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Comcast buys DreamWorks in multibillion dollar deal

Comcast is buying DreamWorks Animation, the film company behind the Shrek, Madagascar and Kung Fu Panda franchises, for approximately $3.55 billion, strengthening its presence in the important and growing business of children’s entertainment. DreamWorks stockholders will receive $41 for each share they own. That’s a 24 percent premium to the… Read More

April 29, 2016

Not so slick — Exxon losing important AAA rating

Low oil prices have helped cost Exxon its pristine “AAA” credit rating from Standard & Poor’s, a label it held for over six decades. The top “AAA” credit rating from S&P means a company’s debt is the safest possible investment. Now only two other U.S. corporations are rated triple-A by… Read More

April 27, 2016

The “Magna Carta” of baseball sells for MILLIONS

Documents that baseball historians have called the Magna Carta of the game have sold at auction for nearly $3.3 million. SCP auctions says the 1857 papers called the “Laws of Baseball” sold early Sunday to an anonymous buyer after more than two weeks of bidding. The auction house had predicted… Read More

April 25, 2016

Volkswagen reaches settlement in emissions scam

An agreement will give owners of hundreds of thousands of Volkswagen vehicles rigged to cheat on emissions tests the option of having the automaker buy back the cars or fix them, a judge said Thursday. Senior U.S. District Judge Charles Breyer did not give details on how much car owners… Read More

April 22, 2016

Vote Now! Who should replace Jackson on the $20?

A Treasury official says Secretary Jacob Lew has decided to put Harriet Tubman on the $20 bill, making her the first woman on U.S. paper currency in 100 years. The official, who spoke on condition of anonymity in advance of Lew’s official announcement, says that the 19th century abolitionist and… Read More

April 20, 2016

Faster checkout tech coming

Visa is upgrading its software to process chip-embedded credit and debit cards to function faster — addressing a source of grumbling from businesses and customers who are often forced to wait for transactions to go through. The company said Tuesday that its program — Quick Chip for EMV — will… Read More

April 20, 2016

Woman to go on $10 or $20 bill

Should Andrew Jackson, America’s seventh president, be worried? Is it true that his days on the $20 bill may be numbered? At the moment, Treasury Secretary Jacob Lew is keeping details of his decision close to the vest while promising an announcement soon. Treasury officials declined to comment Monday on… Read More

April 19, 2016

Tax Day! Here are the numbers…

Millions of taxpayers face a midnight deadline Monday to file their tax returns, while millions of others will ask for more time —a six-month extension. There was a three-day delay beyond the traditional April 15 deadline because Friday was a legal holiday in the District of Columbia. Some things to… Read More

April 18, 2016

Clinton unveils TRILLION dollar spending hike

While Americans are rushing to file their taxes before this year’s looming deadline, Hillary Clinton thinks the government isn’t taking enough of their hard-earned money – not by a long shot. This week she unveiled a job-killing economic plan that would raise taxes by $1 trillion dollars over 10 years…. Read More

April 15, 2016

Largest US coal miner goes bankrupt

Peabody Energy, the nation’s largest coal miner, filed for bankruptcy protection Wednesday as a crosscurrent of environmental, technological and economic changes wreak havoc across the industry. Mines and offices at Peabody, a company founded in 1833 by 24-year-old Francis S. Peabody, will continue to operate as it moves through the… Read More

April 14, 2016
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