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Business

Dotcom 'in tears' after Megaupload files deleted

Megaupload founder Kim Dotcom said Thursday he was "in tears" after a European company deleted all the data it was hosting from his shuttered file-sharing site. 39 minutes ago

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Archive by category ''Business

BUSINESS

Leading 3-D printer firms to merge in $403M deal

Stratasys, a leading maker of 3-D printers, is buying another 3-D printer manufacturer, MakerBot, for $403 million in stock.

3 hours ago
BUSINESS

Fed suggests it's closer to slowing bond purchases

In a move that could send interest rates higher, Fed Chairman Ben Bernanke ended weeks of speculation Wednesday by saying the Federal Reserve will likely slow its bond-buying program this year and end it next year because the economy is strengthening.
BUSINESS

Stocks slide as Fed says bond purchases could slow

Financial markets shuddered Wednesday after the Federal Reserve said it could start scaling back its huge economic stimulus program later this year and end it by the middle of next.
BUSINESS

Men's Wearhouse ousts founder, pitchman Zimmer

Men's Wearhouse doesn't like the way its founder looks anymore.
BUSINESS

How Fed policymakers affect the economy

The Federal Reserve's chief policymaking group, the Federal Open Market Committee, has vast power over the economy through its ability to set monetary policy.

2 hours ago
BUSINESS

Fed's moves to aid economy since financial crisis

The Federal Reserve has taken many unprecedented steps in the past four years to try to boost the U.S. economy and counter the effects of a financial crisis that triggered a painful recession. It has kept the short-term interest rate it controls at a record low near zero since December 2008.

2 hours ago
BUSINESS

Bluebird Bio shares rocket higher in trading debut

Shares of gene therapy developer Bluebird Bio Inc. surged in their trading debut.
BUSINESS

FedEx 4Q profit drops as priority services lag

FedEx Corp.'s fourth-quarter profit fell 45 percent as international customers traded down to less-expensive delivery options and the company spent heavily on restructuring.
BUSINESS

Car quality dinged by tech glitches, survey finds

Car buyers increasingly want high-tech features like voice recognition and navigation. But they're not very forgiving of the car company when those systems fail.
BUSINESS

Microsoft changes Xbox One policies after outcry

Microsoft rolled back a much-criticized requirement that its upcoming Xbox One gaming console be regularly connected to the Internet and made clear that there will be no limitations on sharing games.