Business

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US Stocks Fall as Caterpillar Announces Job Cuts

iStock/Thinkstock(NEW YORK) — Stocks fell Thursday as investors grow concerned over the Fed’s decision to keep interest rates unchanged due to a slowing global economy. The Dow Jones Industrial Average dropped 78.57 to close at 16201.32. The Nasdaq lost 18.27 Read More

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Woman Buys Coffee for Two Women Who Insulted Her

iStock/Thinkstock(FORT GRATIOT, Mich.) — A Michigan woman says she bought coffees for two women who insulted her while waiting in line at Tim Hortons in Fort Gratiot, Michigan. Dianne Hoffmeyer told ABC News affiliate WXYZ-TV that she was at the coffee shop this Read More

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Caterpillar to Cut As Many As 10,000 Jobs by 2018

Photo by Justin Sullivan/Getty Images(NEW YORK) — Caterpillar Inc. plans to reduce its staffing by 4,000 to 5,000 by the end of 2016, the company said in a press release. The employee reduction is part of an effort to restructure the company and reduce costs. Weak Read More

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Jobless Claims Edged Higher, Labor Department Says

Nigel Carse/ Getty Images(WASHINGTON) — Jobless claims were higher last week, increasing by 3,000 from the previous week’s level, according to the latest figures released Thursday by the Labor Department. For the week ending Sept. 19, the number of people Read More