<![CDATA[NBC4 Washington - Business News]]>Copyright 2017http://www.nbcwashington.com/news/business http://media.nbcnewyork.com/designimages/WASH+NBC4+BLUE.png NBC4 Washington http://www.nbcwashington.comen-usSun, 26 Feb 2017 08:01:46 -0500Sun, 26 Feb 2017 08:01:46 -0500NBC Owned Television Stations <![CDATA[DriveTime: From the Washington Auto Show]]> Tue, 31 Jan 2017 16:38:26 -0500 http://media.nbcwashington.com/images/213*120/20170130+Drive+Time.jpg
Rev your engines for DriveTime, NBC4's special look inside the Washington Auto Show! Hosted by News4's Chuck Bell.]]>
<![CDATA[How Will Brexit Affect the U.S?]]> Fri, 24 Jun 2016 17:14:32 -0500 http://media.nbcwashington.com/images/213*120/WRC_0000000015196230_1200x675_712423491511.jpg
The United Kingdom has voted to leave the European Union. Beyond Friday's dramatic drop in the stock market, what implications does the Brexit have for the United States? News4's Pat Lawson Muse reports.]]>
<![CDATA[Maple Season Kicks Off Early]]> Mon, 20 Feb 2017 23:19:11 -0500 http://media.nbcwashington.com/images/213*120/Maple+syrup1.JPG
A mild stretch of temperatures has jumpstarted Vermont’s signature maple sugaring season. The warm weekend sparked big sap flows across Vermont, including from the 81,000 tree taps at Runamok Maple. That producer has already started boiling the sap collected this weekend, reducing it down into sweet syrup. While the mild stretch has made for an earlier-than-typical start to the season, wintertime sap runs are not unheard of, so Runamok has been on standby, ready to capitalize on conditions.

Photo Credit: Runamok Maple]]>
<![CDATA[Noodles & Company Closing 55 Restaurants]]> Tue, 14 Feb 2017 11:51:57 -0500 http://media.nbcwashington.com/images/213*120/Noodles+and+Company+072616.jpg
Noodles & Company announced plans to close approximately 55 restaurants in the coming months.

Photo Credit: NBCWashington]]>
<![CDATA[Facebook Quarterly Earnings Top Expectations]]> Wed, 01 Feb 2017 16:34:54 -0500 http://media.nbcwashington.com/images/213*120/red-social-facebook-logo.jpg
Facebook reported quarterly earnings that beat analysts' estimates on Wednesday, and revenue that topped expectations, as grew ad revenue 53 percent in a quarter.Shares rose 3 percent after hours.Facebook's ad business zoomed higher, as retailers poured money into snagging customers during the busy holiday shopping season. Only Google rivals Facebook when it comes to digital advertising dominance. Shares rose 3 percent after hours.Facebook's ad business zoomed higher, as retailers poured money into snagging customers during the busy holiday shopping season. Only Google rivals Facebook when it comes to digital advertising dominance.Facebook now has 1.146 billion daily mobile active users."Our business did well in 2016, but we have a lot of work ahead to help bring people together," Zuckerberg said in a statement.]]>
<![CDATA[IHOP: Our Twitter Was Hacked]]> Sun, 15 Jan 2017 23:30:16 -0500 http://media.nbcwashington.com/images/213*120/ihop-deleted-tweet-new.jpg
IHOP said that sometime Sunday morning, the company’s Twitter account was hacked when a politically charged retweet appeared that caused some customers to pledge to never eat their golden fluffy pancakes again. The International House of Pancakes confirmed to NBC4 the retweet in question involved a statement that Hillary Clinton ran a "major garbage campaign."
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<![CDATA[SD Companies Won't Move Chargers]]> Mon, 16 Jan 2017 20:23:55 -0500 http://media.nbcwashington.com/images/176*120/Dean+Spanos+vs+Jacksonville.JPG
So the Chargers said they are going to move to Los Angeles. Now they actually have to MOVE to Los Angeles. Anyone who has ever moved before understands what an undertaking this is. You have to pack up the boxes, prepare the furniture, finally address all the junk that’s been accumulating in the garage … it’s not a small endeavor, and that’s just for a house. The Chargers are moving offices and a practice facility. That means they have to pack up and transport all the tackling sleds, all the computers, all the files … basically 55 years-worth of stuff. For that they will have to hire a moving company.
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<![CDATA[Adidas Rereleases 'OG' NMD Sneaker]]> Sat, 14 Jan 2017 19:40:10 -0500 http://media.nbcwashington.com/images/213*120/AdidasNMDLine.jpg
It's well-known that New Yorkers are crazy for fashion. NYPD officers witnessed the chaos first hand as officers responded to calls for crowd control at Adidas' Fifth Avenue location Saturday morning. A line of eager sneakerheads snaked along 46th Street from Fifth Avenue toward Madison Avenue on Saturday morning for their chance to purchase the highly coveted Adidas "OG" NMD, a sneaker that the athletic wear brand originally released in December 2015 to much fanfare.
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<![CDATA[Yahoo CEO to Resign After Verizon Takeover, Company Says]]> Tue, 10 Jan 2017 03:19:55 -0500 http://media.nbcwashington.com/images/213*120/YAHOO_AP_16254012507905.jpg
Yahoo Inc. announced Monday that CEO Marissa Mayer, one of the highest-profile women in the predominantly male tech world, will resign once the company's merger with Verizon Communications Inc. closes, NBC News reported.When Verizon announced the $4.8 billion deal in July, Mayer said she intended to continue as CEO.But in a brief filing Monday with the Securities and Exchange Commission, Yahoo said Mayer and company co-founder David Filo will leave once Verizon takes control of its operating business. Four other board members are leaving with Mayer and Filo, according to document.However, the Verizon deal has been jeopardized by Yahoo's recent discovery of two separate hacking attacks that stole personal information from more than 1 billion user accounts.

