Category: Business

WASHINGTON – It is great to be here with you all to discuss the important decisions we face as a nation and to talk about the President’s proposals to strengthen the middle…

WASHINGTON, Feb. 23 (UPI) — The case against BP in the Gulf of Mexico oil spill is set to go to trial but the New York Times said Saturday government lawyers want…

The Chicago Auto Show wrapped up a 10-day run Presidents’ Day and while final attendance numbers aren’t in, organizers said it remains the best attended auto show in the United States. Attendance…

WASHINGTON, Feb. 25 (UPI) — Economic reports due this week include the second estimate of the U.S. fourth-quarter gross domestic product and January’s consumer spending data. Those reports are due Thursday and…

CHICAGO, Feb. 25 (UPI) — Grains closed mostly lower Monday on the Chicago Board of Trade with the dollar index higher and equities lower on Wall Street. Corn was off 1 to…

NEW YORK, Feb. 25 (UPI) — U.S. stock indexes losses accelerated Monday, after starting with gains that evaporated by midday. Analysts have said markets are due for a correction, defined as a…

WASHINGTON, Feb. 23 (UPI) — The case against BP in the Gulf of Mexico oil spill is set to go to trial but the New York Times said Saturday government lawyers want…

LONDON, Feb. 23 (UPI) — U.S. rating agency Moody’s Friday downgraded its rating of British bonds from AAA to Aa1, sparking criticism from the Labor Party over economic policies. Chancellor of the…

SEATTLE, Feb. 23 (UPI) — Microsoft says it fought off a recent attempt by computer hackers to break through its firewalls and get into the U.S. company’s computer systems. Microsoft said in…

MIAMI, Feb. 21 (UPI) — A class-action lawsuit was filed in a U.S. court in Florida against Carnival Corp. over events that disabled the cruise ship Triumph in the Gulf of Mexico….

NEW YORK, Feb. 21 (UPI) — A general index of U.S. manufacturing activity slid January to February, but showed resilience in component indexes, a research firm said Thursday. Markit Economics said the…

CUPERTINO, Calif., Feb. 21 (UPI) — Patent filings by Apple suggest the company is considering an iWatch concept with a flexible touchscreen display, an Apple-watching website says. AppleInsider says the filings suggest…

WASHINGTON, Feb. 21 (UPI) — U.S. sales of existing homes rose slightly in January over December, a trade group said Thursday. Existing-home sales rose 0.4 percent month to month to a seasonally…

WASHINGTON, Feb. 21 (UPI) — Long-term U.S. mortgage rates were little changed for the fourth consecutive week, the Federal Home Loan Mortgage Corp. said Thursday. Rates for 30-year, fixed-rate mortgages climbed from…

NEW YORK, Feb. 21 (UPI) — U.S. stock indexes dropped Thursday as investors pulled back on doubts about how long the Federal Reserve would continue with a liquidity program. In meeting minutes…

WASHINGTON, Feb. 20 (UPI) — The Federal Communication Commission says it proposes to free up more wireless spectrum to make WiFi faster and ease congestion on U.S. public networks. In a meeting…

NAPERVILLE, Ill., Feb. 20 (UPI) — U.S. office supplies companies OfficeMax and Office Depot announced Wednesday they are merging in an all-stock deal, creating an $18 billion-a-year operation. The boards of OfficeMax,…

NEW YORK, Feb. 20 (UPI) — U.S. stock indexes dropped Wednesday after the Federal Reserve revealed divisions about how to support the economic recovery. In meeting minutes from its late January meeting,…

BEIJING, Feb. 19 (UPI) — Chinese trade with North Korea hasn’t been affected by the North’s recent nuclear test, observers told the China Daily. However, the official newspaper Tuesday quoted other Chinese…

NEW YORK, Feb. 19 (UPI) — The Dow Jones closed at its highest level since October 2007 Tuesday as investors resumed trading on the New York Stock Exchange after a long weekend….

