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.

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Economic News

  • Lenders Ease Mortgage Rules in Hunt for Business
    Mortgage lenders are beginning to ease the restrictive lending standards enacted after the housing boom turned to bust, a sign of their rising confidence in the housing market.
  • 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.

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.
  • 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.
  • Fish Farming Explores Deeper, Cleaner Waters
    Fish-farming companies are trying to guard against disease and expand production by trying new techniques, including the use of offshore structures akin to oil platforms.
  • Volkswagen Seeks to Boost China Sales
    Europe's largest carmaker Volkswagen AG said it aims to sell more than 3.5 million vehicles in China this year, after sales there accounted for more than one-third of the German company's global deliveries last year.
  • GM Sales Rise Despite Controversy
    The head of General Motors' North American operations, Alan Batey, said April U.S. vehicle sales are on pace for "a good month."
  • Fiat, Chrysler to Build Jeeps in China
    Fiat SpA and its Chrysler Group arm expect to build Jeep vehicles for China in the Asian country starting in late 2015, the two companies said Saturday.
  • Geely Banks on New Strategy
    Zhejiang Geely Holding Group Chairman Li Shufu said his Chinese auto brand Geely can use technology from his Volvo brand and a streamlined brand strategy to get back on track for growth after a sharp sales drop.
  • France's SFR Plans Network-Sharing Venture With Vodafone
    French mobile-phone operator SFR plans to link up with U.K. operator Vodafone Group PLC in a network-sharing venture, according to SFR's chief executive.
  • Caterpillar Aims to Close French Plant
    Caterpillar, continuing a global cost-reduction drive, is seeking to stop production at its plant in Rantigny, France, about 40 miles north of Paris, and sell the facility, a spokeswoman for the company said Friday, confirming French press reports.
  • China Unveils List of IPO Aspirants
    In a surprise move, the China Securities Regulatory Commission announced a list of 28 companies that have disclosed their IPO plans.
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