Business

Delta says frequent fliers saw different fares
Delta Air Lines says it may have charged some frequent fliers higher fares than other customers for almost three weeks because of a computer glitch.
Dollar continues to rally on fears about Greece
Worries that Greece will drop out of the euro currency union are pushing the dollar higher against most other currencies.
Shareholders sue JPMorgan over $2B trading loss
Shareholders of JPMorgan Chase & Co. have filed two lawsuits against the nation's biggest bank, accusing it and its leaders of taking excessive risk and causing a monumental $2 billion trading loss.
US housing starts rose in April
U.S. builders began work on more homes last month, evidence that the battered housing market is slowly healing.
Facebook boosts size of IPO
Facebook's owners now plan to sell 25 percent more shares in the company as investors clamor for shares in the year's hottest stock offering.
Deere fiscal 2Q profit rises
Deere is posting a 17 percent spike in profits for the second quarter is raising its outlook for the year, with farm receipts expected to hit historic heights.
Target's 1Q profits up 1.2 percent
Target Corp. is reporting a 1.2 percent increase in first-quarter profit as the discount chain pulled in more shoppers with its food and trendy fashions.
Report: Nokia loses cellphone top spot
Nokia has been bumped off its 14-year top spot as the world's largest cellphone company by Samsung, according to a British research firm.
Buffett's firm buys GM stake, boosts IBM position
Warren Buffett's company has revealed a number of changes in its U.S. stock portfolio, including boosting its holdings in Wal-Mart and IBM and adding a new stake of 10 million General Motors shares.
Penney reports loss and plummeting sales
J.C. Penney is reporting a bigger-than-expected loss and plummeting profits in the first quarter as many of its customers are rejecting a new bold pricing strategy.
Activist firm takes $600 million stake in PepsiCo
Activist investor Ralph Whitworth says his firm has taken a $600 million stake in PepsiCo Inc., a move that could ramp up pressure on the company to make changes.
Dimon says trading loss shouldn't affect dividend
JPMorgan Chase CEO Jamie Dimon says he does not expect the company's stock dividend to be jeopardized by the bank's $2 billion trading loss.
Geither: JPMorgan loss shows need for tough rules
Treasury Secretary Tim Geithner says the recent $2 billion trading loss by JPMorgan "helps make the case" for tougher rules on financial institutions as regulators continue to implement the 2010 law policing Wall Street.
Consumer prices flat as gas costs fall
U.S. consumer prices were flat last month as cheaper gas offset modest increases for food, clothing and housing.
US retail sales rose in April
U.S. consumers barely increased their spending on retail goods in April.
Facebook raises IPO price as offering nears
Facebook is raising the price at which it plans to sell stock to the public.
Coty withdrawing offer
Coty Inc. says it is withdrawing its $10.7 billion offer to buy Avon.
Groupon losses down
The online deals company is reporting a smaller net loss and sharply higher revenue for the first quarter, helped by increased demand from a growing customer base.
Best Buy Chairman steps down after CEO probe
Richard Schulze is stepping down as chairman after an investigation found that he knew that the CEO was having a relationship with a female employee and did not alert the audit committee.
Krispy Kreme signs deal to open stores in India
The company said Monday that 35 of its stores will open over the next five years under a new development deal with franchisee Bedrock Food Co.


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