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Startups striving to upend banking

posted: 12/09/2016 5:45 a.m. Discuss

Silicon Valley is pressuring banks to change their ways or risk becoming the latest industry overtaken by technology, like video-rental shops and bookstores.

Iran hurries to ink oil deals before Trump takes office

posted: 12/09/2016 5:45 a.m. Discuss

President Hassan Rouhani of Iran is racing to sign as many oil deals with Western companies as he can, before hard-liners at home and President-elect Donald Trump have a chance to return the Mideast country to cultural and economic isolation.

30-year mortgage rate rises to 4.13%

posted: 12/09/2016 1:50 a.m. Discuss

Mortgage rates increased this week for the sixth week in a row to highs not seen in more than two years.

Subscriber losses get analysts pushing for, against ESPN sale

posted: 12/09/2016 1:48 a.m. Discuss

ESPN's struggle to stay afloat in an era of TV disruption and cable TV cord-cutting has many Disney shareholders spooked, analyst say.

Market report: Banks, materials lead stocks up

posted: 12/09/2016 1:43 a.m. Discuss

After a quiet start, major U.S. stock indexes again set all-time highs Thursday afternoon as the market built on Wednesday's surge. Banks continued to lead the way as bond yields jumped, and small-company stocks soared again.

Business news in brief

posted: 12/09/2016 1:42 a.m. Discuss

Jobless-benefits claims down 10,000

U.S. 30-year average mortgage rate rises to 4.13 percent

posted: 12/08/2016 11:17 a.m. Discuss

WASHINGTON — Long-term U.S. mortgage rates climbed for the sixth straight week in the aftermath of Donald Trump's election win, marking new highs for the year.

Market report: Stocks rally sends Dow, S&P climbing to all-time records

posted: 12/08/2016 5:45 a.m. Discuss

The Dow Jones industrial average and Standard & Poor's 500 indexes soared Wednesday to their biggest gains since the presidential election and set all-time highs.

12,000 new cafes part of Starbucks' 5-year global plan

posted: 12/08/2016 5:45 a.m. Discuss

Seattle-based Starbucks Corp., the world's largest coffee-shop chain, said Wednesday that it plans to add 12,000 locations globally in the next five years.

Eatery chains draw investor activism

posted: 12/08/2016 2:12 a.m. Discuss

When executives from Chipotle Mexican Grill delivered a bleak outlook for the chain during an investment conference Tuesday, attendees steered the discussion toward a would-be savior: Bill Ackman.

Tone changes on AT&T merger

posted: 12/08/2016 2:10 a.m. Discuss

When AT&T and Time Warner announced their $85.4 billion deal in October, lawmakers greeted the acquisition frostily. Now their tone has become more encouraging.

Job openings fall 1.8% in October

posted: 12/08/2016 2:08 a.m. Discuss

U.S. employers posted fewer jobs in October than the previous month, but job openings are still at a mostly healthy level that points to steady hiring ahead.

Business news in brief

updated: 12/08/2016 2:05 a.m. Discuss

3 appointed to new Murphy Oil roles

AT&T, Time Warner CEOs defend deal

posted: 12/07/2016 11:12 a.m. Discuss

WASHINGTON — The CEOs of AT&T and Time Warner told Congress that the merger of the two media and communications giants will benefit Americans and boost competition in cable, rather than quash it.

Revisit Apple award, justices say

posted: 12/07/2016 2:13 a.m. Discuss

The U.S. Supreme Court on Tuesday told a lower court to take another look at a $399 million award won by Apple from rival Samsung Electronics for copying the design of the iPhone.

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