Thursday, July 24, 2014
Regulators are expected to vote Wednesday to end a longtime staple of the investment industry — the fixed US$1 share price for money-market mutual funds — at least for some money funds used by big investors.
Companies that insure Detroit bonds and stand to lose millions repeated a pledge Tuesday to aggressively challenge the city's bankruptcy plan, a day after retirees endorsed pension cuts and qualified for a bailout led by the state.
Wednesday, July 23, 2014
U.S. consumer prices rose in June at a slightly slower pace than in May with two-thirds of the June advance driven by the largest jump in gasoline prices in a year.
Panama's economy will grow by as much as 7 percent this year, thanks in large part to revenue from its signature inter-oceanic canal, officials said Monday.
U.S. airlines have been adding jobs for six straight months, though the gains aren't big ones.
Tuesday, July 22, 2014
The No. 2 U.S. cigarette maker is vowing to fight a jury verdict of US$23.6 billion in punitive damages in a lawsuit filed by the widow of a longtime smoker who died of lung cancer.
Detroit neighborhoods are being relit, its vacant homes are being sold off or torn down, its public transportation is cleaner and more often on schedule and the city has renegotiated some burdensome union contracts.
Saturday, July 19, 2014
U.S. investors on Thursday pressed Puerto Rico government officials about the financial health of the island's power company amid fears it might soon seek to restructure millions of dollars in debt.
New York became the first U.S. state on Thursday proposed establishing rules for firms involved in receiving, transmitting and storing virtual currency. The proposal by the Department of Financial Services would establish a so-called BitLicense.
Friday, July 18, 2014
A U.S. job search website has put mail carrier, farmer, meter reader, newspaper reporter and travel agent on its annual list of the most-endangered jobs, underscoring the changes in the job landscape triggered by evolving information and communications technologies.