Business News

Business U.S. construction spending rises 0.8 percent in May U.S. construction spending rises 0.8 percent in May
U.S. construction spending posted a solid gain in May, pushing total activity to the highest point since the fall of 2008, with the strength led by a big jump in non-residential projects.
Business Consumer confidence index climbs to 101.4 in June Consumer confidence index climbs to 101.4 in June
Consumer confidence showed a solid gain in June following a modest increase in May, supporting the view that strong job gains are giving a boost to the overall economy.
Business Boosting overtime: Obama calls for broader coverage Boosting overtime: Obama calls for broader coverage
They're called managers, and they sometimes work grueling schedules at fast food chains and retail stores. But with no overtime eligibility, their pay may be lower per hour than many workers they supervise.
Business Greeks hit by closed banks, warnings from eurozone Greeks hit by closed banks, warnings from eurozone
Anxious pensioners swarmed closed bank branches Monday and long lines snaked outside ATMs as Greeks endured the first day of serious controls on their daily economic lives.
Business Disney merges consumer product, interactive divisions Disney merges consumer product, interactive divisions
Disney is merging its consumer product and interactive divisions, a move that acknowledges the shared goals of important product lines like the Disney Infinity video game franchise and the upcoming line of wearable toys called Playmation.
Business Kohl's, California prosecutors reach nearly $1M settlement Kohl's, California prosecutors reach nearly $1M settlement
Kohl's has reached a nearly $1 million settlement with prosecutors in four California counties who alleged some of the company's department stores charged customers more than the price advertised on shelves and signs.
Business Japan inflation ebbs in May, jobless rate flat Japan inflation ebbs in May, jobless rate flat
The state of Japan's economic recovery remains murky, with inflation still nearly flat in May despite unprecedented monetary stimulus, though joblessness was flat at 3.3 percent and household spending rose for the first time in over a year.
Business Greece, creditors get closer on terms of bailout Greece, creditors get closer on terms of bailout
Greece and its creditors moved closer to clinching a deal this weekend that would keep the country from defaulting on its debts and falling out of the euro bloc, after Prime Minister Alexis Tsipras made more concessions Friday.
Business U.S. economy not as bad in 1st quarter, paving way for rebound U.S. economy not as bad in 1st quarter, paving way for rebound
The U.S. economy contracted in the first three months of the year, just not as much as previously estimated. More recent data show that the weakness was largely temporary, with a rebound in the works for the April-June quarter.
Business Senate poised to hand Obama big victory on negotiating trade Senate poised to hand Obama big victory on negotiating trade
Congress was poised to hand President Barack Obama a major victory on trade Wednesday, with the Senate set to approve "fast track" negotiating authority and House Democrats dropping their opposition to a part of the legislative package.
Business Crop chemicals fuel higher Monsanto 3rd quarter profit Crop chemicals fuel higher Monsanto 3rd quarter profit
Monsanto Co. reported better-than-expected earnings results for the third quarter on Wednesday as executives of the huge agricultural business continued to make a case for a $45 billion takeover of Swiss competitor, Syngenta AG.