Business News

Planned Protests Aimed At Fast Food Wage Increase

Posted: 2:51 PM - McDonald's, Wendy's and other fast-food restaurants are expected to be targeted with acts of civil disobedience that could lead to arrests Thursday as labor organizers escalate their campaign to unionize the industry's workers.

States Face High Stakes in Bid for Tesla Factory

Posted: 08/31/2014 - Tesla Motors has five states bidding to attract a $5 billion factory that will make batteries for a new generation of electric cars. The winner is expected to offer publicly financed incentives exceeding a half-billion dollars.

Burners Bring Business Back

Updated: 08/29/2014 - Burning of the man takes place Saturday night, August 30, 2014. And then, the mass exodus from Black Rock City begins. Typically, though, many burners won't just drive past the Reno-Sparks area on their way home.
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Obama to Raise Federal, Military Pay by 1 Percent

Posted: 08/29/2014 - President Barack Obama is offering civilian federal workers and members of the military a 1 percent pay increase in 2015, the same raise he offered last year citing efforts to keep government costs down during the economic recovery.

Local Restaurant Claims Construction Has Deterred Business

Updated: 08/27/2014 - If you're a commuter, there's no doubt that construction can be a major headache. Some businesses in the thick of it say they're the ones paying the price. The owner of Opa Café on Second Street says construction is ruining his business.
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More Business News

Economic News

  • Draghi Looks Ahead to a Turbulent Time
    The ECB chief thinks the euro zone's growth challenge is now so serious that it needs to act more like a political union, but that puts him on a collision course with Berlin.
  • Food-Stamp Use Starting to Fall
    After soaring in the years since the recession, use of food stamps, one of the federal government's biggest social-welfare programs, is beginning to decline.
  • Fear Stirred for Hong Kong as Finance Hub
    Beijing is pressing unpopular changes to Hong Kong's election laws that some say threaten to undermine the pillars that have made the city a commercial success at the doorstep of the world's second-biggest economy.
  • Euro-Zone Manufacturing Slows
    Italy has joined France in contraction, while German factories had their most sluggish month since September last year. By contrast, activity in Greece expanded, while Ireland's factories had their strongest month since late 1999.
  • BOJ May Be Reluctant to Affirm Positive Economic Cycle
    When Bank of Japan Gov. Haruhiko Kuroda speaks at a two-day policy meeting starting Wednesday, economists say he may be wary of stating that a positive economic cycle is firmly in place in Japan.
  • Thai Inflation Continues to Ease
    Thailand's consumer prices eased for the third consecutive month in August, leading some economists to predict the central bank will keep its interest rate unchanged at least for the rest of the year.
  • Inflation Pressure Eases, Letting Fed Focus on Jobs
    Inflation pressures have eased after a brief run-up this spring, giving the Federal Reserve more latitude to focus on bringing down high unemployment.
  • U.S. Consumer Spending Declines
    Household spending fell in July, a sign that cautious consumers could hold back economic growth in the second half of the year.
  • Atlantic City's Big Bet on Gambling Sours
    The sudden closing of Atlantic City's two-year-old Revel casino hotel, plus two other casinos shutting their doors in the next few weeks, marks the end of the New Jersey city's decades-long reliance on gambling to stay afloat.

US Business News

  • Are Consumers Ready to Spend Again?
    Back to Work: Despite an improving U.S. economy, the retail industry—tied more closely to consumer spending than any other—is struggling.
  • Iliad Weighs New T-Mobile US Bid
    French telecom company Iliad said it is in talks with several potential partners to file a new bid for control of U.S. operator T-Mobile US.
  • Obama Renews Call to Increase Pay Floor
    The White House and union leaders used the Labor Day weekend to reinvigorate efforts to raise the minimum wage.
  • Fear Stirred for Hong Kong as Finance Hub
    Beijing is pressing unpopular changes to Hong Kong's election laws that some say threaten to undermine the pillars that have made the city a commercial success at the doorstep of the world's second-biggest economy.
  • EU Questionnaire Probes Facebook, WhatsApp Deal
    European Union antitrust officials have sent a detailed questionnaire to competitors and customers of Facebook and messaging service WhatsApp as they probe the proposed $19 billion deal.
  • Brazil's OSX in Talks With Creditors to File New Recovery Plan
    OSX Brasil SA's chief financial officer says the shipbuilder intends to file a new rescue plan before mid-September while it still has protection from creditors' claims.
  • Luxottica CEO Steps Down
    Luxottica Group SpA, the world's largest eyewear maker, said Andrea Guerra had stepped down as chief executive, as expected, after almost 10 years.
  • New Codelco CEO to Study Expansion Plans
    Nelson Pizarro on Monday took over the helm of Corporación Nacional del Cobre de Chile and promised to take a close look at the company's ambitious expansion plans.
  • Tech's Young Guns Embrace Old Ways
    Business-software startups love to criticize the establishment, but they also enjoy borrowing from the old timers' playbook.That strategy will be on show at BoxWorks, the annual gathering for customers and allies of Box.
  • Business in China Gets More Perilous
    The troubles for U.S.-based food processor OSI are a lesson in the perils faced by foreign companies in China, when operations are under unprecedented scrutiny and negative publicity can destroy a business almost overnight.
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