03/06/14 02:00 PM
WASHINGTON (AP) — Average U.S. rates on fixed mortgages fell after three weeks of increases, edging closer to historically low levels. Mortgage buyer Freddie Mac said Thursday that the average rate for the 30-year loan declined to 4.28 percent from 4.37 percent last week. The average for the...
03/06/14 12:15 PM
NEW YORK (AP) — Stocks are moving higher on some encouraging news about the U.S. job market. The Standard & Poor's 500 index rose seven points, or 0.4 percent, to 1,880 in midday trading Thursday. The Dow Jones industrial average rose 78 points, or 0.5 percent, to 16,438. The Nasdaq...
By Martin Crutsinger | 03/06/14 08:15 AM
Productivity grew at an annual rate of 1.8 percent in the October-December quarter, a slowdown from 3.5 percent productivity growth in the third quarter, the Labor Department reported Thursday.
By Josh Boak | 03/06/14 07:56 AM
The number of people seeking U.S. unemployment benefits dropped 26,000 last week to a seasonally adjusted 323,000, the lowest level in three months as layoffs remain at pre-recession levels.
By Satish Cheney | 03/06/14 07:52 AM
A police spokesman said Thursday that initial investigations indicated there was no suspicion of "foul play" in the Feb. 26 death, meaning officers do not suspect murder. The spokesman said police found 28-year-old Autumn Radtke, an American, lying motionless near the apartment tower where she...
03/05/14 08:30 PM
NEW BRITAIN, Conn. (AP) — Mounting a show of support from like-minded governors, President Barack Obama put a spotlight Wednesday on a minimum wage push that Democrats hope will appeal to economically squeezed voters in November's midterm elections. Standing at the center of a packed college...
03/05/14 07:15 PM
NEW YORK (AP) — So far, 2014 is looking like the year of the big deal. Flush with cash and high stock prices, companies are buying up the competition at levels not seen since the dotcom bubble. And with Washington providing more clarity on government spending plans, CEOs are more confident...
By Meghashyam Mali | 03/05/14 03:54 PM
President Obama on Wednesday took his push for raising the federal minimum wage outside the beltway, highlighting efforts by state and business leaders as he urged Congress to act. At an event at Central Connecticut State University, Obama highlighted New England governors who are raising...
By Lawrence Kudlow | 03/05/14 03:30 PM
Fifty years ago last week, on Feb. 26, 1964, President Lyndon B. Johnson signed into law the sweeping tax cuts that had been championed by his predecessor, John F. Kennedy. The law brought the top marginal income tax rate down to 70 percent from 91 percent and the bottom marginal rate down to 14...
By John Stossel | 03/05/14 10:36 AM
This week, President Obama proposed "a budget that will create new jobs in manufacturing and energy and innovation and infrastructure, and we'll pay for every dime of it by cutting unnecessary spending, closing wasteful tax loopholes!"
By Mark Tapscott | 03/05/14 09:00 AM
How does one know when the world has been turned completely upside down? How about when USA Today reports a major world leader (not the president of the United States) saying this: "'We need to make sure the market plays a decisive role,' said X in a nationally televised speech to ---...
By Associated Press | 03/05/14 08:41 AM
A bank specializing in bitcoins says it has closed after computer hackers robbed its digital currency.
By Christopher S. Rugaber | 03/05/14 08:39 AM
A private survey shows that U.S. companies added slightly more jobs in February than in the previous month, but harsh winter weather weighed on hiring for the third straight month.
03/05/14 06:15 AM
GENEVA (AP) — A new study shows that the top 10 global automakers amassed more than $221 billion (161 billion euros) in cash by the end of 2013 to invest in new products, strategic alliances and other growth strategies. Global consultancy EY said Wednesday that effectively managing that cash...
By Melanie Sturm | 03/04/14 05:38 PM
Last month, as Ukrainian émigré-turned-tech tycoon Jan Koum prepared to cash a multibillion-dollar check from Facebook -- acquirer of his startup WhatsApp -- then-Ukrainian President Viktor Yanukovych was checking out of the Gatsby-esque estate where he'd cached his stolen plunder.
By Susan Crabtree | 03/13/14
By Paul Bedard | 03/13/14
By Paul Bedard | 03/13/14
By Joel Gehrke | 03/12/14
By Byron York | 03/13/14