More Business Articles

  • US stocks rise at midday on stronger earnings

    NEW YORK (AP) — The stock market is rising at midday as a slew of companies report stronger earnings. The Dow Jones industrial average rose 14 points, or 0.1 percent, to 17,100 as of 12 p.m. Eastern time Thursday. The Standard & Poor's 500 index climbed three points, or 0.2 percent, to 1,990....

  • Hermes names new womenswear designer

    PARIS (AP) — French luxury powerhouse Hermes has named Nadege Vanhee-Cybulski as its new womenswear designer. The low-profile, 36-year-old French designer will replace Christophe Lemaire, whose departure was announced earlier this week and who will take his final bow in October. Though...

  • Taiwan searches plane wreckage for clues on crash

    XIXI, Taiwan (AP) — Firefighters uncovered ID cards and body fragments as they picked through wreckage Thursday for evidence to identify the victims of a plane crash that killed 48 people on a Taiwanese island. Hydraulic cranes, meanwhile, lifted twisted chunks of the aircraft from a narrow...

  • Union workers at UBS Colorado approve contract

    GREELEY, Colo. (AP) — The United Food and Commercial Workers Union says employees at JBS USA's Greeley meatpacking plant have overwhelmingly approved a five-year contract that includes wage increases and changes in the company's health-care proposal. The Greeley Tribune reported Wednesday...

  • Union Pacific 2Q profit chugs ahead 17 percent

    OMAHA, Neb. (AP) — Union Pacific Corp. said Thursday that its quarterly profit climbed 17 percent as the railroad hauled 8 percent more freight and raised shipping rates. The Omaha, Nebraska-based company said it hauled more agricultural, automotive, intermodal, industrial and coal shipments....

  • Average US 30-year mortgage rate at 4.13 pct.

    WASHINGTON (AP) — Average U.S. long-term mortgage rates were stable to slightly higher this week, remaining near their lows for the year. Mortgage company Freddie Mac said Thursday that the nationwide average for a 30-year loan was 4.13 percent, unchanged from last week. The average for the...

  • US new-home sales plummet in June

    WASHINGTON (AP) — Sales of new U.S. homes plunged in June, a sign that real estate continues to be a weak spot in the economy. New home sales fell 8.1 percent last month to a seasonally adjusted annual rate of 406,000, the Commerce Department said Thursday. The report also revised down the...

  • South African race track lives on; Porsche buys

    JOHANNESBURG (AP) — South Africa's most famous motor racing track just got an extension. The South African unit of sports car maker Porsche bought the Kyalami race track for $19.5 million at an auction Thursday, easing concerns among racing enthusiasts that the winning bidder would tear up...

  • Southwest reports record profit of $465M for 2Q

    DALLAS (AP) — Southwest Airlines is reporting a record profit for the second quarter, more than doubling its earnings from a year ago. The company said it set records for passenger fares per mile and the percentage of seats sold on its planes during the April-to-June period. It said that...

  • PulteGroup 2Q profit climbs 15 percent

    BLOOMFIELD HILLS, Mich. (AP) — PulteGroup Inc. (PHM) on Thursday reported profit that rose by 15 percent in its second quarter, and fell short of analysts' expectations. The Bloomfield Hills, Michigan-based company said net income increased to $41.9 million, or 11 cents per share, from $36.4...

  • IMF cuts US and global growth forecasts for 2014

    WASHINGTON (AP) — The International Monetary Fund foresees the global economy expanding less than it had previously forecast, slowed by weaker growth in the United States, Russia and developing economies. The lending organization predicted Thursday that global growth will be 3.4 percent in...

  • Rehabilitation grants available for auction homes

    DETROIT (AP) — Homes eligible for $25,000 in forgivable rehabilitation grants are going on sale in a west side Detroit neighborhood. An online auction by the city's Land Bank Authority begins Thursday for eight houses in the Marygrove area. Winning bidders who complete a qualification...

  • Miss. sales tax holiday starts after midnight

    JACKSON, Miss. (AP) — Mississippi merchants and shoppers are gearing up for the fifth annual back-to-school sales tax holiday. Mississippi's sales tax holiday starts Friday at 12:01 a.m. and ends Saturday at midnight. For retailers, it is one of their busiest times of the year. As in...

  • Ex-Market Basket boss wants to buy company

    TEWKSBURY, Mass. (AP) — The former chief executive of the Market Basket supermarket chain whose ouster has led to employee protests, customer boycotts and empty shelves wants to buy the entire company. Arthur T. Demoulas said in a statement Wednesday that he and his side of the family want to...

  • French foreign minister: missing Air Algerie plane 'probably crashed'

    PARIS (AP) — French foreign minister: missing Air Algerie plane 'probably crashed'



From the Weekly Standard

  • For GOP, a Good Crop of Senate Candidates

    Republicans have distinct advantages in Senate races this year, including President Obama’s low job ratings, the number of vulnerable Democrats, and an unhappy national mood. But there’s...

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  • How to Play a Weak Hand in Iraq

    Iraqi prime minister Nuri al-Maliki knows what he wants: a third term in office for himself and U.S. military help in defeating ISIS (now the Islamic State). Political reconciliation between...

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  • The Ethics of Food and Drink

    Should the law compel nursing homes to starve certain Alzheimer’s patients to death? This is not an alarmist fantasy, but a real question, soon to be forced by advocates of ever-wider...

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