Latest Business Stories
Key House chairman slams Senate immigration bill
A key House committee chairman says a wide-ranging immigration bill just passed by a Senate committee falls far short of what is needed to end the problem of illegal immigration. House Judiciary Committee Chairman Bob Goodlatte also says the bill is unlikely to secure the border and may just repeat ...
Stocks fall on news Fed weighed cutting stimulus
Stocks fell in afternoon trading Wednesday on news that several Federal Reserve policymakers in a meeting earlier this month favored cutting back on stimulus programs as early as June if the economy continued to improve. The release of minutes of the April 30-May 1 meeting reversed a surge earlier in ...
Trial for captain in deadly shipwreck in Italy
An Italian judge has ordered the captain of the Costa Concordia cruise ship to stand trial for manslaughter in the vessel's shipwreck off the coast of Tuscany, which killed 32 people. Judge Pietro Molino, at a closed-door hearing Wednesday in the town of Grosseto, agreed to prosecutors' request that Capt. ...
Oil falls near $94 on small drop in supplies
The price of oil fell near $94 a barrel Wednesday as the nation's oil supply fell less than expected and demand for gasoline remained weak. Benchmark crude for July delivery declined $1.90 to close at $94.28 a barrel on the New York Mercantile Exchange. The Energy Department said U.S. crude ...
Fiat Industrial aims to shift tax home to Britain
Fiat Industrial disputed as "absolutely false" reports Wednesday that Italy would lose 500 million euros ($646 million) in tax revenues if it moves its tax base to Britain after it completes a merger with its U.S.-based subsidiary CNH Global NV. But the maker of heavy trucks, farm and construction vehicles ...
Fed weighed slowing its pace of bond purchases
Several Federal Reserve policymakers this month favored slowing the Fed's efforts to maintain record-low long-term interest rates as early as June — if the economy showed strong and sustained growth. But those officials appeared at odds over what evidence would demonstrate such gains. Minutes of the Fed's April 30-May 1 ...
EU steps up fight against tax evasion by end 2013
The European Union's leaders took a major step in tackling tax-dodgers Wednesday by pushing to end bank secrecy across the bloc's 27 members by the end of the year. German Chancellor Angela Merkel hailed the agreement to set up an automatic exchange of bank information among the EU's tax authorities ...
Bernanke signals Fed to maintain stimulus efforts
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 slow its extraordinary stimulus programs. Reducing the Fed's efforts to keep borrowing rates low would "carry a substantial risk of slowing or ending the economic recovery," ...
'Boom Town Baby': African stock markets see gains
The barrage of hourly tweets sent out by Aly-Khan Satchu — East Africa's version of CNBC's Mad Money host Jim Cramer — cheers on what Satchu says is a growing sentiment among investors: If you're not investing in Africa, you should be. Or as Satchu loudly proclaims on his Twitter ...
House takes up GOP bill to speed pipeline approval
The House has taken up a Republican-sponsored bill that would speed approval of the proposed Keystone XL oil pipeline from Canada to Texas. Supporters say the bill, sponsored by Rep. Lee Terry of Nebraska, is needed to ensure the long-delayed pipeline is built. The project, which first was proposed in ...
Target's 1Q profit drops 29 pct on weak sales
Target Corp. reported a 29 percent drop in first-quarter profit as unusually cool spring weather and financial pressures chilled customers' appetite for spending. The company, based in Minneapolis, also on Wednesday cut its annual profit outlook, sending its stock down. Target is the latest in a string of companies including ...
IRS official Lerner: 'I did nothing wrong'
The Internal Revenue Service official at the center of the storm over the agency's targeting of conservative groups told Congress on Wednesday that she had done nothing wrong in the episode, and then invoked her constitutional right to refuse to answer lawmakers' questions. In one of the most electric moments ...
Judge: Hollister clothing unfriendly to disabled
A federal judge in Denver is contemplating an injunction against Abercrombie & Fitch Co. and J.M. Hollister LLC after ruling earlier that nearly 250 of their clothing stores that cater to a hip, young clientele are unfriendly to the disabled. The lawsuit was filed on behalf of several Colorado customers ...
Weak yen a help for Japan, but headache elsewhere
A steady fall in the value of the yen is proving a godsend for exporters such as Toyota. The cheaper yen is making their products more affordable overseas. Japan's trading partners are generally pleased, too, even though the lower yen makes their exports relatively more expensive. As many see it, ...
Fox show brings messy workplaces to television
This time "you're fired" is more than a Donald Trump catchphrase. Fox is turning the firing of real people from real jobs into prime-time entertainment starting this week. The network on Thursday will begin airing "Does Someone Have to Go?" a series where cameras go into small businesses and employees ...
Stocks surge as Bernanke retains dovish tone
Federal Reserve Chairman Ben Bernanke's signal that monetary policy will remain loose gave stocks another lift Wednesday, paving the way for many indexes to advance to new record highs. Following a run of upbeat U.S. economic news, largely related to housing and jobs, there had been talk in the markets ...
Feds open special inspection into NC nuke plant
Federal regulators said Wednesday that they are conducting a special inspection of a nuclear power plant outside North Carolina's capital city that was forced to shut down last week after operators discovered corrosion and cracking in the reactor vessel's covering. Two Nuclear Regulatory Commission specialist inspectors will join the on-site ...
Germans, French eye plan to create jobs for young
Germany and France are preparing to launch a drive to combat the problem of high European youth unemployment, which officials in Berlin say will center on trying to get business involved and make better use of already-pledged public money. Germany's labor minister, Ursula von der Leyen, said Wednesday that she ...
IMF calls on Britain to do more for growth
The International Monetary Fund has called on Britain to do more to support the economic recovery, urging the government Wednesday to speed up investment in infrastructure and come up with a plan to privatize its bailed out banks. In a review of Britain's policies, which had been hotly anticipated after ...
Iceland forms center-right govt, halts EU talks
The leader of the center-right Progressive Party was chosen as Iceland's new prime minister Wednesday and promptly announced a halt to talks with the European Union about joining the 27-nation bloc. Sigmundur David Gunnlaugsson spoke about the policy shift at a press conference after being selected premier. "The government intends ...
Featured Articles
Ads By Google
© 2013 Cox Media Group. By using this website,
you accept the terms of our Visitor Agreement and Privacy Policy, and understand your options regarding Ad Choices
.
You're Almost Done!
Select a display name and password
{* #socialRegistrationForm *} {* socialRegistration_displayName *} {* socialRegistration_emailAddress *} {* traditionalRegistration_password *} {* traditionalRegistration_passwordConfirm *}Tell us about yourself
{* registration_firstName *} {* registration_lastName *} {* registration_postalZip *} {* registration_birthday *} {* registration_gender *} {* agreeToTerms *}