News Alerts
1st credit union business loan made in state (Jul-22, 06:15 EDT )-- The U.S. Small Business Administration and U.S. Senator Tom Carper joined local elected officials and representatives of Newark-based American Spirit Federal Credit Union to mark the opening of Queen Bee Beauty Supply in Smyrna.
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Markets Sharply Higher on Strong Earnings (Jul-22, 09:24 EDT )-- Investors focused on reports from a broad range of companies that are not seeing a slowdown in the recovery.
Home Sales, Leading Indicators Drop In June (Jul-22, 09:24 EDT )-- Sales of previously occupied homes fell 5.1 percent in June to a seasonally adjusted annual rate of 5.37 million. And the Conference Board said its index of leading economic indicators dropped for the second time in three months, suggesting the...
Caterpillar’s Profit Rises 91% as Sales Grow 31% (Jul-22, 08:59 EDT )-- A surge in government spending and rising commodities prices increased demand for heavy equipment.
G.M. Buys a Subprime Lender for $3.5 Billion (Jul-22, 08:40 EDT )-- The automaker said it hoped to increase sales to consumers with lower credit ratings with the purchase of AmeriCredit.
New York Times Co. Posts Gain in Operating Profit (Jul-22, 08:40 EDT )-- The New York Times Company reported that its second-quarter profit declined 18 percent compared with results in the period a year earlier. On an operating basis, profit more than doubled.
New Weekly Jobless Claims Jump 37,000 (Jul-22, 07:37 EDT )-- New claims for unemployment insurance jumped to a seasonally adjusted 464,000 last week, reversing a sharp fall two weeks ago, the Labor Department said. The larger-than-expected rise is partly a result of seasonal factors but also reflects the job...
With Banking, Question Everything (Jul-22, 06:57 EDT )-- Congressional oversight holds great promise for reining in banking abuses, an economist writes.
Nokia Profit Falls on Tough Smartphone Competition (Jul-22, 06:23 EDT )-- In releasing results, the company sidestepped persistent speculation about a possible change in top management.
Gathering Storm Halts Work On Gulf Well (Jul-22, 06:09 EDT )-- Retired Coast Guard Adm. Thad Allen says the cap that has been keeping the oil bottled up since last week might have to be reopened, allowing crude to gush into the sea again for days. Work on the relief well, reportedly just days from completion, has...
Credit Suisse Sees Small Increase in Profit (Jul-22, 04:10 EDT )-- The bank’s second-quarter profit rose 1.4 percent to $1.5 billion, as it benefited from a tax credit, but trading revenue dropped amid a volatile market.
Bernanke: Recovery Has Slowed (Jul-22, 03:00 EDT )-- Federal Reserve Chairman Ben Bernaker acknowledged Wednesday the economic recovery has slowed down, but doesn't think it's headed for a double dip. He was appearing before lawmakers on Capitol Hill.
X Prize To Offer $3M For Gulf Cleanup Solutions (Jul-22, 03:00 EDT )-- The X Prize, which is awarded millions to high-flying or far-reaching developments like spacecraft, and ultra fuel-efficient vehicles, may devote some of its incentive money toward a more earthly dilemma. Speaking to a reporter a few weeks ago, an X...
IMF Cancels Haiti Debt (Jul-22, 03:00 EDT )-- The International Monetary Fund says Haiti is off the hook for the $268 million it owes the international funding group. In addition to cancelling the debt, the IMF will also lend Haiti another $60 million.
Corporate Earnings Brighten Otherwise Gloomy Economy (Jul-22, 03:00 EDT )-- The latest talk about the economic outlook is gloomy. Unemployment is high, and not expected to fall rapidly. But the latest reports on corporate profits generally look strong. David Wessel, economics editor of the Wall Street Journal, offers his insight.
Motorola Sues Huawei for Theft of Trade Secrets (Jul-22, 02:08 EDT )-- Motorola claimed an engineer shared information about a Motorola transceiver and other technology with Huawei’s founder, Ren Zhengfei, a former officer in the People’s Liberation Army of China.
Airlines Return To Profitability (Jul-21, 23:04 EDT )-- The industry was clobbered after the Sept. 11, 2001, attacks. Then the global economy soured, fuel prices climbed and people stopped traveling. In response, airlines reduced flights and slashed payrolls. They began charging for food and luggage. But...
Light, Fuel-Driven Car Goes For 100 Mpg X Prize (Jul-21, 23:01 EDT )-- The Very Light Car is the last remaining four-seat sedan vying for $5 million in the prestigious X Prize competition. It weighs just over 700 pounds -- far less than a typical compact car. But unlike most other entries in the competition, it's not an...
Rafters Push For 'Right To Float' In Colorado (Jul-21, 23:01 EDT )-- A private landowner says he doesn't want people rafting through his property. Technically, the state constitution says the waterways are open to the public, but private landowners often own the riverbeds and banks. The issue was so contentious, the...
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