Business News

US Jobless Aid Applications Rise to 283K

Posted: 5:49 AM - The number of people applying for U.S. unemployment benefits rose last week after falling to a 14-year low the previous week. Despite the increase, weekly applications remain at historically low levels that suggest hiring is gaining steam.

J&J to Spend $200M on Ebola Program

Posted: 10/22/2014 - Johnson & Johnson will start safety testing in early January on a vaccine combination that could protect people from a strain of the deadly Ebola virus.

Businesses Fear Margin Tax

Posted: 10/21/2014 - Ahead of the election, businesses are warning about the dangers of Question 3.
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Michigan Governor Aims To Alienate Tesla

Updated: 10/21/2014 - Gov. Rick Snyder has signed into law tighter restrictions to prohibit electric car maker Tesla Motors from selling vehicles in Michigan.

What You Need to Know About Apple Pay

Posted: 10/21/2014 - If you have an iPhone 6 or 6+, shopping just got a lot easier. Starting Monday, you can start using Apple Pay at more than 220,000 stores nationwide.
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Economic News

  • Low Inflation, Flatter COLA: Social Security Benefits to Get 1.7% Bump
    Tens of millions of elderly and disabled Americans will see a small bump in their Social Security payments next year, another reflection of a sluggish economic recovery that has kept inflation low.
  • U.S. Jobless Claims Remain Near 14-Year Lows
    The number of new claims for jobless benefits rose last week but remained near 14-year lows, the latest sign of an improving labor market.
  • Russian Economy Stalls
    Russia’s economy—battered by Western sanctions and falling prices for oil, its main export—stalled in September even as inflation hit the highest levels in months, data showed Wednesday.
  • U.S. Agencies Approve Relaxed Mortgage-Lending Rules
    Three U.S. agencies signed off on relaxed mortgage-lending rules, helping complete a long-stalled provision of the 2010 Dodd-Frank financial law.
  • Despite Riches, Venezuela Starts Food Rationing
    The government in Caracas rolls out fingerprint scanners to limit purchases of basic goods, infuriating consumers, amid a shortage of products.
  • Global Growth Woes Threaten to Beset U.S. Economy
    Another bout of weakening global growth is buffeting a U.S. economy that has faced five years of uneven growth, raising a crucial question: Can the U.S. pull the rest of the world through a slow patch or will sluggish global growth hobble the recovery?
  • China's Slowdown Raises Pressure on Beijing
    Analysis: China’s economic slowdown is widely expected to continue into next year, increasing pressure on Beijing to take more powerful measures to spur growth.
  • China Growth Slowest in Five Years
    China’s economy grew at its slowest pace for five years in the third quarter, suggesting the government’s targeted easing measures to boost economic growth haven’t yielded expected results.
  • U.S. to Expand Student Loan Access
    The federal government will expand access to student loans to more Americans with poor credit histories under new rules to be announced by the Obama administration Wednesday.

US Business News

  • Tesco Chairman to Step Down
    Tesco said Chairman Richard Broadbent would step down as it revealed the accounting practices that led to an overstatement of its profit had occurred in prior periods as well.
  • Air Bag Recalls Trigger New Scrutiny
    A suddenly expanded recall of air bags is turning into a new safety crisis for the auto industry and intensifying scrutiny of U.S. regulators’ ability to oversee auto makers and their suppliers.
  • Clouds Darken for Some Blue Chips
    Several blue-chip companies have posted poor growth as their once-reliable formulas for success left them too big to switch tack quickly when market conditions changed.
  • U.S. Auto Sales Fuel GM Earnings
    General Motors reported a 14% drop in its third-quarter profit but beat analyst expectations as strength in North America offset weaker results in other regions of the world.
  • Daimler Profit Soars
    German auto maker Daimler reported a sharp increase in third-quarter earnings on strong demand for its flagship S-class sedans and robust growth in Europe, Asia and the U.S.
  • Coke Taps New Marketing Chief
    Coca-Cola is replacing its chief marketing officer with a veteran company insider, the latest bid by the world’s largest beverage maker to revive flagging sales.
  • Free Shipping Is Going to Cost You More
    Retailers including Amazon, Best Buy and Gap are boosting the amount online shoppers must spend to qualify for free shipping, hoping to cover the growing cost of providing the perk.
  • Airlines Post Strong Profits, Offer Bullish Outlooks
    Several U.S. airlines posted stronger third-quarter profits and expressed bullish sentiments for the fourth quarter, based on falling fuel prices, strong holiday bookings, domestic capacity discipline and a slight easing of Ebola jitters.
  • Caterpillar Raises Profit Outlook
    Caterpillar posted stronger-than-expected results for its third quarter as the heavy-machinery maker said restructuring and cost controls paid off in a tough economic environment.
  • Why You Can't Trust You're Getting the Best Deal Online
    A new study of top e-commerce sites found the practice of personalizing prices for the same goods, or pushing some people toward higher-priced offers, is more widespread than previously understood.
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