Wednesday, January 28, 2015

Business

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The Street: Jim Cramer's charitable trust, Action Alerts PLUS, recently traded American Express, SunTrust Bank and Unilever. We asked an independent analyst to evaluate the stocks.
The Street: Blame it on bipartisanship. Throw in some political expedience and voilà - college savers got their 529 savings accounts back. They never really lost them - it was tax-free withdrawals that the Obama administration took away
The Street: Are American workers "distracted" from productivity through excessive use of the Internet? The website blocking firm StopProcrastinating.com surveyed 5,000 workers to show there's a problem.
CANONSBURG, Pa. (AP) - A western Pennsylvania candy maker is having some fun at the expense of Tom 'Bradie' and the New England Patriots.
The Street: Medtronic's $49.9 billion acquisition of Dublin-based Covidien -- the largest tax inversion deal ever -- will leave shareholders with a big tax bill, while allowing the Minnesota-based company to pay little or no U.S. taxes.
The Street: One of the country's worst hangovers from the ongoing War on Drugs got a little bit better when earlier this month the Justice Department announced that it will suspend the federal practice of civil asset forfeiture.
The Street: Recently, online real estate broker Zillow.com put together a survey of how property values relate to the street names they’re on. The team discovered that there’s a lot of power in a name.
SAN FRANCISCO (AP) - Wells Fargo Bank officials vowed to reopen a popular corporate museum in the heart of San Francisco's financial district after thieves smashed a stolen SUV through its front door and made off with historic gold nuggets on display.
DENVER (AP) - Colorado's marijuana experiment was designed to raise tax revenue for the state and its schools, but a state law may give some of the money directly to residents.
WASHINGTON (AP) - Three powerful accidents in recent years highlight weaknesses in the oversight of how natural gas providers maintain the largest pipelines in their networks, accident investigators said Tuesday as they issued more than two dozen safety recommendations.
DOVER, Del. (AP) - A Delaware judge is set to rule on whether the Chapter 11 case of casino giant Caesars Entertainment Corp. should proceed in Delaware or in Illinois.
MILAN (AP) - Carmaker Fiat Chrysler reported a two-thirds drop in 2014 earnings due mainly to costs of acquiring the final stake of U.S. carmaker Chrysler.
CHICAGO (AP) - Demand for commercial jets airliners boosted Boeing Co.'s fourth-quarter profit by 19 percent, topping Wall Street expectations by a wide margin and offsetting weakness in the defense business.
NEW YORK (AP) - Shake Shack increased the projected price range for its initial public offering of stock in the burger chain.
INDIANAPOLIS (AP) - Anthem has hiked its quarterly cash payout to shareholders by nearly 43 percent to keep up with its rising stock price after edging past Wall Street forecasts for the recently completed fourth quarter.
HICKORY, N.C. (AP) - CommScope is buying TE Connectivity's telecom, enterprise and wireless businesses for about $3 billion, which will help diversify its operations and broaden its geographic reach.
STOCKHOLM (AP) - Home appliance maker Electrolux swung to a profit in the fourth quarter, citing cost cuts and rising sales.
STOCKHOLM (AP) - Swedish fashion retailer Hennes & Mauritz says its earnings rose by 12 percent in the fourth quarter, boosted by expansion in the United States and China.
BERLIN (AP) - German consumer confidence is at a 13-year high, buoyed by a rise in disposable income due to collapsing fuel and heating oil costs.
Philadelphia merchants, in the spirit of "if life gives you lemons, make lemonade," tried to turn snow into snow cones Monday and Tuesday, making up for revenue lost in the storm-that-wasn't.

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