More Business Articles

  • Worrying eurozone inflation sags again to 0.3 pct

    FRANKFURT, Germany (AP) — Inflation in the 18 countries that use the euro sank to an annual 0.3 percent in August, a sign of economic weakness that is putting pressure on the European Central Bank to take drastic steps to save a stalling recovery. The figure was down from 0.4 percent in July,...

  • Nintendo launching 'amiibo' with 12 characters

    LOS ANGELES (AP) — Pikachu and Link will be among the first characters coming to "amiibo." Nintendo announced Friday that 12 characters will initially be part of its upcoming toy-game franchise set for release later this year. In addition to the "Pokemon" and "Legend of Zelda" leading men, the...

  • Money manager gets 15 years in Ohio fraud case

    CINCINNATI (AP) — A southwest Ohio money manager accused of bilking 141 investors in a Ponzi scheme has been sentenced to 15 years in prison and ordered to pay $34.5 million in restitution. U.S. District Judge Herman Weber said he wanted to send a "loud, emphatic message" to fraudsters with the...

  • CNH announces more layoffs at Grand Island plant

    GRAND ISLAND, Neb. (AP) — A farm implement plant in Grand Island intends to cut nearly 240 more jobs. CNH Industrial American on Thursday said the layoffs of 170 full-time company staffers and 68 agency employees assigned to the plant will be put on indefinite layoff. The layoffs are expected...

  • US stocks edge higher in early trading

    The U.S. stock market is opening slightly higher as a series of reports on the U.S. economy rolls out. Consumer spending had its first decline since January, dipping 0.1 percent in July, as auto buying and income growth slowed. Other economic reports due Friday include a gauge of consumer...

  • NYC developer makes changes in 'poor door' design

    NEW YORK (AP) — A developer and city officials say some changes have been negotiated in a plan for a so-called "poor door" for less-affluent residents of a Manhattan skyscraper. People who live in the pricey condos will still enter through the front lobby. But The Wall Street Journal...

  • US consumer spending dips 0.1 percent

    WASHINGTON (AP) — U.S. consumer spending fell in July, with a drop in auto purchases accounting for most of the weakness. Income growth also slowed. Consumer spending edged down 0.1 percent last month after a 0.4 percent increase in June, the Commerce Department reported Friday. It was the...

  • Agency seeks comment on Arizona Memorial tickets

    PEARL HARBOR, Hawaii (AP) — The National Park Service is accepting feedback on its new offering of "next day" tickets for the USS Arizona Memorial at Pearl Harbor. The park service said Thursday it's making 300 tickets available to people who make reservations one day in advance using the...

  • US consumer spending dips 0.1 percent in July, first decline since January; income weak

    WASHINGTON (AP) — US consumer spending dips 0.1 percent in July, first decline since January; income weak.

  • Detroit gets $275 million financing from Barclays

    DETROIT (AP) — Detroit's state-appointed emergency manager says Barclays PLC will provide $275 million to fund the city's exit from bankruptcy. Emergency manager Kevyn Orr's office said Thursday the money will be used to pay off a $120 million loan. It will also fund city revitalization efforts...

  • Detroit City Distillery opening in Eastern Market

    DETROIT (AP) — A craft distillery and tasting room in Detroit's Eastern Market is set to open. Detroit City Distillery plans a grand opening celebration Friday and Saturday. The business' mission is to produce spirits and cocktails using Michigan ingredients. It's led by John Paul Jerome and...

  • Feds reviewing Reynolds' deal to buy Lorillard

    RICHMOND, Va. (AP) — Federal regulators are putting Reynolds American Inc.'s planned $25 billion takeover of rival cigarette maker Lorillard Inc. under the microscope. The nation's second-biggest tobacco company said Friday that the Federal Trade Commission has asked for additional information...

  • Fiat investor tally shows Chrysler deal on course

    ROME (AP) — Fiat says an ongoing tally of investors suggests there are not enough opposed to a merger with Chrysler to derail the deal. This month, Fiat shareholders overwhelming approved the merger, but Italian law gives dissenters the right to cash out. Fiat said that if investors cashed out...

  • Malaysia Airlines to cut 6,000 staff in overhaul

    KUALA LUMPUR, Malaysia (AP) — Malaysia Airlines will cut 6,000 workers as part of a $1.9 billion overhaul announced Friday to revive its damaged brand after being hit by double passenger jet disasters. The staff reduction represents about 30 percent of its current workforce of 20,000. A search...

  • Largest UK retailer warns on profits, shares drop

    LONDON (AP) — Tesco shares have dropped sharply after Britain's largest retailer by revenue issued another profit warning and slashed its dividend to shareholders by 75 percent. The supermarket giant says market conditions remained challenging, cutting its forecast for 2014-2015 trading profits...



From the Weekly Standard