Business & Finance
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A glance at US mortgage rates
Average long-term U.S. mortgage rates climbed this week in response to higher yields for 10-year US Treasury notes. This week Last week Year ago 30-year fixed 4.47 4.42 3.97 15-year fixed 3.94 3.87 3.23 5-year…
13 hours ago -
Kremlin says nationalizing sanction-hit Rusal is an option
MOSCOW (AP) — The Kremlin says a temporary nationalization of aluminum producer Rusal is being discussed after the company was hit by United States sanctions. President Vladimir Putin’s spokesman Dmitry Peskov says nationalization is “one…
13 hours ago -
P&G reports flat 3Q profit, buys Merck unit
NEW YORK (AP) — Procter & Gamble Co. reported flat fiscal third-quarter profit as it faces increased competition for consumer products such as shaving cream and household goods. The Cincinnati company also said it is…
14 hours ago -
‘Perfect storm’ hits DC-area housing market: Inventory down double digits
A plunge in the amount of properties for potential buyers to look at also put a dent in sales, with units sold in D.C. down 12 percent from a year ago, and down 8 percent in Arlington County.
14 hours ago -
Global stocks take a breather as oil price rally continues
LONDON (AP) — Global stock markets traded in fairly narrow ranges Thursday following a solid rebound based on waning fears about a trade war. Oil prices though pushed ahead to touch fresh multi-year highs on…
14 hours ago -
Procter & Gamble pays $4.2 bln for unit of Germany’s Merck
FRANKFURT, Germany (AP) — German pharmaceutical and chemical company Merck says it has agreed to sell its global consumer health business to Procter & Gamble for 3.4 billion euros ($4.2 billion) in cash. The deal…
15 hours ago -
Trade issues expose the limits of Trump-Abe ‘bromance’
PALM BEACH, Fla. (AP) — Japanese Prime Minister Shinzo Abe courted the new American president with a golden driver not long after Donald Trump won the White House. He’s met with the billionaire businessman more…
15 hours ago -
Virginia House Republicans block tax increases for new Metro funding
Republicans in the Virginia House of Delegates on Wednesday halted a pair of tax increases to provide new funding for Metro. The state’s $154 million annual funding plan for Metro was not dissolved with the…
15 hours ago -
Mobile Posse plans Arlington office expansion, hires new CTO
Since 2005, Mobile Posse has been quietly, but quickly, growing its footprint in the D.C. tech scene. Now, CEO Jon Jackson is looking to keep the company’s momentum going with both a new C-suite hire and a headquarters…
16 hours ago -
Climate change could alter ocean food chains, leading to far fewer fish in the sea
(The Conversation is an independent and nonprofit source of news, analysis and commentary from academic experts.) Jefferson Keith Moore, University of California, Irvine (THE CONVERSATION) Climate change is rapidly warming the Earth and altering ecosystems…
16 hours ago -
D.C.-area residents will be able to buy bitcoin from these new ATMs soon
Coinsource will build and deploy 20 new Bitcoin ATMs across the Washington-Baltimore corridor. While the timeline and exact locations for these new ATMs is unclear, Coinsource says it will place 12 in the District, five in…
16 hours ago -
Boston or D.C. ‘most likely to win’ Amazon’s HQ2, report finds
The Boston and Washington, D.C., metro areas are the “most likely candidates” to win Amazon.com Inc.’s second headquarters, a study from New York-based The Conference Board concludes, based on real-time labor demand and advertised online…
16 hours ago -
Chinese e-commerce giant Alibaba sets plans for Thailand
BANGKOK (AP) — The Chinese e-commerce giant Alibaba has agreed to step up investments in Thailand as competition between online retailers heats up in fast-growing Southeast Asia. The founder of the online shopping giant, Jack…
17 hours ago -
China: Qualcomm plan ‘has difficulty’ resolving concerns
BEIJING (AP) — Qualcomm Inc.’s latest proposal for its $44 billion acquisition of NXP Semiconductors “has difficulty” resolving concerns of Chinese anti-monopoly regulators, a government spokesman Thursday. The Commerce Ministry spokesman’s comment was the first…
18 hours ago -
Electric lawn mowers can help owners go green and save green
Some people choose electric mowers because they want to reduce their carbon footprint. But one Consumer Reports editor said benefits extend beyond the obvious.
19 hours ago
