Business News

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.

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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

  • Advertising's Frontier: Talk to the Bot
    Keywords: This month, Kik, a popular chat app among teens in the U.S., launched a feature that could be the future of advertising: people conversing directly with brands via bots.
  • 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 $800 Sneaker Plays Hard to Get
    The sudden appeal of Buscemi sneakers, a year-old shoe that costs $800 a pair, marks a new chapter in conspicuous consumption, fueled by social media, celebrities and purposefully tight supplies.
  • Oil's New Frontier: Wealthy Nations
    After decades focusing on less-developed nations, big oil companies are piling back into wealthy countries with political stability that provides more-predictable cash flow.
  • Dollar Stores to Merge in $8.5 Billion Deal
    Dollar Tree agreed to acquire Family Dollar in a cash-and-stock deal that values the struggling discount retailer at about $8.5 billion.
  • When It Comes to Office Work, You Can't Be Too Careful
    Safety awareness is serious business at workplaces such as construction sites, food manufacturing plants, mines and oil rigs. Now field-inspired safety protocols are migrating to the office, where hazards include dripping umbrellas and hot cups of coffee.
  • Hospira, Danone Unit in Talks
    Hospira has emerged as a bidder for Danone's medical-nutrition unit in a deal that could be worth about $5 billion and mark the latest in a flurry of so-called inversion deals.
  • Samsung Delays Tizen Phone Launch
    Samsung Electronics said it would postpone sales in Russia of a smartphone running a homegrown operating system called Tizen, dealing a fresh setback to its efforts to carve out a niche in mobile software and services.
  • Fox's Invitation to Time Warner
    21st Century Fox is prepared to offer shareholders of Time Warner board representation as part of its bid to acquire the media company, according to a person familiar with the matter.
  • Adani Gets Approval to Build Mine
    India's Adani Group has secured approval from Australia's government to build one of the world's largest coal mines, a move that comes amid investor concerns about a global supply glut of the commodity and a prolonged downturn in prices.
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