Business News

Harley-Davidson Recalling 66,421 Motorcycles

Posted: 07/09/2014 - Harley-Davidson is recalling 66,421 Touring and CVO Touring motorcycles from the 2014 model year because their front wheels can lock up without warning.

Dow Tops 17,000 for First Time

Updated: 07/03/2014 - The Dow Jones industrial average topped 17,000 for the first time Thursday, the index's first big 1,000-point milestone this year, following news that hiring in the U.S. accelerated last month.

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Economic News

  • Gasoline Costs Lift Inflation Gauge
    U.S. consumer inflation continued to stiffen last month but largely decelerated outside a jump in gasoline prices, and food costs in particular slowed after surging in recent months.
  • U.S. Existing-Home Sales Hit Highest Level Since October
    A broad measure of U.S. home sales climbed for the third consecutive month in June, a sign the housing market is gaining steam after a monthslong slump.
  • Hedge Funds Saved Billions in Tax: Senate
    Hedge funds used a tax avoidance technique offered by Wall Street banks for years to skirt federal leverage trading limits, with one well-known trading firm potentially saving $6.8 billion in U.S. taxes, Senate investigators claim.
  • EU Infrastructure Cutbacks Worry Economists
    Outlook: Hit by the recession, a number of European governments cut capital spending on transportation, housing, education and other areas, a move that some experts say will harm economic growth.
  • This Way Up: Mobility in America
    Essay: Economic mobility is alive and well for Americans who pursue technical or practical training. The U.S. economy's future could lie along the career paths of welders, nurses and franchise owners.
  • Blame It on the Rain: Housing Starts Sink 9.3%
    U.S. home construction tumbled in June due to a stretch of wet weather in the South, a decline that analysts said was likely a temporary departure from a trend of recovery in the housing market.
  • Yellen Balks at Tying Rates to Formula
    Federal Reserve Chairwoman Janet Yellen pushed back against House Republicans' proposal to require the central bank to adopt a formal, mathematical rule to guide its interest-rate decisions.
  • Just Whose Job Is It to Train Workers?
    Hu-Friedy, a maker of dental instruments, is paying workers to leave for two years as part of a company apprenticeship program. What's happening there is a rare exception to corporate disinvestment in training.
  • China Plays Big Role in U.S. Bond Rally
    Investors wrestling with the mysterious U.S. bond rally of 2014 got a clue about where to look: China.
  • Economists Dim Growth Views
    Forget about escape velocity. The U.S. economy in 2014 is likely to record another disappointing year of growth, according to the latest Wall Street Journal survey of economists.

US Business News

  • As Cereal Slips, New Battle Over Breakfast
    Americans' shift to low-carb, high-protein foods has sapped sales for Kellogg and other cereal makers but could be a boon for McDonald's, Taco Bell and other fast-food chains.
  • For Apple, iPhone Roars and iPad Whimpers
    Apple reported a 13% jump in iPhone sales as it heads into a major refresh of the company's flagship product, but iPad sales slid for the second consecutive quarter.
  • Tel Aviv's Tech Hub Scrambles Amid Disruptions
    Israel's battle with Hamas has some tech entrepreneurs in Tel Aviv scrambling to staff their startups and keep to their travel plans.
  • Fox Mindful of Debt as It Eyes Time Warner
    Ever since his News Corp survived a bruising liquidity crisis in the early 1990s, Rupert Murdoch has been careful to avoid getting overextended financially. But his pursuit of Time Warner could test that philosophy.
  • GSK Reduces Full-Year Forecast
    GlaxoSmithKline downgraded full-year earnings expectations, as its second-quarter profit was hit by currency moves, weak sales of its respiratory drugs and the continuing bribery investigation in China.
  • Microsoft's Net Takes Hit on Nokia
    Microsoft said its quarterly profit declined as the company absorbed a financial hit from acquiring Nokia's money-losing cellphone business.
  • Pepsi Raises Guidance
    Pepsi said its second-quarter revenue rose, helped by higher beverage and snack volumes, as it increased its earnings outlook for the year.
  • As Phone Growth Slows, Carriers Turn to Tablets
    Wireless companies have been jockeying for new subscribers in a market where there are more active cellphone plans than there are people. Carriers have found the answer in tablets.
  • Data-Storage Provider EMC's Profit Falls
    Data-storage provider EMC said its second-quarter earnings fell 16% as an increase in revenue was offset by a rise in costs.
  • Japan Backs Overseas Use of Coal
    Japan plans to increase support for coal-fired power plants in developing nations, in a direct challenge to U.S. policy.
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