Saturday, August 16, 2014
U.S. auto loans jumped to the highest level in eight years this spring, fueled by a big increase in lending to risky borrowers, according to a report Thursday by the Federal Reserve Bank of New York.
Puerto Rico's financially struggling public power company won a big reprieve Thursday, announcing that creditors agreed to postpone payment of US$671 million worth of bank loans until next year.
Thursday, August 14, 2014
The federal government ran a lower deficit this July than a year ago, keeping it on course to record the lowest deficit in six years. The July deficit was US$94.6 billion, an improvement of 3.1 percent from a year ago, the Treasury Department reported Tuesday in its monthly budget statement.
The number of U.S. job openings hit a 13-year high in June and more workers quit their jobs, pointing to a tightening labor market, Labor Department data showed Tuesday.
Wednesday, August 13, 2014
A federal judge told lawyers on Monday he will encourage settlements in lawsuits brought on behalf of nearly 1,000 plaintiffs against General Motors (GM) for defective ignition switches.
Smithfield Foods, the U.S. pork giant owned by China's WH Group, said Monday its second-quarter profit more than quadrupled on higher hog prices and strong pork demand worldwide.
Tuesday, August 12, 2014
People smashed car windows and carried away armloads of looted goods from stores Sunday night after thousands of people packed a suburban St. Louis area at a vigil for an unarmed black man who was shot and killed by a police officer.
The shares of Russia's two biggest banks soared on Monday after avoiding being dropped from a top emerging markets index as part of the West's response to the Kremlin's stance in Ukraine.
Saturday, August 9, 2014
A quarter of U.S. households say they're “just getting by” financially, a survey by the Federal Reserve shows. The Fed issued the first-time report Thursday, describing it as a snapshot of how Americans perceive their financial and economic well-being. The survey of about 4,100 households was conducted from Sept. 17 through Oct. 4, 2013.