Most interesting finance and busines news.
A strengthening U.S. recovery means the depressing influence of the winter storms that disrupted travel from Chicago to New York over the past few days and blanketed much of the country in January will be temporary, economists said.
Sales at chain stores fell 0.9 percent in the month ended Jan. 29, cutting the gain over […]
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Knee-deep water inundated communities in southeastern Australia on Tuesday as electricity companies warned that further cuts there were likely if more power stations were submerged by floodwaters.
The floods reached into the state of Victoria at the weekend following weeks of flooding that ravaged Queensland to the north and swamped a major city.
In Victoria, the city […]
An entertainment company controlled by Stan Kroenke, the St. Louis Rams owner, and another firm have bought a 50-percent stake in cable’s World Fishing Network, the companies announced today.
Altitude Sports and Entertainment, a subsidiary of Denver-based Kroenke Sports Enterprises, partnered with Insight Sports to buy the network, which is available in more than 20 million […]
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West African leaders urged Ivory Coast President Laurent Gbagbo to step down peacefully for President-elect Alassane Ouattara, saying “legitimate force” may be used if he fails to do so.
Presidents from 11 of the 15-member Economic Community of West African States, or Ecowas, were joined by foreign ministers of Mali, Gambia and Guinea in resolving […]
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Stocks fell Friday as investors worried that China might try to slow its surging economy to combat inflation.
The Dow Jones industrial average dropped 50 points in morning trading.
The losses in the U.S. follow steep drops overnight in major Chinese indexes as traders fear the Chinese government might be forced to raise interest rates to combat […]
The U.S. Supreme Court lifted a ban on Monsanto Co.’s genetically engineered alfalfa ordered three years ago amid concern over contamination of conventional alfalfa fields.
The court’s 7-1 vote reverses a federal appeals court ruling. It opens the door for the Department of Agriculture to approve planting of the crop on an interim […]
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A key index of consumer prices fell in May, but it was up 2% over the past 12 months, the government said Thursday.
The Consumer Price Index, the Labor Department’s key measure of inflation, fell by 0.2% in May on a monthly basis. Economists surveyed by Briefing.com expected a 0.1% drop.
The government report attributed most […]
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U.S. stocks were set to slide Friday, after a downbeat May retail sales report was released before the bell.
Dow Jones industrial average, Nasdaq and S&P 500 futures were all lower.
Futures measure current index values against perceived future performance.
U.S. stocks closed with a pop Thursday as euro-zone concerns eased. The Dow (INDU), the […]
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US Airways Group will begin service June 1 connecting Charlotte, N.C., with Ottawa, Ontario.
Ottawa joins the list of five other destinations added from the Tempe-based airline’s Charlotte hub in the past 18 months. Service to Rome began May 13 and flights to Rio de Janeiro started in December.
The daily service to Ottawa will be operated […]
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ESPN won the TV rights to ACC football and basketball in a bidding competition with Fox Sports that was surprisingly close, industry sources say, and as a result made the conference several million more dollars.
The back-and-forth bidding, which reached its final stages last week at the league’s spring meetings in Amelia Island, Fla., drove up […]
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