Assistant Secretary Jose W. Fernandez will travel to Southeast Asia from February 21 to March 1 to discuss further strengthening U.S. economic relations in the region and enhancing economic and commercial opportunities…

NEW YORK, Feb. 18 (UPI) — RDA Holding, parent company of Reader’s Digest magazine, has filed for Chapter 11 protection with plans to turn debt into equity, court papers said. The company,…

By ANTHONY HALL The answer to the U.S. economic morass lies under our feet, literally, some would say. The country was built on hydropower, which was so cheap once that all you…

MESA, Ariz., Feb. 18 (UPI) — Chicago Cubs chairman Tom Ricketts said a discussion on television rights fees will begin this year, suggesting the team and WGN-TV may part ways. Cubs games…

AMSTERDAM, Netherlands, Feb. 18 (UPI) — The owner of a steakhouse in the Netherlands capital of Amsterdam said he’s been selling horse fillets as beef for more than six decades. After denying…

BRUSSELS, Germany, Feb. 15 (UPI) — Online retailer Amazon’s Germany subsidiaries have been accused of providing terrible conditions for workers and using neo-Nazi guards to intimidate employees. The allegations against Amazon were…

MOSCOW, Feb. 16 (UPI) — A Group of 20 nations meeting in Moscow concluded Saturday with a pledge to focus monetary policy on domestic growth to steer away from a currency war….

MIAMI, Feb. 16 (UPI) — A Texas woman filed the first lawsuit against Carnival Cruise Lines hours after the crippled Carnival Triumph arrived in Mobile, Ala., her lawyer says. Cassie Terry, 25,…

PRINCETON, N.J., Feb. 16 (UPI) — Fifty-three percent of U.S. small-business owners said in January they had difficulty finding the qualified employees they needed, a survey indicated. The Wells Fargo/Gallup Small Business…

NEW YORK, Feb. 16 (UPI) — The U.S. Securities and Exchange Commission is investigating “highly suspicious” trading in the takeover of H.J. Heinz Co., an SEC official said. The agency said Friday…

WASHINGTON, Feb. 15 (UPI) — Industrial production fell 0.1 percent in January after a climb of 0.4 percent in December, the Federal Reserve said Friday. Manufacturing output dropped 0.4 percent in January…

WASHINGTON, Feb. 15 (UPI) — Industrial production fell 0.1 percent in January after a climb of 0.4 percent in December, the Federal Reserve said Friday. Manufacturing output dropped 0.4 percent in January…

NEW YORK, Feb. 15 (UPI) — U.S. stock indexes closed mostly lower Friday despite steady consumer confidence and recent merger announcements. Computer company Dell, American Airlines and US Airways and food giant…

NEW ORLEANS, Feb. 14 (UPI) — A federal judge approved Transocean’s plea agreement on criminal charges in the massive 2010 Deepwater Horizon oil spill, the U.S. Justice Department said. Transocean Deepwater Inc….

ARLINGTON, Texas, Feb. 14 (UPI) — A Texas man suing the Six Flags amusement park in Arlington said he was unfairly barred from a ride he had ridden in the past because…

WASHINGTON, Feb. 14 (UPI) — Outdoor equipment firm John Deere is recalling 4,700 Gator utility vehicles due to an oil filter leak that poses a fire hazard U.S. regulators said. The Consumer…

FOREST CITY, IOWA, February 14, 2013 – Winnebago Industries, Inc. (NYSE:WGO), a leading United States (U.S.) recreation vehicle manufacturer, has been recognized by Statistical Surveys, Inc., a retail reporting service in Grand…

FREMONT, Calif., Feb. 13 (UPI) — A U.S. tech firm says it’s developed a touchscreen keyboard that rises from the smooth screen surface to allow text input and then disappears when not…

STAMFORD, Conn., Feb. 13 (UPI) — Global sales of mobile phones declined in 2012 compared with the previous year, a U.S. research firm has reported. Research company Gartner, based in Stamford, Conn.,…