new york city

PepsiCo Introduces a Mountain Dew Breakfast Drink

If you don't like coffee or tea, PepsiCo has a new breakfast drink that might perk you up. Kickstart has Mountain Dew flavor but is made with 5 percent juice and Vitamins B and C, along with an extra jolt of caffeine.

How Airlines Prepare for Heavy Weather Like Winter Storm Nemo

As the Northeast braces for Winter Storm Nemo, airlines are already employing a strategy that has served them well: Cancel flights early and keep planes, crews and passengers away from snowed-in airports. Here's what else the airlines are doing.

Markets Cautious Ahead of Debt Ceiling Vote

Stock markets traded cautiously on Wednesday ahead of a U.S. vote on raising the nation's borrowing limit temporarily. The House is set to vote on a motion to increase the nation's $16.4 trillion borrowing ceiling for three months.

Germany Is Bringing Home the Gold: 1,950 Tons of It

A German newspaper reports the country's central bank will repatriate parts of its massive gold reserves worth about $200 billion at current market rates from storage sites in the United States and in France.

Boehner Caves, Agrees to Hurricane Sandy Aid Vote on Friday

Under intense pressure from angry Republicans, House Speaker John Boehner agreed late Wednesday to a vote this week on aid for Superstorm Sandy recovery. He will schedule a vote Friday for $9 billion for the national flood insurance program and another on Jan. 15 for another $51 billion in aid.

Oil Prices Rise as Fiscal Cliff Recession Fears Recede

The price of oil jumped by more than a dollar on Wednesday, to above $93 a barrel, after U.S. lawmakers passed legislation to avoid a fiscal cliff that could have pushed the world's biggest economy into recession, and reduced global demand for energy.

Top 10 Business Stories of 2012

This would be the year when the global economy finally regained its vigor. At least that's what many had hoped. It didn't happen. So what were the top ten business stories of 2012?

Should New Yorkers Get a Break on Their Federal Income Taxes?

To bring the federal deficit down, taxes must go up on the rich. But "rich" means very different things in different parts of the country. You need not pity the poor Wall Streeter just scraping by on $1 million -- but average New Yorkers really are getting disproportionately slammed by the tax man.

The Weirdest Things Your Taxes Pay For

Sen. Tom Coburn has released his Wastebook 2012, a look at over $18 billion in projects that are bizarre and hard to justify. Admittedly, that's just a drop in the federal budget. But ... Thoreau-based video games? Robot squirrels?! Take a peek at our gallery of weird government expenditures.

Avon to Cut 1,500 Jobs; CEO Says Layoff Will Stabilize Company

Struggling beauty products seller Avon said late Tuesday it will cut about 1,500 jobs and exit the South Korea and Vietnam markets. The job cuts amount to almost 4 percent of its workforce and are one of the first major moves by CEO Sheri McCoy, who in April replaced longtime CEO Andrea Jung.

Delta Air Lines Buys 49 Percent Stake in Virgin Atlantic

Delta Air Lines said it will buy almost half of Virgin Atlantic for $360 million as it seeks a bigger share of the lucrative New York-to-London travel market. Landing rights at London's Heathrow Airport are limited, and the deal is a way for Delta to expand its foothold there.