Saturday, April 5, 2014
Jeremy Stein, a member of the Federal Reserve Board, announced Thursday that he plans to resign next month to return to Harvard University, creating more turnover on the seven-member board.
U.S. news media revenues have tumbled by roughly a third since 2006 amid a shift to digital media, researchers said Thursday.
The presidents of Panama and Mexico have signed a free trade agreement that should smooth the way for Mexican businesses to operate in the Central American country.
Friday, April 4, 2014
The U.S. trade deficit climbed to the highest level in five months in February as demand for American exports fell while imports increased slightly.
Thursday, April 3, 2014
A dozen banking giants have been sued in New York for allegedly fixing global foreign exchange rates in the latest ripple to accompany government probes of the huge market. The defendants in the class-action lawsuit, which include BNP Paribas and JPMorgan Chase, shared confidential information during private online chat sessions to collude and fix trades on the key WM/Reuters foreign exchange rate, which is set each afternoon in London, according to a complaint filed Monday.
Charles H. Keating Jr., the notorious financier who served prison time and was disgraced for his role in the costliest savings and loan failure of the 1980s, has died. He was 90.
U.S. manufacturing grew at a slightly faster pace in March compared with February as factory output recovered from disruptions caused by severe winter weather. Manufacturers also received more orders, suggesting that production could strengthen a bit in the months ahead.
U.S. home prices rose in February from a year earlier at a solid pace, suggesting that a tight supply of available homes is boosting prices despite slowing sales.
U.S. auto sales beat expectations in March.
Wednesday, April 2, 2014
Is it too easy for high-tech companies to patent inventions that are not really new, but simply take an old idea and blend it with computer wizardry?