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Valeant to spend about $1B on maker of women’s libido drug

August 21, 2015 WASHINGTON — Valeant Pharmaceuticals will pay about $1 billion in cash to buy Sprout Pharmaceuticals, the maker of the first prescription drug intended to boost sexual desire in wome. more »»

Average US rate on 30-year mortgage eases to 3.93 percent

August 21, 2015 WASHINGTON — Average long-term U.S. mortgage rates edged lower this week, with the key 30-year loan rate remaining under 4 percent. more »»

Greek prime minister calls elections

August 21, 2015 ATHENS, Greece — Greek Prime Minister Alexis Tsipras resigned Thursday and called early elections, hoping for a new, stronger mandate to implement a three-year bailout program that sparked a... more »»

Gap maintains forecast as 2Q profit falls

August 21, 2015 NEW YORK — Gap is keeping its fiscal-year profit forecast unchanged after further struggles in the second quarter marked by weakness at its namesake and Banana Republic stores that offset rising... more »»

Subway’s latest challenge: Getting out from Jared’s shadow

August 20, 2015 NEW YORK — Subway benefited hugely from Jared Fogle’s weight loss story. Now the sandwich chain needs to figure out how to prevent him from overshadowing its futur. more »»

European bailout fund approves release of funds for Greece

August 20, 2015 BERLIN — European bailout fund supervisors on Wednesday approved the release of billions of euros to help rebuild Greece’s devastated economy just as a new debt payment looms. more »»

Target is getting its groove back

August 20, 2015 NEW YORK — Target is on its way back. Shoppers are visiting the company's stores more often and spending more on each trip, the Minneapolis-based discount-store chain said Wednesday. more »»

US consumer inflation slowed in July

August 20, 2015 WASHINGTON — The biggest drop in airline fares in nearly two decades slowed consumer inflation in July following two months of slightly faster gains. more »»

High-tech cars bring Detroit, Silicon Valley face to face

August 19, 2015 PALO ALTO, California — The office has all the trappings of a high-tech startup. There’s a giant beanbag in the foyer and erasable, white board walls for brainstorming. more »»

Pay raises, store spruce-ups crimp Wal-Mart’s profit

August 19, 2015 NEW YORK — Wal-Mart’s second-quarter earnings report was a mixed bag: Its investments to overhaul its stores are helping to perk up sales, but they’re causing more pain to the bottom line than... more »»

Home Depot bests the crowd in 2Q

August 19, 2015 NEW YORK — Homes are getting a lot of TLC from their owners of late, which means better sales for businesses like Home Depot. more »»

Subway’s Jared to admit to child-porn charges

August 19, 2015 INDIANAPOLIS — An Indiana television station is reporting that Subway pitchman Jared Fogle is expected to plead guilty to child-pornography charges. more »»

More millennials stuck renting for years before buying home

August 18, 2015 WASHINGTON — Home ownership, that celebrated hallmark of the American dream, is increasingly on hold for younger Americans. more »»

Feds allow Shell to drill for oil in Arctic Ocean off Alaska

August 18, 2015 ANCHORAGE, Alaska — The federal government on Monday gave Royal Dutch Shell the final permit it needs to drill for oil in the Arctic Ocean off Alaska’s northwest coast for the first time in more tha... more »»

2 Citigroup affiliates paying $179.5M to resolve SEC case

August 18, 2015 WASHINGTON — Two Citigroup Inc. affiliates have agreed to pay $179.5 million to resolve federal regulators’ charges of misleading investors in hedge funds that later collapsed. more »»

QVC owner Liberty buying Zulily in about $2.3 billion deal

August 18, 2015 NEW YORK — Zulily, which offers flash sales of products like toys and children’s clothing geared to young moms, now has a parent. Liberty Interactive Corp. more »»

Pet store operator Petco files for new IPO

August 18, 2015 NEW YORK — Petco plans to go public again almost nine years after two private equity firms bought the pet store operator. more »»

US homebuilder sentiment improves

August 18, 2015 WASHINGTON — U.S. homebuilders grew slightly more optimistic about the housing market in August, putting their confidence at levels last seen a decade ago during the debt-fueled housing boom. more »»

IRS: Computer breach bigger than first thought; 334K victims

August 18, 2015 WASHINGTON — A computer breach at the IRS in which thieves stole tax information from thousands of taxpayers is much bigger than the agency originally disclosed. more »»

Dallas Fed bank taps Harvard professor as new president

August 18, 2015 WASHINGTON — A professor and associate dean at the Harvard Business School has been selected as the new president of the Federal Reserve Bank of Dallas. more »»



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