WASHINGTON'S LEADING BUSINESS MAGAZINE

Daily Intel

Warren Buffett's firm to pay $896,000 penalty
The Federal Trade Commission said Wednesday that Berkshire Hathaway Inc. should have notified the Justice Department before it converted $325 million of senior USG notes it held into 21.4 million shares of the company. Because Berkshire was already...
Aug 20, 2014 | 9:20 PM
Social media pushes back at militant propaganda
BEIRUT (AP) — The extremists of the Islamic State group have turned their social media into a theater of horror, broadcasting a stomach-turning stream of battles, bombings and beheadings to a global audience. The strategy is aimed at terrorizing...
Aug 20, 2014 | 9:20 PM
Target cuts outlook as breach fallout lingers
NEW YORK (AP) — Target Corp. slashed its annual profit outlook for the second time in three months as the retailer reels from a massive customer-data breach, a botched Canadian expansion and sluggish U.S. sales. The nation's third-largest retailer...
Aug 20, 2014 | 9:20 PM
Hertz and American Eagle are big market movers
The clothing retailer reported a steep drop in quarterly profit on weak sales, but the results still beat Wall Street expectations The Chinese Internet television company reported quarterly financial results and sales guidance below Wall Street...
Aug 20, 2014 | 9:20 PM
Women small business owners struggle to get loans
Because the business, based in the Detroit suburb of Commerce Township, doesn't have a traditional structure and sells directly to the public rather than retailers, banks keep saying no. Male loan officers have also made inappropriate comments...
Aug 20, 2014 | 9:20 PM
UPS says 51 retail stores breached by malware
Some customers of The UPS Store may have had their credit and debit card information exposed by a computer virus found on systems at 51 stores in 24 states. A spokeswoman for UPS says the information includes names, card numbers and postal and email...
Aug 20, 2014 | 9:20 PM
Why Bank of America deal might not cost it $17B
Inflated figures make sensational headlines for the Justice Department, and $17 billion would be the largest settlement by far arising from the economic meltdown in which millions of people in the United States lost their homes to foreclosure. To...
Aug 20, 2014 | 9:20 PM
APNewsBreak: B ofA reaches $17B settlement with US
WASHINGTON (AP) — Bank of America has reached a record settlement of nearly $17 billion to resolve an investigation into its role in the sale of mortgage-backed securities before the 2008 financial crisis, officials directly familiar with the matter...
Aug 20, 2014 | 9:20 PM
Police seek mystery pair in selfies after burglary
Detectives on Wednesday released photos of a man and woman that mysteriously appeared on a Santa Clarita woman's online account days after thieves broke into her home through a window and ransacked the place. The victim doesn't know the pair, who...
Aug 20, 2014 | 9:20 PM
Apple's stock bounces back to hit a new high
SAN FRANCISCO (AP) — Apple's stock touched a new high Wednesday, reflecting investors' renewed faith in CEO Tim Cook's ability to outwit the competition and expand the technological hit factory built by the late Steve Jobs. The milestone represents...
Aug 20, 2014 | 9:20 PM