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.
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.
US Business News
Fox Bolsters Cash With BSkyB Deal British Sky Broadcasting Group said it agreed to buy all of Sky Italia and most of Sky Deutschland from Rupert Murdoch's 21st Century Fox, for more than $9 billion.
Storm Clouds Over Amazon Business New and deep-pocketed rivals threaten to squeeze profit margins in Amazon.com's cloud computing business, adding to investor concerns about the Seattle company's profitability.
There's No Flying in Drone School With a coming boom expected in the unmanned-aircraft industry, universities and colleges are scrambling to train pilots. But thanks to government rules, they can't actually get the devices off the ground.
Health-Law Patients Boost Hospital Profits A wave of newly insured patients helped boost hospitals' earnings, a sign the health law's coverage expansion is leading more patients to seek treatment. Universal Health Services' revenue rose 10% and LifePoint Hospitals profits rose 44%.
NHTSA Reviews Chevy Impala Glitch The National Highway Traffic Safety Administration, acting out of "an abundance of caution," is conducting a limited review into some Chevrolet Impala models over a possible software glitch that can disable air bags.
FBI Interviews Glaxo Employees FBI agents have been interviewing current and former Glaxo employees in connection with bribery allegations made against the company in China, as fresh claims of corruption surface against Glaxo's operations in Syria.
Russia Hauls McDonald's to Court The regulator seeks to ban some of McDonald's most popular products, alleging violations of safety codes which the U.S. company denies.
Destination Maternity Drops Bid for Mothercare Maternity-apparel retailer Destination Maternity Corp. dropped its bid to buy U.K.'s Mothercare PLC in what would have been the first U.S. retail chain to try using a controversial tactic to reincorporate overseas to lower its tax bill.