Business News

US Wage Growth Falls to Record Slow Pace

Posted: 07/31/2015 - U.S. wages and benefits grew in the spring at the slowest pace in 27 years, stark evidence that stronger hiring hasn't boosted pay. The slowdown also reflects a sharp drop-off in bonus and incentive pay.

NV Energy To Pay Part Of $4.3M To Settle Lawsuit

Posted: 07/30/2015 - Operators of a coal-fired power plant outside Las Vegas are agreeing to pay $4.3 million to settle a lawsuit and clean up contamination that neighboring Native Americans blame for health problems and water pollution.

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US Business News

  • Shire Offers to Buy Baxalta for $30 Billion
    Shire PLC said Tuesday that it has offered to acquire Baxalta Inc. in a stock-deal valued at roughly $30.6 billion, in a combination what would create a leader in treatments for rare diseases.
  • Toyota Posts Record Profit
    Toyota Motor posted a record quarterly net profit, as Japan’s biggest auto maker continued to bank on a weaker yen.
  • Auto Makers Post Strong U.S. Sales
    Car makers are facing a conundrum, as buyers are rushing to buy bigger vehicles even as car companies face steeper U.S. requirements for increasing fuel economy.
  • Apple, Google Aim to Predict What You Want
    Apple and Google are developing technology for smartphones that will study users’ activities and deliver information before they ask for it. The companies hope new features will keep users loyal.
  • Supersized Cargo Skips Small Ports
    Hampered by a shallow, inland location and labor strife, Portland loses out on shipping container traffic.
  • U.S. Consumer Spending Up 0.2% in June
    Americans curbed their spending increases in June, a sign that weak wage growth might be weighing on consumers.
  • Puerto Rico Defaults on Most of Debt Payment
    Puerto Rico missed most of a $58 million bond payment Monday, the first default by the U.S. commonwealth in what may become one of the largest restructurings in the history of the $3.7 trillion market for debt sold by U.S. state and local governments.
  • Aid's Role in Rising Tuition Gains Credence
    More economists believe the federal government’s loose standards for student loans are fueling a vicious cycle of higher college tuition prices, similar to what some say happened with the housing bubble.
  • U.S. Manufacturers Expand at Slower Pace in July
    U.S. manufacturers expanded at a slower pace in July, according to a survey released Monday by the Institute for Supply Management, the latest signs of tepid growth in the sector.
  • Eurozone Survey Shows Collapse in Greek Output
    Uncertainty over the country’s future relationship with the eurozone sent Greek manufacturing into a tailspin in July, but that had little impact on other parts of the currency area’s economy, as Italian factories had their best month in more than four years.
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