Business

  • US home prices rise 10.9 pct., most since 2006
    F299b9e5e04b2711330f6a706700242e 2013-05-28 16:19:28 UTC
    WASHINGTON (AP) — U.S. home prices jumped 10.9 percent in March compared with a year ago, the most since April 2006. A growing number of buyers are bidding on a tight supply of homes, driving prices higher and helping the housing market reco...
  • US durable goods orders rise 3.3 percent in April
    9c2f35d5633fc011320f6a70670010c5 2013-05-24 16:13:43 UTC
    WASHINGTON (AP) — U.S. orders for long-lasting manufactured goods rebounded in April, buoyed by more demand for aircraft and stronger business investment. The gains suggest economic growth may be holding steady this spring. Orders for dur...
  • Survey shows China manufacturing contracting
    Ihn40uz53jy4 2013-05-23 04:25:46 UTC
    BEIJING (AP) — A survey shows China's manufacturing contracted this month, adding to signs a fragile economic recovery is slowing. HSBC Corp. said Thursday the preliminary version of its monthly purchasing managers index fell to a seven-month...
  • Bernanke signals Fed to maintain stimulus efforts
    S1.reutersmedia 2013-05-22 17:13:52 UTC
    WASHINGTON (AP) — Chairman Ben Bernanke told Congress Wednesday that the U.S. job market remains weak and that it is too soon for the Federal Reserve to end its extraordinary stimulus programs. Reducing the Fed's efforts to keep borrowi...
  • Stocks rise on Fed stimulus hopes, home sales
    8bbc57b726a19511320f6a7067009c35 2013-05-22 17:12:51 UTC
    NEW YORK (AP) — Stocks are moving higher Wednesday after Federal Reserve Chairman Ben Bernanke said it was too soon for the central bank to pull back on its economic stimulus programs. Investors were also encouraged by news that sales of ...
  • US auto factories cutting back on summer downtime
    F1c0857d24858c11320f6a706700af3e 2013-05-22 17:07:21 UTC
    DETROIT (AP) — The Detroit automakers are largely forgoing the traditional two-week summer break at their factories and speeding up production to meet buyers' growing demand for new cars and trucks. Ford Motor Co. said Wednesday that 21...
  • Housing recovery boosts Home Depot 1Q results
    1a1d5aa806757711320f6a7067003900 2013-05-21 17:28:21 UTC
    NEW YORK (AP) — Home Depot Inc.'s first-quarter net income rose 18 percent, thanks to the ongoing housing recovery, despite a chilly and wet spring. Its quarterly results topped Wall Street expectations, and the world's biggest home impro...
  • Actavis buying Warner Chilcott in $8.5B deal
    Ij9bqwnxjhrm 2013-05-20 17:34:19 UTC
    NEW YORK (AP) — Actavis is buying Warner Chilcott in an all-stock deal valued at about $8.5 billion that would create the third-biggest specialty pharmaceutical company in the U.S. market. The announcement Monday comes after the companies...
  • Brazil approves law to modernize ports
    Pptni-j6uct5mxjve3gu5psgvefvmxdsol45bzcuhf0 2013-05-18 05:07:05 UTC
    SAO PAULO (AP) — Brazil plans to modernize and expand its overcrowded ports, attract private investments to the sector and make it easier for companies to hire skilled foreign workers, in a bid to spur economic growth, The Brazilian Congr...
  • A late fade on Wall Street; Wal-Mart, Disney slump
    201201040835575299309-wall_street_320x200 2013-05-17 04:14:49 UTC
    NEW YORK (AP) — Signs of a slowing economy combined with comments from a Federal Reserve official helped pull the stock market down Thursday. There was plenty of discouraging news. Applications for unemployment benefits rose last week and...
  • German economy returns to modest growth
    119610778_bmw_372831c 2013-05-15 06:39:09 UTC
    BERLIN (AP) — The German economy, Europe's biggest, returned to very modest growth in the first quarter and avoided a recession. Germany's Federal Statistical Office said Wednesday that the economy grew by a slight 0.1 percent in the January-...
  • Stocks mixed as retail sales unexpectedly rise
    10058623_h10059197-600x344 2013-05-13 17:32:03 UTC
    NEW YORK (AP) — A record-breaking rally in stocks stalled Monday as investors assessed whether stock valuations were overstating the improvement in the economy. Stocks started the day lower even after the government reported t...
