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Stocks Slightly Lower At Closing Bell

Posted On October 06, 2014

(New York, NY) -- Stocks are down slightly at the end of the first trading day of the week. There's speculation that the Fed will raise interest rates by the middle of next year. Gold prices rose more than one percent. The Dow closed down 18 points to 16-992. The Nasdaq finished 21 points lower…

GM Approves More Death Claims

Posted On October 06, 2014

(Detroit, MI) -- More deaths are being linked to General Motors' faulty ignition switch troubles. The victim compensation fund has now approved 24 death claims. The number is up by one from a week ago. To date more than eleven-hundred claims have been filed including 165 for deaths. The fund will accept claims through the…

Facebook Finalizes Acquisition Of WhatsApp

Posted On October 06, 2014

(Menlo Park, CA) -- Facebook's acquisition of the messaging service WhatsApp is finally in the books. The company finalized the roughly 22-billion-dollar deal today. Facebook announced plans to buy WhatsApp back in February, but in the last eight months the value of the deal has increased by about three-billion dollars. That's because part of the…

NBA Announces $24-Billion TV Deal

Posted On October 06, 2014

(New York, NY) -- The NBA has a new TV deal worth 24-billion dollars. Commissioner Adam SIlver announced a new nine-year contract -- worth triple the league's current deal -- with ESPN and Turner. There had been rumors for months that Fox Sports One was in line to grab at least some games next year,…

Hewlett Packard May Split Today

Posted On October 06, 2014

(New York, NY) -- Hewlett Packard may split into two companies today. The "Wall Street Journal" reports one company will sell computers and printers, the other will sell technology services. Tens of thousands of employees have been laid off in recent years as a result of lagging sales.