More Business Articles

  • Whole Foods profit rises but sales miss

    Updated: Wed, Jul 30, 2014

    AUSTIN, Texas (AP) — Whole Foods Market Inc. on Wednesday reported earnings that rose by 6.3 percent in its fiscal third quarter, but its stock fell after sales missed Wall Street estimates. The Austin, Texas-based company said net income increased to $151 million, or 41 cents per...

  • Figures on government spending and debt

    Updated: Wed, Jul 30, 2014

    WASHINGTON (AP) — Figures on government spending and debt (last six digits are eliminated). The government's fiscal year runs Oct. 1 through Sept. 30.

  • Fed offers a dual message on health of US economy

    Updated: Wed, Jul 30, 2014

    WASHINGTON (AP) — The Federal Reserve offered a mixed message on the U.S. economy Wednesday: Growth is strengthening, and the unemployment rate is steadily falling. Yet by some measures, the job market remains subpar. A statement the Fed issued after a two-day policy meeting suggested...

  • How the Dow Jones average fared Wednesday

    Updated: Wed, Jul 30, 2014

    U.S. stocks closed mixed Wednesday after the Federal Reserve said the economy was strengthening enough for the central bank to continue cutting its stimulus. Bond yields rose after the government reported that the U.S. economy grew at a robust annual rate of 4 percent this spring. The...

  • US judge slaps $1.3B fine on Bank of America

    Updated: Wed, Jul 30, 2014

    NEW YORK (AP) — A federal judge imposed a $1.3 billion civil penalty against Bank of America on Wednesday for its role in selling risky mortgages to Fannie Mae and Freddie Mac that were advertised as safe investments. The fine was against Countrywide, which Bank of America purchased...

  • Probe exposes flaws behind HealthCare.gov rollout

    Updated: Wed, Jul 30, 2014

    WASHINGTON (AP) — Management failures by the Obama administration set the stage for the computer woes that paralyzed the president's new health care program last fall, nonpartisan investigators said in testimony released Wednesday. Behind the administration's repeated assurances that...

  • Boeing will handle final assembly of 787-10 in SC

    Updated: Wed, Jul 30, 2014

    NEW YORK (AP) — Boeing says final assembly of its 787-10 plane, a planned larger version of its "Dreamliner" aircraft, will take place in South Carolina. The company says the work will be done in North Charleston, South Carolina, because the plane is too large to efficiently transport...

  • Text of Lois Lerner's email exchange

    Updated: Wed, Jul 30, 2014

    Former IRS official Lois Lerner had the following email exchange with a personal associate on Nov. 9, 2012. At the time, Lerner directed the IRS division that processed applications for tax-exempt status. She has since retired. During the exchange, Lerner says she is traveling in...

  • Ex-IRS official called conservatives 'crazies

    Updated: Wed, Jul 30, 2014

    WASHINGTON (AP) — A former IRS official at the center of the agency's tea party controversy referred to some right-wing Republicans as "crazies" and more in emails released Wednesday. A key GOP lawmaker says the remarks show that Lois Lerner was biased against conservative groups and...

  • Exelon will buy Integrys retail unit for $60M

    Updated: Wed, Jul 30, 2014

    NEW YORK (AP) — Energy company Exelon said it will buy the retail business of competitor Integrys for $60 million. The business, called Integrys Energy Services, sells electricity and natural gas to about 1.2 million customers in 22 states and Washington DC. Exelon said the business...

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