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  • Home Depot CEO: Probe of possible breach continues

    NEW YORK (AP) — Home Depot's outgoing CEO Frank Blake told investors Thursday that the nation's largest home-improvement chain continues to investigate a potential breach at the company and reassured that customers will not be liable for any potential fraudulent charges. In his first public...

  • Europeans ramp up stimulus

    European Central Bank President Mario Draghi said the bank's governing council was "unanimous in its commitment to using additional unconventional instruments within its mandate" if they became necessary to prevent inflation from falling too low.

  • Average US 30-year mortgage rate holds steady

    WASHINGTON (AP) — The average 30-year U.S. mortgage rate this week remained at a 52-week low of 4.10 percent for the third straight week. Mortgage company Freddie Mac also said Thursday the average for a 15-year mortgage, a popular choice for people who are refinancing, slipped to 3.24 percent...

  • US companies add jobs at solid pace in August

    WASHINGTON (AP) — U.S. businesses added jobs at a healthy pace in August, according to a private survey, the fifth straight month of solid gains. Payroll processer ADP said Thursday that private employers added 204,000 jobs last month, down from 212,000 in July, which was revised slightly...

  • US worker productivity up 2.3 percent in 2Q

    WASHINGTON (AP) — U.S. workers' productivity increased in the April-June quarter after a big decline in the first quarter while their labor costs edged down slightly. Productivity, the amount of output per hour of work, rose at a seasonally adjusted annual rate of 2.3 percent in the second...

  • Voters trust GOP the most on economy but not on entitlements

    A George Washington University Battleground Poll taken in late August showed most Americans "feel the nation is on the wrong track," but they have differing view on who would best lead the country onto the right track.

  • Dems bet minimum wage can tip scales in battleground states

    Democratic Senate candidates in battleground states are betting big that the minimum wage will save their party's majority. The issue may be the best hope they have to boost Democratic turnout.

  • Post-crisis banking rules are almost done, but critics aren't happy

    In addition to requiring banks to hold more liquid assets, regulators have finalized plans to mandate banks to have more capital relative to their risk-weighted assets.

  • Asia stocks drift, Samsung gains on Edge launch

    TOKYO (AP) — Asian stock markets were lackluster Thursday after Wall Street fell and as investors looked ahead to a European Central Bank meeting and U.S. economic data. KEEPING SCORE: Japan's Nikkei 225 was down 0.2 percent at 15,703.89 while South Korea's Kospi added 0.2 percent to 2,055.58....

  • Largest corn waste-to-ethanol facility launches

    DES MOINES, Iowa (AP) — The world's largest refinery that turns corn plant waste into ethanol began production Wednesday in Iowa, and many national and international dignitaries in attendance touted the technology as a major step in the shift from the fossil fuel age to a biofuels revolution....

  • Booming crossover SUV sales trigger car discounts

    DETROIT (AP) — The seismic shift in American car-buying toward trucks and crossover SUVs is creating great deals on compact and midsize cars. The shift, which has been going on for more than a year, is hurting car sales so much that automakers are offering bigger discounts to keep moving metal....

  • Creditor wants 75 cents on dollar for Detroit debt

    DETROIT (AP) — An attorney for one of Detroit's creditors told a judge overseeing the city's historic bankruptcy Wednesday that Detroit could afford to pay 75 cents on the dollar to settle its debt if it sold some masterpieces from the art museum. But an attorney for Detroit told federal Judge...

  • Regulators set rules meant to ward off bank crisis

    WASHINGTON (AP) — Federal regulators are requiring big banks to keep enough high-quality assets on hand to survive during a severe downturn, the latest move under congressional mandate to lessen the likelihood of another financial meltdown. The Federal Reserve adopted rules on a 5-0 vote...

  • Government actuaries see Obamacare driving up healthcare costs over next decade

    Health spending grew at a relatively slow rate in 2013, according to a government analysis released on Wednesday, but it is expected to accelerate over the next decade as the economy improves, baby boomers retire, and more Americans gain coverage through President Obama's healthcare law.

  • CarMax to hire more than 1,000 across country

    RICHMOND, Va. (AP) — Used car dealership chain CarMax says it plans to hire more than 1,000 workers across the country. The Richmond-based company said in a news release Wednesday that the positions include sales, service operations, purchasing and the business office. Both full-time and...



From the Weekly Standard