Business News

Business Covered California sign-ups exceed projections Covered California sign-ups exceed projections(Video)
A late surge of sign-ups pushed California's health insurance exchange nearly 100,000 enrollees beyond the original projections of the Obama administration, state officials announced Thursday.
Business Wal-Mart jumps into the money transfer biz, loudly Wal-Mart jumps into the money transfer biz, loudly
The world's largest retailer introduced a new money transfer service Thursday that it says will cut fees by up to 50 percent compared with similar services elsewhere.
Business Applications for U.S. jobless aid edge up to 304,000 Applications for U.S. jobless aid edge up to 304,000
The number of people seeking U.S. unemployment benefits last week rose 2,000 to a seasonally adjusted 304,000. Jobless claims continue to be near pre-recession levels despite the slight increase.
Business New Kern County recycling facility celebrated New Kern County recycling facility celebrated(Video)
Wednesday morning, a host of political leaders joined many in the local waste and recycling community as they officially opened a new sorting facility called Metropolitan Recycling Center.
Business U.S. home building up in March after frigid winter U.S. home building up in March after frigid winter
U.S home construction rose moderately in March as builders resumed work at the end of a frigid winter. But applications for building permits slid, clouding the outlook for future construction.
Business U.S. factory output extended solid gains in March U.S. factory output extended solid gains in March
U.S. factory output rose further last month, extending strong growth from February after harsh weather had caused production to tumble in January. Manufacturers produced more furniture, clothing, chemicals and aerospace products.
Business China's growth slows to 7.4 percent in 1st quarter China's growth slows to 7.4 percent in 1st quarter
China's economic growth slowed further in the latest quarter but appeared strong enough to satisfy Chinese leaders who are trying to put the country on a more sustainable path without politically dangerous job losses.
Business Final deadline arrives for health exchange sign-up Final deadline arrives for health exchange sign-up
Consumers who were unable to create an account or fill out an application because of technical problems on the Covered California website have until midnight Tuesday to secure a health insurance policy and avoid a tax penalty. The agency offered the extension after its systems were overwhelmed by the number of people trying to sign up before last month's enrollment deadline under President Barack Obama's Affordable Care Act.
Business Homebuilder confidence edges up in April Homebuilder confidence edges up in April
U.S. homebuilders' confidence in the housing market rose modestly in April but remained at low levels for the third straight month, constrained by tight credit for home buyers and a shortage of workers and available land.
Business Coca-Cola sells more drinks but soda dips Coca-Cola sells more drinks but soda dips
The world's biggest beverage maker said Tuesday that its global volume for soda fell for first time in at least a decade. The drop was offset by stronger sales of noncarbonated drinks such as juice, and overall volume rose 2 percent.
Business California drought spawns well drilling boom California drought spawns well drilling boom(Photo Gallery)(Video)
With California in a third dry year, well drilling is booming across the nation's most productive agricultural region, and some drilling companies are booked for months or a year. In some counties, requests for permits to dig new wells have soared, more than doubling over this time last year.
Business Citigroup's earnings edge higher in first quarter Citigroup's earnings edge higher in first quarter
Citigroup's its first-quarter earnings rose as the bank got a boost from declines in expenses and provisions for bad loans. The earnings improved even as revenue from mortgage refinancing and bond trading fell.
Business Uber meets local lookalikes in Asia taxi-app wars Uber meets local lookalikes in Asia taxi-app wars
Riding on its startup success and flush with fresh capital, taxi-hailing smartphone app Uber is making a big push into Asia. There's a twist, though: Instead of being the game-changing phenomena it was in the U.S., Uber faces a slew of competitors using similar technology.
Business A guide through the complexities of 401(k) fees
Most fees -more than 80 percent of them - are covered by a plan's "expense ratio." The expense ratio includes recurring fees you're charged when you invest in a fund. The ratio is disclosed in a document - form 404(a)(5) - sent annually to participants in 401(k) plans.
Business Finance officials express hopes for growth
The world's top finance officials say the global economy is recovering, and they're hopeful that well-run economic programs will avoid the risks that threaten that rebound.
Business GM stock hits 10-month low, under IPO price GM stock hits 10-month low, under IPO price
Shares of General Motors Co. fell to a 10-month low Friday as the company's widening recall crisis put a coveted upgrade of its credit rating in doubt.
Business JPMorgan's first-quarter profit falls 20 percent JPMorgan's first-quarter profit falls 20 percent
JPMorgan Chase, the biggest U.S. bank by assets, said Friday its first-quarter earnings fell 20 percent, driven by a decline in investment banking and mortgage lending.