WASHINGTON— President Barack Obama is asking Americans this Labor Day to think about the rights and benefits that people often take for granted. Obama says workers and unions fought for things like Social Security, Medicare, workplace safety laws and the right to organize.» Read More
NEW YORK-- Tough competition in the U.S. and the weakening economy abroad was a double whammy for McDonald's in the third-quarter, sending the burger chain's net income down nearly 4 percent.
DENVER-- Three men were arrested for investigation of murder after a Denver bar was set on fire to cover up five killings committed during a robbery, authorities said Thursday. Ronald Saunier said of the early Wednesday deaths and blaze at Fero's Bar& Grill. "
KENNEBUNK, Maine-- The lawyer for a high school hockey coach who gave up his job because of the Zumba prostitution case said Thursday that his client's name never should have been made public and contended law enforcement agencies have engaged in "reckless and outrageous behavior."
CASSELBERRY, Fla.-- A gunman opened fire at a central Florida beauty salon Thursday, killing three women and wounding the manager, who had asked for a restraining order against him, police said.
NEW YORK-- The fungus found in tainted steroid shots matches the one behind the national meningitis outbreak that has killed 20 people, federal health officials said Thursday.
Its shares, which dipped below $40 in late 2008 as the financial crisis intensified, peaked this April at $442.40 as the burrito chain posted double-digit increases in revenue year after year. But Chipotle Mexican Grill Inc. on Thursday forecast that revenue growth in stores open at least a year would be flat to a low-single-digit percentage gain next year.
The Watertown, Mass., company said Thursday after markets closed that its net income for the three months that ended Sept. 30 climbed to $6.2 million, or 17 cents per share, from $5.3 million, or 15 cents per share, in last year's quarter.
Google surprised investors twice Thursday, releasing earnings hours before they were expected, and putting up awful revenue numbers. After the worst sell-off in shares since September 2008, Google shares were flat in premarket trading Friday. The National Association of Realtors posts existing home sales figures at 10 a.m. Eastern.
CHICAGO-- In a modest milestone for President Barack Obama's high-speed rail vision, test runs will start zooming along a small section of the Amtrak line between Chicago and St. Louis at 110 mph Friday. Transportation Secretary Ray LaHood and Illinois Gov.
MILAN-- The Associated Press has withdrawn its story about Italy's Silvio Berlusconi in a Milan court today. Background in the story erroneously stated that former Egyptian President Hosni Mubarak was dead. Another Italy-Berlusconi story will be filed.
MILAN-- Silvio Berlusconi made a rare court appearance Friday to deny some of the more salacious accusations at the center of a sex scandal in Italy that has muddied his reputation. Berlusconi's declaration was spontaneous, a practice that Italy allows defendants and which does not have the weight of testimony.
NEW YORK-- GE's net income rose 49 percent in the third quarter to $3.49 billion as its recovery from the 2008 financial crisis continues. When adjusted to remove the effect of restructuring costs and a gain from the sale of NBC, the company posted earnings of 36 cents per share, which is what financial analysts expected, on average, according to FactSet.
HOUSTON-- Weak activity in North America and the falling number of operating rigs in the worldwide drove third-quarter net income down by 61 percent at Baker Hughes. "Activity was less than planned in several key geomarkets for Baker Hughes, resulting in an unfavorable mix," said CEO Martin Craighead. "
WASHINGTON-- Sales of previously occupied U.S. homes likely slipped last month from a two-year high reached in August, the latest sign that the recovery in housing is slow and uneven. The National Association of Realtors will release the report at 10 a.m. Eastern time Friday.
LONDON-- Britain's financial regulator has imposed a fine of 4.2 million pounds on a unit of Lloyds Banking Group for having inaccurate mortgage records for 250,000 customers.
Microsoft also disappointed with its latest update, contributing to a broad retreat in technology stocks, as did McDonald's and General Electric. By the time markets closed in Europe, Germany's DAX was down 0.8 percent at 7,380 while the CAC-40 in France fell 0.9 percent to 3,504. The FTSE 100 index of leading British shares was 0.3 percent lower at 5,896..
MUMBAI, India-- Starbucks inaugurated its first store in India Friday in a historic building in southern Mumbai as the Seattle- based coffee giant seeks growth in a market long associated with tea drinkers. After over six years of studying the local market, Starbucks is making a rapid-fire entry into Asia's third-largest economy.