Zuckerberg climbs Forbes billionaires list

Facebook is making people a lot of money. Facebook CEO Mark Zuckerberg climbed one spot to sixth on Forbes magazine’s 2016 list of the world’s richest people, with a net

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VW sales fall as diesel scandal drags on

The Volkswagen brand saw a drop of 13.2% in sales last month as it continues to reel from the inability to sell its diesel car models due to the scandal

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Carl Icahn posts worst loss since 2008

Carl Icahn, who briefly flirted with a role as Donald Trump’s Treasury Secretary, just posted his worst investment losses since the dark days of the financial crisis. The 80-year-old investor’s

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Kate Spade earnings fall short of forecasts

Kate Spade & Co. (KATE) on Tuesday reported fourth-quarter net income of $61.5 million. The New York-based company said it had net income of 48 cents per share. Earnings, adjusted

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Tribune Media may sell businesses after posting $381M in Q4 loss

Tribune Media, which owns and operates 42 TV stations, said Monday it’s exploring “strategic and financial” options, including possibly selling businesses and assets, as losses mount and advertising sales tumble.

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Costco cardholders will transfer from Amex to Citi in June

Costco cardholders will no longer be able to pay with American Express come June. That’s when a deal for American Express to sell its Costco-branded portfolio to Citibank is expected

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Hopes of business-friendly reforms in India fade

Even as India shines as a rare bright spot in a sluggish global economy, the country’s business-savvy prime minister is watching his popularity wane. Narendra Modi swept into power in

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Valeant shares falls as CEO returns; financials delayed

Shares of Valeant Pharmaceuticals International (VRX) plunged anew on Monday, hours after the embattled drugmaker announced its chief executive is returning from illness but withdrew its financial guidance and postponed

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Stocks gain as oil prices rise above $33 a barrel

U.S. stocks snapped out of a morning malaise and posted moderate gains Monday as oil prices rose and global stocks fell after a meeting of G20 finance officials ended without

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Disney park prices jump 20% on these days

Walt Disney’s (DIS) theme parks in California and Florida are so popular – prepare to pay more if you go when everyone else wants to. The giant entertainment company Sunday

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United Natural Foods to acquire Haddon House for $217.5 million

Natural and organic food product distributor United Natural Foods said Monday that it will acquire Haddon House Food Products in a $217.5 million deal. The acquisition positions United Natural Foods

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Durable goods orders rebound in Jan.; weekly jobless claims bump up

Orders to U.S. companies for long-lasting manufactured goods advanced in January at the strongest pace in 10 months. Moreover, a key category that tracks business investment surged by the largest

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Chinese stocks plunge more than 6%

China’s Shanghai composite index plunged more than 6% Thursday — its biggest one-day drop in a month — amid ongoing fears about the health of the world’s second largest economy.

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Earnings push Salesforce shares higher

Shares of Salesforce.com are climbing in early trading, while new details surfaced on Apple’s next, smaller screen iPhone. Salesforce.com. The cloud computing company raised revenue guidance for the fiscal year

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Google is killing yet another rival

If there was a survival guide for technology companies in 2016 – one rule would be to never get in the way of Google’s parent company Alphabet (GOOGL). Just ask

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Sears Q4 loss deeper after competitive holiday season

Sears (SHLD) reported a fourth quarter loss Thursday well below expectations after struggling through a competitive holiday season. Sears warned earlier this month that it didn’t expect to fare well

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All eyes on economy as Fed rate decision looms

An oil production cut is off the table — at least for now. So there goes one potential catalyst for higher stock prices right out the window. That raises the

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Stocks rise despite drop in oil; China slides 6%

U.S. stocks shrugged off a sell-off in Shanghai and were slightly higher Thursday as Wall Street looks to build on yesterday’s big rebound rally that wiped out big losses and

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New-home sales tumble in January on big decline in West

Americans stepped back from buying new homes in January, as purchases plunged sharply in western states where prices are typically higher. The Commerce Department said Wednesday that new-home sales fell

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Valeant Pharmaceuticals share plunge

Shares of embattled drugmaker Valeant Pharmaceuticals International  International (VRX) nosedived Monday amid a report late Monday that the Canada-based company would restate some of its financial previous earnings. The stock

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