After decades supplying the American consumer with every import imaginable, Wal-Mart now says it wants to stock its shelves with more goods made in the U.S. In Orlando Thursday, the giant retailer sponsored a conference aimed at encouraging U.S. companies to bring their production back home.
Trading on the Nasdaq exchange was halted today due to an unspecified technical glitch. The shutdown rattled investors and raised fresh concerns about the safety and stability of financial markets. Nasdaq in particular has experienced technological mishaps, most notably during the Facebook IPO in 2012.
Are federal prosecutors gearing up to file more big mortgage fraud cases? Bank of America was targeted recently, and JPMorgan Chase has disclosed that it is under investigation. Now that banks have returned to profitability, regulators may be more willing to take action. But time may be running out in some cases.
The Packard plant, which once symbolized the might of America's auto industry, is at risk of heading to auction if a pending development deal fails. If that happens, The Detroit Free Press reports, the 35-acre site could eventually be sold "for as little as $21,000."
Stock markets across Asia fell and India's currency continued its plunge after minutes from the July meeting of the Federal Reserve were released on Wednesday. Records showed Fed officials were comfortable with scaling back the huge bond-buying program as the economy grows stronger.
On stage the late comedienne dressed like a disheveled, chain-smoking housewife with freakish hair — and now some lucky bidders can too. The sale will include many of her trademark props: blond fright wigs, feather boas, ankle boots and cigarette holders.
Lobsters are Maine's signature industry, but it's Canada who seems to be doing the better job of marketing its crustaceans. And as Maine lobstermen face record-low prices, the state is hoping to take a few lessons from the success of its northern neighbor.
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