US job gain despite freeze raises economic hopes
2014-03-08 10:03:56 UTC
WASHINGTON (AP) — Brutal winter weather snarled traffic, canceled flights and cut power to homes and factories in February. Yet it didn't faze U.S. employers, who added 175,000 jobs, far more than the two previous months.
Modest but steady job ...
House backs bill to delay health care penalty
2014-03-05 21:21:14 UTC
WASHINGTON (AP) — The House on Wednesday backed a one-year delay in the penalty that individuals would have to pay for failing to sign up for health insurance, the 50th time Republicans have forced a vote to repeal, gut or change the law champione...
Netanyahu and Gov. Brown sign pro-business pact
2014-03-05 20:40:30 UTC
MOUNTAIN VIEW, Calif. (AP) — Israeli Prime Minister Benjamin Netanyahu made a swing through the Silicon Valley to meet with high-tech leaders and sign a pro-business agreement with Gov. Jerry Brown.
During a meeting at the Computer History Muse...
Obama to appeal to Democrats in 2015 budget
2014-03-03 22:13:27 UTC
WASHINGTON (AP) — President Barack Obama is releasing a new budget plan that strives for unity among Democrats rather than compromise with Republicans, dropping cuts to Social Security and seeking more money for infrastructure, education and job t...
US home prices dip for second straight month
2014-02-25 21:56:50 UTC
WASHINGTON (AP) — U.S. home prices fell for the second straight month in December as brutally cold weather, tight supply and higher costs slowed sales.
The Standard & Poor's/Case-Shiller 20-city home price index declined 0.1 percent from Novemb...
NABE economists divided over pace of Fed tapering
2014-02-24 10:41:19 UTC
WASHINGTON (AP) — Business economists are almost equally divided over whether the Federal Reserve will pare back bond purchases at the current pace through year's end or take a small breather to let the economy recover further.
The views were u...
Obama budget to drop benefit cost-of-living trims
2014-02-21 08:59:31 UTC
WASHINGTON (AP) — President Barack Obama will propose an election-year budget that would drop reductions he had previously embraced in federal benefits, officials disclosed Thursday. He also will ask Congress to approve about $56 billion in new or...
Budget office: Wage hike would lift pay, cost jobs
2014-02-19 07:59:48 UTC
WASHINGTON (AP) — Boosting the federal minimum wage as President Barack Obama and congressional Democrats are proposing would increase earnings for more than 16.5 million people by 2016 but also cut employment by roughly 500,000 jobs, Cong...
Obama, fellow Dems are at odds on big trade bills
2014-02-19 07:53:17 UTC
WASHINGTON (AP) — President Barack Obama wants to put major emerging trade deals with Europe and Asia on a "fast track" to congressional passage. But with midterm elections looming, many fellow Democrats are working to sidetrack them inste...
White House: Stimulus bill was good for economy
2014-02-18 06:40:29 UTC
RANCHO MIRAGE, Calif. (AP) — The costly $787 billion spending bill that President Barack Obama signed into law soon after taking office boosted the economy and helped avoid another Great Depression, the White House said in a status report on M...
Kickstarter says hackers got customer data
2014-02-17 06:37:21 UTC
Online fundraising site Kickstarter says hackers got some of its customer data.
Kickstarter co-founder Yancey Strickler said in a blog post that hackers accessed usernames, email addresses, phone numbers and passwords. The passwords are...
Obama signs debt ceiling measure into law
2014-02-16 07:49:11 UTC
RANCHO MIRAGE, Calif. (AP) — President Barack Obama on Saturday signed separate measures into law to lift the federal debt limit and restore benefits that had been cut for younger military retirees.
Obama signed the bills during a weekend...
Nevada AG takes deal in lender fraud civil lawsuit
2014-02-16 05:28:24 UTC
LAS VEGAS (AP) — Nevada took a settlement Friday and dropped a consumer-fraud lawsuit against a mortgage services firm that state Attorney General Catherine Cortez Masto had accused of orchestrating a massive illegal "robosigning" scheme.
Feds let banks and marijuana sellers do business
2014-02-15 07:21:02 UTC
WASHINGTON (AP) — The Obama administration on Friday gave banks a road map for conducting transactions with legal marijuana sellers so these new businesses can stash away savings, make payroll and pay taxes like any other enterprise. It's not ...
VW workers at Tennessee plant reject union
2014-02-15 06:03:57 UTC
CHATTANOOGA, Tenn. (AP) — Workers at a Volkswagen factory in Tennessee have voted against union representation, a devastating loss that derails the United Auto Workers union's effort to organize Southern factories.
The 712-626 vote releas...
Dems hope to force House vote on minimum wage hike
2014-02-14 07:53:42 UTC
CAMBRIDGE, Md. (AP) — House Democrats said Thursday they will try to highlight GOP resistance to a higher minimum wage with a tactical maneuver meant to bring new attention to an issue they consider a political winner.
House Democratic le...
Winter storms are threatening to chill US economy
2014-02-14 07:26:19 UTC
WASHINGTON (AP) — The winter storms barreling across much of the United States are undercutting the nation's economy just when signs of stronger growth had begun to emerge.
Retail sales tumbled in January after a smaller decline in Decemb...
Huge thermal plant opens as solar industry grows
2014-02-13 07:56:49 UTC
PRIMM, Nev. (AP) — A windy stretch of the Mojave Desert once roamed by tortoises and coyotes has been transformed by hundreds of thousands of mirrors into the largest solar power plant of its type in the world, a milestone for a growing industry t...
Another delay in health law's employer requirement
2014-02-11 08:21:12 UTC
WASHINGTON (AP) — Angling to avoid political peril, the Obama administration Monday granted employers another delay in a heavily criticized requirement that medium-to-larger firms cover their workers or face fines.
In one of several concessions...
Yellen to investors: Expect continuity at the Fed
2014-02-11 21:59:49 UTC
WASHINGTON (AP) — Federal Reserve Chair Janet Yellen sought Tuesday to reassure investors that she will embrace the approach to interest-rate policy that her predecessor, Ben Bernanke, pursued before he stepped down as chairman last month.
78K in Pa. remain without power after storm
2014-02-09 06:45:11 UTC
PHILADELPHIA (AP) — Utility crews restored power to thousands of Pennsylvania homes Saturday and early Sunday, yet some customers in the dark for days after a tree-snapping ice storm may not regain power until early next week.
About 78,000 cust...
US Employers Rate Dips to 6.6 Pct
2014-02-08 08:02:15 UTC
WASHINGTON (AP) — A second straight month of weak job growth renewed concerns Friday that the vigor displayed by the American economy late last year may be gone, at least for the moment.
The Labor Department's monthly employment report showing ...
Administration drills down to find the uninsured
2014-02-05 10:12:26 UTC
WASHINGTON (AP) — Uninsured Americans are still procrastinating about President Barack Obama's health care law. With less than 60 days left to enroll, can the administration find the millions of customers needed to sustain new insurance markets?
Dollar Strengthens Versus Euro as Spending Rises After Fed Taper
2014-02-04 20:52:40 UTC
The dollar strengthened a fifth day versus the euro as U.S. consumer spending rose the most in three years a day after the Federal Reserve scaled back bond purchases that weaken the greenback and support global asset prices.
Hungary’s forint dr...
NYC, Calif. bills show fight to protect caregivers
2014-02-03 08:01:48 UTC
NEW YORK (AP) — If you don't get a job because you're a woman, or you get fired because you're black, or you get transferred to the night shift because you're gay, there's a law for that. But if you're punished at work because you need time to tak...