Business

Business Briefs – May 28, 2017

U.S Growth In Jan.-March Upgraded To Still-Slow 1.2 pct. Rate WASHINGTON (AP) — The gross domestic product — the broadest gauge of the economy — grew in the January-March quarter…

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Why You Can’t Buy a Car Online — for Now

As brick-and-mortar stores around the country close up and more retail sales shift to the internet, the auto industry seems stuck in the past, plodding along in much the same…

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U.S. Stocks Slightly Lower After Push to Record Highs

U.S. stocks are little changed Friday, keeping indexes near record highs following a six-day winning streak. Technology companies, which have led the market’s recent rally, are slightly lower as video-game…

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Business Briefs – May 25, 2017

Insurers Continue To Hike Prices, Abandon ACA Markets WASHINGTON (AP) – People shopping for insurance through the Affordable Care Act in yet more regions will be facing higher prices and…

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Ford Shuffles Management Team as New CEO Takes Helm

Ford’s new CEO is shaking up the company’s senior management. The Dearborn, Michigan, automaker named a new head of global product development Thursday, as well as new heads of its…

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GM Accused of Using VW-Like Defeat Devices

General Motors was sued for allegedly putting defeat devices in its trucks to beat emissions tests, the sixth automaker accused of diesel cheating since 2015, when Volkswagen admitted to installing…

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Unemployment Claims Rose Slightly Last Week to 234,000

Slightly more people sought U.S. unemployment benefits last week, but unemployment claims remain at historically low levels. THE NUMBERS: Applications for weekly unemployment aid rose 1,000 to 234,000, the Labor…

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OPEC and Other Nations Set to Extend Output Cuts

OPEC and other oil nations meeting Thursday were set to extend their production cuts in an effort to shore up prices. But the intended impact could be short-lived. That’s due…

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Business Briefs – May 24, 2017

United CEO Assures Shareholders At Meeting; Workers Protest CHICAGO (AP) – The CEO of United Airlines assured shareholders Wednesday that the company is doing all it can to be more…

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