Business News

Business Gauge of US economy's future health up in April Gauge of US economy's future health up in April
By MARTIN CRUTSINGER,AP Economics Writer Published: May 17, 2013 at 9:56 AM PDT
Steady job gains and a recovering housing market are driving the economy and helping offset deep federal spending cuts that threaten growth, Conference Board economist says.
Business Ticketmaster settles rewards lawsuit for $23M Ticketmaster settles rewards lawsuit for $23M
By Associated Press Published: May 16, 2013 at 3:26 PM PDT
About 1.12 million people are eligible to file a claim. They signed up for the rewards program after buying a ticket at Ticketmaster.com between September 2004 and June 2009.
Business Nordstrom 1st quarter net income slips Nordstrom 1st quarter net income slips
By MAE ANDERSON AP Retail Writer Published: May 16, 2013 at 2:40 PM PDT
Nordstrom Inc. said Thursday its first-quarter net income fell 3 percent, hurt by weak demand for spring merchandise and softer performance in the Northeast and Midwest.
Business Only 2 of 13 small SUVs do well in crash tests Only 2 of 13 small SUVs do well in crash tests
By TOM KRISHER, AP Auto Writer Published: May 16, 2013 at 9:43 AM PDT
Only two of 13 small SUVs performed well in front-end crash tests done by an insurance industry group, with several popular models faring poorly in the evaluations.
Business Wal-Mart's 1Q profit, sales disappoint Wal-Mart's 1Q profit, sales disappoint
By ANNE D'INNOCENZIO, AP Retail Writer Published: May 16, 2013 at 9:33 AM PDT
The world's largest retailer reported Thursday that its first-quarter profit edged up just slightly, and the company struggled with a sales slump in its namesake business during the three-month period.
Business Governor's budget includes major infusion for education
By JULIET WILLIAMS, Associated Press Published: May 15, 2013 at 6:34 PM PDT
Gov. Jerry Brown's latest budget proposes a $17 billion infusion for California's K-12 schools over the next four years, a dramatic turn-around after years of teacher layoffs and program cuts that were common during the recession.
Business U.S. factory output falls 0.4 percent in April U.S. factory output falls 0.4 percent in April
By MARTIN CRUTSINGER, AP Economics Writer Published: May 15, 2013 at 8:12 AM PDT
U.S. factories cut back sharply on production in April, as auto companies cranked out fewer cars and most other industries reduced output. The weakness suggests economic growth may be slowing this spring.