RSS Feed

Business

Why banks made more money last quarter

Wall Street and Main Street gave banks a boost last quarter.

Tease photo

Senator: Decade-old Gulf oil leak is 'unacceptable'

A U.S. senator from Florida is pressing federal officials to disclose technical data and other information about a decade-old oil leak in the Gulf of Mexico, after an investigation by The Associated Press revealed evidence that the spill is far worse than a company or government regulators have publicly reported.

Tease photo

Obama defends pursuit of sweeping trade pact

President Barack Obama on Friday defended his pursuit of a sweeping trade pact as good for American workers in a global economy, dismissing fierce opposition from his own party as a "ratification of the status quo."

Yahoo chooses to stay with Microsoft in updated search deal

Yahoo and Microsoft will keep working together on Internet search, but Yahoo is getting more control over the how the search results are presented.

Top US lawmakers strike deal to fast-track trade deals

Top lawmakers struck a bipartisan agreement Thursday to allow President Barack Obama to negotiate trade deals subject to a yes-or-no vote from Congress without the possibility of changes.

Farmer names calf born with heart in neck ‘Cardio Brisket’

A calf born with its heart in its neck is thriving on a western Pennsylvania farm despite the unusual deformity.

Spain: Ex-IMF chief Rato probed by authorities in tax case

Former International Monetary Fund chief Rodrigo Rato was taken away by police Thursday night after tax officials spent hours searching his apartment in one of Madrid's wealthiest neighborhoods.

House passes bill to repeal estate tax

The House voted Thursday to repeal the federal tax on estates, a politically volatile issue that affects few inheritances.

Ex-JPMorgan banker charged with stealing $20M from clients

A former JPMorgan Chase & Co. banker was arrested Thursday on charges he stole $20 million from clients over a four-year period, using some of the money to make personal investments and pay a home loan.

Giving up an afternoon gain, US stocks close with tiny loss

Netflix soared, big corporations turned in quarterly results, and investors welcomed new companies into the market. There was plenty of news, but major indexes finished the day just short of where they started.

House leaders use Tax Day to pass bills to ‘rein in the IRS’

House leaders used Wednesday’s tax filing deadline to vote on a package of bills designed to protect taxpayers from potential abuse by the IRS, a response to recent scandals at the agency.

Fight for $15 protests expand for low-wage workers

The Fight for $15 campaign that began with fast-food workers expanded in size and scope Wednesday to include a range of workers who say their meager pay is a form of economic injustice.

Fed survey finds US economy growing at moderate pace

The U.S. economy was growing at a moderate pace from mid-February through the end of March although the harsh winter, the rising value of the dollar and a big plunge in oil prices were having adverse effects on some industries, the Federal Reserve said Wednesday.

Japan bumps China as top holder of US Treasury debt

Japan overtook China in February as the top foreign holder of U.S. Treasury securities, a position Japan last held in August 2008.

Tease photo

Court rules GM is shielded from death claims by bankruptcy

A federal judge ruled Wednesday that a 2009 bankruptcy order shields General Motors from billions of dollars in death and injury claims tied to defective ignition switches in older small cars.

Tease photo

EU alleges Google's abuses hurt consumers, innovation

The European Union's escalating legal attack on Google is likely to ignite a debate about whether the Internet search leader makes life more convenient for consumers or abuses its power to squeeze out rivals who might have something better to offer.

US stocks rise as earnings roll in, oil prices climb

Rising corporate profits and a jump in oil prices helped push the stock market to a modest gain on Wednesday. Delta and Intel led the way up after turning in results that beat Wall Street's forecasts. The price of oil soared to its highest price this year, driving up energy stocks.

Mediacom upgrading to all-digital signal in JC

Changes are underway for some cable television subscribers, as Mediacom announced recently it will phase out the remaining channels of analog bandwidth used to deliver television reception to its customers using non-digital televisions.

US stocks mostly higher after rise in oil, mixed earnings

Rising oil prices helped push the stock market mostly higher on Tuesday, but the gains were tiny as investors weighed mixed results from companies reporting earnings.

Artist Britto sues Apple, design firm

Artist Romero Britto is suing Apple Inc. and a design firm in federal court, accusing them of misusing his color-splashed images and distinctive style in marketing campaigns.

Previous