Wednesday, August 12, 2015
U.S. stocks sank in early trade Tuesday after China's surprise devaluation of the yuan, seen as a bid to prop up Chinese exports that would further strengthen the American dollar.
Monday, August 10, 2015
For most farms, manure is a pungent problem. At Homestead Dairy, it smells like money.
The Panama Canal will temporarily limit the cargo size of ships using the waterway due to a drought caused by the El Nino weather phenomenon, authorities said Friday.
Saturday, August 8, 2015
U.S. employers added a solid 215,000 jobs in July, signaling a steadily rising job market and likely nudging the Federal Reserve closer to raising interest rates in September.
A national dairy marketing cooperative has agreed to pay a total of US$50 million to thousands of Northeast dairy farmers in an amended settlement of a long-running lawsuit accusing the group of trying to drive down milk prices, but some farmers are still opposed to the deal.
Friday, August 7, 2015
California closed an ugly chapter in its financial history on Wednesday by making its final payment on US$14.2 billion in costly borrowing that plugged a budget deficit 11 years ago but eventually cost taxpayers about US$5 billion in interest and fees.
Shortening, pie crusts, brownies and microwave popcorn could be partially exempt from a government phase out of artificial trans fats -- if the food industry gets its way.
Thursday, August 6, 2015
The U.S. trade deficit increased in June as solid consumer spending pulled in more imports, while the strong dollar restrained exports.
Wednesday, August 5, 2015
The U.S. territory of Puerto Rico, deep in economic crisis, has defaulted on part of its US$73 billion debt by missing a bond payment due on Monday, rating firm Moody's said.