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Tuesday, March 31, 2015, 7:37 a.m.
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Consumer spending rises 0.1%

updated: 03/30/2015 10:45 p.m. Discuss

WASHINGTON -- U.S. consumers spent just slightly more in February even though their income rose by a healthy amount. Economists hope the bigger paychecks improve spending in the coming months.

Index shows rise in home contracts

posted: 03/31/2015 2:27 a.m. Discuss

WASHINGTON -- The National Association of Realtors said Monday that its seasonally adjusted pending home sales index climbed 3.1 percent to 106.9 last month, the highest reading since June 2013.

U.S. out to tighten stockbroker rules

posted: 03/31/2015 2:19 a.m. Discuss

NEW YORK -- President Barack Obama's administration is backing a proposed rule that would force stockbrokers to look out for the best interests of their clients, rather than pushing risky and costly investments in a rush for big commissions.

2 audits filed late clouding Asia fund

posted: 03/31/2015 2:18 a.m. Discuss

WASHINGTON -- Two companies in a $1.4 billion Asia investment fund managed by New York banking firm Morgan Stanley unexpectedly told securities regulators they will not file their financial statements on time and froze trading in their stocks.

Limit on visas worries Louisiana's crawfish processors

posted: 03/31/2015 2:15 a.m. Comment 1

BATON ROUGE, La. -- Going into what is supposed to be the biggest sales week of the crawfish season, processor Dexter Guillory says he is worried.

Market report: Income, spending data spark rally

posted: 03/31/2015 2:14 a.m. Discuss

Encouraging U.S. economic data and a batch of corporate deals put investors in a buying mood Monday, sending stocks sharply higher.

Baja farmworkers reject wage offer

posted: 03/31/2015 2:12 a.m. Discuss

MEXICO CITY -- Export-oriented commercial farms in Mexico's Baja California state say they have offered farm workers a 15 percent wage increase to end a 2-week-old strike.

Business news in brief

posted: 03/31/2015 2:11 a.m. Discuss

Volvo plans U.S. factory to build sales

Net streaming services strive to defend turf

posted: 03/30/2015 2:09 a.m. Discuss

Netflix, Amazon and Hulu have suddenly found themselves playing a new role: the establishment.

Drug research focuses on rare diseases

updated: 03/28/2015 1:05 p.m. Discuss

TRENTON, N.J. -- The global pharmaceutical industry is pouring billions of dollars into developing treatments for rare diseases, which once drew little interest from major drugmakers but now point the way toward a new era of innovative therapies and big profits.

Morgan Stanley's chief finance officer headed to Google

posted: 03/30/2015 2:07 a.m. Discuss

SAN FRANCISCO -- Google has lured away Morgan Stanley's chief financial officer, Ruth Porat, to be its CFO at a time when the Internet search leader and its Silicon Valley peers are under fire for hiring and promoting too few women.

Etsy seeks balance of growth, keeping 'handmade ethos'

posted: 03/30/2015 2:05 a.m. Discuss

Depending on whom you ask, Alicia Shaffer, owner of the hit Etsy store Three Bird Nest, is a runaway success story -- or an emblem of everything that has gone wrong with the fast-growing online marketplace for handmade goods.

Business news in brief

posted: 03/30/2015 2:04 a.m. Discuss

JBS talks revival of U.S. branch's IPO

Centers near port thrive in Georgia

posted: 03/29/2015 1:58 a.m. Discuss

GARDEN CITY, Ga. -- The business of marine transport in Garden City at the nation's fourth-largest container port is a study in numbers.

Toys R Us to add in-store play areas

posted: 03/29/2015 1:56 a.m. Discuss

NEW YORK -- Toys R Us Inc., after years of losing ground to online rivals and discount chains, plans to revamp its stores to be places where kids come to play.


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