Business

Encana Corporation Buying Athlon Energy

Oil and natural gas company Encana Corp. is buying Athlon Energy for $5.93 billion in an effort to boost is oil production by tapping into Texas's booming Permian Basin.


Softbank in Talks to Acquire Dreamworks Animation

An acquisition of Dreamworks by SoftBank would make it part of a cash-rich Japanese communications and media company that has shown a willingness to take big bets on combining disparate businesses.


International Coffee Day Means Free Coffee at Dunkin' Donuts, Krispy Kreme, McDonalds

A number of national chains are celebrating International Coffee Day by offering -- what else? -- free coffee.


ATM, Overdraft Fees Keep Climbing

Banks are raking in ever-larger fees when customers overdraw checking accounts or use ATMs that aren't affiliated with their lender, a survey shows.


Instagram Founder Joins Wal-Mart Board

Wal-Mart Stores is adding Instagram co-founder and CEO Kevin Systrom to its board of directors.


Macy's Boosts Holiday Hiring 3.6 Percent

Macy's plans to hire about 86,000 seasonal holiday workers nationwide to bolster its stores, call centers and distribution hubs.


Back to School, the Extended Version

Nearly a month after students started stuffing their lockers again, many retail analysts are calling this year's back-to-school shopping season underwhelming.


'Bond King' Gross Quits $2T Pimco for Janus

Bill Gross, the world renowned investor known as the 'bond king', has dramatically quit the $2 trillion investment firm he set up more than 40 years ago. The move sent shockwaves through the global finance industry and triggered a 35% rise in the shares in Janus Capital, the rival fund where the legendary investor will start trading in bonds.


App Integration Seen as Key to Online Strategy

A conference this week in Chicago brought mobile app developers together with businesses ranging from Walgreen and Sears to technology startups. Their focus: an arcane topic known as APIs, or application programming interfaces.


Air Berlin Cancels Boeing Order

Air Berlin, Germany's second-biggest airline, says it has canceled an order for 33 new Boeing jets with a list price of some $5 billion.


Mike Odell Resigns as Pep Boys CEO

Car repair chain Pep Boys said President and CEO Mike Odell has resigned, effective immediately.


Bill Gross Jumping to Janus

Bill Gross, who co-founded and led the giant fund manager Pimco for more than four decades, is leaving the company to join Janus Capital.


Chiquita, Fyffes Change Merger Terms

Revisions to the proposed merger between Chiquita and the Irish fruit importer Fyffes will give Chiquita shareholders a nearly 60 percent stake in what would be the world's largest banana supplier.


Get Ready for Gas at $3 a Gallon This Fall

Gasoline prices typically decline in autumn, but this year they're being pulled even lower by falling global oil prices.


U.S. Bank Refunding Credit Card Customers

U.S. Bank is refunding about $48 million in the latest federal settlement by a major bank over improper billing for extra credit card products that customers didn't receive.


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