By Joseph Lawler | 07/30/14 09:44 AM
U.S. economic growth accelerated in the second quarter, the Bureau of Economic Analysis reported Wednesday morning. Real GDP grew at a 4 percent annual rate, beating analysts' expectations and marking a sharp swing back toward economic expansion after the first quarter's contraction.
By Philip Klein | 07/30/14 09:39 AM
Health care spending was nearly flat in the second quarter, growing at a mere 0.7 percent rate, according to data released on Wednesday from the Bureau of Labor Statistics.
07/30/14 09:30 AM
WASHINGTON (AP) — A private survey shows that businesses hired at a healthy pace in July, though the job gains slowed from the previous month. Private employers added 218,000 jobs, down from 281,000 in June, payroll provider ADP said Wednesday. It was the fourth straight month of job gains...
07/30/14 09:15 AM
WASHINGTON (AP) — The Federal Reserve will likely end a policy meeting Wednesday with a lot of questions unanswered: When will it start tightening its benchmark short-term interest rate to make sure future inflation remains under control? How will it do so? And when will the Fed start...
07/30/14 09:02 AM
WASHINGTON (AP) — After a dismal start to the year reflecting a harsh winter, the U.S. economy showed signs of rebounding in the spring, with many forecasters expecting growth to be even stronger in the second half of the year. The government on Wednesday will provide its first estimate of...
07/30/14 09:01 AM
TOKYO (AP) — World markets were mostly higher Wednesday ahead of U.S. economic data, while cheery earnings from major Japanese companies such as Honda Motor Co. boosted Asian stocks. KEEPING SCORE: In morning trade in Europe, Germany's DAX inched up 0.1 percent to 9,664.70 and France's CAC 40...
07/30/14 06:45 AM
INDIANAPOLIS (AP) — WellPoint's second-quarter profit fell 8.6 percent as expenses climbed. Its performance beat Wall Street's expectations. The Indianapolis health insurer reported Wednesday that net income declined to $731.1 million, or $2.56 per share, from $800.1 million, or $2.64 per...
07/30/14 05:47 AM
TOKYO (AP) — Toyota remains No. 1 in global vehicles sales after the first six months of this year, followed by Volkswagen which bumped General Motors out of second place as the U.S. automaker grapples with a recall scandal. Japan's Toyota Motor Corp. announced Wednesday that January-June...
07/30/14 05:01 AM
KANSAS CITY, Mo. (AP) — President Barack Obama is prodding Congress to close corporate tax loopholes and take other action before going on summer break this week instead of trying to sue him. House Republicans are poised to vote to authorize a lawsuit against the president for overstepping...
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...
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 &...
By Ashe Schow | 07/29/14
By Philip Klein | 07/28/14
By Paul Bedard | 07/29/14
By Noemie Emery | 07/29/14
By Charles Hoskinson | 07/28/14