National Business News

RSS

OPEC deal's U.S. effect downplayed

Subscriber onlyDALLAS -- OPEC's decision Wednesday to cut production led to an immediate jump in oil prices, but the effect on consumers and the U.S. economy is likely to be more modest and gradual. Continue reading...

October builder outlays up 0.5%

Growth reported in manufacturing

Subscriber onlyWASHINGTON -- U.S. builders increased spending on construction projects by a modest amount in October, helped by big gains in spending on home construction and the biggest increase in government projects in 10 months. Continue reading...

Auto sales up 4% in November

Black Friday deals bring shoppers back to showrooms

Subscriber onlyDETROIT -- Black Friday deals and postelection confidence helped pull November U.S. auto sales out of their recent slump and increased the chances that 2016 could set a record for new vehicle sales. Continue reading...

Senate votes to bar robot ticket buyers' price-inflated sales

Subscriber onlyWASHINGTON -- The U.S. Senate unanimously passed a bill this week that would prohibit automated scalping software known as "ticket bots" from buying up seats for theater shows, concerts or sports events and reselling them at inflated prices. Continue reading...

Pop-up shops key strategy for malls

Short-term retailers now line once empty store fronts

Subscriber onlyLOS ANGELES -- When Platform opened this year just outside Los Angeles, the upscale shopping center set aside four stores for a specific class of highly sought-after retailers. Continue reading...

Wells Fargo creates rule splitting chairman, CEO

Subscriber onlyWells Fargo said Thursday that it has changed its bylaws to require a separate chairman and chief executive officer, breaking with most of its U.S. peers after years of sales abuses in its branches spiraled into a national scandal. Continue reading...

U.S. consumers should feel muted effect from rising oil price, analysts say

DALLAS — OPEC's decision to cut production gave an immediate boost to oil prices, but the effect on consumers and the U.S. economy is likely to be more modest and gradual, analysts say. Continue reading...

Votes for marijuana lift warehouse rents

Factors in growing it make space scarce in legalizing states

Subscriber onlyIt took Chris Abbott six stressful months to find a new space for his growing company. Continue reading...

U.S. firms' new hires said to hit 216,000

In 6-month best, incomes up 0.6%

Subscriber onlyU.S. companies added 216,000 jobs in November, the most since June, and consumer spending and incomes rose in October, according to reports released Wednesday. Continue reading...

EPA set to keep mandate on mpg

Agency quickens pace on decision

Subscriber onlyPresident Barack Obama's administration has decided not to change government fuel economy requirements for cars and light trucks despite protests from automakers. Continue reading...

Sales soft, airline cuts Cuba flights

American cites empty seats, says Trump stance not issue

Subscriber onlyU.S. airlines were ecstatic earlier this year when it was announced that commercial flights would resume to Cuba after more than 50 years, with one executive at a major carrier calling it almost a "once-in-a-lifetime opportunity." Continue reading...

Growth moderate, Fed says as 10 of 12 districts report gains

Subscriber only The U.S. economy grew at a modest rate this fall, with solid gains in consumer spending helping offset lingering weakness in exports, according to a Federal Reserve survey. Continue reading...

Bargain hunters out in force, chilling season for retailers

Subscriber onlyThrifty U.S. consumers carefully picked over Black Friday discounts during the four-day weekend, leaving retailers with less money in their registers and a lukewarm Christmas shopping kickoff. Continue reading...

Stocks dip despite oil, bank gains

Subscriber only Stocks moved mostly lower Wednesday as gains in blue-chip energy companies and banks were not enough to make up for losses in the broader market. Continue reading...

Business news in brief

Subscriber onlyNew U.K. note hard to stomach for some Continue reading...