By SARAH SKIDMOREAP Business Writer
PORTLAND, Ore. (AP) - J.C. Penney & Co.'s stock was one of the market's biggest decliners Thursday after the department store chain told analysts that it expects its financial struggles to continue during the second half of the year.
NOBLESVILLE, Ind. (AP) - Simon Property Group Inc. has settled a dispute with the estate of shopping mall magnate Melvin Simon that's netted his trust's ultimate beneficiaries nearly $1 billion.
The Indianapolis-based company disclosed Wednesday in a Securities and Exchange Commission
By CHRISTOPHER S. RUGABER and DAVE CARPENTERAP Business Writers
WASHINGTON (AP) - A jump in the stock market and rising home prices are bringing Americans closer to regaining the wealth they lost in the recession.
U.S. household net worth dipped in the April-June quarter, according to a Federal
By The Associated Press
RATES AT RECORD LOWS: The average U.S. rate on the 30-year fixed mortgage touched its record low this week, and the rate on the 15-year fixed mortgage hit a new record.
DECLINES FOLLOW FED ACTION: The declines followed the Federal Reserve announcement last week that it
By CANDICE CHOIAP Food Industry Writer
NEW YORK (AP) - Add a pair of blue jeans to the grocery list.
Starting Friday, shoppers at a remodeled Kroger store in Ohio will be able to buy clothing in addition to food, gas and furniture. The nation's largest traditional supermarket chain says it
By The Associated Press
A financial services security group is warning about possible cyber-attacks on banks, citing "recent credible intelligence."
The group, the Financial Services Information Sharing and Analysis Center, has raised its cyber threat level to "high" from "elevated," saying
NEW YORK (AP) - The dollar rose against most other currencies Thursday after weak economic data from Asia and Europe pointed to more sluggishness in the global economy.
A private survey of manufacturers in China showed another decline in September. Japan, meanwhile, posted a $9.6 billion trade
FRANKFURT, Germany (AP) - Europe's financial stability watchdog says EU markets remain "vulnerable."
That's despite a recent calming of tensions from the crisis over too much government debt in some countries.
The European Systemic Risk Board said Thursday that "high uncertainty and
NEW YORK (AP) - The nation's natural gas supplies rose last week, the government said Thursday.
The Energy Department's Energy Information Administration reported that natural gas in storage grew by 67 billion cubic feet to 3.496 trillion cubic feet for the week ended Sept. 14.