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Business News

Thursday, Sep 27, 2018 at 06:55 AM CDT

Facebook Unveils New Virtual Reality Headset

Facebook Unveils New Virtual Reality Headset

Facebook CEO Mark Zuckerberg is off to a slow start in his mission to bring virtual reality to the masses, so perhaps it's appropriate his company's next VR headset will be called Quest. The headset from...

Wednesday, Sep 26, 2018 at 03:18 PM CDT

Here's How the Fed Rate Hike Will Impact You

Here's How the Fed Rate Hike Will Impact You

With the Federal Reserve's latest quarter-point interest rate increase (and still more likely to come), the pressure is mounting for consumers. The Fed's eighth hike in two years pushes the federal funds rate...

Wednesday, Sep 26, 2018 at 01:08 PM CDT

SurveyMonkey Soars More Than 60 Percent in Market Debut

SurveyMonkey Soars More Than 60 Percent in Market Debut

SurveyMonkey soared more than 60 percent in its stock market debut Wednesday, after opening at $18.75 per share. The software company that offers digital survey and data analytics services for enterprise...

Wednesday, Sep 26, 2018 at 10:44 AM CDT

After a Lull, New-Home Sales Up 3.5 Percent in August

After a Lull, New-Home Sales Up 3.5 Percent in August

Sales of new U.S. homes climbed 3.5 percent in August, snapping a two-month decline as buying surged in the pricey Northeast and West housing markets. The Commerce Department said Wednesday that newly built...

Wednesday, Sep 26, 2018 at 10:25 AM CDT

Fox Will Sell Sky Stake to Comcast for Around $15 Billion

Fox Will Sell Sky Stake to Comcast for Around $15 Billion

21st Century Fox will sell the remainder of its stake in U.K.-based broadcaster Sky, the company announced on Wednesday, just days after Comcast out dueled Fox in a takeover bid. Comcast and Fox have been...

Wednesday, Sep 26, 2018 at 02:01 AM CDT

Into the Fold? What's Next for Instagram as Founders Leave

Into the Fold? What's Next for Instagram as Founders Leave

When Kevin Systrom and Mike Krieger sold Instagram to Facebook in 2012, the photo-sharing startup's fiercely loyal fans worried about what would happen to their beloved app under the social media giant's...

Tuesday, Sep 25, 2018 at 05:54 PM CDT

Arby's Owner Inspire Brands Buys Sonic for $2.3 Billion

Arby's Owner Inspire Brands Buys Sonic for $2.3 Billion

Arby's owner Inspire Brands is buying the Sonic drive-in hamburger chain. Inspire is paying $43.50 per share cash, or $2.3 billion, for Sonic, which has 3,600 restaurants in the U.S. Inspire expects the deal to...

Tuesday, Sep 25, 2018 at 10:12 PM CDT

American Airlines, Zoe's Partner for In-Flight Meal Options

American Airlines, Zoe's Partner for In-Flight Meal Options

American Airlines is expanding its inflight food options with the addition of a light and healthy Mediterranean menu.

Tuesday, Sep 25, 2018 at 10:40 PM CDT

Just Dunkin': Dunkin' Donuts to Change Its Name

Just Dunkin': Dunkin' Donuts to Change Its Name

Dunkin' is dropping the donuts - from its name, anyway. Doughnuts are still on the menu, but the company is renaming itself "Dunkin'" to reflect its increasing emphasis on coffee and other drinks. The...

Tuesday, Sep 25, 2018 at 09:49 AM CDT

Dating App Bumble Sets Sights on IPO Amid Match Lawsuit

Dating App Bumble Sets Sights on IPO Amid Match Lawsuit

Bumble, the dating app, is pressing ahead with its $400 million countersuit on its larger rival Match and is pursuing an initial public offering. Designed as a social and dating app that allows women to...

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