Dow closes above 24,000

The blue chip index broke through the 24,000 milestone for the first time Thursday. The Dow and Nasdaq closed at record highs. Fred Katayama reports.


Source: US news

At the LA Auto show, electric cars and SUVs dominate

At this week’s Los Angeles auto show, BMW’s display of models illustrated how much more complicated the premium auto business is now. BMW and other luxury brands are making awkward leaps from the predictable past to an uncertain future, propelled by heavy investments in new models and technology.


Source: US news

Apple plans to design its own power chips

Apple is designing its own power-management chips for use in iPhones as early as 2018, according to Nikkei. The news sent shares of its current supplier Dialog Semiconductors plunging. Fred Katayama reports.


Source: US news

Sears' shares soar as loss narrows

Sears Holdings cut its third quarter loss by almost $200 million compared to a year ago, benefiting from lower operating costs as it shut scores of Kmart and Sears outlets. Fred Katayama reports.


Source: US news