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US factory activity drops in Nov.; first decline in 3 years

December 2, 2015 WASHINGTON — U.S. factory activity plummeted last month to the lowest level in more than six years, with a stronger dollar and low oil prices cutting new orders and hurting production. more »»

Brazil’s economic downturn deepens with GDP drop

December 2, 2015 RIO DE JANEIRO — Latin America’s largest economy has shrunk even more than expected, increasing fears about the well-being of a nation hammered by falling commodity prices and a massive corruption... more »»

US auto sales hit 14-year high in Nov.

December 2, 2015 DETROIT — November used to be a slow month for U.S. car sales. Not anymore. Black Friday promotions — some of which began well before Thanksgiving — pushed last month’s sales to a 14-year high of . more »»

Construction spending rises, highest since ‘07

December 2, 2015 WASHINGTON — U.S. construction spending jumped in October, fueled by solid gains in home building and the largest increase in federal construction in nine years. more »»

Kemper plant overruns climb another $62M

December 2, 2015 JACKSON, Miss. — Mississippi Power Co. said Tuesday it will spend at least another $62 million to finish the power plant it's building in Kemper County, pushing total costs to nearly $6.5 billion. more »»

Cyber Monday sales still on top, but losing some luster

December 1, 2015 NEW YORK — Shoppers traded bricks for clicks on Monday, flocking online to snap up “Cyber Monday” deals on everything from cashmere sweaters to Star Wars toys. more »»

IMF adds China’s yuan to top currencies

December 1, 2015 WASHINGTON — The Chinese yuan will join a basket of the world’s leading currencies, the International Monetary Fund announced Monday. more »»

Nearly half of US homes use cellphones only

December 1, 2015 NEW YORK — Nearly half of U.S. households only use cellphones, according to new federal statistics that show more and more people are cutting the cord on landlines. more »»

Info on 5 million VTech customers and kids exposed in breach

December 1, 2015 NEW YORK — Kid’s technology maker VTech says the personal information of about 5 million of its customers and their children may have been stolen by hacker. more »»

Black Friday store sales fall as more bouught online

November 30, 2015 WASHINGTON — Black Friday shopping is shifting from hours spent in line to more time online. Sales at retail stores on Black Friday fell to $10.4 billion this year, down from $11. more »»

Weather, flights aid post Thanksgiving travel efforts

November 30, 2015 NEW YORK — Tens of millions of Americans returning home after the long Thanksgiving holiday weekend Sunday had cooperative weather and mostly efficient airport operations to thank for smooth... more »»

Billions promised to boost clean energy tech

November 30, 2015 PARIS — Government and business leaders are banking on clean energy technology to fight global warming, kicking off this week’s high-stakes climate change negotiations by pledging tens of billions o... more »»

How Black Friday played out around the country

November 28, 2015 NEW YORK — Black Friday, the unofficial start to the holiday shopping season, isn’t always what people expect. In Colorado, for instance, marijuana stores got into the act. more »»

Swiss court convicts ex-HSBC employee for leaking bank data

November 28, 2015 GENEVA — A Swiss court has convicted in absentia a former employee with international bank HSBC for economic espionage and sentenced him to five years in prison. more »»

3 Chinese brokerages now under investigation

November 28, 2015 BEIJING — Three of China's biggest securities firms are under investigation in a fresh aftershock from this summer's market plunge. Shares in Citic Securities Ltd. and Guosen Securities Ltd. more »»

Jack White's opens record store in Detroit

November 28, 2015 DETROIT — Rocker Jack White has opened a Third Man Records store in his hometown, the Motor City. more »»

Russia strikes back at Turkey with economic sanctions

November 27, 2015 MOSCOW — Russia plans to retaliate against Turkey for the downing of a warplane by imposing sanctions, cutting economic ties and scrapping major investment projects. more »»

Source: Alibaba in talks to buy Hong Kong’s SCMP newspaper

November 27, 2015 HONG KONG — Chinese e-commerce giant Alibaba is in talks to buy Hong Kong’s leading English language newspaper, the South China Morning Post, a person with knowledge of the potential deal said... more »»

Thai poultry producers accused of labor abuses

November 27, 2015 BANGKOK — Poultry exported to Europe from factories in Thailand is sometimes prepared in conditions that violate labor rights, two Scandinavian groups promoting corporate responsibility charged... more »»

Projects stall after feds allow ocean fish farming

November 27, 2015 SAN DIEGO — Some 90 percent of seafood consumed by Americans is imported — a fact that the Obama administration vowed to start turning around by expanding fish and shellfish farms into federal waters. more »»

 
 
 

 

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