Cal Worthington, a man whose used-car ads rose to the level of a cultural phenomenon, has died at age 92. He was a fixture on televisions in California for decades, with zany sales pitches that drew both customers and fame.
Apple's latest iPhone announcement, expected later Tuesday, shows the company is getting more incremental in its innovation than revolutionary. But that doesn't mean that the hype machine isn't in full swing.
Although many of its phones are made in China, Apple has struggled with sales in the world's largest smartphone market. A cheaper iPhone may attract more consumers — but it could also lose some of its cachet. The company also faces competition from Asian rivals who offer cheaper phones.
Also being removed from the widely watched index: Hewlett-Packard and Bank of America. Being added: Visa and Goldman Sachs. The changes reflect not only the companies' fortunes, but also the changing nature of the U.S. economy.
Las Vegas is adding an eye-catching tourist attraction, in the form of a huge wheel that can take more than 1,000 people on a ride 550 feet into the sky over the city's famed Strip. The main construction of the wheel, called the High Roller, is nearly finished; it is expected to open in early 2014.
Tea Party Patriots are making a push for Congress to defund the new health care law as part of debates over the budget and funding the federal government. On Capitol Hill Tuesday, Tea Party activists have scheduled an afternoon gathering to rally support for cutting off funding for the health law often referred to as Obamacare.
The telecommunications giant is expected to raise $20 billion or more Wednesday in what would be the largest sale of its kind. Sales from the bonds would help fund the company's buyout of Vodafone, which owns nearly half its wireless division.
Two large investors — Ares Management and the Canada Pension Plan Investment Board — have reached a deal to purchase upscale retailer Neiman Marcus. The two buyers will hold equal shares of Neiman, which is based in Dallas.
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