National Business News
RSSReports, Fed uncertainty sour market
Disappointing reports about the U.S. economy helped push the stock market lower Friday. Continue reading...
Business news in brief
QUOTE OF THE DAY “We want more than 50 percent of this market, and we will have more than 50 percent of this market.” Fabrice Bregie, Airbus’ chief executive, on the demand for an estimated 6,000 wide-body planes Article, 1D Continue reading...
IMF: U.S. economy improving but tax increases a drag
WASHINGTON — The International Monetary Fund said Friday that the U.S. economy is on sounder footing than it was a year ago but is restrained by government spending cuts and tax increases. Continue reading...
U.S. current account deficit up 3.7% in first quarter
WASHINGTON — The U.S. current account trade deficit widened from January through March as Americans earned less from overseas investments. Continue reading...
U.S. factory output rise just 0.1 percent in May
U.S. factories barely increased their output in May after two months of declines, a sign that manufacturing is providing little support for the economy. Continue reading...
Autos drive May’s 0.6% retail gain
Americans stepped up purchases at retail businesses in May, spending more on cars, home improvements and sporting goods, the Commerce Department reported Thursday. Continue reading...
U.S.-EU trade pact faces hurdles
French cultural concerns an issue as Obama visit nears
The U.S.-European Union free trade pact, one of the big goals of President Barack Obama’s coming trip to Europe, faces French objections that threaten to hold up the start of negotiations. Continue reading...
Unemployment-aid claims drop
Applications declined by 12,000 last week to 334,000
The number of Americans seeking unemployment benefits dropped 12,000 last week to a seasonally adjusted 334,000, the Labor Department reported Thursday. Continue reading...
Unpaid internships under microscope
Ruling calls practice into question
Unpaid internships have long been a path of opportunity for students and recent graduates looking to get a foot in the door in the entertainment, publishing and other prominent industries. Continue reading...
Nearly 1 in 4 flights late in April; weather faulted
Airlines are struggling to stay on schedule, with nearly one in four flights arriving late. Continue reading...
Apple exec denies e-book price-fixing
No plan to solve ‘Amazon problem,’ testifies negotiator in publishing deals
A top Apple Inc. executive described as the late Steve Jobs’ right-hand man took the witness stand at a Manhattan price-fixing trial Thursday and denied scheming with major book publishers to drive up the cost of electronic books. Continue reading...
Hiring, spending excite market
Good news about hiring and spending at retail businesses helped send the U.S. stock market sharply higher Thursday. Continue reading...
Business news in brief
QUOTE OF THE DAY “If the Europeans cannot get their act together to start the negotiations when the president is here in Europe, I seriously wonder when these negotiations will begin.” Peter Chase, U.S. Chamber of Commerce vice president for Europe Article, 1D Continue reading...
Sale to India company won’t shut U.S. operations, Cooper Tire says
A tire-maker whose main market is in India plans to buy Ohio’s Cooper Tire & Rubber Co. for $2.2 billion and pledged to maintain the company’s three U.S. manufacturing plants and retain its management operation in Ohio, Cooper’s chief executive said Wednesday. Continue reading...
FAA tells lessons from 787 woes
Closer eye on aircraft design urged regarding suppliers
U.S. regulators want to tighten oversight of aircraft industry suppliers, such as the subcontractors that helped Boeing Co. design and build the 787 model’s batteries, to reflect lessons learned from the plane’s grounding. Continue reading...
