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Business News

  • U.S. jobless aid applications rise to 283,000
    23 October
    WASHINGTON (AP) - The number of people applying for U.S. unemployment benefits rose last week after falling to a 14-year low the previous week. Despite the increase, weekly applications remain at historically low levels that suggest hiring is gaining steam. The Labor Department says applications…
  • Michigan warns of Serrano peppers with salmonella
    22 October
    LANSING, Mich. (AP) - Officials say some Serrano peppers distributed by Meijer stores in Michigan are potentially contaminated with salmonella. The Michigan Department of Agriculture and Rural Development on Tuesday issued a consumer advisory for the peppers, which were supplied by Bailey Farms of Oxford,…
  • U.S. consumer prices rose 0.1 percent in September
    22 October
    WASHINGTON (AP) - U.S. consumer prices edged up slightly in September, with the overall increase held back by a third straight monthly decline in gasoline prices. The tiny gain was the latest evidence that inflation remains dormant. The Labor Department says consumer prices rose 0.1…
  • Social Security benefits to go up by 1.7 percent
    22 October
    WASHINGTON (AP) - The government says millions of older Americans who rely on federal benefits will get a 1.7 percent increase in their monthly payments next year. It's the third year in a row the increase will be less than 2 percent. The annual cost-of-living…
  • FedEx predicts increase in holiday deliveries
    22 October
    MEMPHIS, Tenn. (AP) - FedEx expects another record for holiday-season deliveries. The company forecast Wednesday that deliveries between Thanksgiving and Christmas Eve will rise 8.8 percent over last year, to 290 million shipments. That's a more subdued forecast than a year ago, when FedEx predicted…
  • Cobo revenue tops $23 million for 2014 fiscal year
    21 October
    DETROIT (AP) - Cobo Center in downtown Detroit has brought in more than $23 million in revenue through the first 11 months of its 2014 fiscal year. The Detroit Regional Convention Facility Authority says the amount as of Aug. 31 was $961,000 ahead of budget.…
  • New rules on banks' risk in mortgage bonds eased
    21 October
    WASHINGTON (AP) - New U.S. rules aimed at getting banks to take on more of the risk when they package and sell mortgage securities are being relaxed with an eye to spurring broader home lending. Federal regulators have dropped a key requirement: a 20 percent…
  • Unemployment rates fall in 31 U.S. states last month
    21 October
    WASHINGTON (AP) - Unemployment rates fell in 31 U.S. states in September, including many currently embroiled in tough political campaigns. The report is the final data on state unemployment before the midterm elections Nov. 4. The Labor Department says that unemployment rates rose in 8…

Markets


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