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News

Wall St. climbs to record after data; Jackson Hole ahead

U.S. stocks inched higher on Thursday and the S&P reached a record high, lifted by data pointing to steady improvement in the economy, as investors awaited the start of a meeting of top central bankers and economists in Jackson Hole, Wyoming.

Aug 21, 2014 2:33 PM EDT

News

U.S. housing, jobs data bolster economic outlook

U.S. home resales rose to a 10-month high in July and the number of Americans filing new claims for unemployment benefits fell last week, signaling strength in the economy early in the third quarter.

News

Dutch spend 461,000 euros to fence off king's Greek holiday home

The Dutch government paid 461,000 euros ($615,000) to erect a fence around King Willem-Alexander's seaside villa in southern Greece, RTL News reported on Wednesday, drawing media criticism and demands for an explanation.

News

Dollar breaks out to 11-month highs, eyes on Fed

The dollar jumped on Wednesday to its highest levels against the euro and a basket of major currencies since last September, returning to gains after a shaky start to August that called into question its broader strength.

Is it worth $100 to skip airport security lines?

Benet Wilson is one of the 2.5 million Americans who have paid a yearly fee to skip security lines at airports and thinks it's worth every penny she paid for a five-year membership in the Global Entry program offered by the U.S. Customs and Border Protection department.

Aug 20, 2014 3:28 PM EDT

Dipping into the noisy U.S. housing market

The U.S. housing market roared in July, but investors may want to tiptoe rather than jump into the sector, analysts and fund managers say.

Aug 20, 2014 3:23 PM EDT

Target cuts forecast as it woos back customers with more discounts

Target Corp cut its full-year earnings forecast as it offers more discounts to attract cash-strapped customers and win over shoppers unnerved by a massive holiday-season data breach.

Aug 20, 2014 3:19 PM EDT

Staples warns of weak sales on low demand for core office supplies

Staples Inc (SPLS.O) warned that its sales could fall in the current quarter as it sells fewer computers and core office supplies such as ink, toner and paper in North America amid stiff competition from online retailers and big-box chains.

Aug 20, 2014 3:16 PM EDT

Russian watchdog shuts four McDonald's restaurants in Moscow

Russia ordered the temporary closure of four McDonald's restaurants in Moscow on Wednesday, a decision it said was over sanitary violations but which comes against a backdrop of worsening U.S.-Russian ties over Ukraine.

Aug 20, 2014 3:14 PM EDT

Dollar General enters race for Family Dollar with $8.95 billion bid

Dollar General Corp offered to buy Family Dollar Stores Inc for $8.95 billion, trumping a bid by Dollar Tree Inc and aiming to strengthen its dominance of a growing segment of retailers serving penny-pinching customers.

Aug 19, 2014 3:07 PM EDT

China antitrust regulator fines two Japan auto parts makers

Two Japanese automotive bearings makers said on Tuesday a Chinese regulator has ordered them to pay fines for violating antitrust laws as Beijing intensifies its scrutiny of business practices in the auto sector.

Aug 19, 2014 3:03 PM EDT

U.S. consumer prices rise modestly in July

U.S. consumer prices barely rose in July as declining energy costs partially offset increases in food and rents, which could give the Federal Reserve ammunition to keep interest rates low for a while.

Aug 19, 2014 3:02 PM EDT

UK inflation falls more than expected; 2014 rate rise less likely

British inflation fell more than expected in July and surging house price growth slowed in June, making it less likely the Bank of England will raise interest rates this year.

Aug 19, 2014 3:00 PM EDT

Lehman's London staff win $300 million pensions fight

More than 2,400 former Lehman Brothers bankers based in Britain will have their pensions paid in full after winning a six-year battle to receive their money from parts of the collapsed U.S. investment bank.

Aug 19, 2014 2:59 PM EDT

GM expands website for owners of recalled vehicles

General Motors Co's (GM.N) website for owners of its vehicles recalled for faulty ignition switches has been expanded to include all 20 models involved, the automaker said.

Aug 19, 2014 2:55 PM EDT

Former top Obama aide to lead Uber's global political campaign

Uber has enlisted David Plouffe, President Barack Obama's 2008 campaign advisor, to devise and run its global political and branding strategy, as the fast-growing car rides-on-demand firm runs into stiff resistance from taxi companies in some cities.

Aug 19, 2014 2:51 PM EDT