Business News

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.

Harley-Davidson Recalling 66,421 Motorcycles

Posted: 07/09/2014 - Harley-Davidson is recalling 66,421 Touring and CVO Touring motorcycles from the 2014 model year because their front wheels can lock up without warning.

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Economic News

  • 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.
  • 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.
  • An Online Real-Estate Giant Looms Large
    A possible merger of listing sites Zillow and Trulia could put the squeeze on brokers, some fear.
  • 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.
  • China Pressure Brings Jaguar Land Rover Price Cuts
    Jaguar Land Rover said it would cut prices on two Range Rover SUVs and a Jaguar sports car in China by an average of $32,000 in response to challenges by Chinese state media and the government.
  • 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.
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