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Crumbs may find savior in Marcus Lemonis

Crumbs may find savior in Marcus Lemonis

NEW YORK, July 10 (UPI) --Marcus Lemonis, an investor and CNBC star, is working on a deal that could save cupcake store Crumbs, which closed all of its stores earlier this week.
Ananth Baliga
Dov Charney to continue as paid consultant for American Apparel

Dov Charney to continue as paid consultant for American Apparel

LOS ANGELES, July 10 (UPI) --Former American Apparel CEO and Chairman Dov Charney will be a paid consultant for the retailer in a deal made Wednesday with investment firm Standard General.
Ananth Baliga
Initial jobless claims reach near 7-year low

Initial jobless claims reach near 7-year low

WASHINGTON, July 10 (UPI) --The number of Americans filing for jobless claims fell to a near seven-year low last week, signaling improved conditions in the job market.
Ananth Baliga
European markets fall as Portuguese bank Espirito Santo teeters

European markets fall as Portuguese bank Espirito Santo teeters

LISBON, Portugal, July 10 (UPI) --European markets reacted sharply to Portuguese bank Espirito Santo missing debt payments, causing investors to question the soundness of the bank's finances.
Ananth Baliga
IBM invests $3 billion to research future of chips

IBM invests $3 billion to research future of chips

ARMONK, N.C., July 10 (UPI) --IBM said it will invest $3 billion over the next five years to develop the next generation of microprocessors and chips by moving away from silicon.
Ananth Baliga
Lyft launches ride-share service in NewYork City

Lyft launches ride-share service in NewYork City

NEW YORK, July 9 (UPI) --Ride-share service and Uber rival Lyft will launch its service in New York City Friday starting in the outer boroughs of Brooklyn and Queens.
Ananth Baliga
Emirates agrees to buy 150 Boeing 777X planes

Emirates agrees to buy 150 Boeing 777X planes

SEATTLE, July 9 (UPI) --Dubai-based Emirates Airline has agreed to buy 150 Boeing 777X wide-bodied jets in a deal valued at $56 billion.
Ananth Baliga
Citigroup close to negotiating deal for selling bad mortgage

Citigroup close to negotiating deal for selling bad mortgage

NEW YORK, July 9 (UPI) --Citigroup is expected to pay a $7 billion penalty for packaging bad mortgages in the run-up to the financial crisis, according to people close to the matter.
Ananth Baliga
Crumbs Bake Shop announces it is closing its doors

Crumbs Bake Shop announces it is closing its doors

NEW YORK, July 8 (UPI) --Crumbs Bake Shop announced to its employees that they were permanently closing all of its stores at the close of business Monday.
Aileen Graef
Pope to appoint new chief to Vatican Bank

Pope to appoint new chief to Vatican Bank

VATICAN CITY, July 8 (UPI) --Pope Francis will appoint a new chief banker to the Vatican Bank, with the bank reporting minimal profits for 2013 as it attempts to clean up its accounts.
Ananth Baliga
ADP: U.S. private sector adds 281,000 jobs in June

ADP: U.S. private sector adds 281,000 jobs in June

WASHINGTON, July 2 (UPI) --ADP released a report Wednesday that shows the U.S. private sector added 281,000 jobs in June, increasing expectations for Thursday's jobs report.
Ananth Baliga
Google acquires music streaming service Songza

Google acquires music streaming service Songza

MOUNTAIN VIEW, Calif., July 2 (UPI) --Google acquired music streaming startup Songza, a company that generates playlists based on a user's mood. Financial details of the deal were not disclosed.
Ananth Baliga
Explosion at GM plant kills one, eight injured taken to hospital

Explosion at GM plant kills one, eight injured taken to hospital

FORT WAYNE, Ind., July 2 (UPI) --A chemical explosion at a General Motors metal-stamping plant has left one person dead and eight others injured near Fort Wayne, Indiana.
Ananth Baliga
Samsung releases Galaxy S5 Mini smartphone

Samsung releases Galaxy S5 Mini smartphone

SEOUL, July 1 (UPI) --Samsung revealed Tuesday the Galaxy S5 Mini smartphone, which will have a similar design and features like its larger cousin but will not be as powerful.
Ananth Baliga
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