Business News

Business Report: Federal budget deficit falls to $486 billion
The federal government's budget deficit has fallen to $486 billion, the smallest pool of red ink of President Barack Obama's six-year span in office, a new report said Wednesday.
Business Holiday retail sales forecast to rise by 4.1 percent Holiday retail sales forecast to rise by 4.1 percent
Americans are expected to spend at the highest rate in three years during what's traditionally the busiest shopping season of the year, according to the nation's largest retail industry trade group.
Business Wal-Mart cuts health benefits for some part-timers Wal-Mart cuts health benefits for some part-timers
Wal-Mart Stores Inc. plans to eliminate health insurance coverage for some of its part-time U.S. employees in a move aimed at controlling rising health care costs of the nation's largest private employer.
Business IMF trims forecast for global economic growth IMF trims forecast for global economic growth
The International Monetary Fund slightly lowered its outlook for global economic growth this year and next, mostly because of weaker expansions in Japan, Latin America and Europe.
Business Corporate deals set to return to pre-crisis levels
In a year that's been awash with multi-billion dollar corporate deals, the number and value of mergers and acquisitions is set to grow further, reaching pre-crisis levels over the coming 12 months, consulting firm EY said Monday.
Business Wealthy giving less to charity; Utah tops states Wealthy giving less to charity; Utah tops states
Even as the income gap widens, the wealthiest Americans are giving a smaller share of their income to charity, while poor and middle-income people are donating a larger share, according to an extensive analysis of IRS data conducted by the Chronicle of Philanthropy.
Business Businesses with name 'Isis' fight bad image Businesses with name 'Isis' fight bad image
"I'm just like, 'Come on!'" she says. "I get what's going on, but can you see it's a store?" Brent says she wants to rename her store, in southern California, to avoid any confusion with the group sometimes called Islamic State of Iraq and Syria.