Email List
 

PREGNANT WOMAN RUN OVERPOOP INSPECTIONGIRL HITS WINDSHIELDLIBRARY PORN

Business News

Last Update on January 30, 2015 08:34 GMT

ECONOMY-THE DAY AHEAD

WASHINGTON (AP) -- Investors will have their eye on the government's latest estimate of U.S. economic growth when the Commerce Department releases its report on fourth quarter gross domestic product today.

Also, the University of Michigan will issue its monthly index of consumer sentiment for January and the Labor Department will release the employment cost index for the fourth quarter, a measure of wage and benefit growth..

It's also the busiest week of the current corporate earnings season.

The global biopharmaceutical company AbbVie will report quarterly financial results before the market opens, along with Altria Group and MasterCard.

SHAKE SHACK-IPO

NEW YORK (AP) -- Investors apparently have a craving for a better burger.

Hamburger chain Shake Shack Inc. has priced its initial public stock offering at $21 per share, above its proposed range of $17 to $19 per share.

It sold 5 million shares, raising $105 million. The banks managing the deal may buy 750,000 more shares.

Shake Shack cooks burgers to order and promotes its use of natural ingredients, emblematic of what's known as the "better burger" trend.

Its origins date to 2001, when Union Square Hospitality Group, a company owned by restaurateur Danny Meyer, opened a hot dog cart in Manhattan's Madison Square Park. Shake Shack now has 63 locations in nine countries.

The stock is expected to begin trading Friday on the New York Stock Exchange under the "SHAK" ticker symbol.

JAPAN-ECONOMY

TOKYO (AP) -- Japan's industrial output edged higher in December, suggesting the world's third-largest economy may be turning the corner on a recession brought on by a hefty sales tax hike.

Data released Friday showed manufacturing output increased 0.3 percent in December from the same month a year earlier. However, inflation moderated to 2.5 percent from a year earlier, compared with 2.7 percent in November.

The core consumer price index, excluding food, fell 0.2 percent from the month before.

Falling energy costs thanks to the plunge in oil prices had a limited effect, since the CPI excluding both food and energy was unchanged from the previous month.

Japan's jobless rate dipped to 3.4 percent from 3.5 percent the month before. But stagnant wages meant household spending dropped 3.4 percent from a year earlier.

TOYOTA-FATAL CRASH

MINNEAPOLIS (AP) -- Jury deliberations will resume Friday in a case alleging a 1996 Toyota Camry had a design defect that caused a fatal crash.

Jurors left the federal court in Minneapolis without a verdict Thursday and will return Friday to keep deliberating. At one point in their discussions, jurors asked for a video player so they could view some evidence in the case.

The jurors must decide whether Toyota's design of the 1996 Camry had a defect that was unreasonably dangerous. If they find there was a defect, they must decide if it directly caused injuries to those hurt or killed when Koua Fong Lee crashed into another car in 2006.

Lee spent 2 1/2 years in prison before being released after reports suggested some Toyota cars had sudden acceleration problems.

PIPELINE SPILLS-KEYSTONE

BILLINGS, Mont. (AP) -- As Congress presses the Obama administration to approve the Keystone XL pipeline, government records show oil pipeline accidents have become increasingly frequent in the U.S.

An Associated Press review shows accident numbers growing steadily since 2009, reversing a decade-long decline.

Keystone would go from Canada to the Gulf, passing near where 30,000 gallons of crude spilled into Montana's Yellowstone River earlier this month.

The recent breach became the latest in a string of spills to highlight ongoing problems with maintenance of the nation's crude pipeline network.

After the U.S. Senate voted Thursday in favor of Keystone, Sen. Maria Cantwell of Washington state cited the increase in spills in calling for Obama to veto the measure.

Keystone supporter North Dakota Democrat Sen. Heidi Heitkamp said building it was preferable to using older pipelines.

Advertise with us!

 
  • WPEC :: News - Let's Move

    Let's Move


    Jan 15th
    5:00-5:45
    Palm Healthcare Walk
    Palm Healthcare
    700 South Dixie Highway. WPB

    Join Team Palm Healthcare Foundation on their after work walk to log minutes for Let's Move! ...
  • WPEC :: News - South Florida Business Report

    South Florida Business Report

    South Florida's only show devoted to the business community.
  • WPEC :: News - The Science of Selfies

    The Science of Selfies

    Why are "selfies" so compelling, enduring and ... annoying? CBS12 celebrates everything we love and hate about the Selfie -- the thousands of pics people take every day showing they were present at some ...
  • WPEC :: News - Border Crisis

    Border Crisis

    Get the latest developments on the border control crisis!
  • WPEC :: News - The Scene

    The Scene



  • WPEC :: News - CBS Fall Preview

    CBS Fall Preview

    Get a sneak peek at all of the new shows coming to CBS 12 this fall.
  • WPEC :: News - Question of the Day

    Question of the Day



  • WPEC :: News - 2014 Tony Awards

    2014 Tony Awards

    Top News, Videos, and Information on the 68th Annual Tony Awards.
  • WPEC :: News - Special Report

    Special Report

    Indepth coverage from CBS 12 News team of stories that matter to you.
  • WPEC :: News - Top Stories

    Top Stories

    Get up to the minute information from South Florida and the Treasure Coast in our Top Stories section!
  • WPEC :: News - South Florida Business Report

    South Florida Business Report



  • WPEC :: News - Around the Web

    Around the Web

     Catch up on the latest trending news and viral videos on the web.
  • WPEC :: News - Your Voice. Your Future.

