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Wednesday, August 27, 2014, 7:56 a.m.
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Business

Consumer mood hits updraft in August

posted: 08/27/2014 2:45 a.m. Discuss

Consumer confidence in the U.S. unexpectedly climbed in August to the highest level in almost seven years, reinforcing signs of a strengthening outlook for the economy in the second half of 2014.

S&P index tops 2,000 as stocks keep rolling

posted: 08/27/2014 1:55 a.m. Discuss

The Standard & Poor's 500 index closed a hair above 2,000 points Tuesday, 16 years after it finished above 1,000 for the first time.

Retailer looking to avoid collapse

posted: 08/27/2014 1:54 a.m. Discuss

RadioShack Corp. is talking with shareholder Standard General LP about getting a rescue financing package that would help the retailer stave off a bankruptcy filing, two people with knowledge of the matter said.

Aircraft fuel durable-goods gains

posted: 08/27/2014 1:53 a.m. Discuss

WASHINGTON -- Business orders for long-lasting manufactured products rose by the largest amount on record in July. But most of the strength came from demand for commercial aircraft, which tends to fluctuate sharply from month to month.

Best Buy: Sales fall on lack of new tech

posted: 08/27/2014 1:52 a.m. Discuss

Shares of Best Buy Co., the world's largest electronics chain, dropped the most in seven months Tuesday after it predicted that sales will continue shrinking for the rest of the year, dragged down by a lack of must-have new gadgets.

Burger King to acquire Canada's Tim Hortons in $11.4 billion venture

posted: 08/27/2014 1:51 a.m. Discuss

Burger King Worldwide Inc. announced an agreement Tuesday to acquire Tim Hortons for about $11.4 billion in a deal that creates the third-largest fast-food company and moves its headquarters to Canada.

Disease-carrying bug challenges Florida citruses

posted: 08/27/2014 1:50 a.m. Discuss

LAKE WALES, Fla. -- Citrus has always been synonymous with Florida.

Overdue credit card payments fall

posted: 08/27/2014 1:49 a.m. Discuss

LOS ANGELES -- Americans are doing a better job of making timely credit card payments, even as many lenders increasingly extend credit to more people with less-than-stellar scores.

Business news in brief

posted: 08/27/2014 1:48 a.m. Discuss

Casino expansion to open Oct. 10

News in brief

posted: 08/27/2014 1:47 a.m. Discuss

U.S. is asked to help farmers in grain mire

Ag secretary requests federal assistance for state, regional farmers

posted: 08/26/2014 3:03 p.m. Comment 1

The Arkansas Secretary of Agriculture, Butch Calhoun, asked for federal assistance Tuesday for farmers in the Arkansas and surrounding states regarding contracts with Turner Grain Merchandising.

Survey: U.S. consumer confidence near a 7-year high

posted: 08/26/2014 10:59 a.m. Comments 13

WASHINGTON — U.S. consumer confidence this month reached its highest point in nearly seven years, boosted by strong job gains.

Burger King buying Tim Hortons for about $11 billion

posted: 08/26/2014 8:21 a.m. Comments 2

MIAMI — Burger King says it struck a deal to buy Tim Hortons Inc. for about $11 billion, a move that would give the fast-food company a stronger foothold in the coffee and breakfast market.

Wal-Mart adds private-label brand

posted: 08/26/2014 2 a.m. Discuss

Wal-Mart Stores Inc. is adding a new private label for food and consumables to its shelves, one that will offer products at the lowest price possible, a company representative said Monday.

New-home sales fall again in July

posted: 08/26/2014 1:59 a.m. Discuss

New-home sales in the U.S. fell unexpectedly in July for the second month, evidence that the housing sector continues to struggle.

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