Business

Latest

  • Euro drops toward parity with dollar

    LONDON (AP) — The euro could soon be doing something it’s only done a couple of times in its 16-year existence — trading 1-to-1 with the dollar. And its decline could further help the economy…

  • Railway now says 21 cars derailed from oil train in Illinois

    GALENA, Ill. (AP) — BNSF Railway now says a total of 21 cars derailed in an accident involving an oil train in western Illinois, and that a resulting fire continues to burn. No injuries have…

  • US stocks drop; strong jobs report raises rate hike prospect

    NEW YORK (AP) — Stocks dropped on Friday as another strong U.S. jobs survey raised the likelihood that the Federal Reserve would start to raise interest rates later this year. The dollar jumped and U.S.…

  • Apple will replace AT&T in the Dow Jones industrial average

    NEW YORK (AP) — In the Dow’s elite club, Apple is in and AT&T is out. Apple will replace AT&T in the Dow Jones industrial average after the close of trading on Wednesday, March 18,…

  • Prospect of higher interest rates sends stocks, bonds lower

    NEW YORK (AP) — The prospect of higher interest rates is sending U.S. stock and bond prices lower in midday trading. Yields on long-term U.S. government bonds rose sharply Friday after the Labor Department reported…

  • Runways open at LaGuardia after plane that skidded removed

    NEW YORK (AP) — The rough landing of a Delta jetliner at LaGuardia Airport in a driving snowstorm just minutes after the runway had been plowed has raised questions about when airports should close runways…

  • Restaurants and bars drove US job growth in February

    WASHINGTON (AP) — It’s been an extended happy hour at U.S. bars and restaurants, which led hiring gains last month. U.S. dining establishments added 58,700 jobs in February, the Labor Department said Friday. It was…

  • Lew tells Congress of emergency measures to avoid debt limit

    WASHINGTON (AP) — Treasury Secretary Jacob Lew is telling Congress that he will start using the package of emergency measures he has used in the past to keep the federal government from going over the…

  • Wisconsin Assembly sends right-to-work bill to Gov. Walker

    MADISON, Wis. (AP) — Wisconsin lawmakers voted Friday to make their state the 25th to enact right-to-work legislation, pushing a fast-tracked bill through the Assembly after an overnight debate and sending it on to Gov.…

  • Solid US jobs report: 295K positions added; rate at 5.5 pct.

    WASHINGTON (AP) — A burst of hiring in February underscored the resilience and confidence of U.S. businesses, which are adding workers at the fastest pace in 17 years. Yet the strong job gains did little…

  • Hyundai recall: Water leak can cause gear shift problem

    DETROIT (AP) — Hyundai is recalling more than 26,000 Genesis luxury cars in the U.S. and Canada to fix a water leak that can cause the transmission gear shifter to malfunction. The recall covers cars…

  • NBC brings back former news president

    NEW YORK (AP) — NBC has changed the leadership of its troubled news division by bringing back the executive who led the network out of a dark period two decades ago. The hiring of Andy…

  • Grain lower, livestock mixed

    CHICAGO (AP) — Grain futures were lower Friday in early trading on the Chicago Board of Trade. Wheat for May delivery unchanged at $4.8050 a bushel; May corn was 4.25 cents lower at $3.8625 a…

  • Dollar higher

    The U.S. dollar is higher against other North American currencies in New York trading. It’s worth 1.26 Canadian dollars, up from late Thursday. And the dollar is trading at 15.43 Mexican pesos, also up from…

  • FDA approves first lower-cost biotech drug

    WASHINGTON (AP) — Federal health officials have approved the first lower-cost copy of a biotech drug to reach the U.S. market, a long-awaited milestone that could generate billions in savings for insurers, doctors and patients.…