Updated: Thu, May 23, 2013

WASHINGTON (AP) — President Barack Obama plans to give the Jersey Shore a boost with a post-Memorial Day visit to showcase recovery efforts in the aftermath of Superstorm Sandy. The White House says the president will tour the coastline with New Jersey Gov. Chris Christie on Tuesday and speak...

Updated: Thu, May 23, 2013

WASHINGTON (AP) — Investors have grown nervous that the Federal Reserve will scale back its efforts to boost the U.S. economy sooner than many expected. Yet almost lost in the anxiety that gripped the stock market this week is that whenever the Fed slows its drive to keep interest rates low,...

Updated: Thu, May 23, 2013

NEW YORK (AP) — It was another ugly quarter for Sears Holdings Corp. The beleaguered department-store chain reported a steeper-than-expected loss for its first quarter on slumping sales. It also announced that it was considering selling its protection agreement business in an ongoing effort...

Updated: Thu, May 23, 2013

HARTFORD, Conn. (AP) — Connecticut's minimum wage workers are moving closer to getting a raise. The Senate voted 21-to-15 on Thursday to increase the current wage of $8.25 an hour to $8.70 on Jan. 1, 2014. It would increase to $9 on Jan. 1, 2015. The last increases occurred in 2010. The...

Updated: Thu, May 23, 2013

NEW YORK (AP) — There's a new head of household products giant Procter & Gamble. The company is bringing back former CEO A.G. Lafley, a 33-year industry veteran, to its top post in a surprise move as the world's largest consumer products maker tries to improve its results globally. Lafley,...

Updated: Thu, May 23, 2013

SAN FRANCISCO (AP) — Newspaper veteran Jeffrey Johnson will be the new publisher of the San Francisco Chronicle and former Yahoo Inc. executive Joanne Bradford will be the publication's next president, Hearst Corp. announced Thursday. The Chronicle's current president and publisher, Frank...

Updated: Thu, May 23, 2013

BOSTON (AP) — Two business groups are saying Massachusetts can't afford the Cape Wind offshore wind project. In full-page newspaper ads Thursday, the Associated Industries of Massachusetts and the Massachusetts Competitive Partnership say the state already has expensive energy, and the...

Updated: Thu, May 23, 2013

The run-up in stock prices this year could tempt even the most hands-off investor to wade into their 401(k) and make some changes. The Dow Jones industrial average, Nasdaq and Standard & Poor's 500 indexes are each up more than 20 percent over the past 12 months. But experts suggest investors...

Updated: Thu, May 23, 2013

HARTFORD, Conn. (AP) — An 11-year study of the incidence of brain cancer at jet engine manufacturer Pratt & Whitney in the state ended Thursday with university researchers saying they found no statistically significant elevations in the rate of cancer among workers. The researchers at the...

Updated: Thu, May 23, 2013

Average U.S. mortgage rates rose for the third straight week, hitting their highest levels since mid-March, but still remained close to record lows.