More Business Articles

  • FedEx to hike ground, express delivery rates

    Updated: 12 hr ago

    MEMPHIS, Tenn. (AP) — FedEx says it will raise U.S. rates for express, ground and home-delivery shipments by an average of 4.9 percent in January. The company said Tuesday that rates also will change for FedEx SmartPost, which uses the U.S. Postal Service for final delivery, although...

  • Landmark fracking study finds no water pollution

    The Associated Press
    Updated: 12 hr ago

      PITTSBURGH — The final report from a landmark federal study on hydraulic fracturing, or fracking, found no evidence that chemicals or brine water from the gas drilling process moved upward to contaminate drinking water at a site in western Pennsylvania. The Department...

  • Figures on government spending and debt

    Updated: 12 hr ago

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

  • New Jersey loses 4th casino as Trump Plaza closes

    Updated: 12 hr ago

    ATLANTIC CITY, N.J. (AP) — Beset by crushing debt, fleeing customers and run-down facilities, Trump Plaza on Tuesday became the fourth casino in Atlantic City to shut down this year. The 30-year-old casino at the heart of the Boardwalk had been the town's worst performing for years....

  • Self-driving cars now need a permit in California

    Updated: 12 hr ago

    LOS ANGELES (AP) — Computer-driven cars have been testing their skills on California roads for more than four years — but until now, the Department of Motor Vehicles wasn't sure just how many were rolling around. That changed Tuesday, when the agency required self-driving cars to be...

  • Foreign holdings of US Treasury securities dip

    Updated: 12 hr ago

    WASHINGTON (AP) — Foreign buyers of U.S. Treasury securities trimmed their holdings in July after hitting a record level in June. The two biggest purchasers, China and Japan, both cut back. The Treasury Department said Tuesday in its monthly report that foreign holdings dipped 0.3...

  • Glimcher and Apple are big market movers

    Updated: 12 hr ago

    NEW YORK (AP) — Stocks that moved substantially or traded heavily Tuesday on the New York Stock Exchange and the Nasdaq Stock Market: NYSE Glimcher Realty Trust, up $3.16 to $13.75 The shopping mall operator is being acquired by real estate investment trust Washington Prime Group...

  • Sears takes $400M loan from Lampert's hedge fund

    Updated: 13 hr ago

    NEW YORK (AP) — Sears is taking out a $400 million secured short-term loan from a hedge fund run by CEO Edward Lampert. The Hoffman Estates, Illinois, company, which runs Sears and Kmart stores, said in a regulatory filing that the loan is from entities affiliated with Lampert's ESL...

  • Mall mashup: Washington Prime to buy Glimcher

    Updated: 13 hr ago

    NEW YORK (AP) — Washington Prime Group Inc., which spun off from mall operator Simon Property Group earlier this year, said Tuesday that it is buying rival Glimcher Realty Trust. The cash-and-stock deal is worth about $2.06 billion. The combined company will own 119 malls and shopping...

  • US stocks end higher ahead of Fed meeting results

    Updated: 13 hr ago

    NEW YORK (AP) — The stock market is closing broadly higher as investors await the results of a key meeting by the Federal Reserve. All 10 industry groups in the Standard & Poor's 500 index rose Tuesday, led by health care, utilities and energy companies. The Dow rose 100 points, or...

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