News
National

U.S. stocks had their best week in four months, with the Standard & Poor’s 500 Index reaching an all-time high on bets that the Federal Reserve will support the economy even as it shows signs of gaining strength.

Aviation regulators trying to control the flood of inexpensive drones buzzing U.S. skies are drawing fire.

Federal Reserve Chair Janet Yellen said she still isn’t satisfied with the U.S. labor market. Deciding when she is won’t be easy.

Murata Manufacturing Co. Ltd. will pay about $465 million to buy the remaining stake in fellow technology company Peregrine Semiconductor Corp. that it doesn't already own.

Before summer ends, Revel, Trump Plaza, the Showboat and the Atlantic Club will be shuttered ex-casinos, leaving Atlantic City officials looking for a way to avoid having dark, empty shells on its signature Boardwalk.

Bank of America's record $16.65 billion settlement for its role in selling shoddy mortgage bonds -- $7 billion of it geared for consumer relief -- offers a glint of hope for desperate homeowners.

Jumbo lending isn’t just on the upswing for traditional U.S. home loans. It’s also being revived for seniors who want to borrow against the equity in their houses through reverse mortgages.

Aug. 22 (Bloomberg) -- McDonald’s Corp. said longtime restaurant executive Mike Andres will take over as president of the chain’s U.S. operations, which have struggled to boost sales amid increased competition.

Aug. 22 (Bloomberg) -- Gap Inc., the largest U.S. apparel- focused retailer, posted second-quarter profit that topped analysts’ estimates as bargain-hunting shoppers snapped up discounted clothing at its Old Navy chain.

President Barack Obama has spent less time away from the White House than his predecessors. But his two-week break on the resort island of Martha's Vineyard and hours on the golf course have his detractors teeing up as they highlight the slew of foreign policy crises currently facing the United States.

Aug. 22 (Bloomberg) -- West Texas Intermediate crude capped a fifth weekly decline, the longest losing streak in nine months, on concern refineries will reduce demand for crude as the end of summer driving season approaches. Brent slid.

Tensions between Russia and Ukraine escalated sharply on Friday as Moscow sent more than 130 trucks rolling across the border in what it said was a mission to deliver humanitarian aid.

Rising home values and low interest rates are a powerful combination for homeowners looking for more financial breathing room.

If you only read one thing this weekend, it should be Jake Halpern’s book excerpt “Paper Boys: Inside the dark, labyrinthine, and extremely lucrative world of consumer debt collection” in the New York Times Magazine. It describes the colorful, seamy, more-than-borderline-dishonest world of firms that collect old debts.

A fourth straight monthly increase in sales of existing homes provided the latest evidence Thursday that the U.S. housing market is rebounding from a weak start to the year.

Home flipping, in which a buyer resells a property quickly for a profit, is on the decline as U.S. residential price gains slow and foreclosures dwindle.

As keeps happening, German Chancellor Angela Merkel finds herself in a leading role on the global stage -- this time in resolving the Ukraine crisis.

The urban blight that has been plaguing Detroit was, until very recently, made worse by a dearth of information about the problem.

It wouldn't matter that President Barack Obama played golf after responding to the appalling death of journalist James Foley, if he were visibly carrying out a coherent plan to deal with the monsters he so passionately described as a "cancer."

Surprise: One of the summer's hottest investments was also one of the most anxiety-inducing a few months earlier.

They are an outsized force in modern American politics, the best-known brand of the big money era, yet still something of a mystery to those who cash their checks.

Federal Reserve Chair Janet Yellen said Friday that the Great Recession complicated the Fed's ability to assess the U.S. job market and made it harder to determine when to adjust interest rates.

Aug. 22 (Bloomberg) -- West Texas Intermediate crude headed for a fifth weekly decline, the longest falling streak in nine months, while investors await a speech from Federal Reserve Chair Janet Yellen. Brent slipped amid adequate supplies.

