More Economy Articles

  • Sales of new houses disappoint in July, dimming hopes for an economic boost

    Sales of new homes fell short of expectations in July, as the U.S. housing market fails to recover quickly enough to contribute to a stronger economic recovery. The Census Bureau reported Monday morning that 412,000 new single-family homes were sold in July, well below the roughly 430,000 that...

  • Rhode Island benefits from improving US economy

    PROVIDENCE, R.I. (AP) — The improving national economy is finally spurring job growth and pushing the unemployment rate down in Rhode Island, according to the state's top labor official. Rhode Island is nearing pre-recession employment levels. The state has added 1,200 jobs since June and a...

  • Burger King seeking to acquire Tim Hortons and move headquarters to Canada

    Burger King would be one of the largest and most well-known companies to seek to leave the U.S. in a so-called corporate inversion, in which a U.S. company buys a smaller foreign company in a lower-tax jurisdiction and then places its headquarters in the foreign country to lower its tax bill.

  • Sales of US new homes fall in July

    WASHINGTON (AP) — Fewer Americans bought new homes in July, evidence that the housing sector is struggling to gain traction more than five years into the economic recovery. The Commerce Department said Monday that new-home sales fell 2.4 percent last month to a seasonally adjusted annual rate...

  • S&P 500 trades above 2,000 points for first time

    NEW YORK (AP) — Stocks are moving higher in midday trading, pushing the Standard & Poor's 500 index above 2,000 points for the first time. The S&P 500 first closed above 1,000 points in February 1998. On Monday the market was moving higher as investors were encouraged by the latest round of...

  • Nebraska governor opposes minimum wage increase proposal

    LINCOLN, Neb. (AP) — Gov. Dave Heineman opposes the ballot measure to increase the minimum wage in Nebraska to $9 an hour by 2016. Heineman said Monday that he would vote against the minimum wage proposal. Heineman says he understands it's difficult to live on a minimum wage salary, but he...

  • Zimbabwe seeks China's aid as Robert Mugabe meets Xi Jinping

    BEIJING (AP) — Zimbabwe President Robert Mugabe met with Chinese leader Xi Jinping on Monday on a visit to China hoping the long-time ally and economic giant can help the African nation's ailing economy. Mugabe, who has been criticized by Western nations for human rights violations, was...

  • US stocks open the week higher, Europe gains

    NEW YORK (AP) — Stocks are opening higher in the U.S. after central bankers in Europe and Japan said support for their economies would continue. The Dow Jones industrial average rose 64 points, or 0.4 percent, to 17,064 as of 9:35 a.m. Monday. The Standard & Poor's 500 index rose eight points,...

  • North Dakota winter wheat crop hurt by disease

    MINOT, N.D. (AP) — Some North Dakota grain elevators are urging farmers to bin their newly harvested winter wheat until the market figures out what to do with a heavily diseased crop. The crop is showing high levels of vomitoxin — a toxin associated with scab disease that can make grain unsafe...

  • In New Jersey Senate campaign, echoes of Ron Paul

    New Jersey Republican Senate candidate Jeff Bell, who is running against incumbent Democrat Sen. Cory Booker, is making criticism of the Fed and a return to the gold standard the centerpiece of his campaign.

  • Seed company sued by migrant workers in Michigan

    CASSOPOLIS, Mich. (AP) — A major seed company is being sued by 32 migrant farm workers and seven of their children over the workers' claims that they were underpaid and experienced unsafe conditions and poor housing while removing tassels from corn in southwestern Michigan. The workers are...

  • Survey: U.S. gas prices down 4 cents per gallon

    CAMARILLO, Calif. (AP) — The average U.S. price of gasoline has dipped 4 cents per gallon in the past two weeks, and prices in California have fallen 5 cents in the same time period. According to the Lundberg Survey released Sunday, the average nationwide price for a gallon of regular is now...

  • California push to avert higher gas prices stalls

    SACRAMENTO, Calif. (AP) — Lawmakers from both parties are pushing to halt an increase in the price of gasoline and other fuels expected to hit consumers in January, but their efforts appear to be dead with just a week to go in the legislative session. A pair of bills — one sponsored by...

  • Roche to buy U.S. biotech firm InterMune for $8.3b

    BERLIN (AP) — Swiss pharmaceutical company Roche said Sunday it has reached an $8.3 billion deal to buy InterMune Inc., a California-based developer of treatments for lung diseases. The companies have reached an agreement under which Roche will acquire InterMune in an all-cash transaction,...

  • Pro and con to argue Mass. natural gas pipeline

    DALTON, Mass. (AP) — Representatives of Kinder Morgan are scheduled to visit western Massachusetts to present their side in a debate over a natural gas pipeline expansion. The Berkshire Eagle reports (http://bit.ly/VJLVJ4 ) that Dalton officials intend to organize a panel of residents to argue...



From the Weekly Standard

  • ‘We Don’t Have a Strategy Yet’

    "Rooting out a cancer like ISIL won’t be easy and it won’t be quick,” President Obama told the American Legion’s annual convention in Charlotte on Tuesday, August 26. He repeated the thought in...

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  • Small Ball in Wisconsin

    West Allis, Wis. --  Scott Walker looked relaxed. Dressed in light blue Levi’s jeans, a navy polo shirt, and white and gray Nike sneakers, the Wisconsin governor had just finished speaking at a...

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  • Democrats Take the Low Road

    Conway, Ark. "Tom Cotton voted against preparing America for pandemics like Ebola,” a TV ad in Arkansas declared last week. The ad came from Democrat Mark Pryor, who is running for reelection to...

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