Stories tagged: economy
WEDNESDAY, FEB. 17, 2016, 5:09 P.M.
45 million more Gulf acres to be opened for energy development
The federal government will hold lease sales next month to open up 45 million acres in the Gulf of Mexico for oil and gas exploration, the Obama administration announced Thursday.
WEDNESDAY, FEB. 17, 2016, 2:55 P.M.
KFC executive says chain going through ‘re-Colonelization’
Kentucky Fried Chicken is channeling Colonel Sanders to revive its business.
WEDNESDAY, FEB. 17, 2016, 1:53 P.M.
Mexico drops dollar auctions, raises rates, cuts spending
The Mexican government said Wednesday that it is dropping daily dollar auctions, raising interest rates and cutting government spending by 0.7 percent of GDP as it tries to counter falls …
WEDNESDAY, FEB. 17, 2016, 1:29 P.M.
Stocks end higher for a 3rd day, led by gains in energy
The Dow average rose 257 points, or 1.6 percent, to 16,453.
WEDNESDAY, FEB. 17, 2016, 11:29 A.M.
Fed worried by global turmoil, minutes show
Federal Reserve policymakers expressed growing concerns at their meeting last month about potential threats to the U.S. economy, including turbulence in financial markets, plunging oil prices and slowing growth in …
WEDNESDAY, FEB. 17, 2016, 11:06 A.M.
Sea-Tac Airport workers sue over $15 wage back payments
More than a dozen workers at Seattle-Tacoma International Airport filed lawsuits on Wednesday over the $15 minimum wage they say they have not been paid.
WEDNESDAY, FEB. 17, 2016, 11:03 A.M.
Revenue projections for Washington lower than expected
As lawmakers prepare to unveil a supplemental budget proposal, they have learned that they have a little less money to work with in the current budget cycle.
WEDNESDAY, FEB. 17, 2016, 10:17 A.M.
Factory output rises in January by most in 6 months
U.S. factories cranked out more autos, furniture and food last month, boosting production by the most since July.
WEDNESDAY, FEB. 17, 2016, 10:14 A.M.
U.S. producer prices up 0.1 percent in January
U.S. producer prices edged up slightly in January as the biggest rise in food costs in eight months offset a further decline in energy prices. The tiny overall increase indicated …
WEDNESDAY, FEB. 17, 2016, 10:06 A.M.
Bombardier to cut about 7,000 jobs, hire for growth areas
Bombardier says it plans to cut approximately 7,000 jobs – or about 10 percent of its global workforce– over two years, even as it adds jobs in growing areas of …
TUESDAY, FEB. 16, 2016, 11:52 A.M.
Nordstrom taking discount Rack concept to Canada
Nordstrom will open its first Nordstrom Rack in Canada in Toronto in 2018.
TUESDAY, FEB. 16, 2016, 11:33 A.M.
17 governors announce clean energy, transportation agreement
Governors from 17 states are committing to work together to seek cleaner energy and transportation, and to build a better electrical grid.
TUESDAY, FEB. 16, 2016, 11:24 A.M.
USDA rules would increase food stamp access to healthy foods
The Agriculture Department unveiled new rules on Tuesday that would force retailers who accept food stamps to stock a wider variety of healthy foods or face the loss of business …
TUESDAY, FEB. 16, 2016, 11:06 A.M.
ADT to be acquired by Apollo investment firm
ADT, the nation’s largest residential security firm, has agreed to be acquired by investment firm Apollo Global Management for $7 billion.
TUESDAY, FEB. 16, 2016, 9:40 A.M.
U.S. homebuilder sentiment slips in February
U.S. homebuilders are feeling less confident about their sales prospects ahead of the spring home-selling season, though they remain positive overall that the housing market will continue to improve this …
TUESDAY, FEB. 16, 2016, 9:08 A.M.
Russia, Saudis tentatively offer to freeze oil output levels
Oil powerhouses Russia and Saudi Arabia joined Qatar and Venezuela in pledging Tuesday to cap their crude output if other producers do the same, aiming to halt a slide that …
TUESDAY, FEB. 16, 2016, 8:54 A.M.
Oregon Lottery debuts Latino, Chinese New Year games
The Oregon Lottery has long avoided advertising specifically to ethnic minorities, but the organization is beginning to change course.
TUESDAY, FEB. 16, 2016, 7:56 A.M.
US, Cuba sign deal on commercial flights
The United States and Cuba have signed an agreement to resume commercial air traffic for the first time in five decades, starting the clock on dozens of new flights operating …
FRIDAY, FEB. 12, 2016, 3:02 P.M.
Delta pays out record profit sharing
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.
FRIDAY, FEB. 12, 2016, 1:56 P.M.
U.S., Cuba to restart commercial flights
U.S. officials say the United States and Cuba will sign an agreement next week to restart commercial air traffic for the first time in five decades.
FRIDAY, FEB. 12, 2016, 10:43 A.M.
Sue Lani Madsen: Raising the minimum wage helps few workers, hurts the economy
Raising the minimum wage can push the cost of labor beyond the value of the task.
FRIDAY, FEB. 12, 2016, 7:24 A.M.
Retail sales rise as consumers shrug off stock price drop
U.S. retail sales rose modestly in January, evidence that Americans kept shopping despite sharp drops in stock prices.
WEDNESDAY, FEB. 10, 2016, 2:12 P.M.
Early stocks rally mostly gone by closing bell
The Dow fell 99.64 points, or 0.6 percent, to 15,914.74. The average is now down 8.7 percent this year. The S&P 500 index slipped 0.35 point, or 0.02 percent, to …
WEDNESDAY, FEB. 10, 2016, 9:51 A.M.
Retail sales growth forecast at 3.1 percent in 2016
The National Retail Federation is forecasting retail spending growth of 3.1 percent in 2016, a slowdown from the group’s annual estimate a year ago.
WEDNESDAY, FEB. 10, 2016, 9:24 A.M.
Fed boss Yellen: Slower rate hikes if economy disappoints
Federal Reserve Chair Janet Yellen said the U.S. economy faces a number of global threats that could hamper growth and compel the Fed to slow the pace of future interest …
TUESDAY, FEB. 9, 2016, 4:23 P.M.
Gasoline will average under $2 in 2016, energy agency says
For the first time since 2004, U.S. drivers are expected to pay an average of less than $2 a gallon for gasoline, the government said Tuesday.
TUESDAY, FEB. 9, 2016, 10:39 A.M.
Postal Service shows profit during year-end holiday season
A strong holiday shipping season and a couple of favorable economic situations have temporarily turned around the financial fortunes of the Postal Service.
TUESDAY, FEB. 9, 2016, 10:17 A.M.
After challenging holiday, Sears to speed up store closings
Sears keeps pruning its business in a years-long makeover, a bid to transform itself from a 123-year-old retail store into a nimble, 21st century operator. Patience appears to be wearing …
MONDAY, FEB. 8, 2016, 2:43 P.M.
Giant red carpet for Egypt leader’s motorcade sparks uproar
Egyptian President Abdel-Fattah el-Sissi is facing criticism after a massive red carpet was laid over public roads for his motorcade during a trip to open a social housing project in …
FRIDAY, FEB. 5, 2016, 6:56 P.M.
Many see cause for optimism despite slower U.S. job growth
WASHINGTON – Consider looking past January’s so-so job growth. At first glance, Friday’s government report on U.S. hiring was a downer – 151,000 added jobs, well below the pace of …