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421.28 surge by Dow index a 3-year best

posted: 12/19/2014 2:45 a.m. Discuss

The Dow Jones industrial average had its biggest surge in three years Thursday, its second straight triple-digit gain after the reassurance by the Federal Reserve that it was in no hurry to raise interest rates.

6,000 fewer sign up for jobless benefits

posted: 12/19/2014 1:50 a.m. Discuss

WASHINGTON -- The number of Americans filing for unemployment benefits fell last week as the economy's continued improvement tempered dismissals.

U.S. firms closer to ripe, but raw, market in Cuba

posted: 12/19/2014 1:49 a.m. Discuss

NEW YORK -- Companies considering doing business in Cuba will find a country ripe for a modern communications system, lacking U.S. consumer goods such as Coke and Pepsi, and craving more hotels, earth-moving equipment and even aluminum cans for beer.

Ford expands recall to all of U.S.

posted: 12/19/2014 1:48 a.m. Discuss

DETROIT -- Ford Motor Co. has agreed to government demands to expand a driver's side air bag inflator recall to the entire U.S.

Amazon debuts 1-hour delivery in NYC

posted: 12/19/2014 1:47 a.m. Discuss Inc. on Thursday began offering one-hour delivery in Manhattan, the retailer’s latest effort to connect consumers with products they order online as quickly as possible.

Oil drop hurts Kansas' small producers

posted: 12/19/2014 1:47 a.m. Discuss

When crude prices were high, Kansas oilman Robert Murdock made plans to drill 20 new wells next year. Not anymore.

Business news in brief

posted: 12/19/2014 1:45 a.m. Discuss

Doubletree lease change on agenda in LR

U.S. unemployment-aid applications decline to 289,000

posted: 12/18/2014 11:07 a.m. Discuss

WASHINGTON — Fewer Americans sought unemployment benefits last week, a sign of solid job security and growing confidence among employers.

November consumer prices take 0.3% slide

posted: 12/18/2014 4:09 a.m. Discuss

The cost of living in the United States fell in November by the most in almost six years, depressed by falling energy prices that signal inflation will stay below the Federal Reserve's goal well into 2015.

Sony pulls Interview after hackers threaten theaters

posted: 12/18/2014 4:07 a.m. Comments 7

The fallout from the theft of computer data from Sony Pictures Entertainment that began four weeks ago expanded this week after the shadowy group calling itself Guardians of Peace escalated its attack beyond corporate espionage and threatened moviegoers with violence.

S&P gains 40.15 as price of oil steadies

posted: 12/18/2014 2:16 a.m. Discuss

A pledge from the Federal Reserve to remain "patient" when deciding when to lift interest rates gave the stock market its biggest gain in more than a year.

Fed vows patience in raising key rate

posted: 12/18/2014 2:11 a.m. Discuss

The Federal Reserve is edging closer to raising interest rates from record lows given a strengthening U.S. job market and economy. But it says it will be "patient" in determining when to raise rates.

FedEx's hefty profits miss forecast

posted: 12/18/2014 2:10 a.m. Discuss

FedEx's second-quarter earnings soared 23 percent, but the package delivery company missed Wall Street forecasts due partially to a lower-than-expected benefit from falling fuel prices.

Wealth gap hits 30-year extreme

posted: 12/18/2014 2:08 a.m. Discuss

A report released Wednesday by the Pew Research Center found that the wealth gap between the country's top 20 percent of earners and the rest of America had stretched to its widest point in at least three decades.

Prices for crude oil futures climb as stocks rebound

posted: 12/18/2014 2:07 a.m. Discuss

Crude oil futures rebounded with stocks Wednesday after a weeks-long market selloff prompted by concerns over rising supply and weak demand growth took a pause.


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