Business


SATURDAY, FEB. 13, 2016

FRIDAY, FEB. 12, 2016

In this photo taken on  May 29, 2014, a Juneau International Airport fire engine fires off a welcome water salute to the first Delta Airlines commercial flight to start serving in Juneau, Alaska. (Michael Penn / Associated Press)

Delta pays out record profit sharing 

ATLANTA – Atlanta-based Delta Air Lines on Friday paid out $1.5 billion in profit sharing to employees, including $541 million to its 33,000 employees in Atlanta. It’s the largest employee profit sharing payment in U.S. history, according to Delta CEO ...

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Trader Sal Suarino works on the floor of the New York Stock Exchange Friday. (Richard Drew / Associated Press)

US stocks end a down week on an up note

U.S. stocks ended a down week on a high note Friday, snapping a five-day losing streak on the strength of energy and financial companies. A sharp rebound in oil prices and an encouraging report on retail sales helped lift the ...

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Britain’s Independent newspaper to cease print editions

LONDON – Britain’s Independent newspaper will publish its last print edition next month as it makes a “historic transition” to digital-only format, its owner said Friday. ESI Media said The Independent’s final paper edition will appear March 26. Sister paper ...

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THURSDAY, FEB. 11, 2016

Federal Reserve Board Chair Janet Yellen testifies on Capitol Hill in Washington on Thursday,  before the Senate Banking Committee. (Susan Walsh / Associated Press)

Fed chief Yellen: Too early to determine economic impact of global developments

WASHINGTON – Federal Reserve Chair Janet Yellen cautioned Thursday that global economic pressures pose risks to the U.S. economy but said it’s too soon to know whether those risks are severe enough to alter the Fed’s interest-rate policies. Yellen said the Fed will determine at its next meeting in March how much economic weakness and falling markets around the world have hamstrung U.S. growth. And for a second day, Yellen was asked about the possibility that the Fed would use negative interest rates as a way to give the economy more support.

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Boeing stock plunges on report of SEC accounting probe

NEW YORK – Shares of the Boeing Co. plummeted Thursday after a report said the U.S. Securities and Exchange Commission is investigating the aircraft manufacturer’s accounting. Shares of the Chicago-based company fell 12 percent at one point during the day, ...

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U.S. markets dive amid global selloff

Major U.S. stock indexes veered sharply lower in morning trading Thursday as concerns about global economic weakness intensified. The latest slide followed steep market declines all around the world. Financial stocks were among the biggest decliners as investors worried that ...

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Average 30-year mortgage rate falls to 3.65 percent

WASHINGTON – Average long-term U.S. mortgage rates fell this week for the sixth straight week as markets around the globe continued the whipsaw trading that has marked this year so far. Mortgage buyer Freddie Mac says the average rate on ...

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