Business

Cherry Hill Road in Silver Spring is closed after serious crash

Police identified the driver as Yesewlek Endihnew Tizale, 24, of Potomac. An adult male passenger in the Infinity was taken to the hospital with life-threatening injuries. Police are continuing to investigate the collision to determine the circumstances that led to it.   Anyone who witnessed this collision or has information about this collision is asked to call the Collision Reconstruction Unit at 240-773-6620.

Business

Stock Futures Rise as Focus Turns to U.S. Jobs Report

The relatively quiet month followed a surge in stocks for October in the wake of this summer's selloff. Mr. Farr said he is favoring shares of consumer staples, health care and some industrial companies. United States stock futures traded higher in early pre-market trade. Microsoft shares gained 0.2 per cent on news of plans to expand its services for businesses.

Business

Volkswagen faces pressure in U.S. to buy back older diesel cars

The painful and expensive fallout from the diesel engine cheating scandal - 11 million cars worldwide, including 500,000 in the USA, were illegally rigged to pass emissions tests - claimed some big-dollar investments. In previous years, the company has published investment plans for several years ahead. Volkswagen was also expected to discuss initial plans for recalling vehicles in meetings Thursday and Friday with US and California regulators, according to the Wall Street Journal .

Business

Pfizer, Allergan Merge to Form World's Largest Drugmaker

What inversions involve, basically, is a USA based company buying a peer or rival with headquarters in a foreign locale where taxes are lower, and then re-incorporating there. Pfizer makes such drugs as Viagra, cholesterol-lowering Lipitor and the clot-preventer Eliquis. United States efforts to rein in such deals have proved largely ineffective and many companies have joined with overseas partners to cut their tax bills.

Business

Cyber Monday Deals: Target offers stackable discounts on tons of items

Meanwhile, Walmart says it's moving up its Cyber Monday schedule to 8 p.m. Sunday night to provide a simpler and more convenient experience for customers. Compare prices to find the best offers on the items you want most. Toys "R" Us is touting, among its steepest Cyber Sunday discounts, the Thomas & Friends Wooden Railway Gold Mine Mountain Set at half price, for $80.

Business

Black Friday: People visit mall for more than shopping

Last year the mall stayed open overnight, but it closed at midnight this year and reopened at 6 Friday morning. There was a continuous line of shoppers outside the Coach and Michael Kors outlet stores until 2 a.m., Elrod said. Campbell said her husband was a bit concerned about her shopping plans but hadn't tried to cut up her credit cards just yet. This year, it appeared that some mall-goers may have been filming fights in order to be featured on, say, the WorldStarHiphop site.