Stocks were little changed Friday after a speech by Federal Reserve Chair Janet Yellen left investors unsure on how the nation's most important financial voice feels about raising interest rates in the coming months. Investors were also monitoring another flare-up in tensions between Ukraine and Russia.

A suicide bomber and several gunmen attacked a Sunni mosque in a volatile province outside Baghdad during Friday prayers, killing at least 64 people and wounding more than 60, officials said.

McDonald's has named a new president for its flagship U.S. division, marking the second change in less than two years.

Aug. 20 (Bloomberg View) -- Governors of the U.S., beware: If you veto a funding bill, you could be indicted -- even if you wear thick-rimmed designer glasses. (Doesn’t every article about Texas Governor Rick Perry have to mention his glasses? I thought I’d get it out of the way quickly.)

Aug. 20 (Bloomberg View) -- VoxEU, the indispensable economic-policy website of the Center for Economic Policy Research, has outdone itself with a new ebook on secular stagnation. This is the most important conversation in applied macroeconomics -- but it's complicated and confusing, too. Editors Richard Baldwin and Coen Teulings and a team of eminent contributors have produced the first comprehensive and reasonably accessible survey of the issue. It's essential reading.

Aug. 22 (Bloomberg) -- Vodafone Group Plc has agreed to buy 72.7 percent of Greek broadband company Hellas Online SA for 72.7 million euros ($96.5 million) and plans to make an offer for the rest of the company.

Model aircraft hobbyists, research universities and commercial drone interests filed lawsuits Friday challenging a government directive that they say imposes tough new limits on the use of model aircraft and broadens the agency's ban on commercial drone flights.

More tensions in Ukraine left the stock market slightly lower in quiet trading.

Aug. 22 (Bloomberg) -- Amazon.com Inc. is increasingly trying to spread its cloud-computing business by using brick- and-mortar stores.

Aug. 22 (Bloomberg) -- International Business Machines Corp. has formed a partnership with Inspur Group Ltd. after the Chinese company tried to lure away customers with its “IBM to Inspur” marketing campaign.

Aug. 21 (Bloomberg View) -- Republicans offer the majority of all amendments in the Senate. Democrats offer the majority of all amendments in the House.

Aug. 20 (Bloomberg View) -- There’s no consensus on just how many of Africa’s elephants are left. The World Wildlife Fund, for example, estimates that the population could be as few as 470,000 and as many as 690,000. Whatever the exact figure, it’s clear that China’s demand for ivory has created significant financial incentives for poachers to hunt the herds that remain scattered across the continent.

Aug. 22 (Bloomberg View) -- On the one hand, it is completely unsurprising that Europe has become a swamp of anti-Jewish hostility. It is, after all, Europe. Anti-Jewish hostility has been its metier for centuries. (Yes, the locus of much anti-Jewish activity today is within Europe’s large Muslim-immigrant population; but the young men who threaten their Jewish neighbors draw on the language and traditions of European anti-Semitism as much as they do on Muslim modes of anti-Semitic thought.)

Aug. 21 (Bloomberg View) -- It would have been hard to imagine that Islamic State’s brutal execution of American freelance photojournalist James Foley would worsen the Israeli public's assessment of the U.S.'s role in the Gaza conflict. But listen to the chatter in cafes and on the checkout line in the market, and it seems that it may have done just that.

Aug. 22 (Bloomberg) -- Trucks carrying humanitarian aid from Russia crossed the border to Ukraine, which said the move amounted to an invasion as the convoy moved without its consent.

Aug. 22 (Bloomberg) -- The dollar headed for its biggest weekly gain versus the euro in more than six months before Federal Reserve Chair Janet Yellen and European Central Bank President Mario Draghi speak today in Jackson Hole, Wyoming.

Aug. 22 (Bloomberg) -- Treasuries rose a second day, paring a weekly decline, amid speculation Federal Reserve Chair Janet Yellen will refrain from signaling interest rates will rise sooner than the market anticipates, even as growth picks up.

