Business Wire
Political landscape changes with improving economy, but scandals offer room for new attacks
Alleged misbehavior by the Internal Revenue Service and other federal agencies gives the GOP something else to talk about and investigate as the economy clearly, if slowly, recovers on President... Read more »
US durable goods orders rise 3.3 percent in April
U.S. orders for long-lasting manufactured goods rebounded in April, buoyed by more demand for aircraft and stronger business investment. The gains suggest economic growth may be holding steady this... Read more »
Stocks barely budge; market ends week with loss
Major stock indexes closed out their first weekly loss in a month in quiet trading Friday. Read more »
Birth control coverage up for federal appeal
In the most prominent challenge of its kind, Hobby Lobby Stores Inc. asked a federal appeals court Thursday for an exemption from part of the federal health care law that requires it to offer... Read more »
Applications for US unemployment aid fall to 340K
The number of Americans applying for unemployment benefits fell 23,000 last week to a seasonally adjusted 340,000, a level consistent with solid job growth. Read more »
The Mortgage Professor: Escrow can raise costs, but add simplicity
Jones pay more for his mortgage than Smith? One possible reason is that they borrowed at different times, when market conditions were different. Right now, the market is very favorable, but... Read more »
US rate on 30-year mortgages rises to 3.59 pct.
Average rates on fixed mortgage rose for the third straight week, hitting their highest levels since mid-March. Still, mortgage rates remained close to historic lows, a trend that should help... Read more »
US unemployment aid applications fall to 340K
The number of Americans applying for unemployment benefits fell by 23,000 last week, further evidence that the job market is slowly returning to health. Read more »
Obama threatens veto of Republican student loan plan
President Barack Obama is threatening to veto House Republicans' student loan bill. Read more »
The new consoles from Microsoft, Nintendo and Sony
Microsoft is the last of the three big video game console makers to unveil its latest gaming system. The unveiling comes nearly eight years after the Xbox 360 went on sale. It follows last fall's... Read more »
Target's 1Q profit drops 29 pct on weak sales
Target Corp. reported a 29 percent drop in first-quarter profit as unusually cool spring weather and financial pressures chilled customers' appetite for spending. Read more »
Stocks rise on Fed stimulus hopes, home sales
Stocks are moving higher Wednesday after Federal Reserve Chairman Ben Bernanke said it was too soon for the central bank to pull back on its economic stimulus programs. Read more »
US auto factories cutting back on summer downtime
The Detroit automakers are largely forgoing the traditional two-week summer break at their factories and speeding up production to meet buyers' growing demand for new cars and trucks. Read more »
Bernanke signals Fed to maintain stimulus efforts
Chairman Ben Bernanke told Congress Wednesday that the U.S. job market remains weak and that it is too soon for the Federal Reserve to end its extraordinary stimulus programs. Read more »
Target's 1Q profit drops 26 pct on weak sales
Target Corp. reported a 26 percent drop in first-quarter profit as cool temperatures and financial pressures limited customers' appetite for spending. Read more »
Complaint accuses Exxon Mobil of anti-gay bias
NEW YORK — One after another, major U.S. corporations have updated anti-discrimination policies to protect gay, lesbian and transgender workers, drawing plaudits from gay-rights groups.... Read more »
ESPN cutting workforce, 'smartly managing costs'
ESPN is cutting its workforce, the latest Disney division to reduce staff. ESPN has about 7,000 employees worldwide, with about 4,000 at its headquarters in Bristol, Conn. Read more »
Obama opposes GOP bill on Keystone XL oil pipeline
The White House says President Barack Obama opposes a House bill that would speed approval of the proposed Keystone XL oil pipeline from Canada to Texas. Read more »
Apple's Cook to face Senate questions on taxes
The Senate dragged massively profitable Apple Inc. into the debate over the U.S. tax code Tuesday, grilling CEO Tim Cook over allegations that its Irish subsidiaries help the company avoid billions... Read more »
Microsoft touts Xbox One as all-in-1 entertainment
Microsoft revealed the Xbox One, its next-generation entertainment console, during a presentation Tuesday at its headquarters in Redmond, Wash. Read more »
Poll: Teens migrating from Facebook to Twitter
A new poll finds that teens are sharing more about themselves on social media. They're also moving increasingly to Twitter to avoid their parents and the "oversharing" that they see on Facebook. Read more »
Should we let wunderkinds drop out of high school?
Thomas Sohmers, 17, of Hudson, Mass., has been working at a research lab at the Massachusetts Institute of Technology since he was 13, developing projects ranging from augmented reality eyewear to... Read more »
Does France have right plan to revive its economy?
The man charged with reviving France's shrinking economy and attracting businesses to invest there is gaining a reputation for doing the opposite. Read more »
Panel: Apple uses firms outside US to avoid taxes
Apple Inc. employs a group of affiliate companies located outside the United States to avoid paying billions of dollars in U.S. income taxes, a Senate investigation has found. Read more »
Tumblr CEO's mom gushes over billion-dollar baby
As a teenager, Tumblr CEO David Karp would canvass the streets of New York City's Upper West Side, offering to build websites for local businesses. After his freshman year of high school, the... Read more »
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