Thursday, March 19, 2015
American Express is preparing to launch a customer loyalty program in the U.S. that will enable shoppers at select retailers rack up points that they can use toward future purchases at Macy's, Exxon Mobil, AT&T and other participating companies.
The trustee finding money for victims of Bernard Madoff's epic fraud asked the U.S. Supreme Court on Tuesday to overturn a court ruling that he says may prevent the recovery of nearly US$4 billion, reward those who unwittingly profited from the Ponzi scheme at the expense of those who did not, and have far-reaching effects for future victims of financial frauds.
Wednesday, March 18, 2015
Construction of new homes in the U.S. plummeted in February, as fierce winter weather froze housing starts in the Northeast and Midwest.
Tuesday, March 17, 2015
U.S. industrial production edged up in February, as a big surge by utilities due to a cold winter offset a third straight decline in factory output.
Saturday, March 14, 2015
Stocks were moving mostly lower in early trading Friday, caused by a drop in oil prices and worries about higher interest rates. Energy companies and utilities had the biggest declines.
Fueled by higher stock and home values, Americans' net worth reached a record high in the final three months of 2014.
The federal government ran a slightly smaller deficit in February than a year ago but the imbalance through the first five months of the budget year is still running ahead of last year.
Canada's television regulator announced Thursday an easing of rules requiring local broadcasters to show a minimum amount of Canadian-made programming, saying the industry must adapt to a "fundamental shift in the television landscape."
Friday, March 13, 2015
U.S. retail sales fell in February, as auto purchases dropped by the most in more than a year and Americans spent less at restaurants and home improvement stores.