Business News

Southwest Airlines Grounds 128 Planes

Updated: 02/25/2015 - Federal officials will let Southwest Airlines keep flying planes that missed a required inspection of a backup rudder system.

Sparks Tribune Sold

Posted: 02/23/2015 - A Nevada-based newspaper chain that owns publications in Ely and Mesquite has acquired the Sparks Tribune.

More Business News

Economic News

  • In Job Islands, Work Is Plentiful but the Workers Are Not
    Many isolated pockets of the U.S., like Thief River Falls, Minn., have a surfeit of jobs. Such “job islands” are a telling aberration from a national workforce still weighed down by stagnant wages and other signs of slack.
  • U.S. Jobless Claims Up to 313,000 Last Week
    The number of Americans seeking first-time unemployment benefits rose last week, but the broader trend suggests a steadily healing labor market.
  • 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.
  • Financial Pressure on Ukraine Mounts
    Ukraine’s central bank drastically limited access to foreign currency and Russia threatened to halt gas deliveries.
  • Debt Downgrade of Brazil Oil Giant Stirs Wider Concern
    A decision by a major credit-rating firm to downgrade to junk status the debt of Petróleo Brasileiro is stoking fears that Brazil’s sovereign rating could be next.
  • 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.
  • IBM Pumps $4 Billion Into Cloud, Mobile Initiatives
    IBM plans to shift $4 billion in 2015 spending to what it calls the “strategic imperatives” of cloud, analytics, mobile, social and security technologies.
  • 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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