Business News

Business Thai police: alleged blackmailer of Saudi oil firm confesses
Thai police say a Swiss man has confessed to blackmailing his former employer, a Saudi oil exploration company, by threatening to reveal documents with information about alleged financial wrongdoing linked to the Malaysian government.
Business Yellen: First Fed rate hike likely later this year Yellen: First Fed rate hike likely later this year
Federal Reserve Chair Janet Yellen sees a number of encouraging signs that the economy is reviving after a brutal winter and says if the improvements stay on track, the Fed will likely start raising interest rates later this year.
Business US factory output flat for 2nd straight month US factory output flat for 2nd straight month
U.S. factory production was unchanged for a second straight month in June as a sharp drop in auto manufacturing was offset by greater output of furniture and chemicals.
Business Airlines carve U.S. into markets dominated by 1 or 2 carriers Airlines carve U.S. into markets dominated by 1 or 2 carriers
The wave of consolidation that swept the U.S. airline industry has markedly reduced competition at many of the nation's major airports, and passengers appear to be paying the price in higher fares and fees, an Associated Press analysis has found.
Business Investors hope U.S. earnings lift markets as fears fade Investors hope U.S. earnings lift markets as fears fade
After fretting over a Greek bailout, a collapse in Chinese stocks and the timing of an interest rate increase, investors are hoping U.S. corporate earnings will bring more reassuring news this month.