logo

TODAY'S TOP STORIES

Share SHARE

FiatChrysler-RamTruck-092916.jpg Fiat Chrysler (FCAU) has announced that it will create 700 new jobs at the Sterling Heights Assembly Plant as the automaker plans to produce its next generation of Ram 1500 trucks there. Earlier, FCA US had announced a $1.48 billion investment at the Sterling Heights Assembly Plant to produce the...

fbatwork-092916.jpg Facebook Inc. (FB) the world's largest social network, reportedly will launch the business version of its popular platform "Facebook at Work" in London on October 10. According to the company, a Facebook at Work account will enable users to connect with coworkers and works in similar ways as Facebook itself.

wallstreet-112814_29Sep16.jpg After initially showing a lack of direction, stocks have moved modestly lower over the course of the trading session on Thursday. Selling pressure has remained subdued, however, limiting the downside for the markets.

cosi-092916.jpg Fast-casual restaurant chain Cosi Inc. and its units have filed for Chapter 11 bankruptcy protection and plans to sell itself to lenders. The move comes after the company failed to find a buyer or raise capital.

samsung-washingmachine-092916.jpg Can a washing machine explode just like a bomb? A lawsuit filed in the federal court in New Jersey alleged that there was loud noise and damage to garage wall as the washing machine went off with a violent boom. Samsung is facing federal class action lawsuit from customers. There were similar reports...

wallstreet-112414_29Sep16.jpg Stocks are showing a lack of direction in early trading on Thursday after moving mostly higher over the course of the two previous sessions. The major averages have been bouncing back and forth across the unchanged line.

PendingHomesales-092916.jpg After reporting a jump in U.S. pending home sales in the previous month, the National Association of Realtors released a report on Thursday showing a sharp pullback in pending home sales in the month of August. NAR said its pending home sales index tumbled by 2.4 percent to 108.5 in August after surging up by 1.2 percent to a revised 111.2 in July.

apple-imessage-092916.jpg Apple Inc. has repeatedly assured customers of its commitment to privacy and said that iMessage conversations are safe. However, Apple's iMessage logs the phone numbers typed by users for a text conversation and shares this information with law enforcement when compelled by court order, according to news site "The Intercept."

USGDP-092916.jpg Primarily reflecting upward revisions to non-residential fixed investment, private inventory investment, and exports, the Commerce Department released a report on Thursday showing that U.S. gross domestic product increased by more than previously estimated in the second quarter. The report said second...

joblessclaims-092916.jpg First-time claims for U.S. unemployment benefits rose by less than expected in the week ended September 24th, according to a report released by the Labor Department on Thursday. The report said initial jobless claims edged up to 254,000, an increase of 3,000 from the previous week's revised level of 251,000.

commerzbank-092916.jpg German lender Commerzbank AG said Thursday that it will cut almost 10,000 jobs, stop paying dividends for the time being and merge two big units as part of a restructuring to become profitable on a sustainable basis by 2020. The bank, Germany's second largest, said that to cover its restructuring costs in the region of 1.1 billion euros, it will cease dividend payments for the time being.

wallstreet-112014_29Sep16.jpg After moving higher over the course of the two previous sessions, stocks may give back some ground in early trading on Thursday. The major index futures are currently pointing to a modestly lower open for the markets, with the Dow futures down by 25 points.

HolloweenCostumes-092816.jpg This year's Halloween will see more and more children in superhero and action hero costumes, according to the National Retail Federation's 2016 Halloween Consumer Top Costumes Survey.

euroeconomicconfidence-092916.jpg Eurozone economic sentiment rebounded strongly to an eight-month high in September from a five-month low in the previous month, mainly driven by the improvement in industrial and retailers' confidence, survey data from the European Commission showed Thursday. The economic sentiment index climbed to 104.9 from 103.5 in August. Economists had forecast an unchanged reading.

pepsico-092916.jpg Snack and beverage giant Pepsico Inc. reported Thursday significantly higher profit in its third quarter, reflecting the absence of last year's hefty Venezuelan impairment charges, despite weak revenues. Core earnings and revenues beat market estimates. Further, the company lifted its fiscal 2016 forecast on its performance and outlook for the fourth quarter.

Follow RTT