By Zack Colman | 07/29/14 06:41 PM
The White House and supportive Democrats tout the administration's climate strategy as a financial winner, while opponents argue it would hit people's pocketbooks and reduce electric grid reliability.
By Sean Higgins | 07/29/14 06:19 PM
Heavy unionization cost the average worker in Michigan about $11,000 over the last 50 years. It cost workers in Nevada about $9,000 over the same period and Ohio workers about $8,600.
By Timothy P. Carney | 07/29/14 04:24 PM
"This is so important," Sen. Maria Cantwell, D-Wash., said about reauthorizing the Export-Import Bank, "because 85,000 Washington state jobs hang in the balance. That is how many jobs have been supported here in the state by the Export-Import Bank.
07/29/14 01:45 PM
Pfizer's second-quarter earnings plunged 79 percent from last year, when the world's second-largest drugmaker booked a $10 billion-plus gain from a business spinoff. The New York company said Tuesday it earned $2.91 billion, or 45 cents per share, down from $14.1 billion, or $1.98 per share,...
07/29/14 01:19 PM
GENEVA (AP) — Switzerland's biggest bank, UBS, reported Tuesday a 15 percent rise in second-quarter profit, driven by its core wealth management business, and disclosed it was part of a group of financial companies being investigated over alternative trading systems called "dark pools." UBS AG...
07/29/14 12:30 PM
NEW YORK (AP) — Major stock indexes turned mixed in midday trading as investors waited for a series of key economic reports from the U.S. and China later in the week. The Dow Jones industrial average eased less than one point to 16,983 as of 12:12 p.m. Eastern time Tuesday. The Standard &...
07/29/14 12:15 PM
WASHINGTON (AP) — This much is clear: The Federal Reserve will make another cut this week in its monthly bond purchases, which have been aimed at keeping long-term loan rates low. This much is not: When will the Fed start tightening its interest-rate policy to thwart any runaway inflation? How...
07/29/14 11:45 AM
A big one-time gain and a tax benefit helped drugmaker Merck & Co. more than double second-quarter profit, improve its profit forecast and top analysts' expectations. The maker of popular Type 2 diabetes pill Januvia said Tuesday that net income increased to $2 billion, or 68 cents per share,...
07/29/14 11:01 AM
WASHINGTON (AP) — U.S. consumers are more confident about the economy than they have been in nearly seven years. The Conference Board said Tuesday that its confidence index rose to 90.9 in July from an upwardly revised 86.4 in June. The July reading is the highest since October 2007, two months...
07/29/14 10:30 AM
RICHMOND, Va. (AP) — Reynolds American Inc. said Tuesday that its profit rose by 6.7 percent in its second quarter as higher cigarette and smokeless tobacco prices helped to offset a decline in the number of cigarettes it sold. The Winston Salem, North Carolina-based company said it earned $492...
07/29/14 08:30 AM
WASHINGTON (AP) — Despite some good news, Medicare and Social Security still face long-term financial problems as millions of baby boomers reach retirement. Social Security's disability program is already in crisis as it edges toward the brink of insolvency. Getting relief from a slowdown in...
By Joseph Lawler | 07/28/14 07:02 PM
The median American household saw its wealth decline by more than one-third in the past decade, according to a new estimate published by the Russell Sage Foundation.
07/29/14 01:00 AM
SEOUL, South Korea (AP) — Asian stock markets posted modest gains Tuesday as investors treaded cautiously ahead of U.S. and Chinese economic reports later this week. KEEPING SCORE: Japan's Nikkei 225 added 0.5 percent to 15,604.80 and South Korea's Kospi rose 0.6 percent to 2,061.95. Hong...
07/28/14 04:46 PM
NEW YORK (AP) — U.S. stocks are ending little changed as traders wait for key economic and earnings reports later this week. The Standard & Poor's 500 index rose less than a point to close at 1,978 on Monday. The Dow Jones industrial average edged up 22 points to 16,982. The Nasdaq fell. The...
By Joseph Lawler | 07/28/14 02:35 PM
The Social Security disability trust fund is only two years away from exhaustion, Social Security's Board of Trustees announced Monday, while saying that Medicare's finances appear to have strengthened, thanks to slowing growth in the cost of health care.
By Paul Bedard | 07/30/14
By Associated Press | 07/31/14
By Byron York | 07/31/14
By Ashe Schow | 07/31/14