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Downside of low US mortgage rates? Less selling

July 12, 2014 WASHINGTON — Would-be home sellers across the country are grappling with a once-in-a-lifetime problem: They have mortgage rates so absurdly low it would hurt them financially to sell. more »»

Tobacco firms Reynolds, Lorillard in merger talks

July 12, 2014 RICHMOND, Va. — Big Tobacco may soon get smaller. The makers of Camel and Newport cigarettes said Friday they are in talks to combine two of the nation’s oldest and biggest tobacco companies. more »»

Economists lower forecasts for US growth

July 12, 2014 WASHINGTON — U.S. more »»

FTC sues Amazon over kids’ app charges

July 11, 2014 NEW YORK — The Federal Trade Commission is suing Amazon over charges that the company has not done enough to prevent children from making unauthorized in-app purchases, according to a complaint file... more »»

Fed No. 2 says care needed to avert crisis

July 11, 2014 WASHINGTON — The Federal Reserve's new No. 2 official says regulators must continue to work to end the need for the government to bail out big banks in a crisi. more »»

US unemployment aid applications fall to 304K

July 11, 2014 WASHINGTON — Fewer people sought U.S. unemployment benefits last week, driving down the level of applications to nearly the lowest in seven years. more »»

Improper payments by federal government top $100B

July 10, 2014 WASHINGTON — Tax credits for families that don’t qualify. Medicare payments for treatments that might not be necessary. Unemployment benefits for people who are secretly working. more »»

Recipe for higher sales: Add fiber, cinnamon

July 10, 2014 NEW YORK — General Mills hopes a pinch of cinnamon and a dash of fiber will be a recipe for stronger sales. more »»

Fed split on signals for first rate increase

July 10, 2014 WASHINGTON — Federal Reserve officials had differing views in June on the best way to signal to financial markets when they might raise a key short-term interest rate. more »»

American Apparel to receive financing

July 10, 2014 NEW YORK — American Apparel Inc. more »»

Harley-Davidson recalling 66,421 motorcycles

July 10, 2014 DETROIT — 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. more »»

PC shipment slump bottoms out

July 10, 2014 NEW YORK — A two-year slump in personal computer sales ended in the second quarter, helped by improving demand in developed markets like North America and Europe. more »»

Soda tax’s last stand? Bay Area preps for showdown

July 9, 2014 WASHINGTON — If two of the most progressive U.S. more »»

Crumbs shows dangers of focusing on single product

July 9, 2014 NEW YORK — Turns out, being a one-hit wonder is risky. more »»

Consumer borrowing rises slowly in May

July 9, 2014 WASHINGTON — Consumers increased their borrowing at a slower pace in May compared to the prior month. Overall credit rose by $19.6 billion in May, down from a gain of $26. more »»

Alcoa swings 2Q profit of $138M, revenue flat

July 9, 2014 NEW YORK — Alcoa Inc. (AA) on Tuesday reported a second-quarter profit of $138 million, reversing a year-ago loss, and the results beat analysts' expectations. more »»

Luxury Rolls-Royce car sales soar worldwide

July 9, 2014 LONDON — They are rolling symbols of wealth and excess, starting at $263,000 a pop, with many buyers choosing custom options that can easily double the price. more »»

$3B deal adds natural flavors to ADM portfolio

July 8, 2014 DECATUR, Ill. — Archer Daniels Midland already makes sweeteners, fibers, emulsifiers and an array of other ingredients used in packaged foods and drinks. more »»

 
 

 

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