U.S. stocks wavered on Friday as government data revealed that wages and consumer spending growth remain feeble. But the market has regained its late-summer losses and is closing out its best month in four years. TIGHT PURSE STRINGS: The Commerce Department said consumer spending inched up just 0.1 percent in… Read More
Sony returns to profitability
It’s been a long road, but Sony Corp. returned to profit last quarter in a sign its marathon restructuring effort is beginning to produce results. The Tokyo-based electronics and entertainment conglomerate on Thursday reported a 33.6 billion yen ($278 million) profit for the fiscal second quarter, compared with a loss… Read More
Dog costumes turning into big business
As dogs and dog owners have filled their social calendars, they’ve had to fill their closets too. They’re not just dressing up once a year on Halloween. These days, dogs and their owners are getting invited to parties, parades, meet-ups, pumpkin patches, picnics, Christmas tree farms and many other themed… Read More
Self-driving cars just 5 years away?!
Visions of cars that drive themselves without emitting a bit of pollution while entertaining passengers with online movies and social media are what’s taking center stage at the Tokyo Motor Show. Reporters got a preview look at the exhibition Wednesday, ahead of its opening to the public Oct. 30. Nissan… Read More
Comcast may charge you for using too much internet
This year marked a turning point for Comcast, the cable giant: It now has more Internet than TV customers. And it’s trying out how to charge you for the amount of data you use, much the way Verizon and AT&T do for wireless customers. Why risk doing something that upsets… Read More
Telecom receives hacking ransom note
Phone and Internet service provider Talk Talk said Friday that it has received a ransom demand after a “significant and sustained” cyberattack that may have compromised customers’ credit card and banking details. Chief Executive Dido Harding said the company did not know how much data was stolen in the attack… Read More
Something stinks… The Great Pennsylvania Cheese Conspiracy
Something stinks – and it’s not the cheese! A Pennsylvania manufacturer is accused of selling imitation Parmesan and Romano cheese that actually contained other cheeses, including cheddar and Swiss. The Pittsburgh Tribune-Review reports Universal Cheese & Drying Inc. and International Packing LLC were charged Tuesday with conspiracy. Prosecutors say the… Read More
Ferrari for less than $60? (This will be the closest I get!)
Ferraris are considered a piece of art. But they were also big business Wednesday when they roared onto the New York Stock Exchange. The company’s shares, trading under the ticker symbol RACE, jumped sharply in their public debut. The automaker, based in the northern Italian town of Maranello, had been… Read More
Bad news: US economy will be dragged down by foreign countries
Consumer spending, fueled by job growth, cheaper gas and higher home values, would drive the U.S. economy through a global slump. That was the widespread hope just a few months ago. Now, doubts are growing that the United States can withstand economic pressures flowing from overseas. Economies in China, Canada,… Read More
Oprah takes over huge chunk of Weight Watchers
Oprah Winfrey is taking a 10 percent stake in Weight Watchers for about $43.2 million and is joining the weight management company’s board. Weight Watchers International Inc. said in a filing with the Securities and Exchange Commission on Monday that as part of the agreement, Winfrey has given the company… Read More
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