Wednesday, December 24, 2014

Business

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The manager of the nation's largest electric grid wants to keep some power plants running beyond their scheduled end dates to ensure reliability next winter.
A group of 45 Philadelphia taxi companies filed suit in federal court Tuesday alleging that Uber, the app-based taxi enterprise, is waging unfair competition against medallion owners who must operate under state laws and regulations.
MF Global Holdings Ltd. must pay $1.21 billion to reimburse customers for losses sustained when the brokerage firm failed in 2011.
Stocks are closing mostly higher a day after the Dow Jones industrial average closed above 18,000 for the first time.
CHICAGO (AP) - Unions across the U.S. are reaching out to immigrants affected by President Barack Obama's recent executive action, hoping to expand their dwindling ranks by recruiting millions of workers who entered the U.S. illegally.
NEW YORK (AP) - Go big and stay home. Anyone who followed that strategy with their mutual funds in 2014 is likely sitting on another year of healthy returns.
The Street: Stocks were enjoying slight gains in a holiday-shortened Christmas Eve session Wednesday after bouncing to record highs a day earlier.
The Street: Christmas isn’t a holiday for the paranoid, with Santa spying on you when you’re sleeping, awake, and worse, knowing when “you’ve been bad or good.” But retailers are hawking convenient last-minute stocking stuffers to shield information kept on radio transmitting microchips implanted into many credit cards, passports, licenses and worker IDs.
The Street: Gift cards are the go-to present for Christmas consumers across the land. Stored Value Solutions, a Louisville, Ky., gift card provider, says 70% of shoppers say they will buy a gift card this holiday season and 92% say they will spend as much or more than they did on gift cards this year than they did last year.
The Street: A Los Angeles medical marijuana dispensary received hundreds of complaints after it painted the exterior doors and windows with pictures of a pot smoking Santa, a snowman holding a prescription bottle and a cartoon joint wearing a red Christmas hat.
SOMERSET, Pa. (AP) - The Pennsylvania Turnpike Commission is taking a new look at a long-dormant plan to replace mile-long tunnels near Somerset.
LOS ANGELES (AP) - Amid a swell of controversy, backlash, confusion and threats, Sony Pictures broadly released "The Interview" online Wednesday - an unprecedented counterstroke against the hackers who spoiled the Christmas opening of the comedy depicting the assassination of North Korean leader Kim Jong Un.
Stocks closed mostly higher Wednesday, a day after the Dow Jones industrial average closed above 18,000 for the first time. Investors were encouraged by the latest positive news on the U.S. economy. Trading ended early ahead of the Christmas holiday.
NEW YORK (AP) - Stocks that moved substantially or traded heavily Wednesday on the New York Stock Exchange and the Nasdaq Stock Market:
NEW YORK (AP) - Go big and stay home. Anyone who followed that strategy with their mutual funds in 2014 is likely sitting on another year of healthy returns.
LOS ANGELES (AP) - Everyone has a theory about who really hacked Sony Pictures Entertainment Inc.
NEW YORK (AP) - If you're looking for signs that the U.S. economy is growing and that the job market is improving, just talk to small business owners.
As anyone who's received a drugstore cologne gift set well knows, even Santa Claus gets it wrong sometimes.
WASHINGTON (AP) - Average U.S. mortgage rates rose slightly this week but the benchmark 30-year low remained very close to the 19-month low hit last week.
In its toughest crackdown yet on medical errors, the federal government is cutting payments to 721 hospitals for having high rates of infections and other patient injuries, records released this month show.

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