Business News

Business Escaping the wealth gap can mean fleeing hometowns Escaping the wealth gap can mean fleeing hometowns
The flow of educated workers from struggling communities to areas with brighter job opportunities might, to some extent, help shore up the U.S. middle class, which has been squeezed by a widening gap between the richest Americans and everyone else.
Business GM ordered switches nearly 2 months before recall GM ordered switches nearly 2 months before recall
Emails released in a court case show that General Motors Co. ordered a half-million replacement ignition switches nearly two months before telling the government that its small cars should be recalled because the switches were defective.
Business Progress but no deal in trans-Pacific trade talks Progress but no deal in trans-Pacific trade talks
President Barack Obama pressed world leaders Monday to break stubborn logjams that have held up an agreement on a trans-Pacific trade deal that is eagerly sought by the White House and could lead to rare consensus with congressional Republicans.
Business American Airlines crew reject union contract
Flight attendants at American Airlines rejected a five-year contract Sunday, forcing the world's largest carrier and its union for cabin-crew workers into binding arbitration.
Business Why many aren't celebrating low US unemployment Why many aren't celebrating low US unemployment
Friday's strong jobs report showed that the jobless rate - the most closely watched gauge of the economy's health - is down to 5.8 percent. A year ago, the rate was 7.2 percent. Five years ago, it was 10 percent.
Business USDA approves GMO potato designed by Simplot
The U.S. Department of Agriculture has approved commercial planting of a potato that is genetically modified to resist bruising and to produce less of a chemical that has caused cancer in animals.
Business U.S. job gains top 200,000 for 9th month; rate 5.8 percent U.S. job gains top 200,000 for 9th month; rate 5.8 percent
Three days after voters registered their sourness about the U.S. economy, the government said Friday that employers added a solid 214,000 jobs in October, extending the steadiest pace of job growth in nearly 20 years.
Business Strife at West Coast ports threatens holiday goods Strife at West Coast ports threatens holiday goods
Spreading labor strife at major West Coast seaports is exacerbating problems that importers have had getting products to market, threatening the on-time delivery of some holiday goods.
Business Fed's Yellen pledges clear signals for rate policies Fed's Yellen pledges clear signals for rate policies
Federal Reserve Chair Janet Yellen said Friday that the Fed is striving to clearly communicate its intentions on interest rates in order to minimize surprises that could disrupt financial markets both in the United States and globally.