Stories tagged: economy
FRIDAY, FEB. 5, 2016, 6:52 A.M.
Bridgestone-Firestone recalls over 36,000 truck tires
Bridgestone-Firestone North America is recalling nearly more than 36,000 heavy truck tires in the U.S. and Canada because the tread can separate from the body and cause the tires to …
FRIDAY, FEB. 5, 2016, 6:50 A.M.
US exports fell in 2015 for first time since recession
The U.S. trade deficit rose in December as American exports fell for a third straight month, reflecting the pressures of a stronger dollar and spreading global weakness. Those factors contributed …
FRIDAY, FEB. 5, 2016, 5:52 A.M.
Obama seeks $10-per-barrel oil tax to fund clean transport
President Barack Obama wants oil companies to pay a $10 fee for every barrel of oil to help fund investments in clean transportation that fight climate change.
WEDNESDAY, FEB. 3, 2016, 6:28 P.M.
2.2M Hondas, Acuras being recalled for Takata air bag trouble
Honda is recalling another 2.2 million Honda and Acura vehicles because the driver’s air bag inflators made by Takata can explode and hurl shrapnel into the passenger compartment.
WEDNESDAY, FEB. 3, 2016, 6:08 P.M.
Lawmakers seek $1 billion for struggling coal states
Lawmakers from Appalachian states hit hard by a downturn in the coal industry are proposing to set aside $1 billion from a federal fund to use for economic development.
WEDNESDAY, FEB. 3, 2016, 6:06 P.M.
Asia-Pacific region trade pact signed
President Barack Obama is applauding the signing of an ambitious free trade agreement among 12 countries that he says would support jobs in the United States.
WEDNESDAY, FEB. 3, 2016, 1:26 P.M.
Stocks stage a late turnaround, led by the energy sector
NEW YORK – Stocks closed mostly higher after a surge in the price of crude oil gave a respite to the beaten-down energy sector. U.S. crude jumped 8 percent Wednesday, …
WEDNESDAY, FEB. 3, 2016, 11:20 A.M.
House passes bill aimed at lowering gender wage gap
OLYMPIA – The Washington House has passed a bill that seeks to reduce the wage gap between men and women and prohibit employers from assigning less favorable employment opportunities to …
WEDNESDAY, FEB. 3, 2016, 11:11 A.M.
Hiring slowed in January; job growth still solid
Hiring by U.S. businesses slowed in January, but private-sector job growth remained solid in a sign the labor market has been able to withstand the recent financial market turmoil, according …
WEDNESDAY, FEB. 3, 2016, 10:34 A.M.
Lowe’s to buy Canadian chain Rona for $2.3 billion
Lowe’s said Wednesday it plans to acquire a Canadian home improvement company for $2.3 billion, marking the Charlotte-area retailer’s second attempt to acquire Quebec-based Rona.
WEDNESDAY, FEB. 3, 2016, 10:29 A.M.
Wells Fargo to pay $1.2B federal mortgage settlement
Wells Fargo has agreed to a $1.2 billion settlement to resolve a long-running mortgage dispute with the U.S. government, a move that slashes the bank’s 2015 profit by $134 million.
WEDNESDAY, FEB. 3, 2016, 8:49 A.M.
Comcast loses fewest TV customers in 8 years
Comcast is trumpeting its best year for traditional TV services in nearly a decade, even though it continues to lose TV subscribers.
WEDNESDAY, FEB. 3, 2016, 8:43 A.M.
Idaho wine grape quantity down, quality up, vintners say
Weather in 2015 made for a smaller wine grape harvest in Idaho, which officials say could affect production of some favored wine varieties.
TUESDAY, FEB. 2, 2016, 2:29 P.M.
Stocks sink, weighed down by another drop in price of oil
The Dow Jones industrial average dropped 295 points, or 1.8 percent, to 16,153.
TUESDAY, FEB. 2, 2016, 1:13 P.M.
