Business News

US Wage Growth Falls to Record Slow Pace

Posted: 07/31/2015 - U.S. wages and benefits grew in the spring at the slowest pace in 27 years, stark evidence that stronger hiring hasn't boosted pay. The slowdown also reflects a sharp drop-off in bonus and incentive pay.

NV Energy To Pay Part Of $4.3M To Settle Lawsuit

Posted: 07/30/2015 - Operators of a coal-fired power plant outside Las Vegas are agreeing to pay $4.3 million to settle a lawsuit and clean up contamination that neighboring Native Americans blame for health problems and water pollution.

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US Business News

  • Auto Makers Post Strong U.S. Sales
    U.S. auto sales continued their strong pace in July as the appetite for trucks and sport-utility vehicles overcame the fading popularity of fuel-efficient cars.
  • Middle East Refinery-Expansion Plans Hit Snags
    Middle Eastern countries are experiencing setbacks in plans to expand their oil-refining capacity, dealing a blow to efforts to address an expensive irony: petroleum-rich nations importing products such as gasoline.
  • Companies Sour on Delaware as Corporate Haven
    The most popular state for corporate registrations now has challengers who say it doesn’t offer enough protections against shareholder lawsuits.
  • China Proposes to Keep Online Payments in Check
    China is moving to regulate the previously freewheeling world of Internet payments, an initiative that some critics warn could stifle development in one of the most innovative sectors of the economy.
  • BMW, Daimler and Audi to Buy Nokia's Maps Business
    Germany’s biggest auto makers have clinched a deal to buy Nokia’s digital mapping business, beating out rival bidders for some of the vital technology for self-driving cars in a $3.1 billion acquisition.
  • U.S. Consumer Spending Up 0.2% in June
    Americans curbed their spending increases in June, a sign that weak wage growth might be weighing on consumers.
  • U.S. Manufacturers Expand at Slower Pace in July
    U.S. manufacturers expanded at a slower pace in July, according to a survey released Monday by the Institute for Supply Management, the latest signs of tepid growth in the sector.
  • Aid's Role in Rising Tuition Gains Credence
    More economists believe the federal government’s loose standards for student loans are fueling a vicious cycle of higher college tuition prices, similar to what some say happened with the housing bubble.
  • Crumbling Roads Put a Dent in Drivers' Wallets
    The deteriorating state of the nation’s highways is adding to auto maintenance costs across the country.
  • Eurozone Survey Shows Collapse in Greek Output
    Uncertainty over the country’s future relationship with the eurozone sent Greek manufacturing into a tailspin in July, but that had little impact on other parts of the currency area’s economy, as Italian factories had their best month in more than four years.
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