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Business News
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By PAUL WISEMAN AP Economics Writer WASHINGTON (AP) — U.S. consumers welcomed the new year with a surge in confidence. The Conference Board reported Tuesday that its consumer confidence index climbed this month to 102.9,…
January 27, 2015 -
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By JOSH BOAK AP Economics Writer WASHINGTON (AP) — Sales of new U.S. homes accelerated strongly in December, a sign that home-buying may improve this year after a lackluster 2014. The Commerce Department said Tuesday…
January 27, 2015 -
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By CHRISTOPHER S. RUGABER AP Economics Writer WASHINGTON (AP) — U.S. home prices rose at a modest pace in November, held back by weaker sales and a limited number of houses for sale. The Standard…
January 27, 2015 -
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By DEE-ANN DURBIN AP Auto Writer DETROIT (AP) — Military and commercial vehicle maker AM General will start making Mercedes-Benz SUVs this summer under a new, multi-year contract with the German automaker. AM General will…
January 27, 2015 -
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MILAN (AP) — La Scala’s general manager says he expects to find a solution to a union dispute over the opening concert for the world’s fair Expo 2015 on May 1, which coincides with the…
January 27, 2015 -
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By DEREK GATOPOULOS Associated Press ATHENS, Greece (AP) — Greece’s new left-wing prime minister, Alexis Tsipras, picked an outspoken bailout critic as his new finance minister Tuesday, signaling his resolve to take a tough line…
January 27, 2015 -
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By LINDA A. JOHNSON AP Business Writer Pfizer Inc.’s fourth-quarter profit fell by half as worsening generic competition and unfavorable currency rates reduced sales, and higher research and legal costs also reduced the bottom line.…
January 27, 2015 -
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By The Associated Press U.S. stocks are tumbling in midday trading, weighed down by disappointing forecasts from big-name companies and an unexpected drop in orders of long-lasting goods. The Dow Jones industrial average was down…
January 27, 2015 -
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By HEATHER HOLLINGSWORTH Associated Press KANSAS CITY, Mo. (AP) — Twenty-eight oil companies and retailers have agreed to settle litigation claiming customers were knowingly overcharged when gas station fuel temperatures rose, plaintiffs announced Friday. Federal…
January 27, 2015 -
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By STEPHEN OHLEMACHER Associated Press WASHINGTON (AP) — Solid economic growth will help the federal budget deficit shrink this year to its lowest level since President Barack Obama took office, according to congressional estimates released…
January 27, 2015 -
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SAN FRANCISCO (AP) — The pink mustache is out. Ride-hailing company Lyft has pulled the pink furry mustache that drivers display on the front of their cars and replaced it with a 5-inch-long pink “glowstache”…
January 27, 2015 -
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By TOM MURPHY and CANDICE CHOI AP Business Writers Procter & Gamble’s second-quarter earnings sank 31 percent as the strong U.S. dollar cut into the performance of the world’s largest consumer products maker. The Cincinnati…
January 27, 2015 -
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By The Associated Press The Dow Jones industrial average has dropped nearly 400 points in late morning trading after disappointing earnings reports and a surprise drop in orders for long-lasting goods. The Dow was off…
January 27, 2015 -
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The Associated Press NEW YORK (AP) — The U.S. stock market is opening sharply lower following disappointing corporate earnings and weak economic news. The Dow Jones industrial average fell 297 points, or 1.7 percent, to…
January 27, 2015
