NEW YORK (AP) - George Zimmer, the ousted founder and executive chairman of Men's Wearhouse, says Wednesday he was dismissed after he and the company's board disagreed about how it should look.
In a statement released to CNBC following his termination, Zimmer says he expressed concerns to
GENEVA (AP) - Switzerland's lower house of parliament has for the second time rejected a government proposal on relaxing Swiss banking secrecy laws, a move that would have helped the country's banks avoid facing U.S. criminal charges for shielding tax cheats.
By The Associated Press
NEW YORK (AP) - The price of oil fell slightly Wednesday as the Federal Reserve indicated it's closer to easing up on economy boosting measures that have been a boon for commodities.
Oil swung in a range of about $1 after the Fed delivered a mixed message: The central
By SARAH DiLORENZOAssociated Press
LE BOURGET, France (AP) - Unmanned aircraft have helped rescue stranded hikers, worked to contain wildfires and gathered data at nuclear accidents. One helped a Russian tanker find its way through Arctic ice to bring oil to a stranded Alaskan community.
NEW YORK (AP) - Stocks are drifting lower on Wall Street as investors hold back ahead of a policy announcement from the Federal Reserve.
The Dow Jones industrial average was down 10 points, or 0.1 percent, at 15,307 at midday Eastern Daylight Time Wednesday.
The Standard & Poor's 500 index
JERUSALEM (AP) - Israel has decided to export 40 percent of the natural gas it expects to produce from offshore wells, keeping a larger amount for local use than expected.
The figure, announced by Prime Minister Benjamin Netanyahu on Wednesday, is lower than the 53 percent recommended by an inter-
By ANDREW MIGAAssociated Press
WASHINGTON (AP) - Homeowners trying to avoid foreclosure must wait too long for their loan modification applications to be reviewed by some of the nation's top mortgage servicers, a report said Wednesday. Such delays can plunge borrowers deeper in debt.
NEW YORK (AP) - Shares of gene therapy developer Bluebird Bio Inc. are surging in their trading debut.
Its shares climbed $9.15, or 53.8 percent, to $26.15 in morning trading Wednesday after trading as high as $27 earlier in the session.
The company's initial public offering of 5.94 million
MILAN (AP) - A Milan court on Wednesday convicted the designers Domenico Dolce and Stefano Gabbana of tax evasion.
They were found guilty of failing to declare 200 million euros ($268 million) through a Luxembourg company to authorities and given a one year and eight months suspended jail sentence
By ANNE D'INNOCENZIOAP Retail Writer
NEW YORK (AP) - Apparently, Men's Wearhouse Inc. doesn't like the way its founder looks anymore.
In a terse release issued Wednesday, Men's Wearhouse said it has fired the face of the company and its executive chairman, George Zimmer, who
AMMON, Idaho (AP) - Officials with the Bonneville County sheriff's department say a 21-month-old southeastern Idaho girl has died after she was left in a vehicle. A news release says deputies and paramedics were called shortly after 5:15 p.m. Tuesday to a residence in Ammon,
UPDATE: The female driver has been identified as Jennifer A. Schmidt of Spokane Valley. The male driver has been identified as Sean D. Moss. Both Schmidt and Moss were life-flighted by Medstar to Sacred Heart. The State Patrol says both vehicles were totaled and both drivers were wearing seatbelts
WASHINGTON (AP) - Secretary of State John Kerry called the Afghan president twice in the past 24 hours to ease Hamid Karzai's anger over the way the Taliban announced the opening of their political office in Qatar.
The rift delayed the announced visit to the region this week by the U.S. special