By DAVID KOENIGAP Airlines Writer
DALLAS (AP) - American Airlines says it will modify seats on 49 more planes to prevent rows of seats from coming loose during flight.
It's addressing the same problem that caused the airline to ground 48 planes last week - the seat rows aren't locking
By MARTIN CRUTSINGERAP Economics Writer
WASHINGTON (AP) - The Obama administration is delaying a decision that had been due Monday on whether China is manipulating its currency to gain trade advantages.
The Treasury Department says the decision will now come after global finance officials meet
By MARTIN CRUTSINGER and PAUL WISEMANAP Economics Writers
WASHINGTON (AP) - The United States has now spent $1 trillion more than it's taken in for four straight years.
The Treasury Department confirmed Friday what was widely expected: The deficit for the just-ended 2012 budget year - the
By The Associated Press
Here's what's meant by the deficit and the debt - and how the government can address them:
The amount by which spending exceeds revenue during a budget year. When a government spends more than it collects in tax revenue, it runs a deficit for that
By CHRISTINA REXRODE and DANIEL WAGNERAP Business Writers
NEW YORK (AP) - Is the mortgage market really back?
The country's two biggest mortgage lenders, Wells Fargo and JPMorgan Chase, reported Friday that a surge in home lending pushed them to record profits.
JPMorgan CEO Jamie Dimon
HARTFORD, Conn. (AP) - Documents filed in the criminal case against a Venezuelan-American financier say losses from a Connecticut-based fraud scheme could total as much as $600 million.
Francisco Illarramendi (EE'-yah-rah-mehn-dee) is awaiting sentencing after pleading guilty last year to fraud
NEW YORK (AP) - The price of oil dropped Friday after a new report predicted a slower pace of growth in demand for oil, overshadowing concerns about unrest in the Middle East.
On the New York Mercantile Exchange:
- Benchmark oil fell 21 cents to end at $91.86 per barrel
- Heating oil fell 3.32
By The Associated Press
The stock market is closing out its worst week since early June after the first round of U.S. corporate earnings reports failed to get investors excited.
Major indexes closed little changed on Wall Street Friday.
The Dow Jones industrial average managed a gain of just
By DANIEL WAGNERAP Business Writer
WASHINGTON (AP) - With the outcome of next month's presidential election increasingly hazy, here's a shred of clarity that investors can cling to: The tax rates they pay on investment income like stock profits and dividends are almost certain to change