Aug. 22 (Bloomberg) -- Federal Reserve Bank of St. Louis President James Bullard said the U.S. central bank may begin tightening monetary policy earlier than officials previously expected, while Atlanta Fed President Dennis Lockhart urged more patience.

Cameron County commissioners have agreed to waive 10 years of county taxes as part of an agreement bringing the world's first commercial site for orbital rocket launches to the southernmost tip of Texas.

Ann Inc. (ANN) on Friday reported earnings of $32.7 million in its fiscal second quarter.

Agricultural equipment maker Deere is laying off about 460 employees indefinitely from an Iowa tractor factory as it continues to adjust to market demand.

What if Michael Brown's last moments had been recorded?

Aug. 22 (Bloomberg) -- The world’s greatest investor could use some help with record keeping.

Foot Locker Inc. (FL) on Friday reported profit of $92 million in its fiscal second quarter.

The central bankers meeting this week at their annual conference in Jackson Hole, Wyoming, aren't exactly in sync. Many are taking steps that clash with the policies of others.

Aug. 22 (Bloomberg) -- GameStop Corp., the video-game chain that said this week its chief executive had surgery for brain cancer, surged the most in a year after reporting profit that beat estimates as consumers bought new players and software.

The Moroccan-themed Sahara casino that once hosted the Rat Pack and the Beatles is opening as the SLS Las Vegas after a complete transformation.

Tired of the selfie? Get ready for the “thermie,” or as I like to call it, the “hottie.” That's when you take a picture of the heat emanating from your body, using an infrared camera that attaches to the back of your iPhone. It sounds unlikely, but it's coming.

Aug. 22 (Bloomberg) -- International Business Machines Corp. has formed a partnership with Inspur Group Ltd. after the Chinese company tried to lure away customers with its “IBM to Inspur” marketing campaign.

The parents of slain journalist James Foley say they regarded an email they received from his captors last week as a hopeful sign they could negotiate with Islamic militants.

The streets of Ferguson were peaceful for another night, as protests and tensions subsided in the St. Louis suburb where unrest erupted after a white police officer fatally shot an unarmed black 18-year-old.

Carried by soldiers and draped in the national flag, coffins carrying Malaysian victims of Flight MH17 returned home Friday to a country still searching for those onboard another doomed jet and a government battling the political fallout of both tragedies.

Gaza gunmen killed 18 alleged spies for Israel on Friday, including seven who were lined up behind a mosque and shot after midday prayers, in response to Israel's deadly airstrikes against top Hamas leaders.

Two new cases of Ebola have emerged in Nigeria and, in an alarming development, they are outside the group of caregivers who treated an airline passenger who arrived with Ebola and died, Health Minister Onyebuchi Chukwu said Friday.

Farming is hip in New England.

Heavy rains forecast in western Japan are raising the risk of more landslides and hindering efforts to locate dozens of people still missing after several hills in Hiroshima collapsed earlier this week.

As one of few Ebola survivors with medical expertise, Dr. Kent Brantly seems keenly aware of the position his painful experience has put him in. He hasn't spoken yet about his plans, but spent much of his first public appearance pleading for help for countries still struggling with the virus.

Aug. 22 (Bloomberg) -- The Missouri grand jury that will decide whether to indict Ferguson police officer Darren Wilson for the shooting death of Michael Brown includes 9 whites and three blacks, a state court judge revealed.

NATO's secretary general has condemned Russia for sending a “so-called humanitarian convoy” into eastern Ukraine without the consent of the Ukrainian government.

Gaza militants Friday gunned down 18 alleged spies for Israel in an apparent attempt to plug security breaches and deter others, a day after Israel killed three top Hamas military commanders in an airstrike likely guided by collaborators.

Democratic state Sen. Ben Hueso was arrested for investigation of drunken driving early Friday in Sacramento, the latest black eye for the state's majority party and the 40-member chamber.

Two U.S. senators are calling for an outside investigation into how the Air Force Academy handles sexual assaults, including an allegation that agents were blocked from speaking to academy football coaches.


5 DAY NEWS ARCHIVE
Subscribe Today!