Archive | Business RSS feed for this section

US stocks move higher; IBM disappoint

    NEW YORK (AP) — U.S. stocks were mostly higher Monday following a turbulent week. The market’s gains were partly held back by IBM, which slid after reporting results that missed investor expectations. KEEPING SCORE: The Dow Jones industrial average lost 72 points, or 0.4 percent, to 16,306 as of 9:55 a.m. Eastern. The [...]

Comments Off Continue Reading →

‘Fury’ blasts ‘Gone Girl’ from top of box office

  LOS ANGELES (AP) — The bloody World War II drama “Fury” blew past “Gone Girl” at theaters this weekend, October 17th-19th. “Gone Girl” was tops at the box office for two weeks before Brad Pitt and his rag-tag group of tank mates in “Fury” blasted the film to second place. Sony’s “Fury” captured $23.5 [...]

Comments Off Continue Reading →

CBS debuts stand-alone streaming service

  NEW YORK (AP) — CBS is launching a stand-alone digital streaming service for $5.99 a month that will offer subscribers access to its current and older shows. The broadcast TV network says current shows such as “The Good Wife” and “Survivor” will be available the day after they air on the service, called CBS [...]

Comments Off Continue Reading →

US stocks open lower; Sell-off continues in Europe

    U.S. stocks are opening lower while European markets suffer even steeper declines. The Dow Jones industrial average fell 124 points, or 0.8 percent, to 16,019 as of 9:35 a.m. Eastern time Thursday. The Standard & Poor’s 500 index lost 19 points, or 1 percent, to 1,844. The Nasdaq composite fell 48 points, or [...]

Comments Off Continue Reading →

World stock market sell-off deepens

  LONDON (AP) — The global sell-off in stock markets deepened Thursday amid broad concerns over the health of the world economy. European stocks were hit particularly hard on doubts over the financial stability of Greece. The German DAX stock index was down 1.5 percent by midday in Europe. France’s CAC 40 shed 2.1 percent [...]

Comments Off Continue Reading →

US factory output rises 0.5 percent in September

  WASHINGTON (AP) — U.S. manufacturing output rose in September, led by gains for aerospace products, furniture, clothing and plastics. The Federal Reserve says output at manufacturing plants rose 0.5 percent in September after falling 0.5 percent in August. Total industrial production surged 1 percent last month, as output from mines and utilities both increased. [...]

Comments Off Continue Reading →

VW nudges GM out of 2nd place in global sales race

  DETROIT (AP) — Volkswagen edged out General Motors for second place in the global auto sales race during the first three quarters of the year, but Toyota was expected to keep its lead to stay in first place. GM said Wednesday that is sold 7.37 million cars and trucks worldwide from January through September. [...]

Comments Off Continue Reading →

Budget deficit drops to $483B, lowest since 2008

  WASHINGTON (AP) — The government says the deficit for the just completed 2014 budget year was $483 billion, the lowest of President Barack Obama’s six years in office. Treasury Secretary Jacob Lew says it’s an indication the economy is far healthier than when Obama became president in January 2009. The deficit is at its [...]

Comments Off Continue Reading →

Robinson, Chast among book award finalists

  NEW YORK (AP) — Novelist Marilynne Robinson, cartoonist Roz Chast and former U.S. poet laureate Louise Gluck are among this year’s finalists for the National Book Awards. Robinson was cited for “Lila,” the third of an Iowa-based trilogy that began with her Pulitzer Prize-winning “Gilead.” Chast was nominated for her graphic memoir “Can’t We [...]

Comments Off Continue Reading →

US stocks open sharply lower, extending losses

  U.S. financial markets opened sharply lower Wednesday, as the Dow Jones industrial average headed toward its fourth consecutive loss. Traders piled into bonds, fleeing risky assets and driving the yield on the 10-year Treasury below 2 percent. The slide comes amid lingering fears of a global economic slowdown. KEEPING SCORE: The Dow Jones industrial [...]

Comments Off Continue Reading →

Long-term jobless projects get $170M in grants

  WASHINGTON (AP) — The Obama administration is announcing $170 million in grants divided among 23 work projects across the country that aim to reduce the number of long-term unemployed Americans. Administration officials said that while the number of workers who are jobless for more than 26 weeks has declined, it remains at a historic [...]

Comments Off Continue Reading →