Archives
  • iStock/Thinkstock(NEW YORK) -- Wall Street closed higher after the holiday weekend as the major indexes notched new records.The Dow jumped 118.95 (+0.58 percent) to finish at 20,743.00.The Nasdaq gained 27.37 (+0.47 percent) to close at 5,865.95, while the S&P 500 finished at 2,365.38, up 14.22 (+0.60 percent) from its open.Crude oil prices were 1 percent higher; about $54 a barrel.Winners and Losers:  Shares in Wal-Mart Stores, Inc soared 3 percent after its fourth-quarter earnings beat analysts' expectations.The weekend announcement that Kraft-Heinz Co. pulled its $143 billion merger offer for Unilever caused shares in both food companies to sink about 2 percent and 8 percent respectively.
    Read more...
  • Justin Sullivan/Getty Images(NEW YORK) -- Wells Fargo fired four senior managers Tuesday in connection with an ongoing probe into the banking company's sales practices.
    Read more...
  • Stockbyte/Thinkstock(NEW YORK) -- There was a security breach at JFK Airport in New York Monday morning after 11 passengers were able to pass through a metal detector that was not supervised by a Transportation Security Administration officer, sources briefed on the incident tell ABC News.Three of those passengers set off the detector's alarm and continued to their gate. Their carry-on bags were placed on a conveyor belt and screened by a TSA officer.According to a statement from the Port Authority of New York and New Jersey, the incident occurred sometime between 5 a.m. and 6 a.m. at JFK's Terminal 5 at a TSA PreCheck checkpoint. It took TSA two hours to notify the Port Authority of the security breach.Sources briefed on the incident told ABC News that security camera footage clearly captured images of the three passengers who set off the magnetometer and later boarded a JetBlue flight to San Francisco. Those individuals were given extra screening upon arrival at SFO, according TSA and Port Authority.JetBlue declined comment and referred ABC News to TSA.In a statement, the TSA said there was a "possible security incident" and that "early reports indicate 3 passengers did not receive required secondary screening after alarming the walk through metal detector.""TSA conducted security measures at the passengers' arrival airport. TSA works with a network of security layers both seen and unseen. We are confident this incident presents minimal risk to the aviation transportation system," the statement added. "Once our review is complete, TSA will take appropriate action.”
    Read more...
  • Alexander Historical Auctions(CHESAPEAKE CITY, Md.) -- A telephone used by Adolf Hitler during World War II has sold at auction in the U.S. this weekend.
    Read more...
  • iStock/Thinkstock(NEW YORK) -- The major indexes hit new records Friday as U.S. stocks closed higher for the week.The Dow gained 4.28 (+0.02 percent) to finish at 20,624.05.The Nasdaq jumped 23.68 (+0.41 percent) to close at 5,838.58, while the S&P 500 finished at 2,351.16, up 3.94 (+0.17 percent) from its open.Crude oil prices were flat at about $53 a barrel.Boeing: Shares in aircraft manufacturer Boeing climbed 1 percent after President Trump talked about jobs at the company's plant in South Carolina."We're here today to celebrate American engineering and American manufacturing," the president said in front of the new 787 Dreamliner. "We're also here today to celebrate jobs. Jobs."President Trump said he wanted to create more jobs in the U.S. and for Americans to rely on products made in the country."God bless Boeing,” he added.Winners and Losers:  Shares in Kraft Heinz Company soared nearly 11 percent after the food company reportedly made a merger bid for Unilever.A lower-than-expected fiscal second-quarter earnings report caused Campbell Soup Company's stock to sink about 7 percent.UnitedHealth Group Inc fell 4 percent after the Department of Justice joined a lawsuit accusing the Minnesota-based health insurer of overcharging the government's Medicare program.
    Read more...