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Business News
Playworld recalls 1,300 slides because of hazard
NEW YORK (AP) -- Playworld Systems Inc. is recalling 1,300 slides that are used in school and municipal playgrounds after a defect caused two finger amputations in children....
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Consumers boost borrowing $16 billion in October
WASHINGTON (AP) -- Consumers increased their borrowing in October at the slowest pace in four months as growth in credit card debt and the category that covers auto loans and student loans slowed....
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Starbucks to boost number of shops, add more food to menu
NEW YORK (AP) -- Starbucks, looking to the future as its longtime CEO moves to other projects, plans to open 12,000 new locations within five years to boost its number of coffee shops worldwide by almost 50 percent....
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Broad rally takes US indexes back above record highs
NEW YORK (AP) -- Stocks are leaping to all-time highs in a broad rally Wednesday afternoon. Investors are seeking out stocks that pay large dividends as well stocks that tend to do better in times of faster economic growth, like technology and industrial companies. Drug companies are taking steep losses after President-elect Donald Trump said he wants to reduce drug prices....
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Abbott seeks to end buyout deal for Alere
NEW YORK (AP) -- Abbott is seeking to terminate its buyout of troubled medical diagnostics maker Alere as that company deals with the fallout of a key device recall and government investigations....
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