Business

Business Briefs – January 20, 2019

China Set to Post Slowest Growth in 28 Years in 2018, More Stimulus Seen BEIJING (Reuters) – China is expected to report on Monday that economic growth cooled to its…

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Feds Move to Take Over Sears Pension Plans

A federal agency is preparing to take responsibility for Sears’ pension plans, which cover more than 90,000 people. The Pension Benefit Guaranty Corp. said in a new release Friday that…

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Business Briefs – January 17, 2019

  China Says Economy Czar To Visit Washington For Trade Talks BEIJING (AP) — The top U.S. and Chinese trade envoys will hold talks in Washington this month in a…

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Average 30-Year Mortgage Rate Steady at 4.45 Percent

U.S. long-term mortgage rates held steady this week, after falling for six straight weeks to reach their lowest levels in nine months. Mortgage buyer Freddie Mac said Thursday the average…

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Stock Markets Mixed in Asia, Pound Finds Some Peace

Asian stocks nudged higher on Thursday after seesawing through a subdued session on concerns over China’s economic outlook, while an anti-climactic end to the latest chapter in the Brexit saga…

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Business Briefs – January 16, 2019

Sears Staves Off Liquidation, Stores to Remain Open NEW YORK (AP) — Sears will live on— at least for now. The company’s chairman and largest shareholder, Eddie Lampert, won a…

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