Fed's Yellen Fends Off Charges of Partisan Tilt Federal Reserve Chairwoman Janet Yellen came under fire from Republican lawmakers who charged she had politicized the central bank, allegations she rejected in her most acrimonious congressional hearing in a year as Fed chief.
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.
Durable-Goods Orders Rose in January Demand for big-ticket manufactured goods rebounded last month, suggesting the economic recovery remains on track while also hinting at sluggish business spending.
EU Urges French Budget Cuts European Union authorities said France must adopt significant additional budget-deficit cuts over the next three years to bring its government finances in line with EU rules.
Greece Wants Citizens to Pay Up The Greek government, scrambling to secure another tranche of funding, agreed to make tax collection a priority. But prodding its citizens to pay up has been one of the country’s most difficult challenges.
Yellen Puts Fed on Path to Lift Rates Federal Reserve Chairwoman Janet Yellen, sounding upbeat about the economy, started laying the groundwork for interest-rate increases later this year.
US Business News
Resale Prices Tumble on Electric Cars With gasoline prices down 33% from a year ago and buyers cooling toward electric vehicles, Nissan dealers worry that weak demand for used electric Leaf cars will put a flood of used models on the market.
United Warns Pilots After Errors United Continental’s management, using blunt language, called for stepped-up compliance following several serious incidents caused by cockpit errors.
YouTube: 1 Billion Viewers, No Profit YouTube accounted for about 6% of Google’s overall sales last year, but the video website doesn’t produce a profit—despite a billion monthly users.
FCC Approves Net Neutrality Rules The Federal Communications Commission voted Thursday to regulate Internet service like a public utility, expanding the U.S. government’s oversight of a once lightly regulated business.
Barnes & Noble to Keep Nook Business Barnes & Noble said Thursday that it plans to spin off its college bookstore unit from its retail and Nook operations, scrapping a plan to spin off its struggling e-book business.
Retailers Prepare to Spend More Retailers are finally getting shoppers to spend again, and soon they are going to have to follow suit. Some say they are raising wages, while others say they are boosting capital spending.
Sears Extends Dismantling of Company Sears updated its plans to split off up to 300 of its best stores into a separate company as it also reported a $159 million loss and declining sales over the holidays.
What It's Like Doing Business in Iran A startup scene is popping up in Iran’s capital city, part of a nascent technology scene developing amid—and some say because of—international sanctions and censorship laws keeping Western firms away.
Kohl's Holiday Quarter Tops Expectations Kohl’s Corp. said results in its holiday quarter topped expectations on broad-based sales strength, while the retailer gave an in-line outlook for its newly-started fiscal year.
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