Business
Sales gains lift Dollar Tree's 1Q profit 15 pct
Discount retailer Dollar Tree Inc. said Thursday that its net income increased 15 percent in the first quarter as consumers spent more at its stores, which sell goods for $1 or less. The results beat Wall Street expectations, and its shares rose almost 5 percent in morning trading. Dollar stores ...
ECB official: New bank authority 'indispensable'
A top European Central Bank official is calling for quick creation of an agency with powers to restructure and wind down busted banks, in an apparent pushback against Germany's insistence that such fundamental changes should take time. Benoit Coeure said in the text of a speech Thursday in Copenhagen that ...
EU performs abrupt U-turn on olive oil regulation
The EU has something important to say about its proposal to regulate olive oil on restaurant tables: Uh, never mind. Last week, the European Commission, the EU's executive branch, said that restaurants should only be allowed to serve oil to customers in non-refillable bottles with proper content labeling. The refillable ...
Stock slump continues on Wall Street
A global stock market slump is continuing on Wall Street as traders worry about how committed the Federal Reserve remains to keeping up its bond-buying program. The Dow Jones industrial average fell 112 points to 15,191 in early trading Thursday, or 0.7 percent. The Standard & Poor's 500 fell 16 ...
Applications for US unemployment aid fall to 340K
The number of Americans applying for unemployment benefits fell 23,000 last week to a seasonally adjusted 340,000, a level consistent with solid job growth. The less volatile four-week average ticked down just 500 to 339,500, the Labor Department said Thursday. That's close to the five-year low of 338,000 reached during ...
US equities sell-off goes on; futures slump
The momentum of a late sell-off on Wall Street carried over into a second day, sending U.S. futures and global stock markets into retreat. Uncertainty over how committed the Fed remains to a massive bond-buying program scattered investors and overshadowed a Labor Department report Thursday that was slightly better than ...
ShowBiz Minute: Shelton, King, Lopez
Blake Shelton putting together Okla. benefit show; Obama honors Carole King at White House concert; Jennifer Lopez to open cellphone stores. (May 23)
Oil down to near $93 on Chinese recovery concerns
The price of oil fell to near $93 a barrel on Thursday after a survey showed manufacturing activity in China falling to its lowest level in seven months, a sign that the recovery in the world's No. 2 economy is fading. By early afternoon in Europe, benchmark oil for July ...
Japan gyrations underline economy's vulnerability
Japan's financial markets gyrated wildly Thursday, underscoring the vulnerability of its economy to a loss of investor confidence as Prime Minister Shinzo Abe attempts shock monetary easing to end two decades of stagnation. Interest rates, or yields, on 10-year Japanese government bonds briefly topped 1 percent for the first time ...
Survey shows China manufacturing contracting
A survey shows China's manufacturing contracted this month, adding to signs a fragile recovery in the world's No. 2 economy is slowing. HSBC Corp. said Thursday the preliminary version of its monthly purchasing managers index fell to a seven-month low of 49.6 from April's 50.4 on a 100-point scale. Numbers ...
From Our News Partners
© 2013 Sinclair Broadcast Group. By using this website,
you accept the terms of our Visitor Agreement and Privacy Policy, and understand your options regarding Ad Choices
.
You're Almost Done!
Select a display name and password
{* #socialRegistrationForm *} {* socialRegistration_displayName *} {* socialRegistration_emailAddress *} {* traditionalRegistration_password *} {* traditionalRegistration_passwordConfirm *}Tell us about yourself
{* registration_firstName *} {* registration_lastName *} {* registration_postalZip *} {* registration_birthday *} {* registration_gender *} {* agreeToTerms *}