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Economy

Healthier schools: Goodbye candy and greasy snacks
Goodbye candy bars and sugary cookies. Hello baked chips and diet sodas. The government for the first time is proposing broad new standards to make ...
Detroit, Toyota see big US sales gains in January
American consumers ignored tax increases and trudged through winter weather to buy new cars and trucks at an unusually strong pace last month. It was ...
Ed Koch, New York's feisty mayor, dies at 88
When Ed Koch was mayor, it seemed as if all of New York was being run by a deli counterman. Koch was funny, irritable, opinionated, often rude and ...
Dow ends above 14,000 for 1st time since Oct. 2007
The Dow closed above 14,000 on Friday for the first time in more than five years. It was just a number on a board, but it was enough to raise the ...
Mattel 4Q results miss Wall Street's expectations
It was a blue Christmas in toyland. Weak demand over the holidays for toys like Barbie and Matchbox led Mattel's results to fall short of expectations ...
Germany warns euro crisis not over
Europe's efforts to solve its debt troubles won a vote of confidence Friday from the chairman of China's sovereign wealth fund, but Germany's finance ...
Report: US job market looks surprisingly strong
The U.S. job market is proving surprisingly strong and raising hopes that the economy will be resilient enough this year to withstand a budget ...
US construction spending up 0.9 percent
Spending on U.S. construction projects rose in December, ending a year in which construction activity increased for the first time in six years.
Oil up on US jobs report; gas jumps most in 2 yrs
Commuters and day-trippers may do a double-take at the gas station after the biggest one-day pop in pump prices in nearly two years. The nationwide ...
Signs of firm US recovery trigger market gains
Evidence that the U.S. economic recovery is firmly on track drove markets higher on Friday, adding to the cheer from good economic indicators out of ...
Dow hits 14,000 for 1st time since October 2007
The Dow rose higher and briefly topped 14,000 Friday, hitting a milestone not seen since before the financial crisis rocked the world economy. The Dow ...
Puerto Rico teeters on fiscal edge over pensions
Office clerk Lillian Marti hopes to retire one day with a decent pension. Now, like many other employees of Puerto Rico's government, she's beginning ...
Measure of US manufacturing jumps in December
U.S. manufacturing activity grew at a faster pace in January, driven by an increase in new orders and more hiring at factories. The Institute for ...
Nigeria lawmaker charged over alleged bribery
A Nigerian lawmaker who led a probe into the nation's fuel subsidy program that saw billions of dollars lost through fraud has been charged with ...
Dutch state nationalizes SNS Reaal bank
The Netherlands nationalized its fourth-largest bank on Friday, injecting €2.2 billion ($3 billion) to recapitalize SNS Reaal NV and head off any ...
Dow climbs above 14,000
The Dow Jones industrial average climbed above 14,000 for the first time since the Great Recession. The index rose as high as 14,000.97 in early ...
CEO of scandal-hit Barclays gives up 2012 bonus
The chief executive of Britain's Barclays bank said Friday he is giving up his 2012 bonus amid a string of high-profile scandals over market-fixing, ...
Spanish economy minister to testify in bank probe
Spain's Economy Minister Luis de Guindos has been called by the National Court to testify in a probe into alleged fraud at one of the country's major ...
Stocks rise on strong jobs numbers
Stocks rose Friday after the latest employment report showed that the country added 157,000 jobs in January, and that hiring for the past two years ...
Spain's attorney says PM Rajoy could be quizzed
Spain's top prosecutor says there is sufficient cause to investigate fresh allegations of irregular financing of Spain's governing Popular Party and ...
Futures moving higher on strong jobs numbers
Stock futures rose Friday after the latest employment report showed that the country added 157,000 jobs in January, and that hiring for the past two ...
Rare good news for eurozone economy
Mention it quietly, but there were rare hopeful signs for Europe's struggling economy on Friday. Three pieces of economic news for the 17 European ...
China poised to control strategic Pakistani port
China is poised to take over operational control of a strategic deep-water Pakistani seaport that could serve as a vital economic hub for Beijing and ...
Oil slips closer to $97 ahead of US jobs report
The price of oil slipped to near $97 a barrel on Friday after figures showed weak growth in China's manufacturing sector and as investors awaited a ...