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Business News
US stocks head higher; Nasdaq touches 5,000 points
NEW YORK (AP) -- Major stock indexes headed higher on Monday as deals and economic news gave stocks a lift. The Nasdaq briefly touched 5,000, the first time the tech-heavy index has hit that mark in nearly 15 years....
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Costco strikes credit card deal with Citi, Visa
NEW YORK (AP) -- Costco says it struck a deal for Citi to be the exclusive issuer of its co-branded credit cards, with Visa replacing American Express as the card network....
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Lumber Liquidators stands behind products as stock plunges
TOANO, Va. (AP) -- Lumber Liquidators is refuting a "60 Minutes" report that raised health concerns about some of its laminate flooring products and pushed its stock price to its lowest level in more than two years....
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US consumer spending, adjusted for inflation, rose in Jan.
WASHINGTON (AP) -- U.S. consumers spent less for a second consecutive month in January, but the weakness came from a big decline in gas prices. Excluding price changes, consumer spending was up in January and analysts expect strong income gains will fuel further solid increases in spending in the months ahead....
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Morgan Stanley expects lawsuit from NY Attorney General
NEW YORK (AP) -- Morgan Stanley, which agreed to a $2.6 billion settlement with the federal government last week, says it expects to be sued by New York Attorney General Eric Schneiderman over subprime mortgage bonds....
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Poll
Do you think 'telecommuting' is effective?
  Absolutely! Even more efficient than the office!
  Yes, but it has its drawbacks.
  No! Too many distractions!
 
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