Business News

Harley-Davidson Recalling 66,421 Motorcycles

Posted: 07/09/2014 - Harley-Davidson is recalling 66,421 Touring and CVO Touring motorcycles from the 2014 model year because their front wheels can lock up without warning.

Dow Tops 17,000 for First Time

Updated: 07/03/2014 - The Dow Jones industrial average topped 17,000 for the first time Thursday, the index's first big 1,000-point milestone this year, following news that hiring in the U.S. accelerated last month.

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Economic News

  • Spike in Gas Costs Pushes Up Inflation Gauge
    Consumer prices continued to rise in June but decelerated outside a spike in gasoline costs, a sign of firming—but not runaway—inflationary pressures that could ease pressure on Federal Reserve officials as they debate when to raise interest rates.
  • Hedge Funds Saved Billions in Tax: Senate
    Hedge funds used a tax avoidance technique offered by Wall Street banks for years to skirt federal leverage trading limits, with one well-known trading firm potentially saving $6.8 billion in U.S. taxes, Senate investigators claim.
  • EU Infrastructure Cutbacks Worry Economists
    Outlook: Hit by the recession, a number of European governments cut capital spending on transportation, housing, education and other areas, a move that some experts say will harm economic growth.
  • This Way Up: Mobility in America
    Essay: Economic mobility is alive and well for Americans who pursue technical or practical training. The U.S. economy's future could lie along the career paths of welders, nurses and franchise owners.
  • Blame It on the Rain: Housing Starts Sink 9.3%
    U.S. home construction tumbled in June due to a stretch of wet weather in the South, a decline that analysts said was likely a temporary departure from a trend of recovery in the housing market.
  • Yellen Balks at Tying Rates to Formula
    Federal Reserve Chairwoman Janet Yellen pushed back against House Republicans' proposal to require the central bank to adopt a formal, mathematical rule to guide its interest-rate decisions.
  • Just Whose Job Is It to Train Workers?
    Hu-Friedy, a maker of dental instruments, is paying workers to leave for two years as part of a company apprenticeship program. What's happening there is a rare exception to corporate disinvestment in training.
  • China Plays Big Role in U.S. Bond Rally
    Investors wrestling with the mysterious U.S. bond rally of 2014 got a clue about where to look: China.
  • Economists Dim Growth Views
    Forget about escape velocity. The U.S. economy in 2014 is likely to record another disappointing year of growth, according to the latest Wall Street Journal survey of economists.

US Business News

  • Apple Readies Bet on Big-Screen Phones
    Apple is preparing for its largest initial production run of iPhones this year, betting that 4.7- and 5.5-inch screens will lure consumers now attracted to similar phones from Samsung and others.
  • When CEOs and CFOs Share an Alma Mater
    More than two dozen of the largest U.S. companies have CEOs and CFOs who hail from the same alma mater, according to a Wall Street Journal review.
  • Venezuela's Car Culture Fades
    Production is drying up as big auto makers can't obtain dollars to pay parts suppliers and sky-high inflation turns older cars into investment vehicles.
  • Verizon's Profit Improves Sharply
    Verizon Communications got a significant boost in subscribers in the second quarter from customers buying tablets, helping reel in about 50% more customers than it gained in the same period last year.
  • Kurds Pin Future on Stealth Oil Sales
    Iraqi Kurdistan's recent efforts to sell its oil abroad, which Iraq has declared illegal, show the steep barriers Kurds face in becoming a legitimate player in international energy markets.
  • EU Prepares to Step Up Google Probes
    Antitrust regulators are preparing to step up their investigations into Google on several fronts, including revisiting a proposed settlement over its search-engine practices that has met with unprecedented opposition.
  • Mobile-Ad Spending Leaps
    Spending on mobile ads is expected to jump 83% this year, but given how much time Americans spend on their devices, mobile-ad spending could be much higher.
  • Coca-Cola's Earnings, Revenue Slide
    Coca-Cola's soda volumes bubbled up again in the second quarter, yet its profit and revenue slipped on weaker foreign currencies and higher marketing costs.
  • McDonald's Earnings Slip
    McDonald's said its profit for the second quarter fell 1% as the fast-food giant continues to struggle to connect with customers.
  • Soybean Shift Pressures DuPont
    Farmers' preference for planting soybeans over corn will continue to challenge DuPont Co., one of the world's largest sellers of high-tech seeds, executives said Tuesday.
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