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Business News
How the Dow Jones industrial average fared on Monday
U.S. stocks closed sharply lower on Monday following a steep sell-off in materials, financials and technology stocks. The market pared its losses by the end of the day but still ended down for the second day in a row. The Nasdaq composite index closed almost 20 percent below its record high last year....
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Gap reports 7 pct drop for a key sales figure for 4Q
NEW YORK (AP) -- Gap Inc. is reporting slumping sales at all three brands for the crucial fourth quarter, which covers the holiday season....
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Chesapeake says it has no plans to file for bankruptcy
NEW YORK (AP) -- Chesapeake Energy sought to assure investors Monday that it is not planning to file for bankruptcy protection. The announcement came after a news report that said it hired a law firm spooked investors and sent its stock plummeting....
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Stocks fall sharply as banks, tech sector take a beating
A steep sell-off in stocks got a little less bad by the end of the day, but it still left indexes down sharply for the second day in a row....
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Chipotle urges workers to stay home if they're sick
NEW YORK (AP) -- Chipotle repeatedly told employees they need to stay home if they feel sick and the restaurant chain kept all its U.S. locations shuttered early Monday as executives went over new food safety procedures....
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