Business News

Safety Deadline To Soon For Rail Industry

Posted: 04/16/2014 - The freight railroad industry says only one-fifth of its track will be equipped with mandatory safety technology to prevent most collisions and derailments by the deadline set by Congress.

Avoid Common Errors When Filing Tax Return

Updated: 04/13/2014 - Remember, April 15, 2014 is the deadline for filing your tax return. Before filing your tax return, you should check to make sure it doesn't contain any errors. The IRS provides the following tips to help you avoid some common errors.

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Economic News

  • Towns Taxed by More Homes, Fewer Stores
    As builders pivot from commercial to residential development, municipalities in many Western states face a problem: a drop in sales-tax receipts and higher costs.
  • Economist Honored for Work on Media Slant
    An economist known for pioneering work on slanted coverage in the news media won the John Bates Clark Medal, one of the profession's most prestigious honors.
  • U.S. Jobless Claims Rise Slightly
    The number of Americans filing new claims for unemployment benefits rose slightly last week but remained near a seven-year low, a sign of a strengthening labor market.
  • Tax Refunds May Fuel Retail Windfall
    Ahead of the Tape: Nearly 80% of the tax returns processed through April 4 resulted in a refund averaging $2,792. That bodes well for the nation's retailers in the months ahead.
  • Yellen Stakes Out a Flexible Policy Path
    Federal Reserve Chairwoman Janet Yellen left markets comforted and reassured about continued low interest rates after a speech that emphasized her focus on low inflation and economic slack.
  • Economy Thawing, Survey Finds
    The economy strengthened across a broad swath of the country in recent weeks, according to the Fed's "beige book" of regional conditions, further evidence of the recovery springing back to life after a winter lull.
  • Banks Ramp Up Business Lending
    Banks are boosting their lending to businesses, providing fuel for companies to increase spending on workers and equipment as the economy improves.
  • BofA in Settlement Talks Over Mortgage Securities
    Bank of America is engaged in multibillion-dollar settlement talks with the Justice Department to end investigations into shoddy residential mortgage backed securities.
  • Citi Received Mixed Signals on 'Stress Test'
    The Federal Reserve's New York office indicated to Citigroup that the bank would have more time to fix certain "stress test" planning problems before Fed officials in Washington last month gave it a failing grade.
  • China Growth Slows to 7.4%
    China's GDP growth slipped in the first quarter to its slowest level in 18 months as the world's second-largest economy continued to downshift.

US Business News

  • What's Barnes & Noble's Survival Plan?
    For Barnes & Noble, a shrinking market for print books, competition from Amazon and the costs of investing in its own e-reader and tablets has made the future uncertain for the retailer as it looks for additional revenue sources.
  • GE to Sell More Businesses
    General Electric Co. is planning to sell off more pieces of its sprawling conglomerate this year as Chief Executive Jeff Immelt seeks to improve the profitability of the overall industrial operations.
  • Wal-Mart Dives Deeper in Banking
    Wal-Mart is trying to shake up the money transfer industry with a new service that undercuts Western Union and MoneyGram with lower and simplified fees.
  • Gillette's New Weapon in Razor Arms Race
    P&G is preparing to roll out its latest weapon in the fight for men's faces—a razor featuring a swiveling ball-hinge that allows the blade to pivot and comes with a high-end price.
  • American Securities Puts Prison-Phone Operator GTL on Block
    Global Tel*Link, the largest U.S. operator of prison phones, is being shopped by its private-equity owner, a move that follows a decision by federal regulators to cap the fees companies can charge for interstate inmate calls.
  • Chobani Plans New Yogurt Products
    Chobani plans to launch an array of Greek yogurt products this year, including desserts and dips, as the company pushes "beyond breakfast."
  • Grid-Attack Response Ignites Critics
    Regulations drafted to prevent a repeat of last year's attack on California substation are too loose to stop saboteurs, critics say.
  • Concert Bookers Become Stars as Albums Fade
    As musicians play more live shows to make up for diminished album sales, booking agents are moving into the spotlight—and earning more. New duties include creating offbeat venues, events and stunts that will help an artist stand out, especially as record companies do less.
  • McDonald's to Give China Restaurants a Makeover
    McDonald's is aiming to beef up its image in China with an overhaul of some restaurants in big cities and commercials featuring basketball star LeBron James.
  • Chipotle to Raise Prices
    Chipotle Mexican Grill said it will raise prices as food costs cut deeper into its profit—though the restaurant chain posted first-quarter income that improved 8.5% amid higher traffic.
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