  • US retail sales rise in April on cars, clothing
    6ab812e110cebf10310f6a7067002f7e 2013-05-13 17:28:23 UTC
    WASHINGTON (AP) — Americans increased their spending in April at retail businesses, buying more cars and clothes while paying less for gas. The rebound from a weak March suggests consumers may help boost economic growth again this sp...
  • Mark Zuckerberg's Group Loses High-Profile Backers Elon Musk, David Sacks
    Diaalnews 2014-02-22 20:41:13 UTC
    <a href="http://diaalnews.com/news/14547"><h3>Does WhatsApp deal show Zuckerberg knows what's up?</h3></a> <a href="http://diaalnews.com/news/14534"><h3>Facebook buying messaging app WhatsApp for $19 billion</h3></a> WASHINGTON -- Billio...
  • US jobless aid applications fall to 5-year low
    Cd35645c9302540f310f6a70670086eb 2013-05-10 05:00:19 UTC
    WASHINGTON (AP) — The number of Americans who applied for unemployment benefits fell by 4,000 last week to a seasonally adjusted 323,000, a five-year low. Layoffs have returned to pre-recession levels, a trend that could lead to more h...
  • US factory orders down 4 percent in March
    Auto_factory_1_lg 2013-05-03 17:15:22 UTC
    WASHINGTON (AP) — Orders to U.S. factories fell in March by the largest amount in seven months but a key category that signals business investment plans managed a small increase. Factory orders dropped 4 percent in March, reflecting a big...
  • US service firms grew more slowly in April
    146b3e12dc33d00e300f6a706700131e 2013-05-03 17:13:55 UTC
    WASHINGTON (AP) — A survey of U.S. service firms says the sector expanded at a slower pace in April than March, as companies reported less business activity and couldn't raise their prices. The Institute for Supply Management said Friday ...
  • US employers add 165K jobs; rate falls to 7.5 pct.
    22151804_bg1 2013-05-03 17:11:40 UTC
    WASHINGTON (AP) — The U.S. economy showed last month why it remains the envy of industrialized nations: In the face of tax increases and federal spending cuts, employers added a solid 165,000 jobs in April — and far more in February and Marc...
  • Stocks gain after unemployment claims fall
    145c7f49bcd5b60e300f6a70670089ac 2013-05-02 19:11:15 UTC
    NEW YORK (AP) — Encouraging news about the job market and higher profits from CBS, Facebook and other companies lifted stocks Thursday. Signs of increased hiring have supported this year's surge in stocks and pushed the market to record...
  • Oil slips as US growth lags expectations
    Oil-prices-falling-758090 2013-04-26 17:30:41 UTC
    NEW YORK (AP) — The price of oil slipped after two days of strong gains as U.S. economic growth was slightly slower than expected. By midday in New York Friday, benchmark oil for June delivery was down $1.18, or 1.3 percent, to $92.46 a b...
  • Stocks mostly lower on tepid US economic growth
    460x 2013-04-26 17:28:21 UTC
    NEW YORK (AP) — The stock market sputtered Friday after the U.S. economy didn't grow as much as hoped. Neither did earnings from a handful of big companies like Amazon.com. The economy grew at an annual rate of 2.5 percent in the first ...
  • S&P nears record as home price surge lifts stocks
    10058623_h10059197-600x344 2013-03-26 23:18:54 UTC
    NEW YORK (AP) — More good news on the economy Tuesday drove the Standard & Poor's 500 index to within two points of its record closing high. The S&P rose 12.08 points, or 0.8 percent, to 1,563.77. Its record close of 1,565.16 ...
  • Oil rises on auspicious US economic data
    Oil-rises1 2013-03-26 20:02:42 UTC
    NEW YORK (AP) — The price of oil climbed above $96 a barrel Tuesday after fresh U.S. economic data suggested the world's largest economy keeps recovering. Benchmark crude for May delivery gained $1.53 to finish at a five-week hi...
  • Housing, manufacturing give US economy lift
    36da36d945823e0a2d0f6a7067005a30 2013-03-26 19:35:59 UTC
    WASHINGTON (AP) — Gains in housing and manufacturing propelled the U.S. economy over the winter, according to reports released Tuesday, and analysts say they point to the resilience of consumers and businesses as government spendi...
  • Bernanke: Low interest-rate-policies benefit trade
    Imagesca4xsjx2 2013-03-25 18:22:28 UTC
    WASHINGTON (AP) — Chairman Ben Bernanke said Monday that the Federal Reserve's low-interest-rate policies are helping to boost growth around the world and have created markets for products made in developing nations. In a speec...