Latest News


  • Stocks mixed...WTO rules against China in steel dispute...Ebola vaccine shows promise
    Associated Press | July 31, 2015 11:44 am
    Stocks have been wavering between modest gains and losses today, as investors assess the latest batch of company earnings and deal news. Energy stocks slumped after two big oil companies reported earnings that fell short of analysts' expectations. Coca-Cola Enterprises, an independent bottling company of Coca-Cola products, surged on a report that it is in merger talks with two of its European counterparts.
  • NY village makes ransom payments to keep computers running
    Associated Press | July 31, 2015 11:36 am
    A village in central New York made ransom payments of $300 and $500 last year to keep its computers running after two official-looking emails released malware throughout its system, state auditors said.
  • US oil and natural gas rig count down 2 to 874
    Associated Press | July 31, 2015 11:24 am
    Oilfield services company Baker Hughes Inc. says the number of rigs exploring for oil and natural gas in the U.S. declined by two this week to 874.
  • Business events scheduled for the coming month
    Associated Press | July 31, 2015 10:45 am
    Commerce Department releases personal income and spending for June, 8:30 a.m.; Institute for Supply Management releases its manufacturing index for July, 10 a.m.; Commerce Department releases construction spending for June, 10 a.m.
  • Tough week for social media stocks _ no one is spared
    Associated Press | July 31, 2015 10:09 am
    It hasn't been an easy week in social media, despite double-digit revenue growth from Twitter, LinkedIn and Facebook. Investors are looking beyond headline numbers and finding reasons to sell.
  • Settlement in wrongful death suit over brewery keg explosion
    Associated Press | July 31, 2015 10:05 am
    A $1.2 million settlement has been reached in a wrongful death lawsuit over a keg explosion at a New Hampshire brewery.
  • US wage growth falls to record-slow pace in 2nd quarter
    Associated Press | July 31, 2015 8:12 am
    U.S. wages and benefits grew in the spring at the slowest pace in 33 years, stark evidence that stronger hiring hasn't boosted pay. The slowdown also reflects a sharp drop-off in bonus and incentive pay.
  • Stocks flat...US wage growth falls...Consumer sentiment dips
    Associated Press | July 31, 2015 8:04 am
    Stocks are little changed in early Wall Street trading, as investors react to the latest quarterly earnings. Shares of Exxon Mobil and Chevron, the two largest publicly energy companies, fell almost 5 percent. Coca-Cola Enterprises, an independent bottling company of Coca-Cola products, jumped 11 percent after The Wall Street Journal reported that the company is in merger talks with its European counterparts.
  • University of Michigan: Consumer sentiment dips in July
    Associated Press | July 31, 2015 7:52 am
    U.S. consumer sentiment slipped this month but remains at healthy levels, the University of Michigan said Friday.
  • Russia's central bank cuts key interest rate
    Associated Press | July 31, 2015 7:08 am
    The Russian central bank cut its key interest rate by 0.5 percentage points to 11 percent on Friday, bowing to the pressure of businesses to make lending more accessible.
  • Exxon profit falls by half but production rises
    Associated Press | July 31, 2015 7:04 am
    Exxon Mobil Corp. profit dropped by half in the second quarter on sharply lower oil and gas prices around the world, but the company's oil and gas production, which has been generally declining in recent years, surged.
  • UPS buying Coyote Logistics for $1.8 billion
    Associated Press | July 31, 2015 7:00 am
    UPS will spend $1.8 billion to acquire Coyote Logistics as it maneuvers for a slice of the burgeoning freight brokerage business.
  • Polish plan to honor Portuguese-run supermarket sparks anger
    Associated Press | July 31, 2015 6:44 am
    Poland's government has postponed plans to bestow a top honor on the Portuguese businessman who runs popular discount supermarket chain Biedronka after a public outcry over the company's alleged exploitation of workers.
  • EU to probe FedEx takeover of Dutch rival TNT
    Associated Press | July 31, 2015 6:40 am
    The European Union is opening an in-depth probe into whether FedEx's proposed $4.9 billion takeover of Dutch company TNT would strangle competition in the massive market for small package deliveries.
  • Italian bank Intesa SanPaolo Q2 profits soar
    Associated Press | July 31, 2015 6:37 am
    Second-quarter earnings at Italian bank Intesa SanPaolo more than quadrupled thanks to lower provisions amid signs of economic recovery and an improved credit market.