Business

Wall Street Closes Down; Amazon Sees Unexpected Profit

JaysonPhotography/iStock/Thinkstock(NEW YORK) — It was a rough week for the markets as stocks closed in the red Friday after reports of disappointing quarterly results. The Dow Jones Industrial Average closed at 17,568.53 down 163.39 from the start of trading. The Read More

Fiat Chrysler USA Recalling 1.4 Million Vehicles

Tramino/iStock Editorial/Thinkstock(AUBURN HILLS, Mich.) — Fiat Chrysler Automobiles USA is issuing a safety recall on more than one million U.S. vehicles due to concerns that they could be hacked through their radio systems. “The recall aligns with an ongoing Read More

Lottery Officials Race to Find $7 Million Winner

Hemera/Thinkstock(NEW YORK) — New York Lottery officials are desperately seeking the winner of a $7 million jackpot from a year ago who will forfeit the winnings if it isn’t claimed by midnight. Lottery officials have even distributed fliers in the Brooklyn Read More

New Home Sales Decline in June

iStock/Thinkstock(WASHINGTON) — Fewer Americans bought new homes in June. Last month, new home purchases fell 6.8 percent to a seasonally adjusted annual rate of 482,000, according to the latest data from the Commerce Department. After several months of hot sales, Read More

Anthem Acquiring Cigna in $54.2 Billion Deal

Aaron P. Bernstein/Getty Images(NEW YORK) — Health care company Anthem announced Friday it is acquiring Cigna Corporation in a transaction worth $54.2 billion. Anthem will acquire all outstanding shares of Cigna at approximately $188 per share based on Read More

How Amazon Became Bigger Than Walmart

Amazon’s first homepage. Amazon.com(NEW YORK) — Amazon set up shop as an online book seller when the idea of buying anything from the Internet was a radically new idea for many Americans — and two decades later, the company Friday became more valuable Read More