Business Wire
Stock prices trade flat as manufacturing softens
A report of slowing manufacturing is getting the stock market off to weak start Wednesday. Read more »
Macy's 1Q profit rises 20 pct on solid sales
Macy's Inc. reported a 20 percent increase in first-quarter profit as the department store chain saw solid sales despite cool temperatures and economic worries that dampened shoppers' appetite for... Read more »
Small businesses must strive for government contracts, analysts say
Fields tells clients that registering to do business with the federal government is like getting a driver’s license. Read more »
Bank of England sees 'modest, sustained' recovery
The Bank of England predicted a modest and sustained economic recovery for Britain on Wednesday, but tempered hope that the worst might be over with predictions that inflation will remain above its... Read more »
US boom transforming global oil trade
The surge in oil production in the U.S. and Canada and shrinking oil consumption in the developed world is transforming the global oil market. Read more »
Big 4 cellphone carriers unite on anti-texting ads
The country's four biggest cellphone companies are set to launch their first joint advertising campaign against texting while driving, uniting behind AT&T's "It Can Wait" slogan to blanket TV... Read more »
Airlines collected record baggage fees in 2012
U.S. airlines collected more than $6 billion in baggage and reservation change fees from passengers last year — the highest amount since the fees became common five years ago. Read more »
CBO estimates 2013 deficit at $642 billion
The budget deficit for the current year is projected to come in well below what was estimated just a few months ago, according to a government study released Tuesday. Read more »
Job prospects improve slightly for new college graduates
The chilling mix of rain, sleet and wind last week may have felt like a metaphor for the local college students scurrying across campus. Read more »
Budget surpluses spur tension in some GOP states
Turns out that cutting was the easy part. Now Republicans who control a majority of the state capitols in the United States face a far greater philosophical dilemma — what to do with all the... Read more »
Japan's Nikkei rises as G-7 approves stimulus plan
Japan's stock market once again outperformed on Monday after officials from the world's leading industrial economies refused to criticize the Bank of Japan's super-easy monetary policy and the... Read more »
Has the gold rush come to an end?
When the price of gold plunged $200 last month, many people thought they caught the sound of the gold bubble popping. Read more »
German finance minister suggests 2-step bank union
Germany's finance minister has called for caution as the European Union draws up plans to wind up failing banks, suggesting that the 27-country group risks losing credibility if it tries to set up... Read more »
Huge drug cost disparities seen in president's health overhaul
Cancer patients could face high costs for medications under President Barack Obama's health care law, industry analysts and advocates warn. Read more »
US retail sales rise in April on cars, clothing
Americans increased their spending in April at retail businesses, buying more cars and clothes while paying less for gas. The rebound from a weak March suggests consumers may help boost economic... Read more »
Project aims to track big city carbon footprints
Every time Los Angeles exhales, odd-looking gadgets anchored in the mountains above the city trace the invisible puffs of carbon dioxide, methane and other greenhouse gases that waft skyward. Read more »
Virginia woman has no regrets over role in bombing suspect burial
The Virginia woman whose actions led to Boston Marathon bombing suspect Tamerlan Tsarnaev being buried about 30 miles north of her Richmond home said the angry backlash from local officials, some... Read more »
Has the gold rush came to an end?
When the price of gold plunged $200 last month, many people thought they caught the sound of the gold bubble popping. Read more »
Ogden-Hinckley tower and others at small airports to stay open
The Transportation Departments says 149 control towers at small airports that were slated for closure will remain — open at least through Sept. 30. Read more »
President Barack Obama declared health care law 'is here to stay'
Caught between nervous Democrats and emboldened Republicans, President Barack Obama on Friday stepped up the sales pitch on his health care overhaul as the final elements of his top domestic... Read more »
April surplus of $113B lowers US budget deficit
The U.S. government reported a rare surplus of $113 billion for April — the largest in five years and a sign of the nation's improving finances. Read more »
Post office had $1.9 billion second quarter loss
The U.S. Postal Service said Friday it lost $1.9 billion over the last three months and warned that losses would continue to mount without help from Congress. Read more »
IRS apologizes for targeting conservative groups during 2012 election
The Internal Revenue Service is apologizing for inappropriately flagging conservative political groups for additional reviews during the 2012 election to see if they were violating their tax-exempt... Read more »
Bernanke says Fed increasing financial monitoring
WASHINGTON — The Federal Reserve has broadened its oversight beyond banks and now monitors a wide-range of financial institutions that could hasten another financial crisis, Chairman Ben... Read more »
Feds in NYC: Hackers stole $45M in ATM card breach
A gang of cyber-criminals stole $45 million in a matter of hours by hacking their way into a database of prepaid debit cards and then draining cash machines around the globe, federal prosecutors... Read more »
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