NEW YORK (AP) - Stock prices are slightly lower at midday on Wall Street after manufacturing contracted unexpectedly in China this month.
The Dow Jones industrial average was down 10 points at 15,297 as of noon Eastern Daylight Time, a loss of 0.1 percent. It had been down 127 points in the early
By MICHAEL FELBERBAUMAP Business Writer
RICHMOND, Va. (AP) - 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
By STEVE ROTHWELLAP Markets Writer
NEW YORK (AP) - Investors recovered their poise by midday Thursday after an early sell-off sent stocks sharply lower.
U.S. markets fell immediately after the opening bell following a global slump prompted in part by an unexpectedly weak report on manufacturing in
By COLLEEN BARRYAssociated Press
MILAN (AP) - La Scala has reduced the number of operas it will stage during the 2013-14 season due to Italy's economic crisis, the theater's general manager said Thursday.
The program for next season announced by Stephane Lissner comprises 10 operas instead
By PAUL WISEMANAP Economics Writer
WASHINGTON (AP) - 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
BRUSSELS (AP) - 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
By MARTIN CRUTSINGERAP Economics Writer
WASHINGTON (AP) - U.S. sales of new homes rose in April and nearly matched the fastest pace in five years, driving the median price to a record high. The gains suggest the housing recovery is strengthening.
New-home sales increased 2.3 percent in April from
By MARCY GORDONAP Business Writer
WASHINGTON (AP) - Average rates on fixed mortgages rose for the third straight week, hitting their highest levels since mid-March. Still, mortgage rates remained close to historic lows, a trend that should help sustain the housing recovery.
Mortgage buyer Freddie
NEW YORK (AP) - 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 &
By DAVID McHUGHAP Business Writer
FRANKFURT, Germany (AP) - 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
MOUNT VERNON, Wash. (AP) - The Washington State Patrol says the Interstate 5 bridge over the Skagit River at Mount Vernon has collapsed, dumping vehicles and people into the water.
Trooper Mark Francis said the four-lane bridge collapsed about 7 p.m.
Francis says he has no idea how many people are
WASHINGTON (AP) - President Barack Obama will travel to tornado-ravaged Moore, Okla., on Sunday. That's according to a White House official, who wasn't authorized to publicly discuss the trip ahead of the official announcement and requested anonymity. A
By THOMAS BEAUMONTAssociated Press
WEST DES MOINES, Iowa (AP) - Wisconsin's Republican governor, Scott Walker, is introducing himself to Iowa Republicans as would-be presidential candidates often do - as one of their own.
Walker tells about 600 of the GOP faithful at a party fundraising banquet