiking stocks

Fed warns not to get too excited about spiking stocks

The Federal Reserve doesn’t have a nifty phrase for skyrocketing stock prices — like when former Fed chief Alan Greenspan said back in the 1990s that people were “irrationally exuberant”…
Pharma Bro trial actually finds enough impartial jurors

Pharma Bro trial actually finds enough impartial jurors

​After going two and a half days without seating a single juror, ​lawyers in Martin Shkreli’s ​Ponzi ​trial ​went into overdrive Wednesday afternoon and picked 12 people to weigh the…
Leon Black’s Apollo raises biggest buyout fund ever

Leon Black’s Apollo raises biggest buyout fund ever

Billionaire Leon Black’s private-equity firm Apollo Global Management has raised a record $23.5 billion for the world’s biggest-ever buyout fund, according to a report. The boffo raise eclipses the previous…
Blue Apron slashes its IPO price by a third

Blue Apron slashes its IPO price by a third

The planned Amazon-Whole Foods merger is spoiling Blue Apron’s big day. The online meal-kit company took a butcher’s knife to its valuation on Wednesday when it repriced the 30 million…
Scaramucci finally lands gig in Trump administration

Scaramucci finally lands gig in Trump administration

Anthony Scaramucci is finally heading to Washington. The Long Island-born financier and loyalist to President Donald Trump was appointed chief strategy officer of the Export-Import Bank last week — roughly…
The company that makes Ugg boots is under attack

The company that makes Ugg boots is under attack

If the company that owns Ugg boots doesn’t step into line, its board could get kicked to the curb. Activist investment fund Marcato Capital, which has been prodding Ugg’s struggling…
Colbert’s 18-week winning streak over Fallon is over

Colbert’s 18-week winning streak over Fallon is over

Stephen Colbert’s 18-week run atop the late-night ratings heap has come to an end. “The Tonight Show Starring Jimmy Fallon” edged out “The Late Show with Stephen Colbert” by 34,000…
Facebook in deal to live stream soccer with Fox Sports

Facebook in deal to live stream soccer with Fox Sports

Facebook is partnering with Fox Sports to stream live European soccer matches over the internet beginning in September, according to a report. The social-networking site will stream more than a…
Sprint explores partnership with Comcast and Charter

Sprint explores partnership with Comcast and Charter

US wireless carrier Sprint is in talks with Charter Communications and Comcast about a partnership to boost the two US cable companies’ wireless offerings, according to sources familiar with the…
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