Monday , 23 October 2017

Business News

Amazon CEO commemorates opening of giant wind farm in a smashing way

Amazon CEO Jeff Bezos commemorated the opening of the company’s giant new wind farm in a huge way. On Thursday, Bezos posted a video on his Twitter account, showing him smashing a bottle of champagne on the top of a 300-foot-high wind turbine to officially open Amazon’s newest and biggest wind farm. According to a statement released by the company ... Read More »

Apple's newly designed store may give glimpse into future of retail

Apple’s innovative redesign of its first-ever flagship store in Chicago may give a glimpse into the future of retail. In the company’s most ambitious store design yet, the all-glass storefront called Apple Michigan Avenue on the Chicago River will for one month offer visitors free sessions to experience augmented reality, design artwork, learn coding and tinker with robots. The store ... Read More »

Markets Right Now: S&P 500, Dow industrials eke out gains

The latest on developments in financial markets (All times local): 4 p.m. Stocks partly recovered from midday losses and finished mixed, barely keeping winning streaks alive for two main indexes. The Standard & Poor’s 500 index and the Dow Jones industrial average both edged slightly higher, marking the fifth straight gain for each. Both spent most of the day lower. ... Read More »

Not-so-golden years? Shielding seniors from financial fraud

Your golden years are supposed to be the time when you live off your retirement savings, see more of your family and dive fully into leisurely pursuits. Unfortunately, they’re also the years when you’ll be a prime target of financial scams. Seniors tend to have savings, steady income from Social Security, money in retirement accounts and other assets, like a ... Read More »

A 21-foot cactus and other ways cities are vying for Amazon's headquarters

When Amazon announced its plan to accept bids from cities for the location of its second headquarters, various U.S. cities developed elaborate plans to catch the attention of the e-commerce giant. On Sept. 7 Amazon CEO Jeff Bezos first laid out the terms of the project called HQ2. Today, the window for cities to submit those bids has closed. Bezos ... Read More »

Technology companies lead US stocks lower; oil down

Technology companies pulled U.S. stocks slightly lower in afternoon trading Thursday, placing the market on course to snap a four-day winning streak. Cruise lines, fast-food restaurants and other consumer-focused companies also declined. Health care stocks were among the big gainers. Investors were poring over the latest batch of company earnings. Crude oil prices fell. KEEPING SCORE: The Standard & Poor’s ... Read More »

Shares of United Airlines tumble after 3Q financial report

Shares of United Airlines dropped more than 11 percent on Thursday after the carrier signaled that weak prices will continue the rest of this year. Analysts pressed United management during a conference call for evidence that adding more flights and slashing prices to match budget carriers are boosting the company’s financial performance. CEO Oscar Munoz appealed for patience. He said ... Read More »

Correction: SmallBiz-Small Talk-Lending to Women story

In a story Oct. 18 about lending to women-owned businesses, The Associated Press reported erroneously that the bank surpassed its goal for loans to women-owned companies in 2013. It actually surpassed it in 2016. A corrected version of the story is below: Women who own businesses find bank loans harder to get Finding financing: Getting a bank loan can still ... Read More »

US unemployment claims fall to 222,000, lowest in 44 years

The number of Americans collecting unemployment benefits fell last week to the lowest level since Richard Nixon was president. THE NUMBERS: The Labor Department said Thursday that claims for jobless aid dropped by 22,000 to 222,000, fewest since March 1973. The less volatile four-week average slid by 9,500 to 248,250, lowest since late August. The overall number of Americans collecting ... Read More »

US long-term mortgage rates fall; 30-year at 3.88 percent

Long-term U.S. rates slipped this week, reversing two straight weekly increases. Mortgage buyer Freddie Mac says the average rate on 30-year, fixed-rate mortgages fell to 3.88 percent from 3.91 percent last week. A year ago, the benchmark rate stood at 3.52 percent. The rate on 15-year, fixed-rate mortgages, popular with homeowners who are refinancing, dipped to 3.19 percent from 3.21 ... Read More »