- The government is proposing a $12 million civil fine against Southwest Airlines for failing to comply in three separate cases with safety regulations related to repairs on Boeing 737 jetliners.
- FedEx Corp., the latest shipper to be accused in a federal probe involving illegal online pharmacies, says it will fight the charges that it knowingly shipped drugs to people who lack valid prescriptions.
U.S. Durable Orders Rebound in June Orders for big-ticket manufactured goods rebounded in June, a sign that capital investment by businesses could boost U.S. economic growth heading into the second half of the year. But shipments of core capital goods fell, prompting some economists to trim their forecasts of second-quarter growth.
New-Home Slowdown Pressures Recovery Demand for new homes slowed sharply during the first half, a development that threatens to reverberate beyond the housing market and throughout the broader economy.
Truce Brokers Consider How to Aid Gaza As the U.S. and its allies press for a halt to fighting in Gaza, they face a vexing question: how to rebuild the Palestinian territory and open its borders without posing a threat to Israel's security.
IMF Cuts U.S. 2014 Growth Forecast to 1.7% The International Monetary Fund revised its growth outlook for the U.S. economy for the second time in two months after a first-quarter contraction turned out to be worse than the fund originally forecast.
Gasoline Costs Lift Inflation Gauge U.S. consumer inflation continued to stiffen last month but largely decelerated outside a jump in gasoline prices, and food costs in particular slowed after surging in recent months.
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.
US Business News
Electric Utilities Get No Jolt Electricity sales look anemic for the seventh year in a row, despite Americans' growing use of gadgets and an improving unemployment rate.
BP Warns on Russia Sanctions BP reported a rise in second-quarter profit, boosted by its investment in Russian energy group Rosneft, but warned that further economic sanctions on Russia could adversely impact its business.
In Zillow-Trulia Deal, Making Room for Brokers Zillow Inc. and Trulia Inc., the two online real-estate giants that announced plans to merge, have a message for real-estate agents that have grown increasingly concerned about their market clout: We're partners.
Darden Chief to Depart in Shake-Up Darden Restaurants shook up its leadership, announcing the departure of Chairman and Chief Executive Clarence Otis and opening the door for activist investors to gain some board seats.
U.S. to Push Some Iran Shipments In recent weeks, U.S. officials have been reaching out to a handful of European companies and asking them to expedite the sale of medical goods to Iran, a market they were struggling to gain access to months ago.
Money, Politics Stir Argentine Intrigue Money-laundering allegations against Argentine construction baron Lázaro Báez are focusing attention on the wealth of President Cristina Kirchner and her late husband Néstor.
Orange Helped by Cost Cuts France's Orange said cost savings continued to help offset declining revenue in some of its biggest markets in the first half.
'Ramadan Rush' Gives U.K. Retail a Lift High-end stores in London have long sold gifts to well-heeled Muslim tourists for the holy month of Ramadan, but more middle-market outlets are beginning to feel the effect as well.
Roche Leukemia Treatment Approved Roche said that the European Commission has approved its Gazyvaro treatment for chronic lymphocytic leukemia, the most common form of the disease.