Business Wire

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Obama opens Eastern Seaboard to oil exploration

The Obama administration is reopening the Eastern Seaboard to offshore oil and gas exploration, announcing final approval Friday of sonic cannons that can pinpoint energy deposits deep beneath the... Read more »

Published July 18, 2014

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Unemployment rates fell in 22 US states in June; Utah No. 3 in job creation

Since the Great Recession officially ended in June 2009, the U.S. economy has generated 7.8 million jobs. But the gains haven't been spread evenly across the country. Read more »

Published July 18, 2014

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GE 2Q profit jumps 13 pct on aviation, oil and gas

General Electric's net income rose 13 percent in the second quarter on strong performance from its aviation and oil and gas divisions. Read more »

Published July 18, 2014

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Axed Nokia X phones suffered from lack of identity

The Nokia X phones that Microsoft discontinued this week blend two rival operating systems, but leave out the best of each. Read more »

Published July 18, 2014

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Amazon launches Kindle Unlimited service

Amazon is rolling out a new subscription service that will allow users unlimited access to thousands of electronic books and audiobooks for $9.99 a month in the online giant's latest effort to... Read more »

Published July 18, 2014

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US-EU trade talks sour amid chlorine chicken fears

Visions of chlorine-drenched chickens and the prospect of genetically modified "Frankenfood" invading dinner tables across the European Union are proving serious impediments to the signing of a... Read more »

Published July 18, 2014

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Why airlines didn't avoid risky Ukraine airspace

The possibility that the civilian jetliner downed over war-torn eastern Ukraine with nearly 300 people onboard was hit by a missile could have profound consequences for the world's airlines. Read more »

Published July 18, 2014

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South Carolina woman makes clothes from castoffs

For Jillian Owens, some of her passion for fashion was motivated by a desire for new garments without the creation of more waste. And, she says openly on her blog, "I was also quite broke and... Read more »

Published July 18, 2014

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Microsoft CEO pivots sharply with 18,000 job cut

Microsoft announced the biggest layoffs in its 39-year history Thursday, outlining plans to cut 18,000 jobs in a move that marked the CEO's sharpest pivot yet away from his predecessor's drive for... Read more »

Published July 17, 2014

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Putin: US sanctions hurt bilateral ties, US firms

President Vladimir Putin on Thursday lamented the latest round of U.S. sanctions against Russia, saying they will stalemate bilateral relations and hurt not only Russian but also American businesses. Read more »

Published July 17, 2014

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GM's legal staff targeted at recall hearing

A Senate subcommittee chairwoman says General Motors should have fired its chief lawyer in the wake of a long-delayed recall of millions of small cars. Read more »

Published July 17, 2014

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Bank of America takes $4 billion litigation hit

Bank of America said Wednesday that its second-quarter earnings were hit by higher litigation expenses. Read more »

Published July 16, 2014

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US factory output rises for 5th straight month

U.S. factory output increased for the fifth straight month in June as manufacturers cranked out more aircraft, chemicals and furniture. The modest gain underscored manufacturing's role in helping... Read more »

Published July 16, 2014

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Rejected Fox bid for Time Warner shows growth mood

Though rejected, a surprise bid by Rupert Murdoch's Fox for entertainment rival Time Warner underscores that large media companies are in the mood for major consolidation. Read more »

Published July 16, 2014

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CSX optimistic long-term but predicts flat 3Q

CSX is optimistic about its long-term performance, but the railroad's profit during this quarter will likely be relatively flat. Read more »

Published July 16, 2014

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Federal Reserve Chair Janet Yellen rejects move to set up formula for Fed

Federal Reserve Chair Janet Yellen says it would be a serious mistake for Congress to require the nation's central bank to adopt a formal policy rule to guide its decisions on setting interest rates. Read more »

Published July 16, 2014

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Foreign holdings of US Treasury debt rise in May

Foreign buyers of U.S. Treasury securities increased their holdings in May to another record high. Read more »

Published July 16, 2014

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California hearing set on tough oil refinery rules

The Environmental Protection Agency is coming to one of the nation's largest petroleum-producing areas to hold public hearings on a proposal aimed at reducing toxic air pollution from California to... Read more »

Published July 16, 2014

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US homebuilder confidence surges in July

U.S. homebuilders' confidence in the housing market surged this month to the highest level since January, reflecting a pickup in sales of new homes and heightened expectations for sales the second... Read more »

Published July 16, 2014

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Murdoch's Fox bid for Time Warner is rejected

Time Warner has rejected a takeover bid worth about $76 billion from Rupert Murdoch's Twenty-First Century Fox and said it has no interest in further discussions about a combination of two of the... Read more »

Published July 16, 2014

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Higher gasoline costs raise US producer prices

Rising gasoline costs pushed up the prices U.S. companies receive for their goods and services in June, but overall inflation remains tame. Read more »

Published July 16, 2014

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Euro healing, but still distant No. 2 to US dollar

International investors are recovering their appetite for euros as the shared currency recovers from a debt crisis that threatened to break it up. Read more »

Published July 16, 2014

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Bill ensures emails, photos won't die with you

When you die, should your loved ones have access to your Facebook, Yahoo and other online accounts? Read more »

Published July 16, 2014

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New guidelines on job discrimination could help many pregnant workers

New federal guidelines on job discrimination against pregnant workers could have a big impact on the workplace and in the courtroom. Read more »

Published July 16, 2014

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Study: US millennials buying homes later

Don't blame the millennial generation for lackluster home sales. Read more »

Published July 16, 2014

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