Business News

Business Judge approves Stockton's bankruptcy plan Judge approves Stockton's bankruptcy plan
A judge on Thursday approved a debt plan by Stockton, California, one of the largest U.S. cities to declare bankruptcy, allowing it to reorganize more than $900 million in long-term debt and put more than two years of financial uncertainty behind it.
Business U.S. economy grew at 3.5 percent rate in 3rd quarter U.S. economy grew at 3.5 percent rate in 3rd quarter
The U.S. economy grew at a solid annual rate of 3.5 percent in the July-September quarter, propelled by solid gains in business investment, export sales and the biggest jump in military spending in five years.
Business FTC sues Gerber over claims on infant formula FTC sues Gerber over claims on infant formula
Federal regulators announced Thursday they were suing Gerber, the well-known baby food maker, for claiming that its Good Start Gentle formula can prevent or reduce allergies in children.
Business Judge: California casino to remain closed amid tribal dispute Judge: California casino to remain closed amid tribal dispute
A casino at the center of a tribe's internal power struggle will remain closed until rival factions that operate it can settle their differences that recently erupted into an armed confrontation, a federal judge ruled Wednesday.
Business Small business divided over minimum wage votes Small business divided over minimum wage votes
Some small business owners say raising the minimum wage will pressure their companies, forcing them to cut employees' hours or jobs. Others say it's the right thing to do for workers and the economy.
Business Fed keeps rate at record low, ends bond buying Fed keeps rate at record low, ends bond buying
The Federal Reserve plans to keep a key interest rate at a record low to support a U.S. job market that's improving but still isn't fully healthy and help lift inflation from unusually low levels.
Business Amazon opens 3 logistics centers in Poland Amazon opens 3 logistics centers in Poland
Ahead of Christmas, popular U.S. online retailer Amazon has opened three logistics centers in western Poland, completing a network that covers the European market.
Business India slides, U.S. gains in gender equality ranking India slides, U.S. gains in gender equality ranking
Indian women still face some of the world's worst inequality in access to health care, education and work, despite years of rapid economic growth, according to a survey of 142 nations released Tuesday.
Business U.S. durable goods orders fell 1.3 percent in September U.S. durable goods orders fell 1.3 percent in September
Orders to U.S. companies for long-lasting manufactured goods fell for a second month in September, while a key category that signals business investment plans dropped by the biggest amount in eight months.
Business Fed will likely signal no rate hike anytime soon Fed will likely signal no rate hike anytime soon
The global economy has slumped. Turmoil has gripped financial markets. And the U.S. job market, despite steady gains, still isn't fully healthy. Yet when the Federal Reserve meets this week, few foresee any major policy changes.