by - July 24, 2012 7:17 pm
U.S. student loan debt totaling more than $900 billion may be hurting home sales, said Neal Soss, chief economist at Credit Suisse in New York. Soss, in a radio interview…
by - July 24, 2012 7:10 pm
Apple Inc.’s profit and sales fell short of analysts’ projections for only the second time since 2003 as customers held off on iPhone purchases while waiting for a new model…
by - July 23, 2012 7:08 pm
The condition of the U.S. corn crop worsened for the seventh straight week, the longest such streak since September 2000, as the worst Midwest drought in a generation expanded. Soybean…
by - July 23, 2012 10:11 am
The worst U.S. drought in a half century is putting pressure on natural-gas drillers to conserve the millions of gallons of water used in hydraulic fracturing to free trapped gas…
by - July 19, 2012 7:02 pm
Sales of existing U.S. homes unexpectedly dropped and manufacturing in the Philadelphia region contracted for a third month, showing economic weakness is extending into the second half of the year….
by - July 18, 2012 6:06 pm
J.C. Penney Co. CEO Ron Johnson, reiterating that his turnaround of the department store chain will take four years, said he’s sticking with his strategy for “everyday low prices.” “We…
by - July 17, 2012 6:06 pm
Across-the-board cuts to federal programs may cost the U.S. 2.14 million jobs and reduce the gross domestic product by $215 billion next year, according to a study funded by defense…
by - July 17, 2012 6:00 pm
The U.S. would lose 710,000 jobs and economic output would decline by 1.3%, or $200 billion, if tax cuts for high earners are allowed to lapse, said a report prepared…
by - July 16, 2012 3:06 pm
A chief criticism lobbed at U.S. lawmakers is that they’re members of a “do-nothing” Congress. That would be technically incorrect. Congress so far this year has sent 54 bills to…
by - July 14, 2012 8:27 pm
U.S. Olympians won’t be sporting uniforms “made in America” until the 2014 Winter Games. The U.S. Olympic Committee came under fire from members of Congress for commissioning uniforms that were…
by - July 13, 2012 12:44 pm
Warren Buffett, the chairman of Berkshire Hathaway Inc., said he may increase his journalism bet as publishers seek to get rid of newspapers with falling sales. “I like buying individual…
by - July 13, 2012 8:14 am
ABB Ltd., the world’s biggest manufacturer of power grids, may report second-quarter earnings below analysts’ estimates amid a dearth of big-ticket orders and higher-than-expected charges from the integration of an…
by - July 11, 2012 8:55 pm
The Pentagon’s basic budget for next year will be larger than in 2006 when adjusted for inflation even if automatic budget cuts take effect, according to the Congressional Budget Office….
by - July 11, 2012 10:40 am
The trade deficit in the U.S. narrowed in May as falling crude oil prices and weakening demand for consumer goods trimmed the import bill. The gap shrank 3.8% to $48.7…
by - July 10, 2012 8:02 am
Confidence among U.S. small companies dropped in June to its lowest point since October, driven by concern that sales and the economy will deteriorate. The National Federation of Independent Business’…
by - July 9, 2012 5:44 pm
The first half of 2012 was the warmest start to any year going back to 1895, according to the National Climatic Data Center, and drought now covers more than half…
by - July 9, 2012 4:59 pm
The American Trucking Associations’ is predicting a slight decline in future freight growth. In 2010, the trade group estimated a 25% growth in total U.S. tonnage moved by 2021. In…
by - July 9, 2012 11:07 am
Texas Governor Rick Perry said today he will not expand the state’s Medicaid program or create an insurance exchange, saying President Barack Obama’s health-care overhaul represents “brazen intrusions into the…
by - July 6, 2012 4:52 pm
Best Buy Co. will cut 2,400 jobs, or about 1.4% of its workforce, starting immediately, according to a person familiar with the plans. About 600 Geek Squad tech support jobs…
by - July 6, 2012 10:57 am
Rents and occupancies at U.S. shopping centers rose in the second quarter amid little development of properties, research company Reis Inc. said. Occupied space rose by a net 2.06 million…
