Business News

Southwest Airlines Grounds 128 Planes

Updated: 02/25/2015 - Federal officials will let Southwest Airlines keep flying planes that missed a required inspection of a backup rudder system.

Sparks Tribune Sold

Posted: 02/23/2015 - A Nevada-based newspaper chain that owns publications in Ely and Mesquite has acquired the Sparks Tribune.

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Economic News

  • Wages Rise at Restaurants as Labor Market Tightens
    Wage growth is breaking out in an unexpected corner of the U.S. economy: the nation’s restaurants and bars. Food-service employment has surged since the recession ended six years ago.
  • U.S. Growth Poised to Pick Up
    The U.S. economy returned to its sluggish trajectory late last year, though underlying signs of strength suggest growth will pick up in 2015.
  • Fed Officials Beat Rate-Hike Drum
    Federal Reserve officials fanned out to drive home the message that they are likely to start raising short-term interest rates later this year, reinforcing Chairwoman Janet Yellen’s remarks to Congress during this past week.
  • In Job Islands, Work Is Plentiful but the Workers Are Not
    Many isolated pockets of the U.S., like Thief River Falls, Minn., have a surfeit of jobs. Such “job islands” are a telling aberration from a national workforce still weighed down by stagnant wages and other signs of slack.
  • U.S. Pending Home Sales Rose 1.7% in January
    A forward-looking gauge of U.S. home purchases rose in January to its highest level in nearly a year and a half, a sign of firming demand in the housing market.
  • End-of-February Consumer Sentiment Index Comes In at 95.4
    The final reading of a measure of February consumer optimism remained below its January level, according to data released Friday.
  • Gas's Drop Drives U.S. Into Deflation Territory
    A measure of U.S. consumer prices fell in January from a year earlier, marking the first annual decline in more than five years and potentially complicating the calculus for when the Federal Reserve will lift interest rates.
  • U.S. Jobless Claims Up to 313,000 Last Week
    The number of Americans seeking first-time unemployment benefits rose last week, but the broader trend suggests a steadily healing labor market.

US Business News

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