More Business Articles

  • Stocks move higher; S&P 500 at record high

    Updated: Thu, Aug 21, 2014

    NEW YORK (AP) — U.S. stocks were on pace for a fourth-straight day of gains Thursday, putting the Standard & Poor's 500 index on track to beat its record high close set last month. Investors were encouraged by a report that the number of people seeking unemployment benefits remains at...

  • US housing recovery appears to be back on track

    Updated: Thu, Aug 21, 2014

    WASHINGTON (AP) — A fourth straight monthly increase in sales of existing homes provided the latest evidence Thursday that the U.S. housing market is rebounding from a weak start to the year. Housing has been a drag on an otherwise strengthening economy, in part because a harsh winter...

  • Bank of America settlement likely to benefit few

    Updated: Thu, Aug 21, 2014

    WASHINGTON (AP) — Bank of America's record $16.65 billion settlement for its role in selling shoddy mortgage bonds — $7 billion of it geared for consumer relief — offers a glint of hope for desperate homeowners. The settlement requires the second-largest U.S. bank to reduce some...

  • United lures top fliers with promise of a hot meal

    Updated: Thu, Aug 21, 2014

    NEW YORK (AP) — To win the hearts of frequent business travelers, United Airlines is going through their stomachs. The carrier has been looking for ways to woo back some of its top fliers who defected to other carriers following a rocky merger with Continental Airlines. So, it's...

  • Average US 30-year mortgage rate at 4.10 pct

    Updated: Thu, Aug 21, 2014

    WASHINGTON (AP) — Average long-term U.S. mortgage rates declined this week, with the 30-year loan rate hitting its 52-week low. Mortgage company Freddie Mac said Thursday the nationwide average for a 30-year mortgage fell to 4.10 percent from 4.12 percent last week. The average for a...

  • Gauge of US economy rises 0.9 percent in July

    Updated: Thu, Aug 21, 2014

    WASHINGTON (AP) — A gauge designed to predict the economy's future health posted the sharpest advance in four months in July, indicating the economy is gaining traction headed into the last half of the year. The Conference Board said Thursday that its index of leading indicators rose...

  • New restrictions on hydrocodone to take effect

    Updated: Thu, Aug 21, 2014

    WASHINGTON (AP) — The federal government is finalizing new restrictions on hundreds of medicines containing hydrocodone, the highly addictive painkiller that has grown into the most widely prescribed drug in the U.S. The new rules mean that drugs like Vicodin, Lortab and their generic...

  • Officer involved in Wal-Mart shooting back on job

    Updated: Thu, Aug 21, 2014

    BEAVERCREEK, Ohio (AP) — One of two police officers involved in the fatal shooting of a man at an Ohio Wal-Mart is back on the job. Sgt. David Darkow returned to work following the Aug. 5 shooting in the Dayton suburb, Beavercreek city attorney Stephen McHugh told the Dayton Daily...

  • Family Dollar rejects Dollar General offer

    Updated: Thu, Aug 21, 2014

    Family Dollar has rejected a takeover bid from dollar-store competitor Dollar General, saying it would be too hard for the deal to pass antitrust regulators. Family Dollar's board said it supports its existing deal to be acquired by Dollar Tree. Family Dollar Stores Inc. Chairman and...

  • Deals only a click away for back-to-school season

    Updated: 38 min ago

    NEW YORK (AP) — It's mid-August, and parents are scrambling to outfit their kids with backpacks, gadgets and jeans as the clock winds down toward the first day of school. But don't fret. This season, stores are offering new services and apps to cater to time-starved, smartphone-savvy...

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