- BNP Paribas, France's largest bank, has pleaded guilty in New York to a federal charge of violating U.S. economic sanctions by processing transactions for clients in blacklisted countries.
- The Dow Jones industrial average topped 17,000 for the first time Thursday, the index's first big 1,000-point milestone this year, following news that hiring in the U.S. accelerated last month.
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.
Blame It on the Rain: Housing Starts Sink 9.3% U.S. home construction tumbled in June due to a stretch of wet weather in the South, a decline that analysts said was likely a temporary departure from a trend of recovery in the housing market.
Yellen Balks at Tying Rates to Formula Federal Reserve Chairwoman Janet Yellen pushed back against House Republicans' proposal to require the central bank to adopt a formal, mathematical rule to guide its interest-rate decisions.
Just Whose Job Is It to Train Workers? Hu-Friedy, a maker of dental instruments, is paying workers to leave for two years as part of a company apprenticeship program. What's happening there is a rare exception to corporate disinvestment in training.
Economists Dim Growth Views Forget about escape velocity. The U.S. economy in 2014 is likely to record another disappointing year of growth, according to the latest Wall Street Journal survey of economists.
US Business News
U.S. Seeks New Rules for Rail-Shipped Fuel The U.S. government wants to phase out thousands of railroad tank cars that carry crude oil and ethanol within two years, as part of proposed rules to upgrade safety for trains carrying flammable fuels.
Facebook Answers Critics With Mobile-Ad Surge Facebook reported that profit more than doubled and revenue topped estimates for the ninth straight quarter. About 62% of Facebook's ad revenue now comes from advertising on mobile devices.
Is It Over for Tablet Computers? As smartphone screens grow larger and laptop computers grow thinner and lighter, sales of the iPad are declining and growth slowing for rival Android tablets.
New Startup Airlines Crowd the Skies The U.S. airline industry's newfound health is breeding something not seen in years: a flock of startups. All share an optimism that they can defy the odds in an industry that has seen 77 bankruptcies in the 20 years.
A Game of Golf? Not for Many Millennials A drop in participation rates and disinterest among young people, particularly millennials, have sent the retail and sporting ends of the business scrambling for a new strategy.