On Thursday, about $1 billion worth of sales had been generated in online sales, up 22% from the previous Thanksgiving, reports USA TODAY.» Read More
CALABASAS HILLS, Calif.-- The Cheesecake Factory reported a 32 percent rise in quarterly earnings Wednesday as more customers showed up to eat at its restaurants. Net income for the third quarter was $27.2 million, or 49 cents per share. Comparable sales at Cheesecake Factory restaurants rose 2.9 percent from a year earlier.
CHICAGO-- Taxes that are largely a concern of the very rich will soon affect far more people unless Congress steps in. Financial advisers, and trust and estate attorneys have been flooded with requests for assistance in the final months before the record-high exemption for both taxes is scheduled to plunge to $1 million from $5.12 million on Jan 1.
MOBERLY, Mo.-- An auction of assets left over from Moberly's failed artificial sweetener factory drew curious onlookers and piecemeal bidders Wednesday but no large company swooping in to replace a project once cast as the small city's economic salvation.
LOS ANGELES-- An audit of the U.S. Department of Education's division overseeing hundreds of millions of dollars in charter school funding has criticized the office for failing to properly monitor how states spend the money.
SAN DIEGO-- Medical device maker NuVasive Inc. said Wednesday that it turned a profit in the third quarter, and its shares bounced back as its earnings topped estimates. NuVasive said its revenue grew 12 percent to $148.4 million. NuVasive reported net income of $2.4 million, or 5 cents per share.
BERKELEY, Calif.-- Shares of Xoma Corp. slid Wednesday after the biotechnology company said that it will sell 13.3 million shares of its common stock at $3 per share, a 7 percent discount to its closing price of $3.22 on Tuesday. Xoma anticipates proceeds of roughly $36.9 million from the offering.
Losses in the euro were limited after Greece's finance minister said Athens had been given additional time by international lenders to impose its austerity cuts, an assertion played down by leading EU officials.
MONTCLAIR, N.J.-- Across New Jersey, most communities approached about hosting one of the state's first legal medical marijuana dispensaries in out-of-the-way industrial zones have just said no, after outpourings of public opposition.
*Citi, Yahoo, AIG examples show more aggressive boards. NEW YORK, Oct 24- In the summer of 2011, Yahoo Inc's board decided enough was enough. So, the board held a final meeting in Los Angeles, away from Yahoo's Silicon Valley headquarters, to review the company's progress, a source familiar with the matter said.
The suit, filed Wednesday by the top federal prosecutor in Manhattan, also underscored how Bank of America's purchase of Countrywide in July 2008, just before the financial crisis, backfired severely. He also charged that Bank of America has resisted buying back soured mortgages from Fannie Mae and Freddie Mac, which bought loans from Countrywide.
NEW YORK-- Shares of Gilead Sciences Inc. rose Wednesday after the HIV drug maker reported strong third-quarter results and projected greater sales in 2012.. Stribild, which combines four medications into a single pill, was approved by the Food and Drug Administration in August.
Oct 24- Barnes& Noble Inc said on Wednesday that customers who shopped at 63 of its stores as recently as last month may have had their credit or debit card information stolen in what the U.S. bookstore chain called a ``sophisticated criminal effort.''.
NEW YORK-- Altera tumbled in afternoon trading Wednesday after the chipmaker gave a disappointing fourth-quarter revenue forecast. Altera's net income sank 3 percent in the quarter ended Sept. 28, to $161.2 million, or 49 cents per share.
OMAHA, Neb.-- The Rural Media Group has purchased another cable network to expand its programming into more markets. Rural Media produces RFD-TV and Rural TV with rural-themed programming. The deal gives the company access to several major markets, including New York, Chicago, Atlanta, Dallas and Los Angeles.
NEW YORK-- Shares of Total System Services Inc. fell nearly 4 percent Wednesday as analysts said third-quarter results for the electronic payments processor appeared to be in line with expectations but noted some potential negative factors.
HARTFORD, Conn.-- Federal regulators say a pilot study of cancer risks posed to residents near seven nuclear power sites in the United States will update 22- year-old data, but an industry group says the study won't come up with anything new.
ATLANTA-- An expert panel is urging every expecting mother to get a shot preventing whooping cough, preferably in the last three months of her pregnancy to help protect her baby. The advice follows a frightening resurgence of the dreaded childhood disease.
NEW YORK-- Shares of Avery Dennison Corp. jumped Wednesday after the office products maker reported better-than-expected results for the third quarter and raised its annual net income guidance. The company narrowed its 2012 adjusted net income forecast to a range of $2 to $2.05 per share from $1.90 to $2.05 per share.
SINGAPORE, Oct 24- Singapore Airlines will order five Airbus A380 aircraft and 20 more A350 planes in a deal valued at $7.5 billion, looking beyond a business slowdown that has led the carrier to stop hiring cadet pilots for now.
CNBC.com presents a list of the 10 states with the most ultra-high net worth individuals on a per capita basis.