NEW YORK, NY (CNN) - CNN Money's Maribel Aber has the latest business and financial news for Wednesday, June 25.
A surprising victim has emerged in the fraud case against Jim Bolt of Rogers: Arvest Bank. The Fayetteville-chartered bank had to make good on a guarantee it issued when Bolt fraudulently claimed $1.9 million in assets held as unclaimed by the state of California, testimony in federal court revealed Monday.
AT&T and DirecTV's chief executives rushed up to Capitol Hill Tuesday to sell their proposed $48.5 billion merger, contending that it would expand bundled pay-TV and Internet options for more customers and keep the companies competitive in the rapidly evolving business.
Gap Inc. (GPS)'s pay pledge has gotten the attention of job seekers. After announcing plans in February to increase hourly wages to $10 by 2015, employment applications at the Gap and Old Navy chains have surged by at least 10 percent from a year earlier, the San Francisco-based company said yesterday.
One of the biggest beneficiaries of Americans' newfound love of soccer is Buffalo Wild Wings. Americans are picking up beers and wings to watch football -- the World Cup kind. And unlike the Super Bowl, the World Cup goes on for a month, providing lots of opportunities for sports fans to buy cheap wings.