Business News

Ford Raising Prices On New F-150

Updated: 07/28/2014 - Ford is raising the price of its new aluminum-sided pickup truck, but still trying to stay competitive with rivals.

Judge OKs Record-Setting $2B Sale Of Clippers

Updated: 07/28/2014 - A judge has ruled against Los Angeles Clippers owner Donald Sterling and cleared the way for the $2 billion sale of the team to ex-Microsoft CEO Steve Ballmer.

Southwest Air Facing $12 Million Fine

Posted: 07/28/2014 - 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 To Challenge Online Pharmacies Debate

Posted: 07/26/2014 - 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.

Nearly 500 Golf Professionals Lose Jobs

Posted: 07/24/2014 - The Dick's Sporting Goods chain has laid off 478 Professional Golfers' Association teaching pros months after the company reported that sales of golf gear are dwindling.

More Business News

Economic News

  • U.S. Pending Home Sales Slip
    The number of contracts signed to buy previously-owned homes slipped in June, a sign the housing recovery remains choppy despite a retreat in interest rates.
  • Federal Reserve's Rate Debate Looks Set to Heat Up
    Federal Reserve officials will likely move closer to ending their purchases of mortgage and Treasury bonds at a policy meeting next week and discuss when and how to raise interest rates.
  • 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.
  • U.S. Existing-Home Sales Hit Highest Level Since October
    A broad measure of U.S. home sales climbed for the third consecutive month in June, a sign the housing market is gaining steam after a monthslong slump.
  • 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.
  • Meet Some of the SEC's Whistleblowers
    More than 6,500 people have now offered confidential information under the whistleblower program of the Securities and Exchange Commission.
  • 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.
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