- Nevada gambling regulators are calling the bankruptcy of Caesars Entertainment Corp.'s debt-heavy subsidiary an embarrassment and lamenting the company's inability to pay 63 former executives some $33 million in promised pension payments.
Fed's Yellen Pitches Cautious Tack on Rate Increases Federal Reserve Chairwoman Janet Yellen laid out a case for a “gradualist approach” to interest-rate increases in the years ahead, spelling out in greater detail than she has before the risks of moving too aggressively to tighten U.S. credit.
White House Stays Course on Homeownership Push Officials at the White House and U.S. Department of Housing and Urban Development are close to tapping Edward Golding, a senior adviser at HUD, to lead the Federal Housing Administration.
India's Jaitley Asks for Patience Indian Finance Minister Arun Jaitley has a simple message for critics pushing for deeper change in the economic policies of the world’s largest democracy: It’s coming, be patient.
U.S. Jobless Claims Fall The number of Americans seeking first-time unemployment benefits fell last week, the latest sign of an improving labor market.
Dynamic Scoring: A Potential Super Model Capital Account: Chief economics commentator Greg Ip says estimating the costs of policy using dynamic scoring shouldn’t be feared if the estimates and assumptions are transparent and rigorous.
Wabash Shows Another Side of the Economic Divide Employment in the small Rust Belt city fell nearly 15% during the recession and remains off by 10%. The situation could be worse were it not for local leaders who saw that the Indiana community’s survival depended on it being more like cities that are drawing residents away.
Inflation, New-Home Sales Look Solid A pickup in consumer prices and higher demand for new homes point to a firming in two areas of recent concern for the economy, potentially reassuring the Federal Reserve as it considers raising interest rates later this year.
US Business News
U.S. Coding Website GitHub Hit With Cyberattack A popular U.S. coding website is enduring an onslaught of Internet traffic meant for China’s most popular search engine, in an episode that security experts say represents a likely attempt by China to shut down anticensorship tools.
Greece Gives Details on Port Sale Greece has told creditors it expects to raise at least $545 million from the privatization of the Piraeus port, according to Greek officials.
Holcim Shareholder Opposes Lafarge Deal Eurocement Holding, the second-largest shareholder in cement company Holcim, plans to vote against the Swiss company’s union with Lafarge unless the financial terms of the deal are altered, according to a person familiar with situation.
Aabar, Arabtec Consider More Investments in Egypt Abu Dhabi investment firm Aabar and U.A.E. construction company Arabtec are looking to step up their investments in Egypt, the chairman of both entities said, underscoring the deepening ties between the two countries.
ChemChina Won't Rule Out Pumping Up Pirelli Offer The Chinese chemical company behind a bid to buy tire maker Pirelli—in a potential $7.7 billion deal—won’t rule out an improved offer, even as it suggested it had limited financial firepower to offer more.
Silicon Valley Venture Firm Prevails in Sex-Bias Suit A jury said prominent venture-capital firm Kleiner Perkins Caufield & Byers didn’t sexually discriminate or retaliate against a former female partner, in a closely watched case that raised questions about the treatment of women in Silicon Valley.
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