Business News

Southwest Airlines Grounds 128 Planes

Updated: 02/25/2015 - Federal officials will let Southwest Airlines keep flying planes that missed a required inspection of a backup rudder system.

Sparks Tribune Sold

Posted: 02/23/2015 - A Nevada-based newspaper chain that owns publications in Ely and Mesquite has acquired the Sparks Tribune.

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Economic News

  • U.S. Growth Poised to Pick Up
    The U.S. economy returned to its sluggish trajectory late last year, though underlying signs of strength suggest growth will pick up in 2015.
  • In Job Islands, Work Is Plentiful but the Workers Are Not
    Many isolated pockets of the U.S., like Thief River Falls, Minn., have a surfeit of jobs. Such “job islands” are a telling aberration from a national workforce still weighed down by stagnant wages and other signs of slack.
  • U.S. Pending Home Sales Rose 1.7% in January
    A forward-looking gauge of U.S. home purchases rose in January to its highest level in nearly a year and a half, a sign of firming demand in the housing market.
  • End-of-February Consumer Sentiment Index Comes In at 95.4
    The final reading of a measure of February consumer optimism remained below its January level, according to data released Friday.
  • Gas's Drop Drives U.S. Into Deflation Territory
    A measure of U.S. consumer prices fell in January from a year earlier, marking the first annual decline in more than five years and potentially complicating the calculus for when the Federal Reserve will lift interest rates.
  • U.S. Jobless Claims Up to 313,000 Last Week
    The number of Americans seeking first-time unemployment benefits rose last week, but the broader trend suggests a steadily healing labor market.
  • Fed's Yellen Fends Off Charges of Partisan Tilt
    Federal Reserve Chairwoman Janet Yellen came under fire from Republican lawmakers who charged she had politicized the central bank, allegations she rejected in her most acrimonious congressional hearing in a year as Fed chief.
  • Durable-Goods Orders Rose in January
    Demand for big-ticket manufactured goods rebounded last month, suggesting the economic recovery remains on track while also hinting at sluggish business spending.
  • EU Urges French Budget Cuts
    European Union authorities said France must adopt significant additional budget-deficit cuts over the next three years to bring its government finances in line with EU rules.
  • Greece Wants Citizens to Pay Up
    The Greek government, scrambling to secure another tranche of funding, agreed to make tax collection a priority. But prodding its citizens to pay up has been one of the country’s most difficult challenges.

US Business News

  • Under Armour Foresees Electronic Clothing
    Athletic-gear maker Under Armour has been investing in fitness apps, while looking ahead to a time when clothes themselves become a means to track movement and biorhythms.
  • Movie-Ticket Sales Set for Banner Year
    Solid early returns for ‘American Sniper’ and ‘Fifty Shades of Grey’ and solid lineup of blockbusters like ‘Furious 7’ and a new ‘Star Wars’ have analysts predicting that 2015 will be a banner year for America’s cinemas.
  • Bombardier Completes First Flight of Key Jet
    Canadian jet maker Bombardier completed the first flight of a jet that it hopes will anchor its future as a commercial aircraft manufacturer and raised new cash to help carry out its programs.
  • Wages Rise at Restaurants as Labor Market Tightens
    Wage growth is breaking out in an unexpected corner of the U.S. economy: the nation’s restaurants and bars. Food-service employment has surged since the recession ended nearly six years ago, growing twice as fast as overall payrolls.
  • Airbus Boosts Output of Most Popular Plane
    Airbus is doubling down on its bet that lower oil prices and global economic uncertainties won’t dent demand for new jetliners, saying it is boosting the output of its most popular plane, the A320.
  • LetterOne, RWE to Close Dea Buy Monday
    Russian billionaire Mikhail Fridman’s investment fund is expected to close a $5.6 billion deal on Monday to acquire Dea, the oil and natural-gas arm of German utility RWE AG.
  • U.S. Presses China on Technology Rules
    U.S. officials and business groups are objecting to a draft Chinese antiterrorism law that they say will serve as a new way for Beijing to acquire proprietary information or nudge foreign technology companies out of the vast market.
  • RadioShack's Troubles Feed GameStop Growth Spurt
    GameStop is picking up about 163 RadioShack locations, boosting its Spring Mobile collection of AT&T cellphone sales outlets by about 50%.
  • Chinese Web Firms Delete Accounts
    Chinese Internet companies have deleted tens of thousands of user accounts as the country prepares to enforce new registration rules that will further cement government control over online discourse.
  • Monster Beverage Shares Hit High on Strong Overseas Growth
    Monster Beverage shares surged to a record after the energy drink maker reported strong overseas growth and investors bet on a further lift from Coca-Cola, which is preparing to take a minority stake.
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