09/04/14 12:31 PM
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...
By Joseph Lawler | 09/04/14 12:06 PM
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.
09/04/14 11:00 AM
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...
09/04/14 10:01 AM
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...
09/04/14 09:00 AM
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...
By Susan Ferrechio | 09/04/14 08:24 AM
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.
By Sean Higgins | 09/03/14 06:46 PM
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.
By Joseph Lawler | 09/03/14 08:51 PM
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.
09/03/14 11:45 PM
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....
09/03/14 06:30 PM
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....
09/03/14 06:00 PM
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....
09/03/14 05:30 PM
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...
09/03/14 05:15 PM
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...
By Philip Klein | 09/03/14 03:02 PM
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.
09/03/14 03:30 PM
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...
By Philip Klein | 09/17/14
By Paul Bedard | 09/18/14
By Philip Klein | 09/18/14
By Becket Adams | 09/16/14
By Ashe Schow | 09/17/14