Plan to spin off air traffic control generates turbulence
The air traffic control system that choreographs the roughly 7,000 aircraft in U.S. skies at any given moment is the most complex, but also one of the safest, in the …
TUESDAY, FEB. 2, 2016, 9:59 A.M.
Cheap oil buoys consumers, shakes up global governments
Oil has fallen from $107 to around $30 in the past 19 months. Furious production by the U.S. and OPEC led to an oversupply. Recently, a sluggish global economy has …
TUESDAY, FEB. 2, 2016, 7:53 A.M.
IRS phone service has left taxpayers on hold
The Internal Revenue Service, which saw its workforce dwindle steadily from 2010 to 2015, says a modest budget increase has left it better equipped to respond to the tens of …
TUESDAY, FEB. 2, 2016, 7:35 A.M.
Air bag-maker Takata struggling with quality processes, panel finds
An outside panel hired by embattled air bag maker Takata Corp. says the company lacks processes to improve product quality including air bag inflators that have been blamed for at …
MONDAY, FEB. 1, 2016, 3:13 P.M.
Google parent Alphabet tops Apple as world’s most valuable company
Alphabet, Google’s new parent company, topped Apple as the world’s most valuable business in after-hours trading Monday after reporting surging earnings.
MONDAY, FEB. 1, 2016, 1:42 P.M.
U.S. stocks mostly lower; energy prices plunge
The Dow Jones industrial average edged down 17 points, or 0.1 percent, to 16,449.
MONDAY, FEB. 1, 2016, 11:55 A.M.
France to U.S.: Lift economic embargo on Cuba
France called on the U.S. to lift the economic embargo against Cuba during a historic state visit Monday by the Caribbean island’s president aimed at boosting economic relations between Havana …
MONDAY, FEB. 1, 2016, 11:21 A.M.
Iran: $100B in assets ‘fully released’ under nuclear deal
Iran said Monday it now has access to more than $100 billion worth of frozen overseas assets following the implementation of a landmark nuclear deal with world powers.
MONDAY, FEB. 1, 2016, 11:02 A.M.
U.S. consumer spending flat, sending savings rate up
U.S. consumers kept their spending flat in December and instead boosted their savings rate to the highest level in three years.
MONDAY, FEB. 1, 2016, 10:45 A.M.
U.S. manufacturing weakens in line with China factory slowdown
Factory activity in the world’s two biggest economies – the United States and China – slowed in January, a discouraging trend for the global economy.
MONDAY, FEB. 1, 2016, 10:43 A.M.
U.S. construction spending hit 8-year-high in 2015
U.S. construction spending rebounded slightly in December, helping push total spending for 2015 to the highest level in eight years.
FRIDAY, JAN. 29, 2016, 1:24 P.M.
U.S. stocks soar; Microsoft leads a surge in technology
Stocks soared on the last trading day of January, led by big gains in technology companies after Microsoft turned in a strong quarter.
FRIDAY, JAN. 29, 2016, 1:02 P.M.
Nevada casinos win $11 billion in 2015
The house ended up winning about $11.1 billion of all the money gambled in Nevada in 2015 – an increase of 1 percent from 2014 but still below Nevada’s peak …
FRIDAY, JAN. 29, 2016, 11 A.M.
Obama: Closing pay gap for women, minorities still a work in progress
President Barack Obama sought to showcase progress on his watch on closing the pay gap for women while keeping up the pressure on business, Congress and individuals to tackle an …
FRIDAY, JAN. 29, 2016, 10:09 A.M.
Nissan to recall Altimas for third time to fix hood latches
Nissan is recalling nearly 930,000 Altima midsize cars worldwide – some for a third time – to fix a latch problem that could let the hood fly open while the …
FRIDAY, JAN. 29, 2016, 9:55 A.M.
U.S. economy slowed to 0.7 pct. growth rate last quarter
The U.S. economy’s growth slowed sharply in the final three months of 2015 to a 0.7 percent annual rate. Consumers slowed spending, businesses cut back on investment and global problems …