Business News

More Business News

Economic News

  • Euro's Drop Puts U.S. Economy to the Test
    The ECB’s program to buy bonds—and the resulting fall in the euro—means the U.S. must deal with a strengthening dollar that will make American goods more expensive abroad and could slow U.S. growth.
  • Dual Oil Benchmarks; Dueling Stories
    The Numbers: The benchmarks for global oil prices—West Texas Intermediate and Brent crude—measure different things and don’t always line up. Columnist Jo Craven McGinty explains what it all means.
  • Existing-Home Sales Rebound a Bit
    Sales of previously owned homes rebounded somewhat in December, a solid end to a largely lackluster year for the U.S. housing market.
  • ECB Stimulus Ushers In New Era for Europe
    The ECB launched an aggressive bond-buying program in a plan to flood the eurozone with more than $1 trillion in newly created money.
  • Gasoline Heads to $2, Breaking Records Along the Way
    Gas prices appear headed below a nationwide average of $2 a gallon in coming days, and the rapid plunge is beginning to ripple through the U.S. economy in ways both familiar and unpredictable.
  • EU Nears Deal to Reinforce Sanctions
    The European Union is on the brink of approving a major change to the bloc’s legal rules that would shore up the region’s sanctions regime against Iran, Syria and Russia.
  • Summers: U.S. Faces Growth Challenge
    The U.S. economy still faces serious challenges in restoring robust long-term growth, despite the recent pickup in economic activity, former Treasury Secretary Lawrence Summers said.
  • ECB Action Ripples Across Region
    Denmark’s central bank cut its main interest rate 90 minutes after the European Central Bank’s announcement in a move underscoring how swiftly the ECB stimulus plan is likely to ripple across the region.
  • U.S. Jobless Claims Flash Some Warning Signs
    The number of Americans filing new claims for jobless benefits fell last week but remained near a seven-month high, raising a concern that momentum in the jobs market could be easing early in the year. Seasonal layoffs could be a factor.
  • Renewed Greek Tensions Highlight Europe's Challenge
    Greece, the eurozone’s most troubled economy, remains tethered to an unforgiving bailout machinery, built at Berlin’s behest.

US Business News

  • Behind 'American Sniper,' Some Legal Sniping
    ‘American Sniper,’ based on the life of ex-Navy SEAL Chris Kyle, has brought in more than $130 million in ticket sales. But the SWAT team training business that he founded after leaving the military is preparing to shut down.
  • SkyMall Files for Bankruptcy
    The owner of SkyMall, the in-flight catalog that sells unusual gadgets and other oddities, filed for bankruptcy protection, crippled by new rules and technology that let airline passengers keep their smartphones powered up during flight.
  • Box's Stock Surges in Debut
    Shares of Box surged 66% in their market debut on Friday, a sign of strong demand for a company that has spent the past several months being lambasted for an outsize marketing budget and unclear path to profitability.
  • BAE Offers to Build Howitzers in India
    BAE Systems has offered to build a howitzer factory in India to close a deal valued at more than $800 million after years of stalled talks left it shuttering plants in the U.S. and the U.K. that were supposed to produce the artillery.
  • Exxon Fined $1.05 Million for 2011 Yellowstone Pipeline Break
    Exxon Mobil Corp. must pay a $1.05 million penalty for safety violations related to a 2011 pipeline break under Montana’s Yellowstone River, federal regulators said.
  • UPS Didn't Have a Happy Holiday
    United Parcel Service Inc. delivered holiday packages on time this season, but expensive holiday preparations added $200 million in unexpected costs.
  • Viacom CEO Earns $44.3 Million for Year
    Viacom’s Chief Executive Philippe Dauman earned $44.3 million in total compensation in the fiscal year ended Sept. 30, a 19.2% raise from the previous year.
  • Mechanics Union Sues American Airlines
    A unit of a major mechanics union at American Airlines Group Inc. has filed a lawsuit alleging that managers pressured members to breach federal rules on aircraft maintenance, prompting an FAA investigation.
  • Digital-Music Services Face Another Oldies Challenge
    The owner of recordings by Hot Tuna, New Riders of the Purple Sage and the Flying Burrito Brothers filed lawsuits Thursday against several online music service operators including Apple, Google and Sony for using songs recorded before 1972 without permission.
  • GE to Feel Oil Drop's Effect
    General Electric’s oil-and-gas business managed to blunt the hit from plunging prices of crude but the company is braced for deepening trouble in the year ahead.
KOLO-TV 4850 Ampere Drive Reno, NV 89502
Copyright © 2002-2015 - Designed by Gray Digital Media - Powered by Clickability
Gray Television, Inc.