More Business Articles

  • '99 Homes' brings US subprime crisis to Venice

    VENICE, Italy (AP) — Florida's realtors and tourism authorities will probably not be using "99 Homes" in their promotional material. The Sunshine State looks pretty shady in Ramin Bahrani's Orlando-set drama, one of 20 films competing for prizes at the Venice Film Festival. The movie stars...

  • US consumer sentiment improves a bit in August

    WASHINGTON (AP) — U.S. consumer sentiment ticked up in August, driven by greater optimism about jobs, rising incomes, and increasing wealth. Yet the increase largely occurred among higher-income groups. The University of Michigan said Friday its index of consumer sentiment rose to 82.5 from...

  • As stocks rise, so does anxiety: Time to get out?

    NEW YORK (AP) — Is it time to cash out of stocks? The market has nearly tripled in a little over five years, and with each record close, the temptation grows to take your winnings and flee. If only you had done that in the crashes that began in 2000 and 2008, you might be a lot richer. Plenty...

  • Duke halting coal burning at Ohio plant

    NEW RICHMOND, Ohio (AP) — A utility says it will stop burning coal at a southwest Ohio power plant that was the site of a recent oil spill into the Ohio River. Charlotte, North Carolina-based Duke Energy says it will retire the last two coal-fired units Sept. 1 at the New Richmond, Ohio, plant....

  • 3 cited in Omaha area on ridesharing allegation

    LINCOLN, Neb. (AP) — State regulators have ticketed three suburban Omaha people for allegedly working as drivers for a ridesharing service, which are not allowed to operate in Nebraska, officials say. Public Service Commission investigators on Wednesday ticketed three suspected Lyft drivers in...

  • 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...

  • 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...

  • 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...

  • 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...



From the Weekly Standard