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.

More Business News

Economic News

  • 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 six years ago.
  • 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.
  • Fed Officials Beat Rate-Hike Drum
    Federal Reserve officials fanned out to drive home the message that they are likely to start raising short-term interest rates later this year, reinforcing Chairwoman Janet Yellen’s remarks to Congress during this past week.
  • 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.

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 six years ago.
  • Airbus Boosts Output of 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.
  • 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.
  • Sprint, Best Buy to Offer Wireless Phone Plan
    Sprint will offer a wireless phone plan only available at Best Buy that the companies say provides a ‘more simplified way’ to buy phone service.
  • World Telecom Meet to Focus on Regulation
    When telecom and tech leaders convene in Barcelona for Mobile World Congress this coming week, one topic will rise above the rest: regulation.
  • Guinness to Rejoin New York's St. Patrick's Day Parade
    Guinness has decided to resume sponsorship of the St. Patrick’s Day Parade on Fifth Avenue after dropping out last year, sparking criticism from gay activists who want a broad boycott because of what they call the organizers’ discriminatory policies.
  • 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.
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