Photo Credit: AP ]]>
<![CDATA[Alibaba CEO Talks Jobs With Trump]]> Mon, 09 Jan 2017 14:14:41 -0500 http://media.nbcwashington.com/images/213*120/trump-jack-ma.jpg
Jack Ma, the CEO of China-based tech giant Alibaba, met with President-elect Donald Trump in New York City Monday and vowed to focus on small businesses as the company plans its expansion to the U.S."Jack and I are going to do some great things," Trump said while standing next to Ma at Trump Tower.The e-commerce company has said it plans to create 1 million U.S. jobs by helping businesses sell to China. Ma did not confirm a specific number of jobs to reporters after the meeting but said he planned to focus on agricultural products, CNBC reported.The meeting comes amid tensions between China and the incoming Trump administration. "We also think that the China and USA relationship should be strengthened — should be more friendly," Ma said. "The door is open for discussing the relationship and trade issues. I think the president-elect is very smart, he's very open-minded to listen."

Photo Credit: AP]]>
<![CDATA[Macy's to Close 65 Stores in 2017, Cut 10K Jobs]]> Thu, 05 Jan 2017 10:23:49 -0500 http://media.nbcwashington.com/images/197*120/GettyImages-2025683.jpg
Macy's announced Wednesday it is shutting down 65 stores in 2017 and eliminating an estimated 10,000 jobs as it battles slowing sales and growing online competition.The closures are part of a previously planned shutdown of about 100 stores, out of its 730, that the company announced in August 2016. Macy’s already shuttered three stores in the middle of 2016. On Wednesday, Macy’s said it will close 63 locations in early spring 2017 and another two mid-year.]]>
<![CDATA[Ford Cancels Mexico Plant, Will Reinvest in Michigan]]> Tue, 03 Jan 2017 12:27:01 -0500 http://media.nbcwashington.com/images/213*120/FORD+THUMB.jpg
Ford announced the cancellation of a new $1.6 billion plant in Mexico and will instead reinvest in Michigan.

Photo Credit: Stock Footage]]>
<![CDATA[CEOs of Tesla, Uber and Pepsi Join Trump's Business Council]]> Thu, 15 Dec 2016 06:30:41 -0500 http://media.nbcwashington.com/images/213*120/elonmusk3.jpg
The real-life Iron Man has agreed to help Donald Trump.Elon Musk, CEO of Tesla and SpaceX joined the president-elect’s business council on Wednesday, NBC News reported. Two other CEOs, Travis Kalanick of Uber and Indra Nooyi of Pepsi have also joined the council.Musk, who was critical of Trump during the presidential race, was seen at the president-elect's private meeting with tech titans on Wednesday.Trump’s Strategic and Policy Forum includes CEOs of some of the country’s largest companies, such as Walt Disney, General Electric, JP Morgan Chase and Wal-Mart. Its purpose is to advise the president-elect on how to create news jobs, according to a press release from Trump’s transition team.

