Business News

US Wage Growth Falls to Record Slow Pace

Posted: 07/31/2015 - U.S. wages and benefits grew in the spring at the slowest pace in 27 years, stark evidence that stronger hiring hasn't boosted pay. The slowdown also reflects a sharp drop-off in bonus and incentive pay.

NV Energy To Pay Part Of $4.3M To Settle Lawsuit

Posted: 07/30/2015 - Operators of a coal-fired power plant outside Las Vegas are agreeing to pay $4.3 million to settle a lawsuit and clean up contamination that neighboring Native Americans blame for health problems and water pollution.

Bankruptcy Court Denies Caesars Appeal

Posted: 07/30/2015 - A bankruptcy court that ruled lawsuits against Caesars Entertainment Corp. would not be halted as the company's debt-heavy subsidiary attempts to emerge from Chapter 11 has also denied the casino company's effort to fast-track an appeal of the decision to a higher court.

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US Business News

  • Ice-Cream Recall Sends Chill Through Food Industry
    As Blue Bell Creameries prepares to resume production of its ice cream after a sweeping recall, its mistakes are fueling broader rethinking of how to keep ice cream and other foods free of deadly bacteria.
  • Pacific Trade Talks End With No Deal
    High-level efforts to complete a major Pacific trade agreement ended without resolution amid deep differences over trade in dairy and other products.
  • Uber Crosses $50 Billion Valuation
    Uber has completed a new round of funding that values the five-year-old ride-hailing company at close to $51 billion, reaching the mark faster than Facebook did.
  • UPS to Buy Coyote Logistics for $1.8 Billion
    UPS said it agreed to buy shipping-services provider Coyote Logistics for $1.8 billion as delivery giants seek new ways to grow in a rapidly changing global economic and technological environment.
  • Pain Worsens for Oil Giants
    Exxon Mobil and Chevron reported their worst profits from pumping oil and natural gas in more than a decade as low crude prices lopped off billions of dollars from their quarterly haul.
  • Aid's Role in Rising Tuition Gains Credence
    More economists, joined most recently by a team from the New York Fed, believe the federal government’s loose standards for student loans are fueling a vicious cycle of higher college tuition prices, similar to what some say happened with the housing bubble.
  • Crumbling Roads Put a Dent in Drivers' Wallets
    The deteriorating state of the nation’s highways is adding to auto maintenance costs across the country.
  • Fed's Bullard: 'In Good Shape' to Raise Rates in September
    Federal Reserve Bank of St. Louis President James Bullard says economic data seen since central bankers gathered this week are bolstering the case for raising short-term rates when officials meet in September.
  • U.S. Labor Costs Rise at Slowest Pace in Three Decades
    U.S. labor costs rose at the slowest pace in at least three decades in the spring, a sign of persistently sluggish wage growth that could weigh on the Federal Reserve’s decision to raise short-term interest rates.
  • 'Mission: Impossible' Speeds to No. 1
    “Mission: Impossible—Rogue Nation” opened in first place at the box office with an estimated $56 million, a terrific boost for the spy series and its star, Tom Cruise. Audiences, however, didn’t go with “Vacation,” the latest National Lampoon installment.
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