More Business Articles

  • NYC halts work at building after deadly fall

    NEW YORK (AP) — The city has halted work at a midtown Manhattan office building where a construction worker plummeted to his death. The buildings department issued a stop work order for 424 West 33rd St. following inspections Monday and Tuesday. Inspectors cited unsafe working conditions,...

  • Chrysler set to mark Indiana factory's opening

    TIPTON, Ind. (AP) — Chrysler is set to mark the opening of a new transmission plant in central Indiana with a ceremony next month including the company's top executive. Chrysler officials say CEO Sergio Marchionne (SEHR'-jee-oh mahr-kee-OH'-nay) plans to take part in the May 13 event at the...

  • CSX railroad expects modest 2014 profit growth

    OMAHA, Neb. (AP) — CSX railroad expects to deliver modest profit growth this year, but the impact of the severe winter will linger into the second quarter. Officials with the railroad said on a conference call Wednesday that the improving economy and stronger domestic utility demand for coal...

  • Court rejects bankruptcy protection for Mt. Gox

    TOKYO (AP) — The Mt. Gox bitcoin exchange in Tokyo is headed for liquidation after a court rejected its bankruptcy protection application. Mt. Gox said Wednesday the Tokyo District Court decided the company, which was a trading platform and storehouse for the bitcoin virtual currency, would...

  • East Baton Rouge spending up 6 percent in Feb.

    BATON ROUGE, La. (AP) — Consumer and business spending in East Baton Rouge Parish increased by 6.2 percent in February compared with a year ago. The Advocate reports (http://bit.ly/P4PW72 ) sales tax collection figures released by the city-parish Finance Department on Tuesday show businesses...

  • St. Jude Medical 1st-quarter profit rises

    ST. PAUL, Minn. (AP) — Medical-device maker St. Jude Medical's first-quarter net income rose almost 12 percent, helped by higher sales of its implantable defibrillators and devices that treat a type of irregular heartbeat. The company said four new product approvals in the U.S. will boost...

  • World stocks up on hopes Chinese slowdown is mild

    TOKYO (AP) — World stock markets rose Wednesday after Chinese economic figures showed the slowdown in the first quarter was less severe than expected. Investors took heart from the fact that the world's second-largest economy expanded 7.4 percent from a year earlier. While the growth was the...

  • US home building up in March after frigid winter

    WASHINGTON (AP) — U.S home construction rose moderately in March as builders resumed work at the end of a frigid winter. But applications for building permits slid, clouding the outlook for future construction. Builders started work on 946,000 homes at a seasonally adjusted annual rate in...

  • Russian economy hit by Ukraine turmoil

    MOSCOW (AP) — Russia's economy slowed sharply in the first three months of the year as uncertainty over the crisis in Ukraine spooked investors into pulling money out of the country, a government minister said Wednesday. In the first official estimate of the Ukrainian turmoil's impact on...

  • Intel's mobile-chip progress falters as PC market stabilizes

    Intel Corp.’s main personal-computer processor business is showing signs of improvement after a record industry slump, yet the company’s push to get into faster-growing mobile-phone chips has gone backward.

  • Ford to offer 50th anniversary Mustang

    NEW YORK (AP) — Ford is building a limited-edition Mustang GT to honor the pony car's 50th anniversary. The company will only build 1,964 special cars, honoring the year the Mustang first went on sale. The 50 Year Limited Edition will come in one of the two colors of Ford's logo: white or...

  • Paul Weller's children win lawsuit over pictures

    LONDON (AP) — The children of musician Paul Weller won a privacy lawsuit Wednesday over paparazzi pictures published on a newspaper website. Lawyers for the former front man of The Jam and his family sued Associated Newspapers over images of daughter Dylan and twin sons John Paul and Bowie...

  • US home building up in March, led by 6 percent gain in single-family home construction

    WASHINGTON (AP) — US home building up in March, led by 6 percent gain in single-family home construction.

  • France targets welfare for big spending cuts

    PARIS (AP) — France's prime minister has announced plans to cut 21 billion euros ($29 billion) from pensions, social care and health care as a part of a 50-billion-euro effort to rein in the country's debt and deficit. Manuel Valls on Wednesday detailed the government plan to cut 10 billion...

  • Bank of America posts loss, hurt by legal expenses

    CHARLOTTE, N.C. (AP) — Bank of America said Wednesday that it swung to a loss in the first quarter, hurt by $6 billion in legal expenses. The Charlotte, N.C., bank reported a loss applicable to common shareholders of $514 million. That's compares with earnings of $1.11 billion a year earlier....



From the Weekly Standard