Photo Credit: Getty Images]]>
<![CDATA[Walmart Pulls 'Offensive' Mugs From Website]]> Wed, 14 Dec 2016 07:07:59 -0500 http://media.nbcwashington.com/images/213*120/walmart+sign+generic+2.jpg
Walmart has removed a mug from its website after numerous shoppers reported it as “appalling” and “offensive.”The black and white coffee mug was posted to the retail giant’s site with the message “Got Retard?” on it.After numerous complaints, and a Change.org petition asking the company to stop selling the mug, Walmart said it had the item from a third-party seller “removed from the site as soon as we were informed.” “This item violated our policy and we quickly removed it,” Walmart said in a statement on Twitter. “It’s unacceptable a seller put it on our Marketplace.”

Photo Credit: Getty Images
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<![CDATA[Hawaii's Last Sugar Mill Closes]]> Tue, 13 Dec 2016 14:48:24 -0500 http://media.nbcwashington.com/images/213*120/TEST_SugarHarvest1213_MP4_1200x675_831916611858.jpg
Workers delivered the final truckload of cane to Hawaii's last remaining sugar mill Monday, bringing an era that helped define the state to a close. KHNL's Lisa Kubota reports.]]>
<![CDATA[NJ Clinical Lab Hack Exposes Personal Health Info of 34,000]]> Tue, 13 Dec 2016 07:34:47 -0500 http://media.nbcwashington.com/images/213*120/Quest+Diagnostics_21789268.jpg
Quest Diagnostics announced Monday that it is investigating an unauthorized third-party intrusion into an internet application on its network. In a statement released Monday, the company said the data accessed by the third party "included names, dates of birth, lab results and, in some instances, phone numbers."]]>
<![CDATA[Delta Latest Airline to Upgrade Its Snacks]]> Fri, 09 Dec 2016 09:14:05 -0500 http://media.nbcwashington.com/images/213*120/delta-snacks.jpg
If it's true that an army travels on its stomach, will better snacks keep passengers loyal to one airline? Delta Air Lines is rolling out new free snacks for customers in the main cabin, including brand-name yogurt bars and pretzels. Some will come in larger portions than before because, Delta has figured out, that's what customers crave. The menu move comes about a year after United Airlines brought back free snacks by offering noshes like stroopwafels — a gooey Dutch confection — and better coffee. Earlier this year, American Airlines restored free snacks on domestic flights. Airline executives say they're focusing on both big and little things in the battle for customers.

Photo Credit: AP]]>
<![CDATA[US Stock Indexes Close at Record Highs ]]> Thu, 08 Dec 2016 16:56:14 -0500 http://media.nbcwashington.com/images/213*120/GettyImages-628522000.jpg
Major U.S. stock indexes are closing at record highs for the second day in a row, as a post-election rally continued following a key monetary policy announcement from the European Central Bank, CNBC reported.The Dow Jones industrial average briefly rose more than 100 points before closing 65 points higher, with Goldman Sachs contributing the most gains.The S&P 500 closed 0.2 percent higher while the Nasdaq composite rose 0.4 percent."This really is the Trump trade," said Phil Blancato, CEO of Ladenburg Thalmann Asset Management. "This trade is about the potential for a more pro-business economy."

Photo Credit: Getty Images]]>
<![CDATA[Oil Tumbles Amid OPEC Uncertainty]]> Tue, 29 Nov 2016 17:30:47 -0500 http://media.nbcwashington.com/images/180*120/gasolina-16.jpg
Stocks closed slightly higher on Tuesday, boosted by health-care companies like UnitedHealth Group, as investors digested falling oil prices ahead of a key OPEC meeting.The Dow Jones industrial average closed about 25 points higher. CNBC reported. The S&P 500 gained 0.1 percent while the Nasdaq composite outperformed, closing 0.2 percent higher and hitting a new intraday high of 5,403.86. In energy, oil prices fell sharply after it seemed like a deal to reduce oil production among OPEC nations was starting to fall apart ahead of their meeting Wednesday in Vienna. Benchmark U.S. crude fell $1.85, or 3.9 percent, to close at $45.23 a barrel in New York.

Photo Credit: Getty Images
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