    Your Voice. Your Future.

    As the country faces challenges from federal budget issues to jobs and national debt, your voice is critical to the future.
  • WPEC :: News - The Dwyer Awards

    The Dwyer Awards

    The William T. Dwyer Awards for Excellence in Education honors outstanding educators from public and private schools in Palm Beach County.


  • WPEC :: News - Fugitive Friday

    Fugitive Friday



  • WPEC :: News - Health & Wellness Experience

    Health & Wellness Experience

    CBS 12 and The Sun Sentinel are proud to present the first annual Health and Wellness Experience in partnership with Adcahb.
  • WPEC :: News - Wall of Justice

    Wall of Justice

    WPEC CBS 12 News turns its focus to crime in South Florida with weekly Most Wanted features and feedback sessions with Palm Beach County Sheriff Ric Bradshaw. Watch the latest segments Mondays at 5 p.m. ...
  • WPEC :: News - Sheriff 9-1-1

    Sheriff 9-1-1

    Palm Beach County Sheriff Ric Bradshaw and CBS 12 News team up to offer you a way to directly address your concerns about crime and law enforcement in Palm Beach County.

  • WPEC :: News - Road Trippin

    Road Trippin

    Come Road Trippin' with us!
  • WPEC :: News - In Your Corner

    In Your Corner

    CBS12 News has Florida Gov. Rick Scott "In Your Corner," answering your questions. Ask a question in the Facebook commenting window below or email it to newstips@cbs12.com.
  • WPEC :: News - Extraordinary People

    Extraordinary People



  • WPEC :: News - Trending with Tracy

    Trending with Tracy

    Tracy St. George, a South Florida DJ for WRMF, delivers the hottest celebrity news weekly on CBS12's Trending with Tracy.

  • WPEC :: News - Wednesday's Weather Kid

    Wednesday's Weather Kid

    Welcome to Wednesday's Weather Kid on CBS12's Good Morning South Florida! Here we let middle schoolers produce a "bus stop forecast" each Wednesday. Contact Robin Cross at rcross@cbs12.com for info on ...
  • WPEC :: News - Washington Times

    Washington Times

    Politics, Breaking News, US and World News.
  • WPEC :: News - Waste Watch

    Waste Watch

    How are your tax dollars being spent? Waste Watch tracks whether local, state and federal governments or any groups are using your money wisely...or wasting it.
  • WPEC :: News - Newscast Links

    Newscast Links

    Get links and contact information from items mentioned in our newscasts!
  • WPEC :: News - News Tips

    News Tips

    Do you have a lead on a good news tip or want to share a story idea? Let us know!
  • WPEC :: News - Raw News

    Raw News

    See the news as it happened, raw and unedited!
  • WPEC :: News - CBS 12 News LIVE Stream

    CBS 12 News LIVE Stream

    Watch LIVE CBS 12 newscasts and breaking news as it happens here!
  • WPEC :: News - Traffic Links

    Traffic Links

    Get links and information on traffic conditions, rail information and arrival and departure information for PBIA, MIA and FLL!
  • WPEC :: News - Sex Offender Mapping

    Sex Offender Mapping

    Search for any registered sexual offender or predator within a 5-mile radius of your home!
  • WPEC :: News - Product Recalls

    Product Recalls

    Get the latest recalls on autos, child safety seats, consumer products and FDA food and drugs recalls!
  • WPEC :: News - Forever Family

    Forever Family

    Watch videos and read stories of local people and families in need!
  • WPEC :: News - Live Feed

    Live Feed

    Watch the CBS News Live Feed for news stories as they happen!
  • WPEC :: News - National and World News

    National and World News

    Get the latest headlines from across the nation and around the world.
  • WPEC :: News - Pet of the Day

    Pet of the Day

    Watch our "Pet of the Day" videos for adorable pets that need a loving home!
  • WPEC :: News - Pump Patrol

    Pump Patrol

    Find the lowest gas prices in West Palm Beach, get fuel saving tips, price trends and check out nationwide gas price averages!

more »

Tonight on CBS12

7:30 PM -- NFL Today
8:25 PM -- NFL on CBS
Complete Schedule»