Government Sells Remaining Stake In GM - Loses $10.5 Billion
The U.S. government ended up losing $10.5 billion on the General Motors bailout, but it says the alternative would have been far worse.
The Treasury Department sold its final shares of the Detroit auto giant on Monday, recovering $39 billion of the $49.5 billion it spent to save the dying automaker at the height of the financial crisis ...
New American Airlines Emerges As Deal Closes
American Airlines has emerged from bankruptcy protection and US Airways culminated its long pursuit of a merger partner after the two completed their deal Monday to create the world's biggest airline.
The merger survived a challenge from the government and criticism from consumer groups, who fear it will lead to higher prices. It's the ...
Apple Guides Shoppers Inside Stores With iBeacon
GPS will tell you how to get to the nearest Apple store. With iBeacon, Apple hopes to guide you around once you're inside, whether it's to pick up an order, upgrade to a new iPhone or shop for a pair of headphones.
On Friday, Apple Inc. will begin using the technology at its 254 U.S. stores to send you messages about products, events and ...
FTC Says Flashlight App Left Consumers in the Dark
The maker of a popular Android mobile app that turns your phone into a flashlight has agreed to settle charges of deceiving customers with the Federal Trade Commission.
According to the FTC, the "Brightest Flashlight Free" app would take note of a phone's location and the code that uniquely identifies every device on the market. The ...
AT&T Reduces Fees For People Who Bring Own Devices
AT&T is joining T-Mobile in reducing monthly fees for people who pay for their own devices.
It’s the latest break from a longstanding practice of offering subsidies on devices to lock customers into two-year service agreements. Many customers have been forgoing those subsidies anyway as they opt for plans that allow frequent phone upgrades. ...
Amazon's Delivery Drones: An Idea That May Not Fly
Jeff Bezos' idea to let self-guided drones deliver packages may be too futuristic for Washington to handle.
The Amazon CEO is working on a way to use the small aircraft to get parcels to customers in 30 minutes or less. While flight technology makes it feasible, U.S. law and society's attitude toward drones haven't caught up with ...
Americans Click for Deals on Cyber Monday
It's the day of the online deal.
Millions of shoppers are expected to click on items on Monday as retailers rev up deals to grab online holiday shopping dollars on the first working day after the busy holiday weekend.
But this year so-called Cyber Monday seems to have stretched into Cyber Week or even Cyber Month, with retailers from ...
Americans Kick Off 2-Day Holiday Shopping Marathon
The holiday shopping season started as a marathon, not a sprint.
More than a dozen major retailers from Target to Toys R Us opened for 24 hours or more on Thanksgiving Day through Black Friday, the traditional start to the holiday shopping period. As a result, crowds formed early and often throughout the two days.
About 15,000 people ...
Dow Gains for Fifth Straight Day
FIVE STRAIGHT: The Dow Jones industrial average rose for a fifth straight day, its longest winning streak since March, after some encouraging reports on the jobs market and consumer confidence. The index has closed at an all-time high 44 times this year.
TECH BELLWETHER: Technology stocks got a boost from Hewlett-Packard. The PC maker ...
US Average on 30-Year Mortgage Rises to 4.29 Percent
Average U.S. mortgage rates rose modestly this week, a move that makes home-buying a bit less affordable. Still, rates remain near historically low levels.
Mortgage buyer Freddie Mac said Wednesday that the average rate on the 30-year loan increased to 4.29 percent from 4.22 percent last week. The average on the 15-year fixed ticked up to 3.3 ...
Ford To Recall Escapes Again For Oil, Fuel Leaks
Ford is recalling the Escape small SUV again, this time to fix oil and fuel leaks that could cause engine fires.
The hot-selling SUV has been recalled seven times since it was redesigned and went on sale in the spring of 2012.
The first of two recalls announced Tuesday affects more than 161,000 Escapes worldwide from the 2013 model year ...
Americans Not Willing to Spend Without Deals
This holiday season, Americans may not spend their green unless they see more red.
Despite signs that the economy is improving, big store chains like Wal-Mart and Kohl's don't expect Americans to have much holiday shopping cheer unless they see bold, red signs that offer huge discounts. As a result, shoppers are seeing big sales events earlier and ...
US Gas Prices Up Average Of 3 Cents A Gallon
After nine weeks of falling gas prices, the average U.S. price of a gallon of gasoline is up 3 cents over the past two weeks.
The Lundberg Survey of fuel prices released Sunday says the price of a gallon of regular is $3.25. Midgrade costs an average of $3.44 a gallon, and premium is $3.59.
Industry analyst Trilby Lundberg said it's the first ...
If Gov't Backs In-Flight Calls, Will The Airlines?
The Federal Communications Commission might be ready to permit cellphone calls in flight. But what about the airlines?
Old concerns about electronics being a danger to airplane navigation have been debunked. And airlines could make some extra cash charging passengers to call a loved one from 35,000 feet. But that extra money might not ...
Dow Jones Industrial Average Closes Above 16,000
The Dow Jones industrial average closed above 16,000 for the first time Thursday as encouraging news on the job market pushed stocks higher.
The Dow has been on fire lately, propelled higher by a combination of solid corporate earnings, a steadily strengthening economy and easy-money policies from the Federal Reserve.
Since the start ...
Southwest Airlines First To Offer Gate-To-Gate Wi-Fi
Southwest Airline is now the first U.S. airline to offer gate-to-gate Wi-Fi service.
This means that passengers can answer emails from the moment they sit in their seat until they arrive at their destination, as long as their devices are on “airplane mode."
Southwest's new Wi-Fi service relies on the satellite-based Row 44 that works ...
Average US Rate on 30-Year Mortgage at 4.22 Percent
Average U.S. rates on fixed mortgages declined this week after two weeks of increases, keeping home-buying affordable.
Mortgage buyer Freddie Mac says the average rate on the 30-year loan fell to 4.22 percent from to 4.35 percent last week. The average on the 15-year fixed mortgage dipped to 3.27 percent from 3.35 percent.
Rates had ...